Common use of Payment of Loan Clause in Contracts

Payment of Loan. 5.1 The loan under this Contract shall be paid in the second way as follows: (1) Self-payment, that is, the Lender shall directly transfer the loan funds to the loan issuing account stipulated in Article 4 of the Contract Element Clauses (2) Entrusted payment, that is, the Lender, according to the payment entrust of the Borrower and upon examination and approval, transfers the loan funds conforming to the agreed purpose of this Contract to the designated transaction object of the Borrower through the loan release account stipulated in Article 4 of the Contract Element Clauses. ZHONGGUANCUN BANK Loan Contract (applicable to offline single loan business) - 2022V1.0 (3) Entrusted payment shall be adopted if the following conditions are met, and the self-payment shall be adopted for the others: The entrusted payment condition is that the single payment amount of the Lender is more than RMB / ten thousand (inclusive). (4) The Lender shall determine the payment method according to the Borrower’s withdrawal application, loan purpose, relevant laws, regulations, regulatory provisions and the Lender’s own risk management requirements. (5) Others: /

Appears in 2 contracts

Samples: Loan Contract (Autozi Internet Technology (Global) Ltd.), Loan Contract (Autozi Internet Technology (Global) Ltd.)

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Payment of Loan. 5.1 The loan under this Contract shall be paid in the second way as follows: (1) Self-payment, that is, the Lender shall directly transfer the loan funds to the loan issuing account stipulated in Article 4 of the Contract Element ClausesClauses ZHONGGUANCUN BANK Loan Contract (applicable to offline single loan business) - 2021V1.0 (2) Entrusted payment, that is, the Lender, according to the payment entrust of the Borrower and upon examination and approval, transfers the loan funds conforming to the agreed purpose of this Contract to the designated transaction object of the Borrower through the loan release account stipulated in Article 4 of the Contract Element Clauses. ZHONGGUANCUN BANK Loan Contract (applicable to offline single loan business) - 2022V1.0. (3) Entrusted payment shall be adopted if the following conditions are met, and the self-payment shall be adopted for the others: The entrusted payment condition is that the single payment amount of the Lender is more than RMB / ten thousand (inclusive). (4) The Lender shall determine the payment method according to the Borrower’s withdrawal application, loan purpose, relevant laws, regulations, regulatory provisions and the Lender’s own risk management requirements. (5) Others: /

Appears in 2 contracts

Samples: Loan Contract (Autozi Internet Technology (Global) Ltd.), Loan Contract (Autozi Internet Technology (Global) Ltd.)

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