Conditions for withdrawal. The Borrower shall meet the following conditions for withdrawal: 1. This Contract and its annexes have come into effect; 2. The Borrower has provided the security as required by the Lender and the Contract of Guarantee is in force and the statutory approval, registration or filing formalities have been completed; 3. The Borrower has reserved with the Lender the Borrower's documents, receipts, seals, personnel lists, signature samples related to the conclusion and performance of this Contract, and has completed the relevant vouchers; 4. The Borrower has opened an account necessary for the performance of this Contract at the request of the Lender. 5. The Borrower shall submit to the Lender a written withdrawal request and the relevant documents proving the use of the loan (5) banking days prior to the withdrawal date to go through relevant formalities for withdrawal; 6. The Borrower has submitted to the Lender a resolution and a letter of authorization from its board of directors or other competent departments to consent to the conclusion and performance of this Contract; 7. Other conditions for withdrawal / stipulated by laws and agreed by both parties. If any of the foregoing conditions for withdrawal is not met, the Lender shall be entitled to reject the Borrower's request for withdrawal, unless the Lender agrees to issuance of the loan.
Appears in 2 contracts
Sources: Working Capital Loan Contract (Universal Electronics Inc), Working Capital Loan Contract (Universal Electronics Inc)
Conditions for withdrawal. The Borrower borrower’s withdrawal shall meet the following conditions for withdrawalconditions:
1. This Contract and its annexes have come into taken effect;
2. The Borrower borrower has provided the security as required by guarantee according to the Lender requirements of the loan entry, and the Contract of Guarantee is in force guarantee contract has taken effect and completed the statutory legal examination and approval, registration or filing formalities have been completedprocedures;
3. The Borrower has reserved with to the Lender the Borrower's documents, receiptsdocuments, seals, seals and personnel lists, signature samples related to the conclusion and performance of this ContractContract List, signature samples, and has completed fill in the relevant vouchers;
4. The Borrower has opened an account necessary for the performance of this Contract at the request of as required by the Lender.;
5. The Borrower bank within 5 working days before the withdrawal shall submit to the Lender a written withdrawal request application to the lender and fill in the need to repay the original loan Relevant vouchers (such as: transfer check, wire transfer, domestic remittance application, entry bill, etc.), handle the relevant documents proving the use of the loan (5) banking days prior to the withdrawal date to go through relevant formalities for withdrawalprocedures;
6. The Borrower has submitted to the Lender a the resolution and a letter of authorization from its board the Board of directors Directors or other competent departments agreeing to consent to the conclusion sign and performance of perform this ContractContract Power book;
7. Other withdrawal conditions for withdrawal / stipulated by laws law and agreed upon by both parties. parties Z. If any of the foregoing above withdrawal conditions for withdrawal is are not met, the Lender shall be entitled lender has the right to reject refuse the Borrower's request for withdrawalborrower’s withdrawal application, unless except where the Lender lender agrees to issuance of make the loan.
Appears in 1 contract
Sources: Working Capital Loan Contract (Pop Culture Group Co., LTD)
Conditions for withdrawal. The Borrower borrower shall meet the following conditions for withdrawalwithdrawal of funds:
1. This Contract and its annexes have come into effect;force.
2. The Borrower has provided the security guarantee as required by the Lender lender, and the Contract of Guarantee is in force guarantee contract has taken effect and completed the statutory approval, registration or filing formalities have been completedprocedures;
3. The Borrower has reserved with for the Lender the Borrower's ’s documents, receiptsbills, seals, names of personnel lists, and signature samples related to the conclusion and performance of this Contract, and has completed filled in the relevant vouchersdocuments;
4. The Borrower has opened an the account necessary for the performance of this Contract at the request of as required by the Lender.;
5. The Borrower shall submit Submit to the Lender lender a written withdrawal request application and the relevant documents proving the use purpose of the loan (5) and go through the relevant withdrawal procedures 5 banking days prior to before the withdrawal date to go through relevant formalities for withdrawal;
6. The Borrower has submitted to the Lender a the resolution and a authorization letter of authorization from its board the Board of directors Directors or other competent departments agreeing to consent to the conclusion sign and performance of perform this Contract;
7. Other There are no other withdrawal conditions for withdrawal / stipulated by laws and law or agreed by both parties. If any the above conditions of the foregoing conditions for withdrawal is are not met, the Lender shall be entitled has the right to reject the Borrower's request ’s application for withdrawal, unless except where the Lender agrees to issuance of make the loan.
Appears in 1 contract
Sources: Working Capital Loan Contract (Pop Culture Group Co., LTD)
Conditions for withdrawal. The Borrower borrower shall meet the following conditions for withdrawal:
1. This Contract and its annexes have come into effect;force
2. The the Borrower has provided the security guarantee as required by the Lender and Lender, the Contract of Guarantee is in force guarantee contract has become effective and the statutory approval, registration or filing formalities procedures have been completed;
3. The Borrower has reserved with the Lender the Borrower's ’s documents, receipts, seals, personnel lists, name list and signature samples related to in connection with the conclusion and performance of this Contract, and has completed the relevant vouchers;
4. The Borrower has opened an the account necessary for the performance of this Contract at the request of as required by the Lender.;
5. The Borrower shall submit to the Lender Submit a written withdrawal request and application to the relevant documents proving the use of the loan (5) lender 5 banking days prior to the withdrawal, and fill in the relevant vouchers required for the return of the original loan (such as transfer check, telegraphic transfer form, domestic remittance application form, import bill, etc.) to handle the relevant withdrawal date to go through relevant formalities for withdrawalprocedures;
6. The Borrower has submitted to the Lender a the resolution and a authorization letter of authorization from its the board of directors Directors or other competent departments authorities agreeing to consent to sign and perform the conclusion and performance of this Contract;
7. Other withdrawal conditions for withdrawal / stipulated by laws law and agreed by both parties. If any of the foregoing above withdrawal conditions for withdrawal is are not metsatisfied, the Lender shall be entitled have the right to reject the Borrower's request for withdrawalborrower’s withdrawal application, unless the Lender lender agrees to issuance of make the loan.
Appears in 1 contract
Sources: Working Capital Loan Contract (Pop Culture Group Co., LTD)