Common use of Rights and responsibilities of Party B Clause in Contracts

Rights and responsibilities of Party B. 7.1 Have the authority to ask party A to pay back the principle and interest under the agreement. 7.2 Have the authority to ask party A to provide the relevant materials that is connected to the use of credit limit. 7.3 Have the authority to find out the operation and finance practice of party A. 7.4 Have the Authority to supervise party A to use sheet credit business and off shit credit business under the agreement the specific contract. 7.5 Have the authority to deduct the due principle and interests under sheet credit business and off sheet credit from the account of party A. 7.6 If party A doesn’t comply with part or several responsibilities of the agreements, party B has the authority to postpone to providing the unused service to it. 7.7 When accidents like clause 6.8 happen, party B has the authority to ask party A to pay back the principle and interests and other relevant fees in and off sheet. 7.8 Providing loans and other credit according to the agreement and the promised conditions under the contract. 7.9 Keeping manufacture, operation and property confidential. Except those provided by law.