Common use of Debt Certificate Clause in Contracts

Debt Certificate. Party B shall keep record in its account for the principal, interests and fees and other fees of Party A under this Contract. The above mentioned record and the documentation for the drawdown, repayment and payment of interest are the certificates of the debts between the two parties.

Appears in 2 contracts

Sources: Working Capital Loan Contract (China Energy Recovery, Inc.), Working Capital Loan Contract (China Energy Recovery, Inc.)