Page ARTICLE 1. DEFINITIONS 1 1.1 Definitions 1 1.2 Other Definitional Terms; Rules of Interpretation 4 ARTICLE 2. AMOUNT AND TERMS OF THE CREDIT FACILITY 5 2.1 Advances 5 2.2 Procedures for Requesting Advances 5 2.3 Term of Credit Facility 5 2.4...Credit and Security Agreement • August 1st, 2012 • Smartheat Inc. • Heating equipment, except electric & warm air furnaces • New York
THIS CREDIT AND SECURITY AGREEMENT (this "Agreement") is made and effective as of July 27, 2012 by SMARTHEAT INC., a Nevada corporation (including any successor or permitted assignee thereof, the "Borrower"), in favor of NORTHTECH HOLDINGS INC., a British Virgin Islands business company (including any successor, assignee or transferee thereof, the "Lender").
