Common use of Use of Line of Credit Clause in Contracts

Use of Line of Credit. 2.1 Each time when needing to use the line of credit, the borrower should submit the application to the loaner at least 5 business days in advance. The borrower should fill in the Application for Use of Line of Credit to obtain the approval by the loaner before using the line of credit.

Use of Line of Credit. 2.1 Each time The Borrower should apply to the Lender at least 5 banking days in advance when needing it needs to use the line of credit. When applying, the borrower should submit the application to the loaner at least 5 business days in advance. The borrower Borrower should fill in the Application for Use of Line of Credit to obtain the approval Credit, which can only be used after being examined and approved by the loaner before using the line of creditLender.