Principles of Repayment. Party A shall repay the borrowing hereunder subject to the following principles: Party B shall be entitled to apply the repayment of Party A to satisfy all fees that have been advanced by Party B but shall be borne by Party A pursuant to this Contract, and the fees used for getting the claims by Party B. And the remaining shall be used for paying the interest accruals in the first instance, and then the principals. However, if the due principals are not repaid for more than 90 days, or if the due interest accruals are not paid for more than 90 days, or if the loan as otherwise provided by laws, regulations or rules is not repaid, Party A shall repay the principals in the first instance, and then pay the interest accruals thereon after paying the above fees.
Principles of Repayment. Repayment of our repayments under this contract shall be made in accordance with the following principles: Party B has the right to use Party A’s repayment firstly to repay the costs agreed in this contract to be borne by Party A but advanced by Party B, as well as the costs for Party B to realise its claims, and the remaining amount shall be repaid in accordance with the principle of repaying the interest first and then the capital, and repaying the interest with the capital. However, for loans with principal overdue for more than ninety days and interest overdue for more than ninety days, or loans otherwise provided for by laws, rules and regulations, Party A’s repayment shall be made in accordance with the principle of repaying the principal before the interest after repaying the above costs.
Principles of Repayment. The repayment of Party A under this Contract shall be maid in accordance with the following principles:
Principles of Repayment. Under this contract, the repayment by Party A shall be distributed according to the following order of priority: Party B has the right to use the repayment by Party A to offset Party B’s cost which Party A should be responsible for under the contract and Party B’s cost in perfecting its creditor’s rights. The balance shall be repaid according to the following principle: interest shall be paid prior to principal and interest shall stop accumulating only when the principal is paid off. For loans, the principals of which are not repaid in full 90 days after the maturity date, or loans, the interests of which are not repaid within 90 days after the due date, or other types of loans specified by relevant laws and regulations, Party A’s repayment funds, after clearing the costs described above, shall be applied to principal first and then to interest.
Principles of Repayment. Unless Party A and Party B reach a written agreement otherwise and notify Party C in writing, the repayment of Party A under the Contract shall be made according to the principle of “interest first and principal later, interest cleared along with principal”.
Principles of Repayment. Repayment under this Contract by Party A should follow the below principles. Party B has the right to use the repayment first on the expenses on the account of Party A under this Contract which are prepaid by Party B, and the relevant expenses at which Party B realized its creditor’s right. The rest part of the repayment is used first to cover the interest, and all the interest is covered together with the clearance of principal. To the loans that repayment of principal is not made within 90 days after the settlement date, repayment of interest is not made within 90 days after the settlement date, or stipulated in other laws, regulations, or rules, Party A should, on the basis of covering the said payment, first pay back the interest and then the principal.
Principles of Repayment. 1. In case of interest accrual on a daily basis, the daily interest rate = the annual interest rate/360, and the interest will accrue based on the actual days of fund occupancy as from the date when the loan fund is allocated.
Principles of Repayment. Unless otherwise agreed upon by the Borrower and the Lender, the following principles shall be complied with: pay the interests first, then the principal; the interests shall be paid off together with the principal.
Principles of Repayment. The proceeds received by Party A from disposal of the documents and the goods represented thereby under the letter of credit/inward collection/imports on cash on delivery shall be first applied to repay the trust receipt loan, and any deficiency shall be paid by Party A with other funds.
