Drawing of the Facility. During the Availability Period and within the Maximum Amount of the Facility, Party A can apply for Loans subject always to the formalities which shall be completed by both Parties. The amount, interest rate, term and purpose of each individual Loan shall be determined according to the Notice of Drawing issued by Party B to Party A. If any security provider has performed its obligations in accordance with any security contract, the Facility shall decrease by the amount of principal which has been repaid by such security provider. The amount of each individual Loan shall be no less than RMB 1,000,000.00, and its term shall be no shorter than 30 days, but no longer than 10 months.
Appears in 6 contracts
Samples: RMB Credit Limitation Contract (SkyPeople Fruit Juice, Inc), RMB Credit Limitation Contract (SkyPeople Fruit Juice, Inc), RMB Credit Limitation Contract (SkyPeople Fruit Juice, Inc)
Drawing of the Facility. During the Availability Period and within the Maximum Amount of the Facility, Party A can apply for Loans subject always to the formalities which shall be completed by both Parties. The amount, interest rate, term and purpose of each individual Loan shall be determined according to the Notice of Drawing issued by Party B to Party A. If any security provider has performed its obligations in accordance with any security contract, the Facility shall decrease by the amount of principal which has been repaid by such security provider. The amount of each individual Loan shall be no less than RMB 1,000,000.00, and its term shall be no shorter than 30 daysone month, but no longer than 10 months.
Appears in 2 contracts
Samples: RMB Credit Limitation Contract (SkyPeople Fruit Juice, Inc), RMB Credit Limitation Contract (SkyPeople Fruit Juice, Inc)
