Common use of Utilization conditions Clause in Contracts

Utilization conditions. For the utilization under this Contract, the Lender shall meet the following conditions: 1. the Borrower has not violated its obligations and responsibilities under this Contract; 2. there is no adverse change in the financial condition of the Borrower that may endanger, delay or prevent it from performing its obligations and responsibilities under this Contract; 3. there is no breach of contract hereunder; 4. the guarantee remains effective, and there is no adverse change to the Lender in the guaranty capacity of the Guarantor or the guaranty capacity or value of the property; 5. the Borrower has opened the relevant accounts as required by the Lender; other conditions required by the Lender: _________________________________________.

Utilization conditions. For the utilization under this Contract, the Lender shall meet the following conditions: 1. the Borrower has not violated its obligations and responsibilities under this Contract; 2. there is no adverse change in the financial condition of the Borrower that may endanger, delay or prevent it from performing its obligations and responsibilities under this Contract; 3. there is no breach of contract hereunder; 4. the guarantee remains effective, and there is no adverse change to the Lender in the guaranty capacity of the Guarantor or the guaranty capacity or value of the property; 5. the Borrower has opened the relevant accounts as required by the Lender; other conditions required by the Lender: _:________________________________________.