Methods of Repayment Clause Samples

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Methods of Repayment. 3.7.1.1 The Borrower shall credit the principal and interest due and payable in respect for the relevant period to such repayment account designated by the Lender one day before the repayment date, and irrevocably authorise the Lender to debit and receive the payment from such account. 3.7.1.2 If the Borrower fails to repay the debts due and payable under the Agreement (including those declared to be matured early), the Lender shall be entitled to debit the corresponding funds from all accounts of the Borrower maintained with the Lender or other branches of the Agricultural Bank of China for the purpose of repayment until all debts of the Borrower under the Agreement are fully repaid. 3.7.1.3 If the Lender exercises its set-off right according to the laws or the Agreement, the Borrower may raise objection within 7 days after the day on which the Lender notifies the Borrower in writing, verbally or through other means.
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Methods of Repayment. The Borrower undertakes to repay any sum advanced under the line of credit on the expiry of its time limit, or in the following manner: SAISIE However, the Borrower shall immediately remit to the Lender the proceeds from the sale of animals or crops for whose purchase, or for whose production he obtained this line of credit or what may be considered a substitute therefor, including any indemnity to be paid by anybody, unless La Financière agricole, decides otherwise. Every repayment must be made to the Lender at his address as indicated above or at any other place designated in writing to the Borrower by the Lender.
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Methods of Repayment. Before the day of repayment fixed in the contract, Party A should store enough funds to repay the sum of that period and transfer the money to the account opened up by Party B; or Party A can transfer money from other accounts on the day of repayment. If Party A fails to repay on time, Party B has the right to take the same sum from the account of Party A at China Construction Bank.
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Methods of Repayment. The borrower shall prepare the enough capital for the due interest or principal capital in the account opened by the borrower prior to the date of interest settlement or the date of repaying the principal loan, and entrust the lender to collect the interest or principal loan on the date of interest settlement or the date of repaying the principal loan; or entrust the lender collect the capital from the any Account opened by the Borrower with XI’AN BANK CO., Ltd and any branch of XI’AN Bank to pay the principal loan and interest on the repayment date stipulated by this contract. This contract could be the entitled voucher for the borrower entrusting the lender to collect loan.
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Methods of Repayment. 7.1 Party B hereby irrevocably authorizes Party A to transfer the loan once (once / several times) to the following account designated by Party B (account name: Shenzhen Yingang Mingzhu Freight Industry Co., Ltd., Bank Name: Guangdong Nanyue Bank Shenzhen Longhua Branch, Account / Card Number: ************************). 7.2 Loans under this agreement shall be paid in the following manner: þ Party A is entrusted to pay. According to Party B’s withdrawal application and payment entrustment, Party A shall pay the loan funds through Party B’s account to Party B for the purpose agreed upon in the contract. Party B shall provide the counterparty name, counterparty account, payment amount and other necessary payment information. This agreement shall pay all the processing fees required for the transfer to Party B by way of fiduciary payment to Party B, which shall be borne by Party B. Party B shall pay the above expenses to Party A when handling the fiduciary payment of each loan. ☒ Party B shall make the payment on its own. Party A shall, according to Party B’s withdrawal application, issue the loan funds to Party B after opening an account with Party A, which shall be paid by Party B to any transaction party for the purpose agreed upon in this agreement. Under any of the following circumstances, Party B may, with the consent of Party A, pay independently: (1) Party B is unable to determine the specific transaction party in advance and the amount does not exceed RMB yuan; (2) Party B does not have the conditions for the effective use of non-cash settlement; (3) Where the loan funds under this agreement are used for production and operation and the amount does not exceed RMB yuan; (4) Other circumstances under which Party B may pay the loans under this agreement on its own according to laws and regulations: 7.3 Party B agrees that even if Party B chooses to pay on its own, Party B shall still be required to pay through entrustment in the following circumstances. The method of payment shall be carried out in accordance with the method of entrustment payment agreed upon in this Section. 7.3.1 The amount of a single payment is equal to or exceeds RMB (in word); 7.3.2 The amount of a single payment is equal to or exceeds per cent of the total investment amount of the project; 7.3.3 The amount of a single payment is equal to or exceeds per cent of the loan amount of this agreement; 7.3.4 Other circumstances determined by Party A:
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Methods of Repayment 
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Related to Methods of Repayment

  • Terms of Repayment An interest-only payment within six months after the estimated Project Completion Date set forth in ARTICLE 3(A)(10) and thereafter semi-annual payments of principal and interest in accordance with APPENDIX A and ARTICLE 2(F) of this Agreement.

  • Methods of Payment Distributions from the Director's Deferral Accounts shall be paid in cash in a single sum unless the Participant elects, at the time a Payment Date is selected pursuant to paragraph 4.1(a) or 4.1(b), to receive the amount payable in generally equal quarterly installments over a period not to exceed ten (10) years. In addition, at least one year before the Payment Date, a Director may change the method of payment previously selected.

  • METHODS OF CALCULATION 224. Bi-Weekly. An employee whose compensation is fixed on a bi-weekly basis shall be paid the bi-weekly salary for his/her position for work performed during the bi-weekly payroll period. There shall be no compensation for time not worked unless such time off is authorized time off with pay.

  • INSTRUCTIONS FOR COMPLETING REPAYMENT ELECTION FORM AND EXERCISING REPAYMENT OPTION Capitalized terms used and not defined herein have the meanings defined in the accompanying Repayment Election Form.

  • Optional Repayment If so indicated in the Accumulation Fund Schedule, GLAIC shall pay to the Policyholder the amount the Policyholder needs to redeem or repay any notes or other instruments issued by the Policyholder and backed by this Policy, pursuant to any limited right of redemption or repayment contained in such note or instrument. GLAIC may require reasonable evidence that the redemption or repayment request satisfies all the terms and conditions described in the prospectus, prospectus supplement and/or pricing supplement applicable to such note or other instrument. Additional restrictions, if any, on the Policyholder’s reimbursement rights under this Section may be included in the Accumulation Fund Schedule.