Commitment of the Borrower. (1) The borrower is an enterprise (business) legal person established according to law and approved and registered by the competent department or any other organization that can act as the borrower as stipulated by the state, and it has the right to conclude and have the ability to perform this contract according to law.
Appears in 4 contracts
Sources: Lease Agreement (Xinzi), Lease Agreement (Xinzi), Lease Agreement (Xinzi)
Commitment of the Borrower. (1) The borrower is an enterprise (business) legal person established according to law and approved and registered reg istered by the competent department or any other organization that can act as the borrower as stipulated by the state, and it has the right to conclude and have the ability to perform this contract according to law.
Appears in 2 contracts