英文涉外借貸合同
(5) conclusive evidence to show that the borrower lose the capacity of credit or during performance of the obligation under this contract, the financial conditions of the guarantor are seriously deteriorating or other reasons caused the guarantor the capacity of credit decline.
(6) the borrower breaches the other obligations under this contract.
2. under the above circumstances, the lender shall have right to:
(1) request the borrower to rectify within the period designed by the lender;
(2) cease in extending the loan or cancel the credit;
(3) declare the loan under this contract is due and the lender shall have right to deduct the outstanding amount from the account of the borrower. the borrower shall not appeal against the lender.
(4) declare the loan is due under other loan agreements between the lender and the borrower, request the borrower to repay the loan principals, interests, and other expenses.
ii. the settlement for the lender breach of the contract
1. the lender fails to extend the loan as agreed in this contract without any reasons;
2. the lender breaches the agreed interest rate and collection add interests or other fees;
3. the lender breaches the provisions set forth in article 12;
4. under the above circumstances, the borrower shall have right to:
(1) request the lender to rectify;
(2) repay the loan ahead of time and refuse to pay any compensation for prepayment.
article 14 deduction
the borrower shall pay in full for the payment without any counteraction or any condition.
article 15 assignment of the debt and credit
1. the borrower shall not assign its right and liability under this contract to other third party without any written approval of the lender;
2. in the event the borrower assign its right and liability under this contract to other third party under the written consent of the lender, the third party shall abide this contract without any condition.
article 16 performance of obligation and waiver of rights
1. the borrower is independent contractor under this contract, it will not impact by any other relations between the borrower with other party except the other provisions set forth in this contract.