Common use of Rights and Obligations of the Lender Clause in Contracts

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.

Appears in 5 contracts

Samples: Loan Agreement (China Linen Textile Industry, LTD), Loan Agreement (China Linen Textile Industry, LTD), Loan Agreement (China Linen Textile Industry, LTD)

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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 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.

Appears in 4 contracts

Samples: Loan Agreement (China Linen Textile Industry, LTD), Loan Agreement (China Linen Textile Industry, LTD), Loan Agreement (China Linen Textile Industry, LTD)

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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 4.73.7, 4.83.8, 4.10 3.10 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.

Appears in 1 contract

Samples: Loan Agreement (Wollemi Mining Corp.)

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