Common use of Withdrawal Instruction Clause in Contracts

Withdrawal Instruction. 9.1 In the event that Borrower is overdue in payment in respect of principal, interest, penalty interest, compound interest or other expenses, Lender is authorized to withdraw the money from any other bank accounts of Borrower with Bank of Communication to setoff the said outstanding payment.

Appears in 12 contracts

Samples: Loan Contract (Fuwei Films (Holdings), Co. Ltd.), Fuwei Films (Holdings), Co. Ltd., Fuwei Films (Holdings), Co. Ltd.

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