Common use of Drawing of Payables Clause in Contracts

Drawing of Payables. As for all the payables by Party A under this Contract, Party B shall be entitled to draw corresponding money in RMB or other currencies from Party A's accounts opened with China Construction Bank without any further prior notice to Party A. If foreign exchange settlement or purchase-and-sale of foreign exchanges is required, Party A shall be obligated to assist Party B to complete the same at the exchange rate risks of Party A.

Appears in 5 contracts

Samples: Working Capital Borrowing (Sooner Holdings Inc /Ok/), RMB Borrowing Contract (Sooner Holdings Inc /Ok/), Working Capital Borrowing (Sooner Holdings Inc /Ok/)

AutoNDA by SimpleDocs

Drawing of Payables. As for all the payables by Party A under this Contract, Party B shall be entitled to draw corresponding money in RMB or other currencies from Party A's accounts opened with China Construction Bank without any further prior notice to Party A. If foreign exchange settlement or purchase-and-sale of foreign exchanges is required, Party A shall be obligated to assist Party B to complete the same at the exchange rate risks of Party A.

Appears in 3 contracts

Samples: Maximum Guarantee Contract (Sooner Holdings Inc /Ok/), RMB Borrowing Contract (Sooner Holdings Inc /Ok/), Maximum Guarantee Contract (Sooner Holdings Inc /Ok/)

AutoNDA by SimpleDocs

Drawing of Payables. As for all the payables by Party A under this Contract, Party B shall be entitled to draw corresponding money in RMB or other currencies from Party A's accounts opened with China Construction Bank without any further prior notice to Party A. If foreign exchange settlement or purchase-and-sale of foreign exchanges is required, Party A shall be obligated to assist Party B to complete the same at the exchange rate risks of Party A.A. 14

Appears in 1 contract

Samples: www.sec.gov

Time is Money Join Law Insider Premium to draft better contracts faster.