Common use of Repayment Method Clause in Contracts

Repayment Method. 3.7.1.1 The borrower shall deposit the loan principal and interest then due and payable into the repayment account designated by the lender three days prior to the repayment date and irrevocably authorize the lender to make collections from such account.

Appears in 5 contracts

Samples: Working Capital Loan Contract (Qilian International Holding Group LTD), Working Capital Loan Contract (Qilian International Holding Group LTD), Working Capital Loan Contract (Qilian International Holding Group LTD)

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Repayment Method. 3.7.1.1 The borrower shall deposit the loan principal and interest then due and payable into the repayment account designated by the lender three one days prior to the repayment date and irrevocably authorize the lender to make collections from such account.

Appears in 3 contracts

Samples: Working Capital Loan Contract (Planet Image International LTD), Working Capital Loan Contract (Planet Image International LTD), Working Capital Loan Contract (Planet Image International LTD)

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Repayment Method. 3.7.1.1 The borrower shall deposit the loan principal and interest then due and payable into the repayment account designated by the lender three days one day prior to the repayment date and irrevocably authorize the lender to make collections from such account.

Appears in 2 contracts

Samples: Working Capital Loan Contract (China Eco-Materials Group Co. LTD), Working Capital Loan Contract (China Eco-Materials Group Co. LTD)

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