Conditions for withdrawal. 6.1 When Party B applies for withdrawal, the following prerequisites must be met: 6.1.1 Party B has completed the administrative license, approval, registration and other legal formalities related to the loans under this contract in accordance with the relevant laws, regulations and rules; 6.1.2 Party B has submitted relevant documents that meet the requirements of Party A; 6.1.3 All the guarantee formalities agreed upon by the parties under this contract have been completed and the effective / hypothec has been established / the pledge has been established; 6.1.4 Party B has not committed any breach of contract agreed upon in this contract; 6.1.5 At the time of withdrawal, the statements and guarantees made by Party B in this contract shall remain true, accurate and valid; 6.1.6 At the time of withdrawal, the operating and financial conditions of Party B are basically the same as those at the time of signing this contract, and no significant adverse changes have taken place. 6.1.7 In the case of a project loan, the project capital or other funds to be raised corresponding to the project loan have been fully in place in accordance with the prescribed time and proportion. 6.2 After meeting the prerequisites mentioned in Article 6.1, Party B shall go to the location of Party A in accordance with this contract, withdraw the money and sign the loan voucher with Party A. The loan voucher is an integral part of this contract and has the same effect as this contract. 6.3 The loan made by Party A when Party B fails to meet the withdrawal conditions does not constitute a defect in Party A’s performance. 6.4 Before the issuance of the loan, if Party A is unable to issue a loan under this contract due to changes in the state macro-control policy, the requirements of Party A’s regulatory department for Party A to control the scale of credit or the direction of credit, and other reasons other than Party A’s failure to issue loans under this contract, Party A has the right to stop issuing the loan or terminate this contract. Party B has no objection to this.
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Conditions for withdrawal. 6.1 When Party B applies for withdrawal, the following prerequisites must be met:
6.1.1 Party B has completed the administrative license, approval, registration and other legal formalities related to the loans under this contract in accordance with the relevant laws, regulations and rules;
6.1.2 Party B has submitted relevant documents that meet the requirements of Party A;
6.1.3 All the guarantee formalities agreed upon by the parties under this contract have been completed and the effective / hypothec has been established / the pledge has been established;
6.1.4 Party B has not committed any breach of contract agreed upon in this contract;
6.1.5 At the time of withdrawal, the statements and guarantees made by Party B in this contract shall remain true, accurate and valid;
6.1.6 At the time of withdrawal, the operating and financial conditions of Party B are basically the same as those at the time of signing this contract, and no significant adverse changes have taken place.
6.1.7 In the case of a project loan, the project capital or other funds to be raised corresponding to the project loan have been fully in place in accordance with the prescribed time and proportion.
6.2 After meeting the prerequisites mentioned in Article 6.1, Party B shall go to the location of Party A in accordance with this contract, withdraw the money and sign the loan voucher with Party A. The loan voucher is an integral part of this contract and has the same effect as this contract.
6.3 The loan made by Party A when Party B fails to meet the withdrawal conditions does not constitute a defect in Party A’s 's performance.
6.4 Before the issuance of the loan, if Party A is unable to issue a loan under this contract due to changes in the state macro-control policy, the requirements of Party A’s 's regulatory department for Party A to control the scale of credit or the direction of credit, and other reasons other than Party A’s 's failure to issue loans under this contract, Party A has the right to stop issuing the loan or terminate this contract. Party B has no objection to this.
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Conditions for withdrawal. 6.1 When withdrawing funds, Party B applies for withdrawal, A must meet the following prerequisites must be metprerequisites:
6.1.1 Party B A has completed the administrative license, approval, registration and other legal formalities procedures related to the loans under this contract loan education hereunder in accordance with the relevant laws, regulations and rules;
6.1.2 Party B A has submitted relevant documents that meet the requirements of Party A;B:
6.1.3 All the The guarantee formalities agreed upon by the parties under this contract have been completed Contract has gone through all the procedures prescribed by law and agreed by both parties and has taken effect/the effective / hypothec mortgage has been established / established/the pledge has been established;:
6.1.4 Neither Party B A nor the guarantor has not committed any breach of contract agreed upon as stipulated in this Contract or guarantee contract;:
6.1.5 At the time of withdrawal, the statements representations and guarantees warranties made by Party B A in this contract Contract shall remain true, accurate and valideffective;
6.1.6 At the time of withdrawal, the operating and financial conditions status of Party B are A and the guarantor shall be basically the same as those that at the time of signing this contract, and no significant Contract in case of any material adverse changes have taken place.changes;
6.1.7 In the case of a project loan, the project capital or other funds to be raised corresponding to the project loan have been fully in place in accordance with the prescribed time and proportion.Other conditions required by Party B.
6.2 After meeting the prerequisites mentioned in Article 6.1above conditions, Party B A shall go to through the location of Party A in accordance with this contract, withdraw the money withdrawal procedures as agreed herein and sign the loan voucher with Party A. voucher. The loan voucher document is an integral part of this contract Contract and has the same effect as this contractContract.
6.3 The Party B’s loan made by to Party A when the withdrawal conditions are not met shall not constitute Party B’s performance defect, nor shall it indicate that Party B fails gives up requiring Party A to meet the above withdrawal conditions conditions. Party A shall immediately submit relevant materials to Party B upon meeting the withdrawal conditions.
6.4 Due to deterioration of Party A’s credit standing, Party B has the right to automatically cancel, terminate or suspend all or part of the loan. In this case, Party B’s breach of contract does not constitute a defect in Party A’s performancedefect.
6.4 Before the issuance of the loan, if Party A is unable to issue a loan under this contract due to changes in the state macro-control policy, the requirements of Party A’s regulatory department for Party A to control the scale of credit or the direction of credit, and other reasons other than Party A’s failure to issue loans under this contract, Party A has the right to stop issuing the loan or terminate this contract. Party B has no objection to this.
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Sources: Working Capital Loan Contract (Xuhang Holdings LTD)
Conditions for withdrawal. 6.1 When Party B applies for withdrawal, the following prerequisites conditions must be metsatisfied:
6.1.1 Party B has completed obtained the administrative licensepermission, approval, registration and other legal formalities related to the loans under this contract agreement in accordance with the relevant laws, regulations and rules;
6.1.2 Party B has submitted relevant documents that meet the requirements of Party A;
6.1.3 All the guarantee formalities agreed upon by the parties under this contract agreement have been completed and the effective / hypothec effective, the mortgage has been established / or the pledge has been established;
6.1.4 Party B has not committed been in any breach of contract agreed upon in this contractagreement;
6.1.5 At the time of withdrawal, the statements representations and guarantees warranties made by Party B in this contract agreement shall remain true, accurate and valid;
6.1.6 At the time of withdrawal, the operating and financial conditions of Party B are basically the same as those at the time of signing this contractagreement, and no significant material and adverse changes have taken place.;
6.1.7 In the case of a project loan, the project capital or other funds to be raised corresponding to the project loan have been fully in place in accordance with the prescribed time and proportion.
6.2 After meeting the prerequisites mentioned in Article 6.1, Party B shall go to the location of Party A in accordance with this contract, and withdraw the money and sign the loan voucher with Party A. A in accordance with this agreement. The loan voucher is an integral part of this contract agreement and has the same effect as this contractagreement.
6.3 The loan made by Party A when Party B fails to meet the withdrawal conditions does not constitute a defect in Party A’s performance.
6.4 Before the issuance of the loan, if Party A is unable to issue a loan under this contract agreement due to changes in the state macro-control policy, the requirements of Party A’s 's regulatory department for Party A to control the scale of credit or the direction of credit, and other reasons other than Party A’s 's failure to issue loans under this contractagreement, Party A has the right to stop issuing the loan or terminate this contractagreement. Party B has no objection to this.
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