Deduct. 12.1 If the Borrower fails to repay the debts due under this Contract (including those declared due immediately) as agreed, the Borrower agrees that the Lender shall deduct the corresponding amount from all domestic and foreign currency accounts opened by the borrower for repayment until all debts of the Borrower under this Contract are fully repaid.
Appears in 2 contracts
Sources: Working Capital Loan Contract (Greenland Technologies Holding Corp.), Working Capital Loan Contract (Greenland Technologies Holding Corp.)