Upon Party. A’s approval of a specific credit business, the specific business documents signed by the Parties for such business (including but not limited to individual agreements/applications, framework agreements or specific business contracts) shall constitute an integral part of this Credit Agreement. The specific amount, interest rate, term, purpose, costs and other elements of each loan or other credit business shall be determined pursuant to the specific business documents, business vouchers confirmed by Party A (including but not limited to loan notes, etc.) and records in Party A’s system. Where Party B requests a working capital loan within the credit line, there is no need for the Parties to sign a separate loan contract. Party B shall submit a withdrawal application on a case-by-case basis, and Party A shall approve such application on a case-by-case basis.
Upon Party. A’s requirement, they shall provide Party A all the documents related to Party C’s business operation and financial status.
Upon Party. A’s written confirmation prior to the expiration of the term hereof, this Agreement may be extended for a period of ten (10) years or such other period as may be agreed upon by the Parties through negotiation.
Upon Party. A’s approval and consent for a specific credit transaction, the specific transaction documents (including but not limited to individual agreements/applications, framework agreements or specific business contracts) signed by Party A and Party B for the specific credit transaction shall constitute an integral part of the Credit Agreement. The specific amount, interest rate, term, use, fees, and other business elements of each loan or other credit transaction shall be determined based on the specific transaction documents and transaction vouchers confirmed by Party A (including but not limited to applications for withdrawal, loan receipts (if any), etc.), and the transaction records in Party A’s system. In case of any inconsistency, the records in Party A’s system shall prevail. The interest rate under this Agreement, unless otherwise specified in the specific transaction documents and transaction vouchers (including but not limited to loan receipts, etc.) confirmed by Party A as well as the business records in Party A’s system, shall be calculated using the simple interest method. If Party B applies for working capital loans within the approved credit limit, both parties are not required to separately sign a Loan Agreement for each transaction. Party B shall submit an application for withdrawal for each transaction when applying for funds, and Party A shall approve each transaction separately.
