Entrusted payment definition

Entrusted payment in this contract means that Party A, based on Party B’s withdrawal application and payment authorization, pays the loan to Party B’s transaction object conforming to the purpose agreed in this Contract through a special account issued by the loan.Independent payment means that Party A shall, according to Party B’s withdrawal application, release the borrowed funds to the above-mentioned special account for the issuance of the borrowed funds, and Party B shall independently pay the borrowed funds to Party B’s transaction objects conforming to the purposes agreed herein.
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Entrusted payment means a payment made by the Lender on behalf of the Borrower using proceeds from a Loan disbursed by the Lender to the Borrower’s bank account on a Utilisation Date and then transferred by the Lender to a third party in accordance with the Borrower’s written request.
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Entrusted payment means that Bank of Beijing will pay the loan funds through the Borrower’s account to the Borrower’s counterpart meeting the purpose agreed herein according to the Borrower’s withdrawal application and payment authorization.
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Examples of Entrusted payment in a sentence

  • Entrusted payment by the lender means that the lender pays the loan funds through the borrower’s account to the borrower’s trading partner who meets the purpose agreed in this contract according to the borrower’s withdrawal application and payment entrustment.

  • Entrusted payment means Party A pays the loan amount to Party B’s counter-party meeting the purpose specified herein through Party B’s account according to Party B’s drawdown application and payment entrustment.

  • Entrusted payment by Lender means that the Lender, upon the Borrower’s withdrawal applications or payment entrustment, pays the loaned fund to the business counterpart of the Borrower with the usage stipulated in this contract through the Borrower’s account.

  • Entrusted payment by the Lender means that the Lender, according to the Borrower's withdrawal application and payment entrustment, pays the loan amount, through the Borrower's account, to the counterparty of the Borrower in a transaction that meets the purposes as specified herein.

  • Depreciation expense increased by 6 cents per share, reflecting SCE’s ongoing wires investments.

  • Entrusted payment shall mean: Party A shall pay the loan funds through Party B’s account to Party B’s counterparties of transactions which are in conformity with the purpose agreed herein pursuant to Party B’s loan payment request and payment entrustment.

  • Entrusted payment means that Party A pays the loan proceeds via Party B's account to any transaction counterparties of Party B for the agreed purpose based on Party B's drawdown application and payment entrustment.

  • Entrusted payment means payment of loan by Party A to Party B’s counterparty for the purpose as agreed herein through Party B’s account upon Party B’s utilization request and consignment.

  • Entrusted payment by the Lender means that the Lender pays the loan funds through the Borrower’s account to the Borrower’s transaction counterparties who meet the purposes as agreed in this Agreement according to the Borrower’s drawdown application and payment entrustment.

  • Entrusted payment of Party B means that Party B pays the loan fund to Party A’s transaction object meeting the loan purpose through the bank settlement account (account name: Guangdong CarHouse E-Commerce Technology Co., Ltd.; account number: ***************) established by Party A in Party B’s place according to Party A’s withdrawal application and payment entrustment.


More Definitions of Entrusted payment

Entrusted payment means that the lender pays the loan funds (through the borrower's account) to the borrower's transaction objects conforming to the purpose agreed herein according to the borrower's application for withdrawal and payment authorization. Adoption of entrusted payment for a loan, the lender shall have the right to require the borrower to provide for the agent to pay the relevant documents of such information by the lender, according to the agreed loan purposes, review the borrower to provide payment information such as application object payment amount listed is consistent with the corresponding business contracts and other documents after approved, the lender will loan money by account paid to supporting the borrower transaction object.
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Entrusted payment by the lender means that the Borrower authorizes the lender to pay the borrowed funds to the borrower With the borrower’s counterparties for the agreed purpose. ' If the entrusted payment method is adopted by the lender, the borrower shall provide the relevant transaction materials in accordance with the purposes agreed herein and approved by the lender before the issuance of the loan funds, and promptly pay the loan funds to the borrower and the borrower’s counterparties through the borrower’s account. If the entrusted payment method of the lender is adopted, after the loan funds are paid to the counterparty of the borrower, if the loan funds are returned due to the cancellation, dissolution or invalidation of the basic transaction contract, the lender shall have the right to collect the returned loan funds in advance in accordance with Article 12 of this Contract.
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Entrusted payment by the Lender means that the borrower authorizes the lender to pay the borrowed funds to the borrower’s counterparty in accordance with the purposes agreed herein. If the entrusted payment method is adopted by the lender, the borrower shall provide the relevant transaction materials conforming to the purpose agreed herein prior to the issuance of the loan funds, and promptly pay the loan funds to the borrower and the borrower’s counterparties through the borrower’s account. If the entrusted payment method of the lender is adopted, after the loan funds are paid to the counterparty of the borrower, if the loan funds are returned due to the cancellation, dissolution or invalidation of the basic transaction contract, the lender shall have the right to collect the returned loan funds in advance in accordance with Article 12 of this Contract.
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Entrusted payment the entrusted payment is a payment method for loan funds. It means that the Transaction Acceptance Bank pays the Automobile Consumer Loan to the Distributors of Party B according to the loan application and entrusted payment arrangement from the Customers.
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Entrusted payment by the Lender means the Borrower authorizes the Lender to pay the loan to the Borrower’s counterparty which in accordance with the agreed purposes of the Contract. When adopting entrusted payment by the Lender, the Lender shall provide relevant transaction materials which in accordance with the agreed purposes of the Contract before the issuing of loan. The Lender pays the loan to the Borrower’s counterparty timely through the Borrower’s account after the Lender’s checking and approval.
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Entrusted payment. Has the meaning ascribed to it in Section 3.1;
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Related to Entrusted payment

  • Restricted Payment means any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to the Borrower’s stockholders, partners or members (or the equivalent Person thereof).

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Guaranteed Payment for each Class of Notes and any Payment Date means the sum of (i) the related Guaranteed Principal Payment Amount plus (ii) the related Aggregate Investor Interest for that Payment Date.