Entrusted payment. Entrusted payment means Party A pays the loan amount to Party B’s counter-party meeting the purpose specified herein through Party B’s account according to Party B’s drawdown application and payment entrustment. Party B authorizes Party A to pay the loan funds adopting entrusted payment to Party B’s counter-party through Party B’s account on the date when the loan funds are issued (or the working day after the issuance).
Entrusted payment. 3.4.3.1.1 The Borrower may entrust the Lender to pay the loan to a counterparty of the Borrower for such purpose as specified in the Agreement or in the commercial contracts relating to the use of loan under any of the following circumstances:
Entrusted payment. If a single payment amount of the loan funds exceeds RMB ZERO YUAN (in words), the Lender shall be entrusted to make the payment. The Lender shall, upon approval, pay the loan funds to the Borrower’s trading partner through the Borrower’s account according to the Borrower’s payment power of attorney, corresponding payment vouchers, business contracts and other supporting materials. 2. Self-payment. If the conditions of the Lender's entrusted payment method are not met, the Borrower shall make the payment by itself. The Borrower shall provide the Lender with transaction information related to the payment of loan funds within 30 days after the use of loan funds, and summarize and report the payment of loan funds. The Lender shall have the right to verify whether the loan payment conforms to the agreed purpose by means of account analysis, voucher inspection, on-site investigation, etc. 3. In the payment of the loan under this Contract, if the Borrower's credit status declines, the profitability of its main business is not strong, or the loan funds are used abnormally, etc., the Borrower shall negotiate with the Lender to supplement the loan issuance and payment conditions, or the Lender shall have the right to change the payment method and cease the issuance and payment of the loan funds.
Entrusted payment. In case where payment is in compliance with the conditions of entrusted payment method, the Borrower shall clearly include in its drawdown application such entrust, which shall authorize and entrust the Lender to transfer to drawdown of the Loan from the Borrower’s account to the bank account of the trading party for which the purpose of the Loan is in compliance with the conditions under this Contract, and shall include the name, account number and amount of the payment of the trading party, which is necessary for the entrusted payment.
Entrusted payment. 3.4.3.1.1 In case one of the following circumstances exists, the borrower shall commission the lender to pay the loan to the counterparty of the borrower that is in line with this contract and agreed purpose in the business contract related to use of the loan:
Entrusted payment. (1) When handling the entrusted payment, Party A shall open or designate a special account at Party B to handle the entrusted payment matters.
Entrusted payment. 1.1 Party A entrusts Party B to make the payment and Party A and Party B agree that Party B shall make such payment according to the actual situation of Party C.
Entrusted payment. Method of entrusted payment should be used in one of the following situations that:
Entrusted payment. It is agreed that the entrusted payment method will be employed if it meets the below conditions:
Entrusted payment. Party A submits a Payment Request and related documents to Party B in accordance with the requirements set out in Appendix IV herein; if the request is approved, Party B will pay the relevant sums to a transaction party of Party A for the purpose described in this Contract, in accordance with Party A’s payment request and payment entrustment. If the amount of a single payment requested by Party A is more than 5% of the total investment of the fixed-asset investment project or is in excess of RMB 5 million yuan, Party A shall use Entrusted Payment.
