Chinese Facilities definition
Chinese Facilities means the line of credit and other extensions of credit to one or more Wholly Owned Subsidiaries of Parent that are incorporated under the Laws of the People’s Republic of China, in an aggregate principal amount at any time outstanding not to exceed $10.0 million.
Chinese Facilities means the line of credit and other extensions of credit to one or more Wholly Owned Subsidiaries of the Company that are incorporated under the laws of the People’s Republic of China, in an aggregate principal amount at any time outstanding not to exceed $10.0 million.
Examples of Chinese Facilities in a sentence
Borrowers have advised Agent and Lenders of Alpharma China's desire to enter into the Chinese Facilities with Bank of America Shanghai or another Affiliate of BofA.