Default Liabilities of Party A. If any of the circumstances mentioned above occurs, Party B may take one or more of the following remedies: 1. Request Party A to correct the act of default within a time limit; 2. Notify Party C to suspend to provide the loans not yet withdrawn; 3. Collect penalty interest as agreed herein (if any); 4. Declare that all the principal and interest of the loan hereunder mature immediately, and request Party A to pay off immediately; 5. Other remedies permitted by law.
Appears in 2 contracts
Sources: Entrusted Loan Agreement (Youdao, Inc.), Entrusted Loan Agreement (Youdao, Inc.)