Provisions on Deduction. (1) When the Mortgagor has any due and payable debts, the Mortgagee has the right to make deduction directly from any account opened by the Mortgagor with Shanghai Pudong Development Bank Co., Ltd. to pay off such debts.
Provisions on Deduction. 1. The Borrower hereby agrees that, when any debt related to the loan hereunder is due and payable, the Lender shall have the right to directly deduct money from the repayment reserve account opened by the Borrower with Shanghai Pudong Development Bank Co., Ltd. to repay such debt. If the money in the repayment reserve account is insufficient to pay off the debt, the Lender shall have the right to deduct the insufficient portion from any other bank account opened by the Borrower with the branches of Shanghai Pudong Development Bank Co., Ltd.
