Common use of Use of Credit Line Clause in Contracts

Use of Credit Line. 2.1 The signing of this Contract by Party A and Party B does not constitute Party A’s commitment to grant credit facility to Party B. With respect to specific credit facility under the line of credit, Party B shall apply to Party A in writing separately. Party A has the right to decide at its own discretion whether to grant any single credit facility to Party B. Where Party A agrees to grant any credit facility upon review, Party A and Party B will enter into a specific credit facility contract according to the nature of the credit facility.

Use of Credit Line. 2.1 The signing of this Contract contract by Party A and Party B both parties does not constitute Party A’s credit extension commitment to grant credit facility to Party B. With respect to specific credit facility under the line of credit, Party B shall apply submit a written application to Party A in writing separatelya case-by-case basis for the specific credit extension business under the credit line. Party A has shall have the right to independently decide at its own discretion whether or not to grant any single issue the credit facility line to Party B. Where If Party A agrees to grant issue any single credit facility upon reviewextension after examination, Party A and Party B will enter into the parties shall sign a specific separate single credit facility extension contract according to the nature of the credit facilitybusiness.