Common use of Payment by Owner Clause in Contracts

Payment by Owner. 6.2.1 At any time that the balance of the Receivable Account exceeds 10,000,000 RMB (excluding Service Fee and Receivable Expenses), Servicing Party shall deduct Service Fee and Receivable Expenses, and deposit the remaining sum in the Deposit Account. 6.2.2 At any time it incurs a Receivable Expense, Servicing Party may reimburse said Receivable Expense from the Receivable Account. 6.2.3 Provided that there is no breach of Section 8.2 of this Agreement, and after Servicing Party has verified with Owner the Receivable Expense and the amount of money deposited into the Deposit Account, the remaining sum shall be deemed to be the Service Fee earned by Servicing Party.