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

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.