Transfer the Amount Payable Sample Clauses

Transfer the Amount Payable. For all amount payable by the Borrower under this Agreement, the Lender is entitled to transfer corresponding amount in RMB or other currencies from the Borrower’s account opened in any of the outlets under the jurisdiction of Jilin Province Rural Credit Union and does not need to notify the Borrower in advance. If any necessity to proceed with procedures of exchange, settlement and sales and foreign exchange transactions, the Borrower has an obligation to assist the Lender to proceed with this procedures. The risk on exchange rate shall be borne by the Borrower.