Rights and Obligations of Lender. 6.1 Lender has the right to be repaid the principal, receive interest (including compound, overdue and appropriated penalty interest) and the necessary expenses from the Borrower in accordance with this Contract. Lender has the right to exercise any other rights under the relevant laws and regulations or stipulated in this Contract.
6.2 Lender shall only conduct routine review for documents provided by Borrower and it shall not be liable for any failure of entrusted payment by Borrower caused by incomplete, fault documents. Except as otherwise specified under this contract, Lender shall keep all the financial and operation data and information confidential unless compelled by requirements of applicable laws and regulations.
6.3 Lender shall not be liable for any failure in loan release or payment caused by freezing of the Borrower’s loan release account or Borrower's trading partner’s account or any reasons otherwise.
Rights and Obligations of Lender. 5.1 Lender has the right to be repaid the principal, receive interest (including compound, overdue and appropriated penalty interest) and the necessary expenses from the Borrower in accordance with this Contract. Lender has the right to exercise any other rights under the relevant laws and regulations or stipulated in this Contract.
5.2 Except as otherwise specified under this contract, Lender shall keep all the financial and operation data and information confidential unless compelled by requirements of applicable laws and regulations.
Rights and Obligations of Lender. 1. The Lender shall have the right to keep informed of conditions of the Borrower’s business and financial activities as well as inventories of materials and use of the Loan, and to require the Borrower to provide financial statements as well as other materials and information on a regular basis.
2. When the Borrower incurs any of the unfavorable actions or situations set forth in provisions including without limitation to Sub-clauses 7, 8 and 10 of Article IV herein that is sufficient to endanger security of the Loan, the Lender may suspend release of the Loan or recover it earlier.
3. When recovering principal, interest, penal interest, compound interest of the Loan and other fees and charges payable by the Borrower as contracted herein or earlier than scheduled, the Lender may transfer the amounts to be so recovered from any account of the Borrower.
4. When the amount paid by the Borrower is insufficient to pay off the sum due and payable hereunder, the Lender may opt to use the amount to pay the principal, interest, penal interest, compound interest or fees and charges of the Loan.
5. If the Borrower has failed to fulfill the obligation of paying the Loan, the Lender may publicly disclose the Borrower’s default.
6. The Lender shall release the Loan to the Borrower in full amount and on time as agreed herein.
Rights and Obligations of Lender. The Lender may, upon request from the Borrower, in the Lender’s sole and absolute discretion upon the terms herein, make one or more Individual Loans to the Borrower from time to time during the period from the date of this Agreement up to and the Expiration Date.
Rights and Obligations of Lender. 3.1. Lender shall have the right to examine Borrower's production operations, financial affairs, inventory and the use of loan funds and to request that Borrower provide, in a timely manner, to Lender all documents, materials and information related to the finances of Borrower.
3.2. When Lender collects, upon or prior to the due dates, the Principal, interest, penalty interest, overdue interest, compound interest and other fees from Borrower, Lender shall have the right to transfer funds from Borrower's account with Lender.
3.3. Subject to Borrower complying with the terms and conditions of this Loan Agreement, Lender shall deliver to Borrower, pursuant to the schedule, the Loan Amount.
Rights and Obligations of Lender. (1) Unless otherwise provided in this Agreement, each Lender may exercise its rights under this Agreement separately from and independently upon other Lenders.
(2) Each Lender shall disburse the Individual Advance of such Lender on the Disbursement Date.
(3) Unless otherwise provided in this Agreement, the obligations of each Lender under this Agreement are several and independent of the obligations of the other Lenders. Therefore, no Lender may be released from its obligations hereunder on account of other Lenders not performing such obligations, nor is any Lender liable for the non-performance of the obligations hereunder of any other Lender.
Rights and Obligations of Lender. I. Allowed to require borrower to provide materials regarding production and operation and financial and accounting statements, and check and supervise production and operation, environment protection and social risk management, financial activities, loan use and the like of borrower.
II. If borrower fails to repay based on agreements (including lender declaring based on the contract that loan matures earlier), lender is entitled to directly divide and collect corresponding amount in RMB or other currency from the account opened by borrower in the system of Fujian Rural Credit Cooperation (including Rural Commercial Bank). Lender shall notify (without a prior notice) borrower of content of relevant deducted amount. If the deducted amount is expressed in a foreign currency, lender is entitled to translate the amount into amount in RMB for repayment based on bank purchase price of exchange quotation issued by the system of Fujian Rural Credit Cooperative (including Rural Commercial Bank) at the time of deduction. If borrower owes debts beyond the contract to lender, lender is entitled to decide the debt repayment order of the said deducted amount.
III. Lxxxxx is entitled to monitor inflow and outflow of fund in the fund withdrawal account of borrower agreed in the contract. In case of abnormal fund transaction and red flags for operation, management, finance, capital flow and the like of borrower, lender is entitled to recover the loan in advance and require borrower to take such measures as security increasing.
IV. Timely and fully release loan based on the contract, unless national policy adjustments and other events not due to lender occur.
V. Based on requirements of borrower, keep confidential trade secrets related to production and operation and other information that shall be kept confidential of borrower, unless used within the lender and otherwise specified by the state.
VI. Lender is entitled to, in accordance with laws and regulations and the contract, participate in large-amount financing, asset sale and merger, separation, shareholding system transformation, bankruptcy and liquidation and other activities of borrower, and protect creditor’s right of lender.
VII. Lxxxxx is entitled to decide the repayment order of principal, interest, default interest, compound interest or relevant expenses of a creditor’s right.
VIII. If borrower is unable to process loan, repayment or inquiry due to force majeures or accidents such as system failure, equipment ...
Rights and Obligations of Lender. 1. The Lender is entitled to know the production, operation, financial activities, material storage, usage of the loan etc. of the Borrower. The Lender is also entitled to demand the Borrower to regularly provide the relevant documentation, information and materials such as the financial report etc.
2. In case of any negative circumstance which may impair the timely repayment of the loan, including but not limited to the circumstances stated in clause 7, 8, 10 of Article 4 of this Contract, the Lender is entitled to withhold the granting of the loan or demand prepayment of the loan.
Rights and Obligations of Lender. (1) The Lender shall grant to the Borrower the loan under this Contract in accordance with the schedule and amount set forth in this Contract provided that the Borrower has performed its obligations under this Contract and has completed relevant guarantee procedures to secure the loan under this Contract;
(2) The Lender shall not charge any other fees other than those set forth in this Contract;
(3) The Lender shall keep confidential of all and any information disclosed by the Borrower under this Contract;
(4) The Lender shall have the right to know such information as the production, operation, financial activities, material inventory and the employment of loan of the Borrower, and have the right to request the Borrower to submit such documents, data and information as financial statements as required;
(5) In the event that the Lender recovers in accordance with this Contract or recovers in advance the principal of the loan, interests thereon, any interest penalty, overdue interests, compound interests, and other fees payable by the Borrower, the Lender shall have the right to deduct such amount directly from the account of the Borrower or the Guarantor, and shall have the right to request other account banks (institutions) to withhold such amount or to require the Borrower or the Guarantor to repay the loan in advance through any applicable legal procedures.
Rights and Obligations of Lender. 15.1 The rights of the lender
(1) To collect the principal, interest and other accounts receivable according to this agreement.
(2) Daily management of the loan by itself or through a third party hired by the lender, including but not limited to understand the operation, financial activity, check the relevant accounts, require the borrower to provide financial statement, discuss the company matters, financials and statement with the managers, directors and auditors of the borrower.
(3) To urge the payment if the borrower does not pay the principal and interest of the debt in full on time (include but not limited to collect through text message, email or telephone); all costs relevant to collection shall be paid by the borrower.
(4) If any event under section 14.2(16)(18) happens which the lender believes may threaten its creditor rights, or the borrower breaches this agreement, the lender has the right to announce the loan due early and require the borrower to repay the principal and interest in full immediately.
(5) Other rights according to this agreement.
15.2 The obligation of the lender
(1) Transfer the trust loan to the bank account designated by the borrower from trust properties account according to the agreement, except for the delays caused by the borrower or not caused by the lender
(2) Keep confidence for borrower’s confidential business and financial materials unless otherwise required by the Laws, government authorities or agreed by the parties.
