Notarization. If the Lender requires, each party shall conduct an enforcement notarization to this contract. The Borrower and the security provider agree that after being notarized, this contract has the effect of enforcement. In case the Borrower or the security doe not perform obligations hereunder, the Lender may apply for the execution to the competent People’s Court in accordance with laws.
Appears in 3 contracts
Sources: Loan/Security Contract (China BCT Pharmacy Group, Inc.), Loan/Security Contract (China BCT Pharmacy Group, Inc.), Loan/Security Contract (CHINA BAICAOTANG MEDICINE LTD)