Direct Debit Right. Party B is entitled to debit, without prior notice to Party A, any account of Party A at China Construction Bank in RMB or other currencies to pay all amounts payable under the Contract. Party A shall assist Party B to complete any procedures for foreign exchange settlement or sale, and Party A shall bear the risk of exchange rate fluctuation.
Appears in 8 contracts
Samples: Loan Agreement, RMB Loan Agreement (Applied Optoelectronics, Inc.), RMB Loan Agreement (Applied Optoelectronics, Inc.)
Direct Debit Right. Party B is entitled to debit, without prior notice to Party A, any bank account of Party A at China Construction Bank in RMB or other currencies to pay all amounts payable under the this Contract. Party A shall assist Party B to complete any procedures for foreign exchange settlement or sale, and Party A shall bear the risk of exchange rate fluctuation.
Appears in 2 contracts
Samples: Hardinge Inc, Viasystems Inc
Direct Debit Right. Party B C is entitled to debit, without prior notice to either Party AA or Party B, any account of Party A or Party B at China Construction Bank in RMB or other currencies to pay all amounts payable to Party C by Party A or Party B under the this Contract. Party A or Party B shall assist Party B C to complete any procedures for foreign exchange settlement or sale, and Party A or Party B shall bear the risk of exchange rate fluctuation.
Appears in 1 contract
