Credit Line Change Clause Samples
Credit Line Change. In case of discrepancy between this provision and Credit Line List, the latter one (including credit line change made by Client and Creditor from time to time by a signed credit line change agreement) shall prevail. If any attached instruments executed by Client and Creditor within the term conflict with this Agreement, such instruments shall be applied to the services involved. Notwithstanding the foregoing, Creditor reserves the right to notify Client of early expiration of any loan under any attached instruments in order to protect security of such loan where Creditor deems necessary to do so, in which case, Client is required to repay any debt due immediately and replenish any margin to a full amount for the letter of credit, bank guarantee/standby letter of credit and bank’s acceptance ▇▇▇▇ issued by Creditor upon request of Client.
Credit Line Change. In case of any discrepancy between the terms stated herein and the Financing Credit Line Form, the latter (including the amendment to the Financing Credit Line Form made by Party A and Party B by an agreement on credit line change from time to time) shall prevail. If any accompanying financing document concluded by and between Party A and Party B within the term of availability conflicts with the terms of this Agreement, the former shall be applicable to the business involved in such accompanying financing document. Notwithstanding the regulations above, if Party B believes that it is necessary, it can, for the purpose of ensuring the safety of creditor’s rights, inform Party A that the facility under any accompanying financing document becomes mature in advance. In such case, Party A shall repay the financing amount immediately. For the L/C, L/G/SLC, bank acceptance and other business recognized by Party B, Party A shall make up the margin to 100% immediately.
Credit Line Change. If the terms and conditions herein are inconsistent with the Financing Credit Line Form, the Financing Credit Line Form (including the changes to the Form made by the Client and the Financing Bank from time to time based on the Credit Line Change Agreement) shall prevail. If any accompanying financing documents signed by and between the Client and the Financing Bank within the use period of the credit line are inconsistent with the provisions of this Agreement, the business involved in the accompanying financing documents shall be subject to the provisions of such documents. Notwithstanding the foregoing, the Financing Bank is still entitled to notify the Client that the financing under any accompanying financing document has become due in advance when it deems necessary, so as to guarantee its creditor's rights. In such case, the Client shall immediately repay the financing amount and increase the margin ratio for the letter of credit (LC), letter of guarantee (LG)/standby LC, or bank acceptance bill issued by the Financing Bank in accordance with the Client's application or other business determined by the Financing Bank to 100%.