Common use of Payment Supervision Clause in Contracts

Payment Supervision. 1. The Borrower agrees that the Lender has the right to manage and control the payment of the loaned fund through the the methods of entrusted payment by Lender or direct payment by Borrower in accordance with this contract, in order to supervise that the loaned capital is used for the purposes stipulated in this contract. Entrusted payment by Lender means that the Lender, upon the Borrower’s withdrawal applications or payment entrustment, pays the loaned fund to the business counterpart of the Borrower with the usage stipulated in this contract through the Borrower’s account. Direct payment by the Borrower means that the Lender grants the loaned fund into the Borrower’s account based on the withdrawal application; the Borrower pays directly to the counterpart with the usage stipulated in this contract.

Payment Supervision. 1. The Borrower agrees that the Lender has shall have the right to manage and control payments with the payment of the loaned fund loan amount through the the methods of entrusted payment by the Lender or and/or direct payment by Borrower in accordance with this contractthe Borrower, in order to supervise that the loaned capital is used use of the loan for the purposes stipulated in this contractas specified herein. Entrusted payment by the Lender means that the Lender, upon according to the Borrower’s 's withdrawal applications or application and payment entrustment, pays the loaned fund loan amount, through the Borrower's account, to the business counterpart counterparty of the Borrower with in a transaction that meets the usage stipulated in this contract through the Borrower’s accountpurposes as specified herein. Direct payment by the Borrower means that that, after the Lender grants disburses the loaned fund into loan amount to the Borrower’s 's account based on according to the Borrower's withdrawal application; , the Borrower pays directly the loan amount to the counterpart with counterparty in a transaction that meets the usage stipulated in this contractpurposes as specified herein.