Rights and Obligations of the Lender. 1. The Lender shall have the right to get to know information of the Borrower such as production operations, financing activities, goods and materials stock and use of loan. It shall also have the right to require the Borrower to provide documents such as its financial statements, other data and information on time.
Rights and Obligations of the Lender. Lender shall disburse the loan in a timely manner pursuant to the agreement. Lender shall execute the mortgage right in case of breach of contract of the Company.
Rights and Obligations of the Lender. 1. The Lender may be entitled to access the information of the Borrower concerning the business operation, financial activities, inventory and use of loan and may require the periodic provision of financial statement or other materials, instruments or information by the Borrower.
Rights and Obligations of the Lender. 7.1 The Lender has the right to recover the loan principal and interest (including compound interest, penalty interest for overdue loans and misappropriation of loans, etc.) according to this contract, collect the fees payable by the Borrower, decide to recover the loan in advance according to the Borrower’s fund withdrawal, and exercise other rights stipulated by law or this contract.
Rights and Obligations of the Lender. 1. The lender is entitled to acknowledge the borrower’s production and operation, financial activities, inventory and usage of loan, and require the borrower to regularly provide such documents, materials and information as financial statements.
Rights and Obligations of the Lender. 1. The lender shall be entitled to know about the production, operation and finance, storage and loan detail, and ask the borrower for financial report and other documents, material and information
Rights and Obligations of the Lender. Lender is entitled to get the information such as Borrower’s operation, financial activities, inventory and loan usage. Lender could require disclosure of Borrower’s financial status. • Lender can cease to lend the loan or withdraw the loan before the due date in the situation caused by Borrower which would be detrimental to the safety of the loan. • When withdrawing the principal and relevant fees on due or before the due date, Lender could obtain the money from Borrower’s account directly. • In the event of breaches of the agreement by Borrower, Lender can disclose Borrower’s breaches of the agreement publicly when the Borrower do not performance his (her) obligations. • Lender shall disburse the loan in a timely manner pursuant to the agreement. • Rights and obligations of the borrower • Borrower is entitled to obtain and use the loan pursuant to the agreement. • Borrower shall make the balance of the loan through the contracted account pursuant the agreement. • Borrower shall complete the relevant procedure when the loan is a foreign currency loan. • Borrower shall return the principal and interests timely. Borrower can extend the term of the loan when getting the consent of Lender pursuant to the agreement. • Borrower must make the usage of the money in conformity with the purpose of the loan contracted in the agreement. • Borrower should inform the relevant financial information to Lender monthly and cooperate with Lender for the investigation of the loan. • When Borrower’s conduct may be probably detrimental to the debt relationship within the loan agreement, the conduct could only be valid when a written notification has been informed to Lender in advance to get the consent of Lender and the Borrower has made a promise on clearing liability under the agreement. • Consent of Lender should be obtained when any of the Borrower’s guaranties or mortgages on his (her) major assets for a third party is possible to be detrimental to Borrower’s capability of repayment under the agreement. • Borrower and his (her) investors shall not spirit the money, transfer the assets or alien the shares to evade the obligations to Lender pursuant to the agreement. • A written notification should be informed to Lender when there is any alternation of Borrower’s name, legal representative, address and business scope. • When the guaranty capability of Guarantor under the agreement or the value of any mortgaged items under the agreement get detriment, Borrower should offer o...
Rights and Obligations of the Lender. (1) granting the loan to the Borrower in full as scheduled unless the utilisation is deferred due to the Borrower itself or any other reasons not on the part of the Lender;
Rights and Obligations of the Lender. 20.1 It is entitled to inspect and supervise the Borrower’s financial situation, inventory and use of loan funds, and demand the Borrower to provide the documents, materials and information such as financial statement periodically.
Rights and Obligations of the Lender. 10.1 The Lender has full power to decide on the disbursement or not to the Borrower. The notification of disbursement or non-disbursement will be sent to the Borrower via one of the following forms: phone, text message, email, written notice, or otherwise, from time to time. If the notice is made by the phone, the Lender is entitled to record entire or any of discussions between the Lender and the Borrower, and the Borrower hereby acknowledges and agrees that the data recorded by the Lender will be the legal evidence for transaction executed between the Parties.
