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2 similar Comprehensive Credit Facility Agreement contracts by China Bak Battery Inc
Summary ------- Comprehensive Credit Facility Agreement of Maximum Amount Entered Between the Company and Agricultural Bank Summary of the main contents >> Contract number: (Shenzhen Longgang Nongyin Shouzi No.20050237000; >> Maximum amount for credit...Comprehensive Credit Facility Agreement • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
>> Contract number: (Shenzhen Longgang Nongyin Shouzi No.20050237000; >> Maximum amount for credit facilities to be provided: RMB50 million; >> Term: from July 29th, 2005 to January 29, 2006; >> Interest rate of loan shall be subject to each loan agreement/contract to be signed; >> Purpose: Working capital; >> Adjustment of credit can be made by Agricultural Bank under the any of the following: |X| The Company suffers severe operational risk or its financial situation severely deteriorates; |X| Guarantor's payment ability is obviously weakened or value of pledged collaterals decreases obviously; |X| Occurrence of other instances which make Agricultural Bank think adjustment of credit facility is necessary. >> Breach of contract penalty: adjustment of credit, cancellation of unused credit, imposition of punitive interest, demand prepayment of loan and other measures; >> Special terms: This line of credit is added on the basis of the line of credit of 200 million yuan.
Standard Contracts
Summary ------- Comprehensive Credit Facility Agreement of Maximum Amount Entered Between the Company and Agricultural Bank Main contents: >> Contract number: (Shenzhen Longgang Nongyin Shouzi No.200502370001; >> Maximum amount for credit facilities...Comprehensive Credit Facility Agreement • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
>> Contract number: (Shenzhen Longgang Nongyin Shouzi No.200502370001; >> Maximum amount for credit facilities to be provided: RMB200 million; >> Term: from May 20th, 2005 to May 20, 2006; >> Interest rate of loan shall be subject to each loan agreement/contract to be signed; >> Purpose: working capital; >> Adjustment of credit can be made by Agricultural Bank under the any of the following: |X| The Company suffers severe operational risk or its financial situation severely deteriorates; |X| Guarantor's payment ability is obviously weakened or value of pledged collaterals decreases obviously; |X| Occurrence of other instances which make Agricultural Bank think adjustment of credit facility is necessary. >> Breach of contract penalty: adjustment of credit, cancellation of unused credit, imposition of punitive interest, demand prepayment of loan and other measures; >> Special term: The Company undertakes that it authorizes Lender to go through the formalities and procedures required for