Common use of Payment Management Clause in Contracts

Payment Management. a. After the loan is disbursed, the lender has the right to periodically or randomly review and inspect whether the borrower’s use of the loan funds complies with the contract’s terms, and the borrower is obliged to fully cooperate. If the lender finds that the use of the loan funds does not conform to the contract’s terms, the lender has the right to request the borrower to rectify it within a specified time. If the borrower refuses to rectify, the lender has the right to demand early repayment of part or all of the loan. b. During the loan disbursement and payment process, if the borrower exhibits any of the following situations, the lender has the right to negotiate with the borrower to supplement the loan disbursement and payment conditions or, depending on the situation, unilaterally change the payment method or stop the disbursement and payment of loan funds: A. Failing to withdraw the loan funds according to the contract's terms; B. Failing to disburse the loan funds according to the contract's terms; C. Violating the contract by splitting payments to avoid the lender’s entrusted payment; D. Other non-compliance with the payment management provisions of this contract.