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

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.