Common use of Party B’s Rights and Obligations Clause in Contracts

Party B’s Rights and Obligations. 1. Party B shall have the right to: (1) learn the production, operation and financial activities of Party A and require Party A to provide relevant documents, such as plan statistics, financial and accounting statements; (2) deduct and transfer from the account opened by Party A at China Construction Bank’s system any amount in any currency owing to Party B and payable by Party A under this Contract. 2. Party B shall be obligated to: (1) advance the loan fully and in a timely manner as provided for in this Contract, except for any delay due to the reasons attributable to Party A; (2) keep confidential financial materials and production and operation related trade secrets provided by Party A, unless otherwise provided for by laws, regulations and rules.