Foreign exchange loan contract
Borrower: ________________________________________
Address: ____________________ Postal code: ________Phone: ________
Lender: ________________________________________
Address :____________________Postcode:________Phone:________
Party A is introducing advanced foreign technology and equipment to carry out technological transformation. Its project has been approved by ____, and it is specially addressed to Party B applies for a foreign exchange loan of ____ million US dollars. In accordance with the loan methods and relevant regulations, Party B has reviewed and approved this loan contract and signed this loan contract in order to clarify its economic responsibilities.
Article 1 Loan Amount: Party A confirms that it has borrowed USD ____ million in cash from Party B, and USD ____ million USD in buyer’s credit.
Article 2 Loan term: cash ____ years ____ months. ;Buyer’s credit ____year____month. Party B guarantees to provide timely payment according to the payment plan attached to this contract. If Party A fails to use the funds as planned and causes Party B's interest loss on foreign exchange funds, Party A shall pay the foreign exchange liability fees in accordance with Party B's regulations.
The third loan interest rate is annual interest: spot exchange is ____%; floating on ____ month; buyer's credit is ____%, based on ____ Days count. During the borrowing period, if Party A fails to pay the interest accrued in each half-year interest calculation period, Party A and Party B will directly debit Party A's loan account and implement compound interest calculation. The loan amount increased due to interest accrual does not occupy the loan limit.
Article 4: Borrowing; After the imported technical equipment is sold, a copy of the contract shall be sent to Party B. Party A shall entrust Party B with full authority to handle the import issuance.Certification, document review and payment and other matters. Party A guarantees that the foreign exchange under this contract will not be misappropriated for other purposes. If misappropriation occurs, Party B will charge double interest on the misappropriated portion. Relevant legal knowledge
Article 5 Loan repayment: Party A shall repay all principal and interest of the loan on the expiration date of the loan period. If Party A is unable to repay the loan as stipulated in this contract for any reason, the guarantee unit shall be responsible for returning the corresponding RMB equivalent of the foreign exchange limit of the principal and interest of the loan on time. For the overdue loan, Party A agrees to pay an additional ____% penalty interest.
Article 6 The "Foreign Exchange Use and Repayment Plan" and "Exchange Repayment Guarantee" attached to this contract and the letter of guarantee issued by Party A's guarantee unit are part of this contract A valid component that has the same legal effect as this contract.
Article 7 Party A shall provide Party B with relevant information, statements and information on the use of the loan in a timely manner to provide convenience for Party B to check the credit work. Both parties shall actively cooperate and strive to Promote the early completion and commissioning of the project.
Article 8 This contract will take effect after being signed by Party A and Party B, and will be terminated when the creditor's rights and debts of this item are settled at maturity. The official text of the contract is made in two copies, with Party A and Party B each holding one copy; ____ copies shall be sent to ____ for filing.
Party A: ____________ Party B: ____________
Representative: ____________Representative: ____________
____year____month____day____year____month____day
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