Use of Loan. 3.1 The loan shall be applied to working capitals. The Debtor shall not alter the use of loans without Creditor’s written consent, otherwise or shall the Debtor violate laws and regulations regarding loan use, it shall bear the liabilities arising thereof.
Appears in 3 contracts
Samples: RMB Loan Contract (Toda International Holdings Inc.), RMB Loan Contract (Toda International Holdings Inc.), RMB Loan Contract (Toda International Holdings Inc.)
Use of Loan. 3.1 The loan shall be applied to working capitals. The Debtor shall not alter the use of loans without Creditor’s written consent. Debtor shall not use the loan in the investments of fixed assets and equities, otherwise or shall use the Debtor violate laws and regulations regarding loan use, it shall bear in unauthorized manufacturing or business operations or embezzle the liabilities arising thereofloan proceeds.
Appears in 1 contract
Samples: RMB Working Capital Loan Contract (Toda International Holdings Inc.)
Use of Loan. 3.1 The loan shall be applied to working toworking capitals. The Debtor shall not alter the use of loans without Creditor’s written consent, otherwise or shall the Debtor violate laws and regulations regarding loan use, it shall bear the liabilities arising thereof.
Appears in 1 contract
Samples: RMB Loan Contract (Toda International Holdings Inc.)
