Common use of Notarization Clause in Contracts

Notarization. 14.1 Any notarization expenses incurred at either of these two parties’ request shall be borne by the Debtor. Such notarization shall be performed by competent authorities. 14.2 If Creditor requires possessing a notarization with enforceable power, Debtor shall agree. Creditor may present such notarization to local court for mandatory execution provided that Debtor delays the payment of loan contemplated hereunder in due time. Debtor shall assume all the expenses incurred therefrom and agree on such mandatory execution and relinquishment of any defense right.

Appears in 4 contracts

Sources: RMB Loan Contract (Toda International Holdings Inc.), RMB Loan Contract (Toda International Holdings Inc.), RMB Loan Contract (Toda International Holdings Inc.)

Notarization. 14.1 15.1 Any notarization expenses incurred at either of these two parties’ request shall be borne by the Debtor. Such notarization shall be performed by competent authorities. 14.2 15.2 If Creditor requires possessing a notarization with enforceable power, Debtor shall agree. Creditor may present such notarization to local court for mandatory execution provided that Debtor delays the payment of loan contemplated hereunder in due time. Debtor shall assume all the expenses incurred therefrom and agree on such mandatory execution and relinquishment of any defense right.

Appears in 1 contract

Sources: RMB Working Capital Loan Contract (Toda International Holdings Inc.)