Common use of Conditions for withdrawal Clause in Contracts

Conditions for withdrawal. Withdrawals under this contract shall be made based on the actual funding needs of the borrower. For each withdrawal, the borrower must meet the following conditions: a. The borrower must submit a written withdrawal application to the lender; b. The borrower has not encountered any situations described in Clauses 4 or 5 of Article 5, or Article 8, and has not violated the commitments in Article 7; c. According to the lender's reasonable judgment, the borrower’s financial situation has not experienced any adverse changes that may harm, delay, or prevent the borrower from fulfilling its obligations and responsibilities under this contract; d. The borrower uses the withdrawn loan funds for the purposes agreed upon in this contract; e. The guarantee remains valid, and the value of the collateral and/or the guarantor's ability to provide a guarantee has not undergone any adverse changes affecting the guarantor's ability to bear the guarantee responsibility; f. The borrower has opened relevant accounts as agreed in this contract or as required by the lender; g. Other conditions required by the lender are detailed in Clause 5 of Article 16 of this contract.

Conditions for withdrawal. Withdrawals under this contract shall be made based on the actual funding needs of the borrower. For each withdrawal, the borrower must meet the following conditions: a. The borrower must submit a written withdrawal application to the lender; b. The borrower has not encountered any situations described in Clauses 4 or 5 of Article 54, or Article 87, and has not violated the commitments in Article 76; c. According to the lender's reasonable judgment, the borrower’s financial situation has not experienced any adverse changes that may harm, delay, or prevent the borrower from fulfilling its obligations and responsibilities under this contract; d. The borrower uses the withdrawn loan funds for the purposes agreed upon in this contract; e. The guarantee remains valid, and the value of the collateral and/or the guarantor's ability to provide a guarantee has not undergone any adverse changes affecting the guarantor's ability to bear the guarantee responsibility; f. The borrower has opened relevant accounts as agreed in this contract or as required by the lender; g. Other conditions required by the lender are detailed in Clause 5 4 of Article 16 15 of this contract.