Common use of Self-Payment Clause in Contracts

Self-Payment. For any proposed utilisation no more than RMB 10,000,000, the Borrower may in its sole and absolute discretion make payment of such Loan proceeds to the relevant third party 1602149 11 Facility Agreement payee by means of "self payment". In case of self payment, the relevant supporting documents (copies of invoices, contracts and/or evidence that the Loan proceeds so requested by the Borrower have been transferred to the relevant payee(s)) for each utilisation shall be provided to the Facility Agent before the 20th day of each month falling between the Utilisation Date and the relevant Repayment Date. The Facility Agent shall send a copy of such supporting documents to the Lenders within five (5) Business Days of receiving the supporting documents from the Borrower.

Self-Payment. For any proposed utilisation no more than RMB 10,000,000, the Borrower may in its sole and absolute discretion make payment of such Loan proceeds to the relevant third party 1602149 11 Facility Agreement payee by means of "“self payment"”. In case of self payment, the relevant supporting documents (copies of invoices, contracts and/or evidence that the Loan proceeds so requested by the Borrower have been transferred to the relevant payee(s)) for each utilisation shall be provided to the Facility Agent before the 20th day of each month falling between the Utilisation Date and the relevant Repayment Date. The Facility Agent shall send a copy of such supporting documents to the Lenders within five (5) Business Days of receiving the supporting documents from the Borrower.