Entrusted payment. Where the single payment amount exceeds RMB ____ (handwritten in original), entrusted payment shall be adopted. The Borrower shall provide the payment instruction and supporting payment documents (including but not limited to trade contracts). Upon approval, the Lender will transfer the funds from the Borrower’s account to the Borrower’s counterparty.
Appears in 5 contracts
Sources: Working Capital Loan Contract (WORK Medical Technology Group LTD), Working Capital Loan Contract (WORK Medical Technology Group LTD), Working Capital Loan Contract (WORK Medical Technology Group LTD)