Payment by Xxxxxxxx. the borrower shall provide the lender the “working capital loan drawdown application notice”, which shall be approved by the lender, the fund shall be transferred to Borrower’s account, the Borrower pay it to the payee who is applicable to the loan using purposed requirement. From the first fund drawdown date, the Borrower shall report the lender the payment status in written every ___ days, and the Lender has the right to verify the payment whether applicable to the loan using purpose under this contract by account analyzing, Voucher review, investigating in present.
Appears in 4 contracts
Samples: Working Capital Loan Contract (BTHC XV, Inc.), Working Capital Loan Contract (BTHC XV, Inc.), Working Capital Loan Contract (BTHC XV, Inc.)
