Common use of Borrower’s Rights Clause in Contracts

Borrower’s Rights. 1. Borrower has right to take out and use full amount of loan as contracted; 2. Borrower has right to refuse any additional item which is not include in the contract; 3. After receiving written consent from lender, borrower has right to transfer this loan to third party.

Appears in 2 contracts

Sources: Loan Agreement (Toda International Holdings Inc.), Loan Contract (Toda International Holdings Inc.)