Comprehensive Credit Line definition

Comprehensive Credit Line refers to the total balance amount, combining the balance at the peak of short-term cash-flow credit principals that Party A may apply to Party B for use according to terms herein during the credit period stipulated in this Agreement, based on the comprehensive credit line to Party A as determined by Party B, and the balance at the peak of total open position (i.e. cumulative open positions) for the banker’s acceptance draft/import L/C opening.
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Comprehensive Credit Line refers to the total balance amount, combining the balance at the peak of short-term cash-flow credit principals that Party A may apply to Party B for use according to terms herein during the credit period stipulated in this Agreement, based on the comprehensive credit line to Party A as determined by Party B, and the balance at the peak of total open position (i.e. cumulative open positions) for the banker’s acceptance draft/import L/C opening. The signing of this Contract does not necessarily mean that the Credit Receiver must be given the credit according to the credit line. If the Credit Receiver wants to use the credit line under this Contract, it shall make applications case-by-case by using the Appendix One hereto, i.e. ‘Application Form for the Use of Comprehensive Credit Line’. Only with agreement by the Credit Issuer, plus its signing of a specific business contract, can the Credit Receiver start to use the credit line.
Sample 1
Comprehensive Credit Line means the maximum amount of the credit balance that Party B grants to Party A.
Sample 1

Examples of Comprehensive Credit Line in a sentence

  • The scope of guarantee of this Contract is as follows (tick the box before the item applicable “✓”): ✓The principal, interest, compound interest and penalty interest of all debts and the cost of realizing the creditor’s rights (including contingent debts) to be borne by the debtor under the Comprehensive Credit Line Contract P.Y (Shanghai) Z.Z. No.A454201806140001 (hereinafter referred to as the “main contract”).

  • The valid term of the Comprehensive Credit Line under this agreement is stipulated in Article 14 of this agreement.

  • The scope of guaranty hereunder (tick "√" in front of the option) þ Principal, interest, compound interest and default interest of all debts (including contingent liabilities), and expenses for realization of creditor's right bearable by the Debtor under the Comprehensive Credit Line Contract of H.X.H.F.Z.Z. No.20171026001.

  • The scope of pledge herein is as follows(tick the box before the item applicable ✓): ✓☐ The principal, interest, compound interest and penalty, the cost of realizing the creditor’s rights of all debts(including contingent debts) and the cost of custody and maintenance of the pledged objects to be borne by the debtor under the Comprehensive Credit Line Contract P.Y. (Shanghai) Z.Z. No.A454201806140001 (hereinafter referred to as the “main contract”).

  • The Comprehensive Credit Line Amount is stipulated in Article 13 of this agreement.

  • Establish Meeting Date, Time and Location Moved by Antonovich, second by Smith to establish the meeting date as the second Monday of the month, with a 5:30pm start time, lo- cation Madrid Elementary Cafete- ria, located at 213 W 1st Street.

  • Comprehensive Credit Line Amount: the maximum outstanding balance of the credit line that Party A extends to Party B under this agreement.

  • The Borrower and WeBank have entered into the Contract for Borrowing Limit or Contract for Comprehensive Credit Line (the specific contract name shall be subject to the signature of both parties, hereinafter referred to as the “Contract for Borrowing Limit”) numbered EDXS020230810004993 (the specific contract title shall be subject to the signature of both parties, hereinafter referred to as the “Comprehensive Line of Credit Contract”).

  • The Borrower and WeBank have entered into the Contract for Borrowing Limit or Contract for Comprehensive Credit Line (the specific contract name shall be subject to the signature of both parties, hereinafter referred to as the “Contract for Borrowing Limit”) numbered ED4Y020230712028029 (the specific contract title shall be subject to the signature of both parties, hereinafter referred to as the “Comprehensive Line of Credit Contract”).

  • Address: Room 000, 0xx Xxxxx, 0000 Xxxxxxxxxxx Xxxx, Xxxxxxxx Phone: Fax: Legal representative: Xxxx Xxx Postal code: This supplementary agreement is hereby entered into by and between the parties through consultation, in accordance with the provisions of Contract of Comprehensive Credit Line (No.: PINGAN BANK (SHANGHAI) Z No. A454201806140001) between the parties, and subject to relevant national laws and regulations.


More Definitions of Comprehensive Credit Line

Comprehensive Credit Line. The credit line granted by Party B to Party A shall include one or several of the following business: RMB or foreign currency working capital loans, issuance of bank acceptance of bills of exchange, discounting of bills, issuance of letters of credit, packaged loans, import xxxx advance, export xxxx purchase, bank guarantee or other business endorsed by Party B.
Sample 1

Related to Comprehensive Credit Line

  • Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Cumulative Credit means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to, without duplication:

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class M-1 ______% Class B-1 ______% Class B-2 ______%]

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Flood Insurance Rate Map means the most recent flood hazard map published by the Federal Emergency Management Agency under the National Flood Insurance Act of 1968 (42 U.S.C. Section 4001 et seq.).

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Flood Insurance Rate Map (FIRM means the official map on which the Federal Insurance Administration has delineated both the areas of special flood hazards and the risk premium zones applicable to the community.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: I 50.0 II 62.5 III 75.0 IV 87.5 V 100.0

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Revolving Credit Availability means, at any particular time, the amount by which the Maximum Revolving Credit Amount at such time exceeds the Revolving Credit Obligations at such time.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • PJM Region Installed Reserve Margin means the percent installed reserve margin for the PJM Region required pursuant to RAA, Schedule 4.1, as approved by the PJM Board.

  • Unused Revolving Credit Commitment of any Lender, at any time, means the remainder of the Revolving Credit Commitment of such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Revolving Loans made by such Lender, (b) such Lender’s LC Exposure at such time and (c) except for purposes of Section 2.12(a), such Lender’s Applicable Percentage of the aggregate Outstanding Amount of Swingline Loans.

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Most Referenced Definitions