Account supervision Sample Clauses
The Account Supervision clause establishes the responsibility for overseeing and managing the use of an account, typically by a designated party such as an account holder or administrator. In practice, this clause may require the responsible party to monitor account activity, ensure compliance with relevant policies, and take action in the event of unauthorized or suspicious transactions. Its core function is to maintain the integrity and security of the account, thereby reducing the risk of misuse or fraud.
Account supervision. 3.6.1 The borrower hereby designates the following account as its collection account: Account name: ▇▇▇▇▇▇▇ ▇▇▇▇ Electronic Technology Co., Ltd . Account No: 14339001040007940
3.6.2 The lender has the right to take the following supervisory measures against the aforesaid collection account:
(1) Require the borrower to provide the details about the receipt and expenditure of funds into and from the collection account.
(2) Others;_______.
Account supervision. The borrower shall designate a special fund withdrawal account (account name : see 21.13, opening bank : see 21.13, account number : see 21.13), and provide the fund inflow and exit of the account in time according to the requirements of the Lender. The Lender has the right to monitor the fund withdrawal account, and the borrower shall cooperate.
Account supervision. 10.1 The Borrower shall, prior to withdrawal, open a general settlement account with the Lender and keep such account until the accounts payable hereunder are all paid off and all obligations and responsibilities of the Borrower hereunder are completely performed.
10.2 The Borrower shall deposit the amounts, including but not limited to the following money, into the account agreed in Article
10.1 of this Contract:
(1) Loan under this Contract;
(2) The Borrower’s corresponding sales income or money planned for repayment. If the corresponding sales income is settled in a non-cash manner, the Borrower shall ensure that the money can be transferred into the said account in a timely manner.
(3) Income of the Borrower obtained during the process of production and operation;
(4) Other money related to operating income required by the Lender.
10.3 In order to the ensure the exercise of the rights hereunder and the performance of the obligations hereunder, the Lender has the right to supervise the account opened by the Borrower in accordance with Article 10.1 of this Contract within the effective term hereof in accordance with relevant provisions on the administration of bank settlement accounts and stipulations hereof.
10.4 The account supervision includes, without limitation:
10.4.1 The withdrawal of loan and supervision over the use of loan
(1) When using the funds borrowed, the Borrower must provide materials including the application of withdrawal as required by the Lender, and the fund will be granted to the account with the consent of the Lender after examination and paid externally in the method of payment as stipulated herein;
(2) Where the Borrower’s application for the use of loan fails to conform to the fund use plan or purpose, the Lender is entitled to refuse the granting of the loan, but it shall give written notice to the Borrower, indicating the reason for refusal.
10.4.2 The Borrower shall cooperate with the inquiry and supervision over the incomes and expenses of the account. Upon the request of the Lender, the Borrower shall sign a special account supervision agreement with the Lender.
Account supervision. The Borrower shall provide the name and numbers of its bank accounts with respect to the Borrower’s collection of account receivables to the Lender. The Lender is entitled to request the Borrower to provide the record of the accounts in a timely manner.
Account supervision. 3.6.1 The borrower hereby designates the following account as its collection account: Account name: Gansu Qilianshan Pharmaceutical Co., Ltd. Account No: 27200101040012662
3.6.2 The lender has the right to take the following supervisory measures against the aforesaid collection account:
(1) Require the borrower to provide the details about the receipt and expenditure of funds into and from the collection account.
(2) Others;_______.
Account supervision. 3.6.1 The borrower hereby designates the following account as its collection account: Account name: Nanjing Fuya New-type Building Materials Co., Ltd Account No: 1010050104009710
3.6.2 The lender has the right to take the following supervisory measures against the aforesaid collection account:
(1) Require the borrower to provide the details about the receipt and expenditure of funds into and from the collection account.
(2) Others;_______.
Account supervision. 3.6.1 The borrower has designated the following accounts as the capital withdrawal account: Account name: Hangzhou Xuhang Network Technology Co., LTD Account number: 19011101040008347
3.6.2 The Lender has the right to take the following regulatory measures on the capital withdrawal account:
(1) Ask the borrower to provide the fund inflow and exit of the capital withdrawal account in time.
(2) Other:
Account supervision. 3.6.1 The Borrower’s account for capital collection is as below:
3.6.2 The Lender is entitled to supervise the capital collection account by taking actions as below:
(1) Request the Borrower providing the flow in and out conditions of the capital collection account from time to time.
(2) Others. /
Account supervision. The borrower shall designate a special fund collection account (account name: see 21.12, bank: see 21.12, account number: see 21. 12), and timely provide the fund inflow and outflow of the account according to the requirements of the lender. The lender has the right to monitor the fund collection account, and the borrower shall cooperate with it.
Account supervision