Tip. The lender has specially asked for the attention of the borrower for the complete and accurate understanding of all the items listed in this item, and made explanation to the required clauses. Both parties bear the same understanding to the contract. Lender (Seal) Borrower (Seal) /s/ ▇▇▇▇ ▇▇▇▇▇▇ legal representative or accredited representative Responsible or authorized representative Date: 2009 Year 12 Month 07 Day Location: Nan An Bank of Agricultural Party A (Lender): Fujian Province Baisha Fire Control Industrial Trading Co., Ltd Party B(Borrower): Agricultural Bank of China Nan An City Branch Party C(Guarantor) Fujian Fulian Machinery Co., Ltd. According to China Banking Regulatory Commission (CBRC) “Strictly prohibit any enterprise and personal funds into the stock market, directly or indirectly” after reaching agreement through negotiations, hereby enter into these supplementary provisions: 1. This supplementary provisions shall be taken as supplementary of the loan contract number 35101200900010061 and the contract of guarantee number 359062009000290355 2. Party B shall be in accordance with the purpose of loan listed in the loan contract, must not divert the Credit Funds from Banks into the stock market, directly or indirectly. 3. Should Party B divert the loaded fund under the contract of loan into the stock market, directly or indirectly, Party B shall be held for violation responsibility agreed in the contract of loan, Party A shall be entitled to call in the loan under the contract of loan, overcharge penalty interest to the diverted Credit Funds from Banks, and withhold any new loans to Party B. 4. Party C is willing to bear the liability for guaranteeing, when Party A call in the loan and overcharge penalty interest according to this contract.
Appears in 1 contract
Sources: Loan Agreement (China Yuan Hong Fire Control Group Holdings LTD)
Tip. The lender has specially asked for the attention of the borrower for the complete and accurate understanding of all the items listed in this item, and made explanation to the required clauses. Both parties bear the same understanding to the contract. Lender (Seal) ): Borrower (Seal) ): /s/ ▇▇▇▇ ▇▇▇▇▇▇ legal representative or accredited representative Responsible or authorized representative Date: 2009 2010 Year 12 Jan Month 07 04 Day Location: Nan An Bank of Agricultural Party A (Lender): Fujian Province Baisha Fire Control Industrial Trading Co., Ltd Party B(Borrower): Agricultural Bank of China Nan Nam An City Branch Party C(Guarantor) Fujian Fulian Machinery Hongyuan Group Co., Ltd. Ltd According to China Banking Regulatory Commission (CBRC) “Strictly prohibit any enterprise and personal funds into the stock market, directly or indirectly” after reaching agreement through negotiations, hereby enter into these supplementary provisions:
1. This supplementary provisions shall be taken as supplementary of the loan contract number 35101200900010061 35101201000000002 and the contract of guarantee number 35906200900029035535905200900095895
2. Party B shall be in accordance with the purpose of loan listed in the loan contract, must not divert the Credit Funds from Banks into the stock market, directly or indirectly.
3. Should Party B divert the loaded fund under the contract of loan into the stock market, directly or indirectly, Party B shall be held for violation responsibility agreed in the contract of loan, Party A shall be entitled to call in the loan under the contract of loan, overcharge penalty interest to the diverted Credit Funds from Banks, and withhold any new loans to Party B.
4. Party C is willing to bear the liability for guaranteeing, when Party A call in the loan and overcharge penalty interest according to this contract.
Appears in 1 contract
Sources: Loan Agreement (China Yuan Hong Fire Control Group Holdings LTD)