Supervision over production and operating incomes. (1) The incomes made by the Borrower during its day-to-day production and operation, shall be deposited into the account stipulated in Article 10.1 of this Contract __/__ (fully/at the amount not less than the loan ratio of the Lender). (2) Supervision over the repayment of loan with incomes. Except some necessary expenses, the Borrower shall use the operating income first for repaying the loan hereunder.
Appears in 3 contracts
Sources: Working Capital Loan Contract (Synthesis Energy Systems Inc), Working Capital Loan Contract (Synthesis Energy Systems Inc), Working Capital Loan Contract (Synthesis Energy Systems Inc)