Common use of Deduction Clause in Contracts

Deduction. 11.1 Borrower does not repay the due debt in this contract according to this contract(including the debt declared due immediately), the lender has the right to deduct corresponding amount from all the functional and foreign accounts opened at the branches of ICBC, until all the debt of the borrower in this contract are paid off.

Appears in 14 contracts

Samples: Highpower International, Inc., Highpower International, Inc., Highpower International, Inc.

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Deduction. 11.1 9.1 Borrower does not repay the due debt in this contract according to this contract(including the debt declared due immediately), the lender has the right to deduct corresponding amount from all the functional and foreign accounts opened at the branches of ICBC, until all the debt of the borrower in this contract are paid off.

Appears in 1 contract

Samples: Highpower International, Inc.

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