Common use of Rights and Obligations of Lender Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan Agreement (Intra Asia Entertainment Corp), Loan Agreement (Intra Asia Entertainment Corp)

AutoNDA by SimpleDocs

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 release to Borrower, pursuant to the schedule, the Loan Amount.

Appears in 1 contract

Samples: Loan Agreement (Intra Asia Entertainment Corp)

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 directly from Borrower's account with Lender. 3.3. Subject to Borrower complying with the terms and conditions of this Loan Agreement, Lender shall deliver release to Borrower, pursuant to the schedule, the Loan Amount.

Appears in 1 contract

Samples: Loan Agreement (Intra Asia Entertainment Corp)

AutoNDA by SimpleDocs

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 as stipulated per this agreement from Borrower, Lender shall have the right to directly 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 release to Borrower, pursuant to the schedule, the Loan Amount.

Appears in 1 contract

Samples: Loan Agreement (Intra Asia Entertainment Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!