Common use of Credit Line Clause in Contracts

Credit Line. under the General Credit Line Agreement and relevant Credit Line Agreement and in accordance with conditions thereof, credit line (limit) is a maximum limit of money in the limits of which, within the whole period of effectiveness of the Credit Line Agreement, the Customer will be authorized to request utilization of the Credit Amount periodically (including with the purpose of full or partial refinancing of utilized Credit Amount), and the Customer shall repay the accrued debt under the conditions and within the terms provided in the General Credit Line Agreement and the Credit Line Agreement. Furthermore, the Parties acknowledge and agree that: (a) when using the Credit Amount, for the purpose of calculating the volume of the Credit Amount to be utilized within the maximum limit, the volume/portion of the Credit Amount utilized by the Customer under the Credit Line Agreement and already fulfilled against the Bank shall not be taken into consideration; (b) when refinancing utilized Credit Amount fully or partially, the obligation to be refinanced shall not be taken into account in the course of calculating maximum limit provided by the Credit Line Agreement, and (c) in case the Credit Line is approved in one currency and the relevant Credit Amount or part thereof are issued/supplied in another currency, then the conditions of Sub-paragraph 3.4.4 of the Annex No. 1 shall apply.