Common use of Payment of loan funds Clause in Contracts

Payment of loan funds. 0. Xxxx issuing account The Borrower shall open the following account with the Lender as the loan issuance account, and the loan issuance and payment shall be handled through this account.☐ This account is a special account and can only be used for the issuance and payment of borrowed funds, not for the receipt and payment of other funds.(Note: This sentence is optional and should be deleted if not applicable) Account Name:Xxxxxxx Xxxx Electromechanical Technology Co., LTD Account Number:483277737262 2. Payment method of borrowed funds (1) The payment method of the borrowed funds shall be implemented in accordance with laws and regulations, regulatory provisions and provisions of this Contract. The payment method of the borrowed funds for a single withdrawal shall be confirmed in the withdrawal application. If the lender considers that the payment method of the borrowed funds selected in the withdrawal application does not meet the requirements, it has the right to change the payment method or stop the release and payment of the borrowed funds. (2) Entrusted payment by the Lender means that the Lender pays the borrowed funds to the Borrower’s counterparty conforming to the purpose agreed herein according to the Borrower’s withdrawal application and payment authorization.According to the relevant regulations of the CBRC and the internal management regulations of the lender, payment of loan funds meeting one of the following conditions shall be made by the lender as entrusted payment: A. The lender and the borrower establish a new credit business relationship, and the borrower’s credit rating does not meet the lender’s internal requirements; B. When the withdrawal application is made, the payment object is clear (with a clear account and account name) and the amount of a single payment exceeds 0 RMB (excluding, the foreign currency is converted at the actual withdrawal day exchange rate ) C. Other circumstances specified by the Lender or agreed with the Borrower: (3) Independent payment by the Borrower, that is, after the Lender releases the loan funds to the borrower’s account according to the borrower’s withdrawal application, the borrower pays the loan funds independently to the borrower’s counterparty meeting the purpose agreed in the contract.Except for the circumstances stipulated in the preceding paragraph, where the lender is to be entrusted with the payment method, other payment methods of the borrowed funds shall be paid by the borrower independently.

Payment of loan funds. 04.1 Types of payment of loan funds 4.1.1 Entrusted payment by the Lender, namely, the Lender shall pay through the Borrower’s account the loan funds to a counterparty of the Borrower complying with the purpose stipulated herein according to the Borrower’s payment order. 4.1.2 Self payment by the Borrower, namely, the Borrower shall autonomously pay to his counterparty complying with the purpose stipulated herein the loan funds after the Lender has made to the Borrower’s account. 4.1.3 The Lenders shall have right to change the method of payment of loan funds if the Borrower’s external payment and credit rating has changed when the Borrower makes withdrawal. Xxxx issuing account The Borrower shall open the following account with submit to the Lender as a written description of such change, a reapplication for withdrawals and relevant transaction information to prove the purpose of the loan issuance accountfunds where there are changes of the payment method or the amount of external payment, the payment object, and the purpose of loan issuance and funds under the mode of entrusted payment. 4.2 Standard of payment shall be handled through this account.☐ This account is a special account and can only of loan The entrusted payment method must be used for if the issuance and amount of loan payment of borrowed funds, not for the receipt and payment of other funds.(Note: This sentence is optional and should be deleted if not applicable) Account Name:Xxxxxxx Xxxx Electromechanical Technology Co., LTD Account Number:483277737262 2. Payment method of borrowed funds (1) The payment method of the borrowed funds shall be implemented in accordance with laws and regulations, regulatory provisions and provisions of this Contracthereunder exceeds RMB ten million. The Lender shall have right to propose stricter fiduciary payment method of standards within the borrowed funds for a single withdrawal above-mentioned fiduciary payment standards. The Lender shall be confirmed in the withdrawal application. If the lender considers that the payment method of the borrowed funds selected in the withdrawal application does not meet the requirements, it has have the right to change the payment method or stop the release cease issuance and payment of the borrowed funds. (2) Entrusted payment by the Lender means loan funds if he considers that the Lender pays the borrowed funds to the Borrower’s counterparty conforming to the purpose agreed herein according to the Borrower’s withdrawal application and payment authorization.According to the relevant regulations method of the CBRC and the internal management regulations of the lender, payment of loan funds meeting one of selected in the following conditions shall be made by the lender as entrusted payment: A. The lender and the borrower establish a new credit specific business relationship, and the borrower’s credit rating application does not meet the lender’s internal requirements;. As to the payment method of loan funds, please refer to Article 16 hereof. The Borrower shall not make self-payment if such payment should be entrusted according to the Contract. B. When 4.3 Specific requirements for entrusted payment of loan funds 4.3.1 Where the withdrawal application Lender is madeentrusted to pay, the payment object is clear (with Borrower shall provide a clear account and account name) and written entrustment document for the amount of a single payment exceeds 0 RMB (excludingentrusted payment, namely, the foreign currency is converted at the actual withdrawal day exchange rate ) C. Other circumstances specified by Borrower shall authorize and entrust the Lender or agreed with to pay to account of the Borrower: (3) Independent payment transaction object designated by the Borrower, that iswhich complies with the purpose of loan hereunder, after loan funds has been paid to the Lender’s designated account. 4.3.2 Where the Lender releases is entrusted to pay, the Borrower shall, at the time of the withdrawal, provide the Lender with his lending account, the account information of the trading object, the payment amount and the supporting materials to prove that the withdrawal conforms to the purpose specified in the loan funds contract. The Borrower shall guarantee the authenticity, integrity and effectiveness of all materials provided to the borrowerLender. The Lender shall bear no responsibility and the Borrower’s account according obligation to repay already generated hereunder shall not be influenced if the borrowerLender’s withdrawal application, the borrower pays the loan funds independently to the borrower’s counterparty meeting the purpose agreed fiduciary payment obligation cannot be fulfilled in the contract.Except for the circumstances stipulated in the preceding paragraph, where the lender is to be entrusted with the payment method, other payment methods time because of the borrowed funds shall be paid untruthfulness, inaccuracy or incompleteness of the relevant transaction information provided by the borrower independentlyBorrower.

Payment of loan funds. 01. Xxxx issuing Loan issuance account The Borrower shall open the following account with the Lender lender as the loan issuance account, and the loan issuance and payment shall be handled through this account.☐ This account is a special account and can only be used for the issuance and payment of borrowed funds, not for the receipt and payment of other funds.(Note. Account name: This sentence is optional and should be deleted if not applicable) Account Name:Xxxxxxx Xxxx Electromechanical Technology Guangzhou Shuzhi Communication Culture Co., LTD Account Number:483277737262number: 718573934862 2. Payment method of borrowed funds (1) The payment method of payment of the borrowed loan funds shall be implemented in accordance with laws and regulations, regulatory provisions and provisions of this Contractcontract. The payment method of payment of the borrowed loan funds for a single withdrawal shall be confirmed in the withdrawal application. If the lender considers that the payment method of payment of the borrowed loan funds selected in the withdrawal application does not meet the requirements, it has the right to change the method of payment method or stop the release issuance and payment of the borrowed loan funds. (2) Entrusted payment by the Lender means that the Lender pays the borrowed funds to the Borrowerborrower’s counterparty conforming to the purpose purposes agreed herein according to the Borrowerborrower’s withdrawal application and payment authorization.entrustment. According to the relevant regulations of the CBRC and the internal management regulations of the lenderLender, the payment of loan funds meeting that meet one of the following conditions shall be made by the lender as entrusted payment:payment method of the lender. A. The lender and the borrower newly establish a new credit business relationship, and the borrower’s credit rating does not meet the lender’s internal requirements; B. When the withdrawal application is made, the The payment object is clear at the time of withdrawal application (with there is a clear account and account name) and ); And the amount of a single payment transaction exceeds 0 RMB RMB10 million (excluding, the foreign currency is shall be converted at according to the exchange rate on the actual withdrawal day exchange rate date of withdrawal); C. Other circumstances specified prescribed by the Lender or agreed with the Borrower:. (3) Independent payment by the BorrowerThe Borrower pays independently, that is, after the Lender lender releases the loan funds to the borrower’s account according to the borrower’s withdrawal application, the borrower pays the loan funds independently to the borrowerBorrower’s counterparty meeting the purpose agreed in the contract.. Except for the circumstances cases stipulated in the preceding paragraph, paragraph where the payment method entrusted by the lender is to be entrusted with adopted, the payment method, other payment methods of the borrowed loan funds shall be paid by the borrower independently.

Payment of loan funds. 01. Xxxx Loan issuing account The Borrower shall open the following account with the Lender as the loan issuance account, and the loan issuance and payment shall be handled through this account.☐ This account is a special account and can only be used for the issuance and payment of borrowed funds, not for the receipt and payment of other funds.(Note: This sentence is optional and should be deleted if not applicable) Account Name:: Xxxxxxx Xxxx Electromechanical Technology Co., LTD Account Number:483277737262Number: 2. Payment method of borrowed funds (1) The payment method of the borrowed funds shall be implemented in accordance with laws and regulations, regulatory provisions and provisions of this Contract. The payment method of the borrowed funds for a single withdrawal shall be confirmed in the withdrawal application. If the lender considers that the payment method of the borrowed funds selected in the withdrawal application does not meet the requirements, it has the right to change the payment method or stop the release and payment of the borrowed funds.. 第 9 页 共 23 页 (2) Entrusted payment by the Lender means that the Lender pays the borrowed funds to the Borrower’s counterparty conforming to the purpose agreed herein according to the Borrower’s withdrawal application and payment authorization.. According to the relevant regulations of the CBRC and the internal management regulations of the lender, payment of loan funds meeting one of the following conditions shall be made by the lender as entrusted payment: A. The lender and the borrower establish a new credit business relationship, and the borrower’s credit rating does not meet the lender’s internal requirements; B. When the withdrawal application is made, the payment object is clear (with a clear account and account name) and the amount of a single payment exceeds 0 RMB (excluding, the foreign currency is converted at the actual withdrawal day exchange rate / ) C. Other circumstances specified by the Lender or agreed with the Borrower: (3) Independent payment by the Borrower, that is, after the Lender releases the loan funds to the borrower’s account according to the borrower’s withdrawal application, the borrower pays the loan funds independently to the borrower’s counterparty meeting the purpose agreed in the contract.. Except for the circumstances stipulated in the preceding paragraph, where the lender is to be entrusted with the payment method, other payment methods of the borrowed funds shall be paid by the borrower independently.