【正文】
(3) Take other remedies as provided by applicable laws and regulations. Article 8. Default Liability:. Lender will impose penalty interest and pounded interest according to the regulations of the People39。s Bank of China in the event that Borrower has not fully repaid the principal or interest under the Loan Contract in a timely manner, or fails to use the Loan39。s funds as provided by this Loan Contract. The default interest rate for a foreign exchange loan shall be _____ over and above the original interest rate.. ***For the recovery of the principal, interest, penalty interest, pounded interest and other fees unpaid by Borrower, Borrower hereby irrevocably authorizes Lender to withdraw funds from its account with the Bank of Communications. 5PAGE Article 9. Other Clauses:. ***Any dispute concerning this Loan Contract is under the jurisdiction of the local people39。s court where Lender is located.. The Loan Voucher under this Loan Contract and related documents and materials confirmed by both parties are inseparable ponents of this Loan Contract.. This Loan Contract shall bee effective upon signature (or seal) by legal representatives or authorized representatives of both parties and upon the affixing of the official seals of both parties.. This Loan Contract has two originals, which are identical to each other, with each of the parties holding one copy. There are several duplicates for future reference.Borrower (Official Seal): (Illegible)Legal Representative or Authorized Representative (Signature or Personal Seal): (Illegible) Date of Signature: 24 July 2001.Lender (Official Seal): Weifang Branch of the Bank of Communications, Loan ContractSeal (6)Legal Representative or Authorized Representative (Signature or Personal Seal): Shixiang MaDate of Signature: July 24, 2001.第 7 頁(yè) 共 7 頁(yè)