Loan Issuance and Payment Sample Clauses

Loan Issuance and Payment. 2.1 When the Lender transfers the loan to the loan issuing account of the Borrower agreed in the Contract, the loan issuing obligation is completed, that is, the Borrower shall be deemed to have withdrawn and used the loan fund, and the interest shall be accrued from the date of issuance of the loan fund. 2.2 On the premise of complying with laws, regulations and regulatory provisions, the Lender has the right to determine the payment method of the loan according to the loan purpose of the Borrower and the specific amount paid, i.e., the entrusted payment made by the Lender and/or the self-payment made by the Borrower. If it is reviewed by the Lender that the purpose or payment method of the loan is not in conformity with the Contract or the requirements of the Lender, the Lender has the right to require the Borrower to adjust the payment method or reject the Borrower’s withdrawal application. The Borrower shall bear any responsibilities and consequences such as loan delay caused thereby, and the Lender shall not assume any responsibility. 2.3 In the case of entrusted payment, the Borrower shall not withdraw or transfer out the loan fund during the period when it stays in the Borrower’s loan issuing account. In addition, the Borrower shall still be liable for repayment if the amount is subject to compulsory measures including but not limited to freezing and deduction which shall be borne by the Borrower. 2.4 Under the entrusted payment method, the Borrower shall specify the payment object, payment time, payment amount, etc. to the Lender, and provide the Lender with relevant transaction documents, transaction vouchers or other transaction evidences as required by the Lender. The Borrower guarantees that the information provided by itself is true, complete, legal and effective. ZHONGGUANCUN BANK Loan Contract (applicable to offline single loan business) - 2022V1.0 2.5 In case that the Borrower adopts the self-payment method, the Borrower shall submit the payment information of the loan fund as required by the Lender, provide the using records and materials of the loan fund as required by the Lender, and provide the Lender with corresponding account information, payment vouchers and other materials for the Lender to inspect. The Borrower knows and agrees that the Lender has the right to conduct account analysis, voucher inspection or on-site investigation to check whether the loan is used for the purpose agreed herein. Otherwise, the Lender has the right to ...
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Loan Issuance and Payment. 1. Prerequisites for the First Withdrawal Party A must fully meet the following conditions when making its first withdrawal: [/]
Sample 1
Loan Issuance and Payment. 1. Prerequisites for the First Withdrawal Party A must fully meet the following conditions when making its first withdrawal: [/] 2. Prerequisites for Each Withdrawal For each withdrawal under this Contract (including the first withdrawal), Party A must also meet the following conditions: (1) Party A has not violated the provisions or agreements of this Contract, the Guarantee Document and other relevant documents. (2) The Guarantee Document remains valid, and the Guarantee has not undergone or will undergo any adverse changes that Party B believes may be detrimental to the realization of its claims. (3) The collateral or pledged property under the Guarantee Document has not been seized, and the maximum amount guarantee has not resulted in the determination of claims. (4) Party A’s credit status, business and financial status have not undergone any adverse changes that may endanger, delay or prevent it from performing its obligations and responsibilities under this Contract and the Guarantee Document. (5) Party A has signed or provided Party B with the agreed documents or documents reasonably requested by Party B. (6) Party A has opened the relevant accounts in accordance with the provisions of this Contract or the requirements of Party B. (7) There are no laws, regulations or regulatory requirements that prohibit or restrict the issuance of loans under this Contract. (8) [/] (9) Other conditions required by Party B.
Sample 1
Loan Issuance and Payment. 2.1 To draw the loan, the borrower must meet the following preconditions, otherwise the lender shall not have the obligation to issue any sum of money to the borrower, except that the lender agrees to issue the money in advance. (1) Except credit loan, the borrower has provided the corresponding guarantee according to the requirement of the lender, the corresponding guarantee formalities have already been completed, and no change detrimental to the lender occurs to the guarantee; (2) Each time the money is drawn, the presentation and warranty of the borrower under this contract shall still be authentic, accurate, and complete, and there is no violation of any article under this contract or any other contract signed between and by the borrower and the lender. (3) The materials provided certifying the use of the loan shall be consistent with the agreed use. 2.2 Where the borrower uses the loan under this contract in the investment of fixed assets, besides meeting the preconditions mentioned in Article 2.1, the borrower shall also meet the following preconditions: (1) The loan project is already approved, ratified or put on file (if necessary) by the competent authorities of the State. (2) The capital or other complementary capital of the loan project has already been put in place in full amount according to the specified time and proportion. (3) No cost overrun occurs or the cost overrun shall be settled by the borrower through self-raising. (4) The project progress has already been completed according to plan, and the actual project progress is consistent with the amount already invested. 2.3 For the borrower to draw the loan, the borrower shall submit the advice of drawing to the lender at least five (5) banking days in advance. Once submitted, the advice of drawing shall not be cancelled without the written approval of the lender. 2.4 Where the borrower meets the preconditions for drawing or after the money is issued in advance through the approval of the lender, the fact that the lender transfers the loan to the designated bank account of the borrower shall be deemed as the lender has already issued the loan to the borrower according to the agreement of this contract. 2.5 According to the relevant supervision regulation and the management requirement of the lender, the loan that should adopt the method of entrusting the lender to draw or use the loan, the lender shall pay the loan capital to beneficiary that complies with the agreed use in this contract ...
Sample 1
Loan Issuance and Payment 
Sample 1

Related to Loan Issuance and Payment

  • Notice and Payment A. Any notice required to be given under this Agreement shall be in writing and delivered personally to the other designated party at the above stated address or mailed by certified, registered or Express mail, return receipt requested or by Federal Express. B. Either party may change the address to which notice or payment is to be sent by written notice to the other under any provision of this paragraph.

  • Price and Payment Unless stated otherwise, the Charges are exclusive of value added tax (VAT) or any equivalent sales tax in any applicable jurisdiction. Unless stated otherwise, the Supplier shall invoice for the Charges monthly in arrears and all such invoices shall be accompanied by a statement setting out the Services and/or Goods supplied in the relevant month in sufficient detail to justify the Charges charged. Subject to clause 4.4 below, the British Council shall, unless agreed otherwise by the parties in writing, pay each of the Supplier’s valid and accurate invoices by automated transfer into the Supplier’s nominated bank account no later than 30 days after the invoice is received. Where there is an end client, the British Council shall not be obliged to pay any invoice to the extent that it has not received payment relating to that invoice from the end client. If the British Council fails to pay any sum properly due and payable (other than any sum disputed in good faith) by the due date for payment, the Supplier may charge interest on the amount of any such late payment at the rate of 4% per annum above the official bank rate set from time to time by the Bank of England. Such interest will accrue from the date on which payment was due to the date on which payment is actually made. The parties hereby acknowledge and agree that this rate of interest is a substantial remedy for any late payment of any sum properly due and payable Where the Supplier enters into a Sub-Contract, the Supplier shall: pay any valid invoice received from its subcontractor within 30 days following receipt of the relevant invoice payable under the Sub-Contract; and include in that Sub-Contract a provision requiring the counterparty to that Sub-Contract to include in any Sub-Contract which it awards provisions having the same effect as clause 4.6.1 of this Agreement.

  • Exercise and Payment A registered holder may exercise a Warrant by delivering, not later than 5:00 P.M., New York time, on any business day during the Exercise Period (the “Exercise Date”) to the Warrant Agent at its corporate trust department (i) the Warrant Certificate evidencing the Warrants to be exercised, or, in the case of a Book-Entry Warrant Certificate, the Warrants to be exercised (the “Book-Entry Warrants”) shown on the records of the Depository to an account of the Warrant Agent at the Depository designated for such purpose in writing by the Warrant Agent to the Depository from time to time, (ii) an election to purchase the Warrant Shares underlying the Warrants to be exercised (“Election to Purchase”), properly completed and executed by the registered holder on the reverse of the Warrant Certificate or, in the case of a Book-Entry Warrant Certificate, properly delivered by the Participant in accordance with the Depository’s procedures, and (iii) the Warrant Price for each Warrant to be exercised in lawful money of the United States of America by certified or official bank check or by bank wire transfer in immediately available funds. If any of (A) the Warrant Certificate or the Book-Entry Warrants, (B) the Election to Purchase, or (C) the Warrant Price therefor, is received by the Warrant Agent after 5:00 P.M., New York time, on the specified Exercise Date, the Warrants will be deemed to be received and exercised on the business day next succeeding the Exercise Date. If the date specified as the Exercise Date is not a business day, the Warrants will be deemed to be received and exercised on the next succeeding day that is a business day. If the Warrants are received or deemed to be received after the Expiration Date, the exercise thereof will be null and void and any funds delivered to the Warrant Agent will be returned to the registered holder or Participant, as the case may be, as soon as practicable. In no event will interest accrue on funds deposited with the Warrant Agent in respect of an exercise or attempted exercise of Warrants. The validity of any exercise of Warrants will be determined by the Company in its sole discretion and such determination will be final and binding upon the registered holder or Participant, as applicable, and the Warrant Agent. Neither the Company nor the Warrant Agent shall have any obligation to inform a registered holder or the Participant, as applicable, of the invalidity of any exercise of Warrants. The Warrant Agent shall deposit all funds received by it in payment of the Warrant Price in the account of the Company maintained with the Warrant Agent for such purpose and shall advise the Company via telephone at the end of each day on which funds for the exercise of the Warrants are received of the amount so deposited to its account. The Warrant Agent shall promptly confirm such telephonic advice to the Company in writing.

  • Price and Payments 4.1. Prices are as stated in NEVION’s acknowledgement. All quotations are on ex works (factory) terms (as defined in INCOTERMS ®2010) and are exclusive of carriage, insurance, VAT or other charges and duties and also exclude any applicable fees or royalties. The price will include the licence fee for the Customer’s right to use any Software where a software licence is included with the Equipment unless otherwise stated in a quote or licence agreement. 4.2. The Customer is responsible for arranging transport and providing NEVION with timeous transport instructions. 4.3. Unless expressly stated in the order confirmation, receipt of payment in full in cleared funds is a condition precedent to NEVION’s obligation to ship Equipment or supply Services under a Contract. 4.4. Where payment terms require a letter of credit to be issued in favour of NEVION, the Customer shall arrange for an unconditional irrevocable letter of credit to be issued, and if required by NEVION, confirmed, by a first class bank or financial institution approved by NEVION and otherwise on terms as NEVION shall specify. 4.5. Where credit terms have been agreed, should the Customer fail to make payment in full by the due date, without prejudice to any other right or remedy available to NEVION, NEVION may: (a) terminate the Contract or suspend any further deliveries (whether under the same Contract or not) in accordance with condition 11; (b) appropriate any payment made by the Customer as it sees fit; (c) charge a monthly fee of 1.5%; (d) charge storage for any undelivered Equipment at its current rates;

  • Fees and Payment 2.1 All fees payable are due within 30 days from the invoice date. Once placed, Your order is non-cancelable and the sums paid nonrefundable, except as provided in this Agreement or Your order. You will pay any sales, value- added or other similar taxes imposed by applicable law that we must pay based on the Services You ordered, except for taxes based on our income. Fees for Services listed in an order are exclusive of taxes and expenses. 2.2 If You exceed the quantity of Services ordered, then You promptly must purchase and pay fees for the excess quantity. 2.3 You understand that You may receive multiple invoices for the Services ordered. Invoices will be submitted to You pursuant to Oracle's Invoicing Standards Policy, which may be accessed at xxxx://xxx.xxxxxx.xxx/us/corporate/contracts/invoicing-standards-policy-1863799.pdf.

  • Purchase Price and Payment The total Purchase Price for the Property is the amount of the successful bid for the Cabin/Home Site at public auction plus the Maximum Value of the Personal Property.

  • Pricing and Payment Prices for each Product and any terms and conditions for invoicing and payment will be established by Customer’s Reseller.

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