Common use of PERFORMANCE OF THE CONTRACT Clause in Contracts

PERFORMANCE OF THE CONTRACT. (1) when the lender transfers the loan to the borrower’s account, it shall be deemed that the lender has fulfilled its obligation to issue the loan. （2） When the lender recovers the principal and interest of the due loan or recovers the principal and interest of the loan in advance according to the contract, it can directly stop the payment from the borrower’s account and deduct the corresponding amount to repay the principal and interest of the loan and expenses.

PERFORMANCE OF THE CONTRACT. (1) The lender shall be deemed to have fulfilled the obligation to disburse the loan when the lender transfers the loan is transferred to the borrower’s account, it shall be deemed that . (2) The lender may directly withhold and deduct the lender has fulfilled its obligation to issue the loan. （2） When the lender recovers the principal and interest of the due loan or recovers the principal and interest of the loan in advance according to the contract, it can directly stop the payment corresponding amounts from the borrower’s account and deduct the corresponding amount to repay the principal, interest, and fees of the loan upon recovering the due principal and interest of or recovering the loan principal and expensesinterest in advance as agreed.

PERFORMANCE OF THE CONTRACT. (1) when When the lender transfers the loan fund to the borrower’s account, it shall be deemed that the lender has fulfilled performed its obligation to issue release the loan. （; (2） When ) The lender can directly deduct funds from the lender recovers borrower’s account to recover the matured principal and interest or recover the principal and interest of the due loan or recovers the principal and interest of the loan in advance according to the contract, it can directly stop the payment from the borrower’s account and deduct the corresponding amount to repay the principal and interest of the loan and expensesagreement.