Common use of Principles of Repayment Clause in Contracts

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.

Appears in 4 contracts

Samples: Working Capital Borrowing Contract (Sooner Holdings Inc /Ok/), RMB Borrowing Contract (Sooner Holdings Inc /Ok/), Working Capital Borrowing Contract (Sooner Holdings Inc /Ok/)

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Principles of Repayment. Party A shall repay the borrowing hereunder subject to loans under this Agreement based on the following principles: Party B shall be entitled has the right to apply the repayment reimburse all kinds of Party A to satisfy all fees that have been expenses advanced by Party B but for Party A and the expenses occurred by Party B to realize creditor's rights with the repayment first, the remaining part shall be borne by Party A pursuant first used to this Contract, and the fees used for getting the claims by Party B. And the remaining shall be used for paying pay the interest accruals in then to repay the first instanceprincipal, and then with the principalsprinciple of matching the principal repayment. However, if But for the due principals are loan which can not repaid for be collected after the principal is overdue more than 90 days, or if days and the due loan which can not be collected after the interest accruals are not paid for is overdue more than 90 days, or if the loan as days and loans otherwise provided stipulated by laws, regulations or rules is not repaidrules, the amount repaid by Party A shall be first used to repay the principals in the first instance, principal and then to pay the interest accruals thereon after paying the above feesabovementioned expenses having been reimbursed.

Appears in 1 contract

Samples: Renminbi Working Capital Loan Agreement (Sky Digital Stores Corp.)

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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.. 5

Appears in 1 contract

Samples: Working Capital Borrowing Contract

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