Common use of Change of Payment Method Clause in Contracts

Change of Payment Method. Under any of the following circumstances, Party B shall have the right to change the payment method of loan funds, including but not limited to adjusting the applicable circumstances of entrusted payment (for example, adjusting the amount standard for entrusted payment), changing the payment method of a single loan, etc.: 1. Party A has any breach of contract as agreed in this Contract; 2. Any circumstance specified in this Contract that may endanger the creditor’s rights of Party B occurs; 3. Other circumstances in which Party B considers it necessary to change the payment method of loan funds. Where Party B changes the payment method, Party A shall fulfill its obligations of submitting related materials again, etc. according to the provisions of this Contract and Party B’s requirements.

Appears in 6 contracts

Sources: Loan Contract (Gracell Biotechnologies Inc.), Loan Contract (Gracell Biotechnologies Inc.), Loan Contract (Gracell Biotechnologies Inc.)

Change of Payment Method. Under any of the following circumstances, Party B shall have has the right to change the payment method of loan fundsfunds under any of the following conditions, including but not limited to adjusting the applicable circumstances of entrusted payment (for example, e.g. adjusting the amount standard for of entrusted payment), changing the payment method of a the disbursement of single loan, etc.: 1. Party A has breaches any breach of contract as agreed in the provisions of this ContractAgreement; 2. Any circumstance specified in this Contract that may endanger the creditor’s 's rights of Party B stipulated in this Agreement occurs; 3. Other circumstances in which where Party B considers it necessary to change the payment method of the loan funds. Where Party A shall perform the obligation of re-submission of materials in accordance with the provisions of this Agreement and the requirements of Party B on condition that Party B changes the payment method, Party A shall fulfill its obligations of submitting related materials again, etc. according to the provisions of this Contract and Party B’s requirements.

Appears in 1 contract

Sources: RMB Credit Line Loan Agreement (UTime LTD)

Change of Payment Method. Under any of the following circumstances, Party B shall have has the right to change the payment method of loan fundsfunds under any of the following conditions, including but not limited to adjusting the applicable circumstances of entrusted payment (for example, e.g. adjusting the amount standard for of entrusted payment), changing the payment method of a the disbursement of single loan, etcand so on.: 1. Party A has breaches any breach of contract as agreed in the provisions of this Contract; 2. Any circumstance specified in this Contract that may endanger the creditor’s rights of Party B stipulated in this Contract occurs; 3. Other circumstances in which where Party B considers it necessary to change the payment method of the loan funds. Where Party A shall perform the obligation of re submission of materials in accordance with the provisions of this Contract and the requirements of Party B on condition that Party B changes the payment method, Party A shall fulfill its obligations of submitting related materials again, etc. according to the provisions of this Contract and Party B’s requirements.

Appears in 1 contract

Sources: Credit Line Loan Agreement (UTime LTD)

Change of Payment Method. Under any of the following circumstances, Party B shall have has the right to change the payment method of loan fundsfunds under any of the following conditions, including but not limited to adjusting the applicable circumstances of entrusted payment (for example, e.g. adjusting the amount standard for of entrusted payment), changing the payment method of a the disbursement of single loan, etc.: 1. Party A has breaches any breach of contract as agreed in the provisions of this ContractAgreement; 2. Any circumstance specified in this Contract that may endanger the creditor’s rights of Party B stipulated in this Agreement occurs; 3. Other circumstances in which where Party B considers it necessary to change the payment method of the loan funds. Where Party A shall perform the obligation of re-submission of materials in accordance with the provisions of this Agreement and the requirements of Party B on condition that Party B changes the payment method, Party A shall fulfill its obligations of submitting related materials again, etc. according to the provisions of this Contract and Party B’s requirements.

Appears in 1 contract

Sources: RMB Credit Line Loan Agreement (UTime LTD)