Party B’s Discretionary Payment Clause Samples

Party B’s Discretionary Payment. Discretionary payment mode may be adopted when the amount of Party B’s single payment of the loan hereunder fails to meet the conditions specified in (I) and (II) of Article 7, provided, however, that Party B shall regularly summarize and report the progress of loan funds payment to Party A at Party A’s request. Party A may check and verify whether the payment of the loan is in conformity with the agreed purpose by means of account analysis, receipt inspection, on-site investigation and such other means.