Repayment Account. Upon notice to it that any ACS Group Loans or any Class E Securities are to be wholly or partially repaid pursuant to Section 3.09 hereof or of the Guarantor Intercreditor Agreement, the Administrative Agent shall cause the Operating Bank to establish and maintain a Repayment Account pursuant to Section 3.01(a) hereof or of the Guarantor Intercreditor Agreement in the name of the Collateral Agent for the benefit of the Holders. All amounts received for the purpose of any such repayment shall be deposited in the Repayment Account.
Repayment Account. The Borrower shall open a repayment account with the Lender or any branch of Bank of Ningbo, deposit in full the amount of the repayment of the principal and interest into the repayment account before the date of each repayment of the principal and interest, and authorize the Lender to deduct the amount from the repayment account. The specific repayment account shall be the repayment account listed in the loan memorandum.If the borrower has outstanding principal and interest or other expenses of the loan, it shall promptly deposit them into the repayment account and authorize the lender to deduct them at any time.If the quoted interest rate of the loan market (LPR) changes, the borrower shall timely and fully deposit the principal and interest payment, otherwise all consequences caused by this, including but not limited to additional penalty interest and adverse impact on the Borrower’s credit record, shall be borne by the Borrower and have nothing to do with the lender.If the repayment account is reported as loss, frozen, stopped payment or settled, or the borrower needs to change the repayment account, the borrower shall go through the procedures of changing the repayment account at the lender.Before the change procedures take effect, If the borrower fails to handle the change procedures of the repayment account in time or fails to handle the repayment at the counter in time and fails to pay off the principal and interest of the due loan and other expenses in time, the borrower shall bear the liability for breach of contract.
Repayment Account. The information of repayment account shall be stipulated in the individual credit documents.
Repayment Account. The Borrower shall make all repayments in respect to the Secured Obligations into such bank account(s) as may be maintained by the Borrower with the Bank, and as may be acceptable to the Bank.
Repayment Account. The borrower should repay the principal and interest to the following account designed by the lender: Account Name: Zhongrong International Trust Co., Ltd. Bank Name: Xi’an Bank Xi’an Chengxi Branch Account Number: xxxxxxxxxxxxxxx158
Repayment Account. 19.4.1 Any amounts of principal to be repaid by a Borrower pursuant to clause 8.1 (Repayment) or amounts of interest to be paid by a Borrower pursuant to clause 7.1 (Interest Rate) shall be paid by that Borrower into the relevant Repayment Account two (2) Business Days before each relevant Repayment Date or Interest Payment Date. Any other amounts payable by a Borrower to any of the Finance Parties under this Agreement or any of the Finance Documents from time to time shall be paid by that Borrower into the relevant Repayment Account on the date of which such amounts fall due.
Repayment Account. One of the Co-Borrowers shall establish the Repayment Account with the Facility Agent and Collateral Agent prior to the Drawdown Date and complete the pledge of the Repayment Accounts to the Facility Agent and Collateral Agent respectively in accordance with Section 11.4 of this Agreement. The Co-Borrowers shall procure or maintain the total balance in the Repayment Accounts not less than the amount of interest payable by the Co-Borrowers for the subsequent six months pursuant to this Agreement at any time from the Drawdown to the end of the Contract Period.
Repayment Account. Either Co-Borrower shall, prior to the Drawdown, execute the Account Pledge Agreement (in the form of Appendix 9 hereto) to create a first priority pledge over the Repayment Accounts respectively in favor of the Facility Agent and the Collateral Agent with the maximum secured amount of Eighty Billion New Taiwan Dollars (NT$80,000,000,000) each for the Facility Agent and the Collateral Agent to hold and enjoy such security interests as joint and several creditor for the benefits of the Lenders. The Co-Borrower opening the Repayment Accounts agrees that the ascertainment date of the secured obligations under the aforementioned account pledge with maximum secured amount shall be twenty (20) years from the date of creation of the account pledge and agrees to waive its rights under Article 881-7 of the Civil Code, which applies mutatis mutandis to Article 899-1 of the same.
Repayment Account i. The Borrower shall open a Repayment Account with the Agent and sign a Repayment Account Pledge Agreement (in the form of Attachment 6) with the Agent, creating a maximum-limit pledge on the interest in such account for the benefit of the Agent. The Borrower shall ensure that the balance of such account shall be maintained at all times with an amount equivalent to at least 3 installments of interest payable calculated from the balance amount of principal drawn down under this Credit Facility at the end of the previous month (“Minimum Amount”).
Repayment Account. The Borrower shall open an account for Loan repayment at the Lender or any branch of the Bank of Ningbo. All branches share the same aforesaid rights to the Borrower.
