Common use of Payment Entrustment Clause in Contracts

Payment Entrustment. If the borrower meets the conditions of entrusted payment by the Lender, the borrower shall have a clear payment authorization in the withdrawal application, that is, authorizes and entrusts the lender to directly pay the borrowed funds to the Borrower’s designated counterparty account conforming to the purposes agreed herein after transferring the borrowed funds into the borrower’s designated account. And shall provide the name of the counterparty receiving the payment, counterparty account, payment amount and other necessary payment information.

Payment Entrustment. If Meet the borrower meets lender of the conditions of entrusted payment by the Lenderconditions, the borrower shall have a clear payment authorization in the withdrawal applicationapplication should have clear payment entrusted, that is, authorizes namely the authorization and entrusts entrust the lender to in the loan funds into the designated borrower account, directly pay the borrowed loan funds directly to the Borrower’s designated counterparty account conforming to the purposes agreed herein after transferring the borrowed funds into the borrower’s designated borrower specified counterparties account. And , and shall provide the name of the counterparty receiving the paymentcounterparty, counterparty account, payment amount and other necessary payment information.information.\

Payment Entrustment. If the borrower meets the conditions of for entrusted payment by the Lenderlender, the borrower shall have a clear payment authorization entrustment in the withdrawal application, that is, which authorizes and entrusts the lender to directly pay the borrowed loan funds to the Borrower’s designated counterparty account conforming to of the purposes agreed herein borrower that meets the purpose specified in this contract after transferring the borrowed loan funds into to the borrower’s designated borrower account. And The borrower shall also provide the necessary payment information such as the name of the counterparty receiving the payment, the counterparty account, and the payment amount and other necessary payment informationamount.

Payment Entrustment. If the borrower meets Where the conditions of applicable to entrusted payment by the LenderLender are met, the borrower Borrower shall have a clear clearly specify the payment authorization entrustment in the withdrawal application. The Borrower shall grant the payment entrustment and specify in the withdrawal application the account of its designated trading counterpart meeting the conditions agreed herein, that is, authorizes and entrusts into which the lender to Lender shall directly pay pays the borrowed loan funds to the Borrower’s designated counterparty account conforming to the purposes agreed herein after transferring the borrowed funds into same to the borrowerdesignated Borrower’s designated account. And shall provide , as well as the name of the counterparty receiving counterpart, the paymentaccount of the counterpart, counterparty account, the amount of payment amount and the other necessary payment information.

Payment Entrustment. If the borrower meets the conditions of payment entrusted payment by the Lenderlender, the borrower shall have a clear payment authorization in the withdrawal applicationapplication for withdrawal, that is, authorizes authorize and entrusts entrust the lender to directly pay the borrowed loan funds to the Borrower’s designated counterparty account conforming to designated by the purposes Borrower for the purpose agreed herein after transferring the borrowed loan funds into the designated borrower’s designated account. And shall provide the name of the counterparty receiving the payment, the counterparty account, the payment amount and other necessary payment information.

Payment Entrustment. If the borrower meets In case the conditions of for Lender’s entrusted payment by the Lenderare met, the borrower Borrower shall have include a clear payment authorization entrustment in the withdrawal application, that is, authorizes request to authorize and entrusts entrust the lender Lender to directly pay the borrowed loan funds directly to the account of the Borrower’s designated counterparty account conforming to counterparties of transactions which are in conformity with the purposes purpose agreed herein after transferring the borrowed loan funds into are released to the borrowerdesignated Borrower’s designated account. And , and shall provide such necessary payment information as the name names of the counterparty receiving the transaction counterparties as recipient, account of such counterparties and amount of payment, counterparty account, payment amount and other necessary payment information.