Common use of Rights and Obligations of Party A Clause in Contracts

Rights and Obligations of Party A. 8.1 Party A shall have the following rights: 8.1.1 To require Party B to make payment of the principal and interest of the Loan when they become due; 8.1.2 To require Party B to provide any information relating to the Loan; 8.1.3 To look into the operations and financial activities of Party B; 8.1.4 To supervise Party B on its usage of the Loan for the purpose prescribed herein; 8.1.5 To deduct the principal and interest of the Loan directly from Party B’s account; 8.1.6 To require Party B to prepay the Loan before due date or stop Party B from making further drawdown in accordance with the provisions hereof if Party B is in default of performance of its obligations hereunder; 8.1.7 To require Party B to pay in full the principal and interest of the Loan and all other relevant expenses hereunder immediately, to transfer all the debts hereunder to an assignee acceptable to Party A, or to provide/increase security acceptable to Party A if Party B is found to have been in any of the situations specified in Clause 7.2.6. 8.2 Party A shall undertake the following obligations: 8.2.1 To grant the Loan to Party B upon the terms stated in this Contract; 8.2.2 To keep Party B’s indebtedness, financial, production and operational conditions confidential unless otherwise required by law.