Conditions, Procedures and Regulations of Use of the Credit Line Sample Clauses

Conditions, Procedures and Regulations of Use of the Credit Line. 3.1. Volume of the Credit Line and the rule of accommodating the Credit Amount within it 3.1.1. On the basis of a positive decision of the Bank’s authorized body regarding the approval of the Credit Line, the Bank and the Customer have entered into the Credit Line Agreement which sets forth particular terms and conditions for the use of the Credit Line. 3.1.2. The Credit Amount within the Credit Line limit will be allocated on the basis of application submitted by the Customer from time to time, within 10 (ten) calendar days after submitting the relevant application, provided that all conditions envisaged by the Credit Line Agreement are met in a form acceptable to the Bank. 3.1.3. The Bank is authorized to refuse to disburse the Credit Amounts within the Credit Line if the conditions and requirements of the Agreement and/or any agreements related to financial liabilities executed with the Bank are breached and/or the Customer fails to utilize the Credit Line within 180 (one hundred and eighty) calendar days or other term envisaged by the Credit Line Agreement. 3.1.4. Unless otherwise determined by the Credit Line Agreement and/or as a condition precedent to the issuance of the specific Credit Amount, the Credit Amount shall be repaid before the expiration date of the Credit Line Agreement. 3.1.5. The Customer is authorized to, on the basis of a written request, unilaterally request reduction of the maximum amount of the agreed Credit Line. In case of such reduction the Credit Line’s maximum amount can be increased again only by the Bank’s written consent.