Common use of Use of Line of Credit Clause in Contracts

Use of Line of Credit. The fund collection account appointed by the borrower should be used to collect the corresponding sales income or planned repayment fund. If the corresponding sales income is not settled in cash, the borrower should ensure to allocate it to the fund collection account upon receiving it. The borrower should provide the cash flow of the fund collection upon the request from the loaner.

Appears in 6 contracts

Samples: Loan Agreement (CLPS Inc), Current Fund Loan Contract (CLPS Inc), Current Fund Loan Contract (CLPS Inc)

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