Common use of Commodity Finance Option Clause in Contracts

Commodity Finance Option. a. By selecting either the Harvest Loan Option or the Flexi Loan Option, the Supplier applies to CBH Grain for a loan facility of up to the Credit Limit for each Nomination of Grain under the Contract and CBH Grain agrees to make available to the Supplier that credit facility on the terms of this clause 9. b. The Commodity Finance Option is a single credit contract in respect of the Total Credit Limit and covering all Drawdowns.

Commodity Finance Option. ‌‌ a. By selecting either the Harvest Loan Option or the Flexi Loan Option, the Supplier applies to CBH Grain for a loan facility of up to the Credit Limit for each Nomination of Grain under the Contract and CBH Grain agrees to make available to the Supplier that credit facility on the terms of this clause 9. b. The Commodity Finance Option is a single credit contract in respect of the Total Credit Limit and covering all Drawdowns.Drawdowns.‌‌