Common use of Call Back the Loan in advance Clause in Contracts

Call Back the Loan in advance. If any of the situations at bellow happens, the Lender has the right to stop paying the loan unused by the Borrower, unilaterally declare that the issued loan principal under the Agreement is expired in advance, and require the Borrower to pay back all the loan principal and interest immediately, and has the right to deduct capital directly from the Borrower’s any account. After the deduction, the Lender shall inform the Borrower timely. If the Borrower can prove that the deducted capital is protected by law specially so it shall not to be deducted, the Lender shall return the capital to the deducted account.

Appears in 16 contracts

Samples: Loan Agreement (Kingold Jewelry, Inc.), Loan Agreement (Kingold Jewelry, Inc.), Loan Agreement (Kingold Jewelry, Inc.)

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