Comprehensive Credit Facility Agreement of Maximum Amount (“Credit Facility Agreement”) Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Debtor”) and Shenzhen Branch, China Citic Bank (the “Creditor”) Dated May 6th, 2011 Main articles:
Comprehensive Credit Facility Agreement of Maximum Amount (“Credit Facility Agreement”) Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Debtor”) and Shenzhen Branch, China Citic Bank (the “Creditor”) Dated May 6th, 2011
Main articles:
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Contract number: (2011) Shenyinsun Zongzi 003;
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Maximum amount of credit facilities to be provided: XXX 000 xxxxxxx;
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Xxxx: from May 6th, 2011 to May 6th , 2012.
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Remedies in the event of breach of contract include adjustment of the credit amount, suspension of credit, imposition of punitive interest and overdue interest, an increase of guarantee deposit and the call back of loan principal and interest before maturity.
Headlines of the articles omitted
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Termination and explanation
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Procedure on using the comprehensive credit facility
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Declaration and promise of the Debtor
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Rights and Obligations of the Debtor
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Rights and Obligations of the Creditor
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Guaranty
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Effectiveness, modification and termination of Contract
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Disputation settlement
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Validity
