Rights and Obligations of the Lender. Lender shall disburse the loan in a timely manner pursuant to the agreement. Lender shall execute the mortgage right in case of breach of contract of the Company.
Rights and Obligations of the Lender. 1. The Lender may be entitled to access the information of the Borrower concerning the business operation, financial activities, inventory and use of loan and may require the periodic provision of financial statement or other materials, instruments or information by the Borrower.
2. the Lender may be entitled to suspend the provision of loan or require the early recovery of loan if any event occurred, particularly but not limited to the events listed in Article 4.7, 4.8, 4.10 herein, which may prejudice the safety of loan.
3. Any early-recovered principal, interests, penalties, compound interests and any other payment due to the Lender may be deducted by the Lender directly from the bank account of the Borrower.
4. If the amount paid by the Borrower fails to satisfy the requirements hereunder, the Lender may, at its sole discretion, use such amount for the payment of principal, interests, penalties, compound interests or other expenses.
5. The Lender may disclose the breach of the Borrower if the Borrower fails to make the due payment hereunder.
6. The Lender shall provide loan to the Borrower in accordance with this Agreement.
Rights and Obligations of the Lender. 7.1 The Lender has the right to recover the loan principal and interest (including compound interest, penalty interest for overdue loans and misappropriation of loans, etc.) according to this contract, collect the fees payable by the Borrower, decide to recover the loan in advance according to the Borrower’s fund withdrawal, and exercise other rights stipulated by law or this contract.
Rights and Obligations of the Lender. 1. The Lender shall have the right to get to know information of the Borrower such as production operations, financing activities, goods and materials stock and use of loan. It shall also have the right to require the Borrower to provide documents such as its financial statements, other data and information on time.
2. Where the Borrower is under any of the following circumstances specified in Item 7, Item 8 and Item 10 of Article 4 hereof (including but not limited to) which are enough to influence the security of loan, the Lender may stop to provide loan or take the loan back prior to the time limit as agreed.
3. When taking back or taking back the principal, interest, default interest, compound interest of the loan and other expense payable from the Borrower prior to the time limit as agreed, the Lender may transfer said amount of money from any accounts of the Borrower.
4. Where the money repaid by the Borrower is not enough for the repayment of the amount payable hereunder, the Lender may choose to repay the principal, interest, default interest, compound interest of said loan or other expenses with said amount of money.
Rights and Obligations of the Lender. 1. The lender shall be entitled to know about the production, operation and finance, storage and loan detail, and ask the borrower for financial report and other documents, material and information
2. The lender is entitled to withhold the loan or call in ahead if the borrower violates the items listed but not limited in Item 7, 8, 10 in Article Four, which is threatening the loan security.
3. The lender is entitled to charge in the borrower’s account for the loan and interest, penalty interest, compound interest and other accrued expenses stated in this contract.
4. The lender is entitled to decide the money paid back should be for the loan, interest, penalty interest, compound interest or other accrued expenses if the amount paid by the borrower is not sufficient to the due amount.
5. The lender is entitled to public the borrower’s violation if the borrower fails to fulfill the repayment obligations.
6. The lender is entitled to release loan to the borrower according to the items in this contract.
Rights and Obligations of the Lender. 2.1 The Lender has the right to recover or withdraw in advance the loan principal, interest, compound interest, penalty interest and other claims in accordance with this Agreement and the relevant loan ownership agreement.
2.2 The Lender shall have the right to know the borrower’s production and operation, financial activities, material inventory and loan use, check the use and management of collateral at any time, require the borrower to provide true and complete financial statements and other documents, materials and information on a monthly basis, and shall have the right to use the Bank’s credit investigation system or other institutions and systems in accordance with relevant regulations. Query, print, save, and use the borrower’s basic information and credit report.
2.3 During the term of this Agreement, if any of the following occurs to the Borrower or its affiliates or actual controller, the Lender shall have the right to hold that all the credit granted by the Borrower to the Lender, including but not limited to loan, discount, acceptance of bank acceptance, international trade financing, bank guarantee, etc., are due in advance. And has the right to
(1) terminate the relevant agreements and agreements signed with the Borrower in advance, including but not limited to this Agreement；
(2) stop the issuance of new loans, declare the loans under this Agreement to expire in advance, and recover all loan principal, interest and fees in advance；
(3) Directly deduct the corresponding amount from any account of the Borrower to repay the principal, interest and fees of the loan and notify the borrower；
(4) Other security measures that require additional approval by the lender；
(5) bring a suit to the people’s court, and take such measures as sealing up, freezing and withholding of assets；
(6) Other asset preservation xxxxxxxx.Xx the same time, all branches of Bank of Ningbo also enjoy the above rights to the borrower.
(1) The borrower has ceased production, closed down its business, been dissolved, been taken over, cancelled its registration, may be sued for bankruptcy, has been shut down for whole collection, has had its business license revoked or has been revoked；
(2) The Borrower conceals material facts related to the conclusion of this Agreement or provides false information, circumstances, statements or information containing false information: or provides false statements, vouchers, documents and other materials to the Lender during the term of this ...
Rights and Obligations of the Lender. Lender is entitled to get the information such as Borrower’s operation, financial activities, inventory and loan usage. Lender could require disclosure of Borrower’s financial status. • Lender can cease to lend the loan or withdraw the loan before the due date in the situation caused by Borrower which would be detrimental to the safety of the loan. • When withdrawing the principal and relevant fees on due or before the due date, Lender could obtain the money from Borrower’s account directly. • In the event of breaches of the agreement by Borrower, Lender can disclose Borrower’s breaches of the agreement publicly when the Borrower do not performance his (her) obligations. • Lender shall disburse the loan in a timely manner pursuant to the agreement. • Borrower is entitled to obtain and use the loan pursuant to the agreement. • Borrower shall make the balance of the loan through the contracted account pursuant the agreement. • Borrower shall complete the relevant procedure when the loan is a foreign currency loan. • 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. • Borrower must make the usage of the money in conformity with the purpose of the loan contracted in the agreement. • Borrower should inform the relevant financial information to Lender monthly and cooperate with Lender for the investigation of the loan. • When Borrower’s conduct may be probably detrimental to the debt relationship within the loan agreement, the conduct could only be valid when a written notification has been informed to Lender in advance to get the consent of Lender and the Borrower has made a promise on clearing liability under 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 and his (her) investors shall not spirit the money, transfer the assets or alien the shares to evade the obligations to Lender pursuant to the agreement. • A written notification should be informed to Lender when there is any alternation of Borrower’s name, legal representative, address and business scope. • When the guaranty capability of Guarantor under the agreement or the value of any mortgaged items under the agreement get detriment, Borrower should offer other guaranty or mortgage accepted by Len...
Rights and Obligations of the Lender. 1. The Lender has the right to understand circumstances related to the Borrower’s production operations, financial activities, inventory levels, and usage of the loan proceeds, and to require the Borrower to submit relevant documents, materials, and information, such as financial statements etc., on a periodic basis.
2. Upon the occurrence of adverse actions or situations on the part of the Borrower that is material enough to affect the safety of the loan, including, without limitation, the actions and situations listed under 7, 8, and 10 of Article 4, the Lender may suspend drawdown of the loan or recall loan amount drawn down earlier.
3. The Lender may withhold and collect from any of the Borrower’s accounts directly when retrieving or retrieving in advance loan principal, interest, default interest, compound interest, and other expenses payable by the Borrower pursuant to this Agreement.
4. Where the amount repaid by the Borrower is not sufficient to pay off the amount payable under this Agreement, the Lender may choose to use such amount to repay any of the principal, interest, default interest, compound interest, or expense(s).
5. If the Borrower fails to perform its obligation of repayment, the Lender may make public disclosure of such breach of contract by the Borrower.
6. The Lender shall issue the loan amount to the Borrower in full as scheduled pursuant to this Agreement.
Rights and Obligations of the Lender. 1. The Lender shall have the right to know the Borrower’s production and operation, financial activities, inventory of materials and use of loans, etc. and to require the Borrower to provide documents, materials and information including financial statements on schedule.
2. Provided the Borrower performs the obligations provided hereunder, the Lender shall provide the loan in full and on schedule.
3. The Lender shall provide, regarding interest of the loan, value-added tax invoices in accordance with tax regulations.
Rights and Obligations of the Lender. 1. The lender is entitled to acknowledge the borrower’s production and operation, financial activities, inventory and usage of loan, and require the borrower to regularly provide such documents, materials and information as financial statements.
2. If adverse actions or situations occurred on the side of borrower that can affect the safety of loan including, but not limited to what have been listed under Item 7,8 and 10 under Section 4, then the lender can stop distributing the loan or collect the loan in advance.
3. According to this agreement, if the principal, interest, compound interest and other expenses payable by borrower are collected or collected in advance, lender can directly withhold from any accounts of borrower.
4. When the amounts paid by borrower can not pay off the payables under this agreement, lender can use this amounts to pay principal, interest, penalty interest or expense.
5. If borrower can not perform its obligation of repayment, lender can disclose publicly the action of breach by borrower.
6. According to the agreement, lender should distribute the loan at full value on schedule.
