Notarization. If either party hereto requests for notarization, this contract shall be notarized by a notary agency of compliance with state laws and regulations, and Party B shall bear the cost arising thereof. Party A and Party B agree and confirm: Upon the notarization, this contract becomes an enforceable document evidencing creditor’s rights. If Party B fully fails to repay the principal, interest and incidental charges of the loan to Party A on time, or if Party B violates its obligations stipulated herein, Party A has the right to request the people’s court for compulsory execution in accordance with the contract, for which Party B shall unconditionally accept such enforcement and waive its right of defense.
Appears in 2 contracts
Samples: Domestic L/C Trade Finance Credit Facility Contract (Cogo Group, Inc.), Domestic L/C Trade Finance Credit Facility Contract (Cogo Group, Inc.)
Notarization. If either any party hereto hereof requests for notarization, this contract shall agreement must be notarized by a notary public notarization agency of compliance approved by the State, with state laws and regulations, and Party B shall bear the cost arising thereofbearing notarization fees. Party A The parties hereto agree and acknowledge that this agreement will be become a creditor’s claim document with enforceability once notarized and that, if Party B agree and confirm: Upon the notarization, this contract becomes an enforceable document evidencing creditor’s rights. If Party B fully fails to repay the principal, all debt principals and interest and incidental charges of the loan to Party A on time, other relevant fees due or if Party B violates breaches its obligations stipulated provided herein, Party A has the right to request appeal to the people’s court of competent jurisdiction directly for compulsory execution enforcement in accordance with the contract, for which this agreement and Party B shall unconditionally agrees to accept such enforcement and waive unconditionally its right of for defense.
Appears in 2 contracts
Samples: Credit Facility Agreement (Cogo Group, Inc.), Credit Facility Agreement (Cogo Group, Inc.)
Notarization. If either party hereto requests any of the parties requires for notarization, this contract Contract shall be notarized by a notary agency public office approved by relevant authorities of compliance with state laws and regulationsthe country, and the expenses for notarization shall be assumed by Party B shall bear the cost arising thereof. B. Party A and Party B agree and confirm: Upon the notarization, confirm that if this contract becomes Contract is notarized by notary public office as an enforceable document evidencing of creditor’s rights. If Party right, and if party B fully fails to repay on time the principal, interest interest, and incidental charges of the loan other expenses owed to Party A on timeunder this Contract, or if Party B violates violets its obligations stipulated hereinunder this Contract, Party A has the right is entitled to request the people’s apply to court for compulsory execution in accordance with the contractof jurisdiction to enforce this Contract, for which Party B shall agrees to accept the enforcement unconditionally accept such enforcement and duly waive its right of defense.
Appears in 1 contract
Samples: Comprehensive Credit Line Contract (Birch Branch Inc)