Obligations of the Borrower. 8.1 The Borrower shall repay the loan principal under this contract and pay the interest according to the time, amount, currency and interest rate recorded in this contract and the corresponding Application for Use of Line of Credit. The fund withdrawal account designated by the Borrower is used to collect the corresponding sales revenue or planned repayment funds. If the corresponding sales revenue is settled in a non-cash manner, the Borrower shall ensure that the money is promptly transferred to the fund withdrawal account after being received. The Borrower shall provide the capital inflow and outflow of the capital withdrawal account as required by the Lender.
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Samples: Universe Pharmaceuticals INC, Universe Pharmaceuticals INC
Obligations of the Borrower. 8.1 The Borrower shall repay the loan principal under this contract and pay interest under the interest Contract according to the time, amount, currency and interest rate recorded in this contract the Contract and the corresponding Application for Credit Use of Line of CreditApplication. The fund withdrawal account designated by the Borrower is used to collect the corresponding sales revenue income or planned repayment funds. If Where the corresponding sales revenue income is settled in a non-cash mannerway, the Borrower shall ensure that the money it is promptly transferred to the fund withdrawal account in time after being receivedreceiving the money. The Borrower shall provide the capital inflow and outflow of funds in the capital fund withdrawal account as required by according to the requirements of the Lender.
Appears in 1 contract
Samples: UTime LTD
Obligations of the Borrower. 8.1 The Borrower borrower shall repay the principal of the loan principal under this contract Contract and pay the interest according to the time, amount, currency and interest rate recorded in this contract Contract and the corresponding Application for the Use of Line of Creditthe Amount. The If the fund withdrawal account designated by the Borrower is used to collect the corresponding sales revenue or planned repayment funds. If , and the corresponding sales revenue is settled in a non-cash manner, the Borrower shall ensure that the money it is promptly transferred to the fund withdrawal account in time after being receivedreceiving the payment. The Borrower shall provide the capital inflow and outflow exit of the capital fund withdrawal account as required by the Lender.
Appears in 1 contract
Samples: Greenland Technologies Holding Corp.
Obligations of the Borrower. 8.1 The Borrower shall repay the loan principal under this contract and pay the interest according to the time, amount, currency and interest rate recorded in this contract and the corresponding Application for Use of Line of Credit. The fund withdrawal account designated by the Borrower is used to collect the corresponding sales revenue or planned repayment funds. If the corresponding sales revenue is settled in a non-cash manner, the Borrower shall ensure that the money is promptly transferred to the fund withdrawal account after being received. The Borrower shall provide the capital inflow and outflow of the capital withdrawal account as required by the Lender.. Working Capital Loan Contract
Appears in 1 contract
Samples: Universe Pharmaceuticals INC