Common use of Entrusted payment Clause in Contracts

Entrusted payment. If a single payment amount of the loan funds exceeds RMB ZERO YUAN (in words), the Lender shall be entrusted to make the payment. The Lender shall, upon approval, pay the loan funds to the Borrower’s trading partner through the Borrower’s account according to the Borrower’s payment power of attorney, corresponding payment vouchers, business contracts and other supporting materials. 2. Self-payment. If the conditions of the Lender's entrusted payment method are not met, the Borrower shall make the payment by itself. The Borrower shall provide the Lender with transaction information related to the payment of loan funds within 30 days after the use of loan funds, and summarize and report the payment of loan funds. The Lender shall have the right to verify whether the loan payment conforms to the agreed purpose by means of account analysis, voucher inspection, on-site investigation, etc. 3. In the payment of the loan under this Contract, if the Borrower's credit status declines, the profitability of its main business is not strong, or the loan funds are used abnormally, etc., the Borrower shall negotiate with the Lender to supplement the loan issuance and payment conditions, or the Lender shall have the right to change the payment method and cease the issuance and payment of the loan funds.

Entrusted payment. If a single payment amount of the loan funds exceeds RMB ZERO YUAN (in words), the Lender shall be entrusted to make the payment. The Lender shall, upon approval, pay the loan funds to the Borrower’s trading partner through the Borrower’s account according to the Borrower’s payment power of attorney, corresponding payment vouchers, business contracts and other supporting materials. 2. Self-payment. If the conditions of the Lender's ’s entrusted payment method are not met, the Borrower shall make the payment by itself. The Borrower shall provide the Lender with transaction information related to the payment of loan funds within 30 days after the use of loan funds, and summarize and report the payment of loan funds. The Lender shall have the right to verify whether the loan payment conforms to the agreed purpose by means of account analysis, voucher inspection, on-site investigation, etc. 3. In the payment of the loan under this Contract, if the Borrower's ’s credit status declines, the profitability of its main business is not strong, or the loan funds are used abnormally, etc., the Borrower shall negotiate with the Lender to supplement the loan issuance and payment conditions, or the Lender shall have the right to change the payment method and cease the issuance and payment of the loan funds.