Common use of Method of Repayment Clause in Contracts

Method of Repayment. Prior to the repayment date provided in this Contract, Party A shall deposit into an account opened by Party B enough funds for any amount then due and such funds will be automatically transferred and paid to Party B, or, on the repayment date provided in this Contract, Party A shall transfer funds from other account for the repayment of the loan. If Party A fails to repay the loan in a timely manner, Party B shall have the right to transfer and receive any funds from the account opened by Party A at China Construction Bank’s system.

Appears in 8 contracts

Samples: Loan Agreement (Origin Agritech LTD), Loan Agreement (Origin Agritech LTD), Loan Agreement (Origin Agritech LTD)

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Method of Repayment. Prior to the repayment date provided in this Contract, Party A shall deposit into an its account opened by with Party B enough funds for any amount then due and such funds will be automatically transferred and paid as sufficient to repay the amount due to Party B, or, on the repayment date provided B before each Repayment Date specified in this Contract, and shall automatically transfer such funds to Party B for repayment; or Party A shall transfer funds a sufficient amount from its other account for accounts to make such repayment on the repayment of the loanaforementioned Repayment Date. If Party A fails to repay the loan in a timely mannerany indebtedness punctually, Party B shall have has the right to transfer and receive directly debit for the corresponding amount any funds from the account opened by Party A at with any branch or office of China Construction Bank’s system.

Appears in 7 contracts

Samples: Loan Contract (SkyPeople Fruit Juice, Inc), Loan Agreement (SkyPeople Fruit Juice, Inc), Loan Agreement (SkyPeople Fruit Juice, Inc)

Method of Repayment. Prior to the repayment date provided in this Contract, Party A shall deposit into an its account opened by with Party B enough funds for any amount then due and such funds will be automatically transferred and paid as sufficient to repay the amount due to Party B, or, on the repayment date provided B before each Repayment Date specified in this Contract, and shall automatically transfer such funds to Party B for repayment; or Party A shall transfer funds a sufficient amount from its other account for accounts to make such repayment on the repayment of the loanaforementioned Repayment Date. If Party A fails to repay the loan in a timely mannerany indebtedness punctually, Party B shall have has the right to transfer and receive directly debit the corresponding amount from any funds from the account opened by Party A at with any branch or office of China Construction Bank’s system.

Appears in 1 contract

Samples: Loan Contract (SkyPeople Fruit Juice, Inc)

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Method of Repayment. Prior to the repayment date provided in this Contract, Party A shall deposit into an sufficient funds in the account opened by it has maintained with Party B enough funds for any amount then due and such funds before the repayment date, which will be automatically transferred and paid to Party Bused for repayment, or, on the repayment date provided in this Contract, Party A shall or transfer funds from other account accounts for such repayment on the prescribed repayment of the loandate. If Party A fails to repay the loan in a timely mannermade repayment on schedule, Party B shall have the right be entitled to transfer and receive any funds from the corresponding money out of Party A’s account opened by Party A at China Construction Bank’s systemBank Company Limited.

Appears in 1 contract

Samples: Capital Loan Agreement (Certified Technologies Corp)

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