贷款合同英文(3)

时间:2021-08-31

  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.

  2. the lender give any extension, toleration, favor to the borrower or permit the borrower to delay of performance any obligation under this contract shall not impair any rights of the lender in accordance with this contract and laws, regulation, it shall be deemed to have waived its rights under this contract and the obligation shall be performed by the borrower under this contract.

  article 17 amendment, supplement and interpretation of the contract

  1. this contract could be amended and supplemented upon the written agreements conclude by the parties. any a amendment and supplement shall be integral party of this contract.

  2. in the event change of laws, regulations or legal practice which will cause any terms contained in this contract become illegal, invalid or loss of practice, the other part of this contract shall not be impaired by it. the both parties shall make efforts to change the illegal, invalid or loss of practice part.

  3. for the matters not referred in this contract shall be construed in accordance with the provisions of the peoples bank of china.

  article 18 dispute resolution, governing law and waiver of exemption

  1. the conclusion, interpretation and dispute resolution shall be subject to the laws of the peoples republic of chin. the disputes arising from the execution of this contract shall be settled through friendly consultation by both parties. in case no settlement can be reached, the disputes shall be submitted to the peoples court of the location of the lender for judgment.

  2. the borrower shall not reject any obligation during the settlement of disputes.

  3. the execution and performance of this contract and the related transaction is civil behavior. the borrower shall not appeal to take action to exempt from the obligation under this contract.

  (if both parties agree to apply arbitration, the above term shall be:)

  1. the conclusion, interpretation and dispute resolution shall be subject to the laws of the peoples republic of chin. the dispute arising from the execution of this contract shall be settled through friendly consultation by both parties. in case no settlement can be reached, the disputes shall be submitted to china international economic and trade arbitration commission for arbitration.

  2. the arbitration shall be conducted in accordance with the arbitration law of peoples republic of china and provisional rules of procedure of china international economic and trade arbitration commission.

  3. during the arbitration, this contract shall be effective and the borrower shall not disclaim the any obligations under this contract.

  4. the execution and performance of this contract and the related transaction is civil behavior. the borrower shall not appeal to take action to exempt from the obligation under this contract.

  article 19 other matter agreed by the parties.

  article 20 appendices

  the following appendices shall be integral part of this contract:

  1. draw-down application

  2. _______________________

  article 21 notice

  1. any notice, payment notice or telecommunications shall be forwarded to the following address:

  to: the borrower: _________________

  address: ______________________

  post code: ____________________

  fax: __________________________

  to: the lender: ___________________

  address: ______________________

  post code: ____________________

  fax: __________________________

  2. if any change of address shall inform the other party immediately.

  3. any notice, payment request or communication shall be forwarded to the above address. the dates on which notices shall be deemed to have been effectively given shall be determined as follows:

  (1) if given in letter it shall be deemed effectively given on the fifth day after the date mailed by registered airmail, postage prepaid;

  (2) if given by telex it shall be deemed effectively given on the date the other party returned the information;

  (3) if given by facsimile it shall be deemed effectively given on the first date of transmission;

  (4) if given by personal delivery it shall be deemed effectively given on the date of personal delivery; this contract become effective after signed by the authorized representatives of both parties until the loan and the interests and other related expenses be cleared up. this contract is executed in _____ original and be equally authentic.each of the borrower, the lender shall hold ____ copy.

  borrower: ______________

  lender: ________________

  date:___________________

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