Method of Loan Payment Clause Samples
The "Method of Loan Payment" clause defines how and in what manner the borrower must make payments to the lender under a loan agreement. It typically specifies the acceptable forms of payment, such as electronic transfer, check, or direct debit, and may outline the timing and location for submitting payments. By clearly establishing the procedures for payment, this clause helps prevent disputes over payment methods and ensures both parties understand their obligations, thereby facilitating smooth and timely loan repayment.
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Method of Loan Payment. Methods of loan payment can be divided into direct payment and entrusted payment. The conditions for entrusted payment as agreed by Party A and Party B shall be as follows: In case of the entrusted payment by the lender, Party B shall check that whether the payment counterpart, amount of payment and other information within the application for payment provided by Party A is in accordance with relevant business contract and other certificates prior to transferring the loan funds. After the approval, Party B shall transfer the loan funds to the account of Party A’s counterpart as listed in Party A’s payment order via the account that opens within Party B (account number: _________________________).
Method of Loan Payment. The Borrower shall make all payments called for under this loan agreement by wire transfer, according to the information included on EXHIBIT A.
Method of Loan Payment. The Lender shall make all payments called for under this loan agreement by sending via cheque / other negotiable instrument payable or by wire transfer to the bank account mentioned by the Borrower.
Method of Loan Payment. The BORROWER shall make all payments called for under this loan agreement by sending check or other negotiable instrument made payable or by wire transfer to the bankers of entity at the address indicated: Phoenix IT Solutions Limited ▇▇▇▇▇-▇, #▇-▇▇-▇▇/▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ – 530003 Andhra Pradesh
Method of Loan Payment. The BORROWER shall make all payments called for under this loan agreement by sending check or other modern method of payment, payable to ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇.
Method of Loan Payment. Payments on the Loan shall be made by cashier’s check, certified check, by wire transfer, or any other method of payment deemed satisfactory to the Lender.
Method of Loan Payment. The BORROWER shall make all payments called for under this loan agreement by sending check or other negotiable instrument made payable to the following individual or entity at the address indicated: NIOS LLC ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ If LENDER gives written notice to BORROWER that a different address shall be used for making payments under this loan agreement, BORROWER shall use the new address so given by LENDER.
Method of Loan Payment. BORROWER shall make all payments called for under this loan agreement by sending check or other negotiable instrument made payable to the following individual or entity at the address indicated:
Method of Loan Payment. The BORROWER shall make all payments called for under this Agreement by either personally delivering or sending a check made payable to the following individual at the address indicated: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ If LENDER gives written notice to BORROWER that a different address shall be used for making payments under this Agreement, BORROWER shall use the new address so given by LENDER.
Method of Loan Payment. The LENDER shall post weekly payments for Principal and Interest separately into the GPG Payout Account that BORROWER maintains with LENDER.