Rights and Obligations of the Borrower. 1. The Borrower shall have the right to acquire and use the loan as agreed herein.
Rights and Obligations of the Borrower. 1. The Borrower may obtain and use loan in accordance with this Agreement.
Rights and Obligations of the Borrower. 1. 1. Po dobu, po kterou bude vypůjčitel na základě této smlouvy předmět výpůjčky užívat, je povinen předmět výpůjčky užívat řádně v souladu s účelem, ke kterému obvykle slouží, a způsobem přiměřeným povaze a určení předmětu výpůjčky. Je povinen chránit předmět výpůjčky před ztrátou, zničením, poškozením nebo znehodnocením. During the period in which the Borrower shall use the Subject of Loan as set out in this Agreement, the Borrower shall be obligated to use it properly, in accordance with the purpose which it usually serves, and in a manner commensurate with the nature and purpose of the Subject of Loan. The Borrower is obligated to protect the Subject of Loan from loss, destruction, damage or loss of value.
Rights and Obligations of the Borrower. Borrower is entitled to obtain and use the loan pursuant to the agreement. Borrower shall return the principal and interests timely. Borrower can extend the term of the loan when getting the consent of Lender pursuant to the agreement. Consent of Lender should be obtained when any of the Borrower’s guaranties or mortgages on his (her) major assets for a third party is possible to be detrimental to Borrower’s capability of repayment under the agreement. Borrower guarantee all of its statement is true and accurate Borrower bears the relevant fees under the agreement. Prepayment of the Loan: Lender’s consent should be obtained if Borrower is willing to prepay the loan. The interest rate of prepayment shall accord with the agreement. Liabilities of Breach of Contract: Penalty interest rate for delayed repayment: 0.5% of the non-repaid loan per day. Liquidated damages for 20% of the loan shall be imposed on the Company and the guarantor and mortgagor in case of the Company ’s breach of contract etc. Guarantee of the loan: The loan is secured by Mortgage Contract by .the Company. Headlines of the articles omitted
Rights and Obligations of the Borrower. 1. The borrower is entitled to obtain and use the loan according to this contract. Without the approve of the lender, the borrower is not allowed to change the loan usage.
Rights and Obligations of the Borrower. Borrower is entitled to obtain and use the loan pursuant to the agreement. Borrower shall return the principal and interests timely. Borrower can extend the term of the loan when getting the consent of Lender pursuant to the agreement. Consent of Lender should be obtained when any of the Borrower’s guaranties or mortgages on his (her) major assets for a third party is possible to be detrimental to Borrower’s capability of repayment under the agreement. Borrower guarantee all of its statement is true and accurate Borrower bears the relevant fees under the agreement. Prepayment of the Loan: Lender’s consent should be obtained if Borrower is willing to prepay the loan. The interest rate of prepayment shall accord with the agreement. Liabilities of Breach of Contract: Penalty interest rate for delayed repayment: 0.5% of the non-repaid loan per day. Liquidated damages for 20% of the loan shall be imposed on the Company and the guarantor and mortgagor in case of the Company ’s breach of contract etc. Guarantee of the loan: The loan is secured by Mortgage Contract by .the Company. Headlines of the articles omitted Dispute settlement Miscellaneous Effectiveness Mortgage and Guarantee Clause Attention Signature Page Party A (Lender): Shanghai Fuxing Pawnbroker Co., Ltd. Representative: Xxxxxxx Xx By: /seal/ Shanghai Fuxing Pawnbroker Co., Ltd. /s/ Xxxxxxx Xx Date: February 27, 2011 Party B (Borrower): The Fifth Season General Merchandise Investment Management Co., Ltd. Representative: Lide Zhu By: /seal/ the Fifth Season General Merchandise Investment Management Co., Ltd. /s/ Lide Zhu Date: February 27, 2011
Rights and Obligations of the Borrower. 19.1 It may withdraw and use the loans in line with the terms agreed herein.
Rights and Obligations of the Borrower. 4.1 The right to obtain and use the loan in accordance with this Agreement and the corresponding IOU.
Rights and Obligations of the Borrower. 11.1 The Borrower is entitled to request the Lender to disburse the Loan in accordance with the proposed schedule.
