Common use of Loan Issuance and Payment Clause in Contracts

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agreed in the Contract, the loan issuing obligation is completed, that is, the Borrower shall be deemed to have withdrawn and used the loan fund, and the interest shall be accrued from the date of issuance of the loan fund. 2.2 On the premise of complying with laws, regulations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. 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 require the Borrower to assume the liability for breach of contract. 2.6 Under the entrusted payment method, the Borrower shall bear all the handling fees required for the loan payment to the transaction object designated by the Borrower. The Borrower shall pay the above expenses to the Lender when handling the entrusted payment of each loan. 2.7 Under entrusted payment, the Borrower shall not issue transfer payment instruction to the Lender except for the circumstances stipulated in the Contract, and shall not use the loan already issued by other means. 2.8 In the course of loan payment, if the Borrower’s credit status is reduced, the profitability of main business is weak, and the use of loan funds is abnormal, the Lender has the right to adjust the payment method and reduce the amount standard applicable to the entrusted payment method; it is also entitled to suspend issuing loan funds and making payment, in which case the Lender may promptly notify the Borrower to negotiate supplementary conditions for loan issuance and payment.

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 require the Borrower to assume the liability for breach of contract. 2.6 Under the entrusted payment method, the Borrower shall bear all the handling fees required for the loan payment to the transaction object designated by the Borrower. The Borrower shall pay the above expenses to the Lender when handling the entrusted payment of each loan. 2.7 Under entrusted payment, the Borrower shall not issue transfer payment instruction to the Lender except for the circumstances stipulated in the Contract, and shall not use the loan already issued by other means. 2.8 In the course of loan payment, if the Borrower’s credit status is reduced, the profitability of main business is weak, and the use of loan funds is abnormal, the Lender has the right to adjust the payment method and reduce the amount standard applicable to the entrusted payment method; it is also entitled to suspend issuing loan funds and making payment, in which case the Lender may promptly notify the Borrower to negotiate supplementary conditions for loan issuance and payment.