Common use of Repayment Period Clause in Contracts

Repayment Period. (I) Contractor shall agree to repay the loan within 180 days as of the date of advancement by Bank. (II) For the acceptance of bills of exchange, the period from the acceptance date to the maturity date of the xxxx shall be not more than 180 days. Upon maturity, the xxxx shall be paid by Contractor or advanced by Bank as per the request of Contractor, provided that the totaling of the advancement period and the acceptance period shall be not more than 180 days. (III) Contractor shall, for the purchase of any domestic supplies, obtain the consent of Bank and request Bank to issue a domestic letter of credit and to accept or pay for the xxxx of exchange or any other document opened by the beneficiary of the letter of credit, provided that the repayment period shall not be more than 180 days. (IV) If the supplies purchased using the credit extended hereunder are sold ahead of schedule, the repayment of the loan shall be made earlier accordingly.

Repayment Period. (I) Contractor shall agree to repay the loan within 180 days as of the date of advancement by Bank. (II) For the acceptance of bills of exchange, the period from the acceptance date to the maturity date of the xxxx shall be not more than 180 days. Upon maturity, the xxxx shall be paid by Contractor or advanced by Bank as per the request of Contractor, provided that the totaling of the advancement period and the acceptance period shall be not more than 180 days. (III) Contractor shall, for the purchase of any domestic supplies, obtain the consent of Bank and request Bank to issue a domestic letter of credit and to accept or pay for the xxxx of exchange or any other document opened by the beneficiary of the letter of credit, provided that the repayment period shall not be more than 180 150 days. (IV) If the supplies purchased using the credit extended hereunder are sold ahead of schedule, the repayment of the loan shall be made earlier accordingly.