Use of the Credit Line. The Borrower shall use the total amounts of the proceeds gained in accordance with this Agreement for the purposes set forth in the Second clause and in accordance with the provisions set forth in Trust PDP Santander/Bancomext 2. The Banks shall not be responsible for the use given by the Borrower to the Credit Line resources.
Use of the Credit Line. 2.1 The execution of this Contract by Party A and Party B does not constitute a credit commitment of Party A to Party B. For specific credit business under the credit line, Party B shall submit a written application to Party A on a case-by-case basis. Party A has the right to, at its sole discretion, decide whether to disburse a single credit under the credit line to Party B. If Party A agrees to disburse a single credit after review, Party A and Party B shall separately sign a corresponding single credit contract according to the nature of the business.
2.2 Conditions Precedent for the use of the credit line:
(1) Party B has duly obtained government permit, approval, registration, delivery and other legal procedures in relation to the credit hereunder (if any) in accordance with relevant laws and regulations;
(2) Relevant guarantee contracts (if any) have come into force;
(3) Party B has repaid all the expenses in relation to this Contract (if any);
(4) Party B satisfies the credit conditions agreed in this Contract (if any);
(5) There are no adverse changes in operating and financial conditions of Party B and the guarantor (if any);
(6) There are no adverse changes in the willingness of Party B and the guarantor (if any) to repay the loan;
(7) Party B does not breach this Contract.
2.3 Party A has the right to adjust the credit line or require Party B to provide additional guarantee according to the exchange rate change.
2.4 Party A has the right to supervise the use of the credit line and the investment of the credit proceeds, for which Party B shall provide support.
2.5 If Party A is unable to allow Party B to use the credit line due to changes in national macro-control policies, requirements of regulatory authorities of Party A on controlling the credit or credit investment instruction, and other reasons not attributable to Party A prior to and in use of the credit line, Party A has the right to suspend or terminate the use of the credit line, and terminate this Contract, and Party B has no objection in this regard.
Use of the Credit Line. 1. Within the service life of the credit line agreed in this Agreement, Party A may use the corresponding credit line in the following way (1) within the limit of each single credit business agreed in this Agreement:
Use of the Credit Line. Within the term of the credit line agreed in Article 5 of this agreement, Party A can use the credit line in cycle within the amount limit of each single credit service specified in the above article; If Party A needs to adjust the amount of the single credit service specified in Article 1, Party A shall submit the written application to Party B, and Party B will determine the specific method of adjustment.
Use of the Credit Line. 6.1 Within the credit effective period and credit limit, the Borrower can apply for loans by batches according to its needs, both parties should complete related procedures. The amount, interest rate, period, and usage shall be based on the content of “Notification on RMB Credit Line Withdrawal”.
6.2 If the the guarantor performs its guarantee obligation in accordance to this agreement, the Lender shall deduct the principal correspondingly to guarantee obligation that the Lender has performed from the principal of loan credit, and the Borrower can only withdraw the balance after the deduction.
6.3 The loan applied by the Borrower each time shall not be less than RMB five million and the loan period shall not be less than 210 days and life of loan shall not be longer than 12 months.
6.4 Application for withdrawing the loan When the Borrower withdraws the loan, it shall submit “RMB Credit Line Withdrawal Application” to the Lender in advance. The application for single loan which exceed XXX 0 xxxxxxx xxxxx xx submitted 1 working day in advance.
6.5 Prerequisites of releasing the loan Unless the Lender has entirely or partially given up the conditions, the Lender only has the obligation to release the loan when following conditions have been continuously met:
(1) the Borrower has gone through the relevant permit, registration, delivery, insurance and other legal procedures required by the loan under this Agreement.
(2) When the guarantee is required by this Agreement, the guarantee that meets the Lender’s requirement has been effective and continuously valid.
(3) The Borrower has opened a bank account for drawing money and repayment as per the Lender’s requirement.
(4) The Lender has received the Borrower’s application for loan withdrawal and has verified and approved it.
(5) In case that the Borrower shall pay loan management fee to the Lender as agreed hereof, the Borrower does not owe any loan management fee to the Lender.
(6) The Borrower does not have any breach of Agreement behaviors stated in this agreement, or any situations that may possibly damage the Lender’s claims as specified in this agreement.
(7) The release of loan under this Agreement by the Lender shall not be forbidden or restricted by any laws, rules and regulations nor any authoritative departments.
(8) Other conditions (i) _________________________________________ (ii) _________________________________________
Use of the Credit Line. 3.1 Types and scope The foresaid credit line shall be (choose one from the two with “√”):
( ) 3.1.1 General credit line, its specific business types include (fill in with actual situation): Floating capital loans，xxxx for bank acceptance is no more than 60 million yuan Guarantee , , Meanwhile, Party B can (fill in with “can” or “can not”) make regulation use for the foresaid line of credit, and (choose one from the following with “√”): oAll the business types can get reciprocal regulation use; oAll the business types can get reciprocal regulation use, namely and .
Use of the Credit Line. Any agreement in this Agreement and in the single credit extension documents hereunder does not indicate that the credit Grantor must actually grant credit to the recipient according to the agreed amount, and the credit Grantor has the right to adjust the credit line according to the actual situation.
Use of the Credit Line. 3.1 Types and scope The foresaid credit line shall be (choose one from the two with “√”):
(√ ) 3.1.1 General credit line, its specific business types include (fill in with actual situation): Floating capital loans，bxxx for bank acceptance is no more than 60 million yuan Guarantee , , Meanwhile, Party B can (fill in with “can” or “can not”) make regulation use for the foresaid line of credit, and (choose one from the following with “√”):
Use of the Credit Line for the Purposes Specified ------------------------------------------------------------
3.1. The Credit Line shall be granted to the Company for purposes not conflicting with the requirements of the legislation of the Republic of Kazakstan. The specific purposes of the Loan shall be determined in the Accessorial Agreement.
Use of the Credit Line. 3.1 Types and scope of credit line The above-mentioned credit line is (choose one among the two alternatives, by ticking “ü”):
3.1.1 General credit line, and the specific types of transactions include (fill in on the basis of facts): Working capital loan, Acceptance Non-financing letter of guarantee, Domestic letter of credit Meanwhile, Party B can (fill in “can” or “cannot”) adjust the use of the above-mentioned credit line, and (make choice by ticking “ü” below): -All types of transactions can be used with adjustment; -Certain types of transactions can be used with adjustment, that is, / ;
3.1.2 single credit line.
