Approval and Use of the Credit Limit Clause Samples

Approval and Use of the Credit Limit. 3.1 The type of credit limit under this agreement (revolving limit or one-time limit), applicable credit business types, specific credit limit amounts corresponding to each type of credit business, whether the credit limits among different types of credit business can be adjusted, and specific usage conditions shall be subject to the contents approved by Party A. If Party A adjusts the original approval based on Party B’s application during the credit period, the subsequent approval from Party A will constitute a supplement and change to the original approval, and so on. 3.2 Party B must apply for the credit limit on a case-by-case basis and submit materials required by Party A. Each application must be approved by Party A. Party A has the right to consider its internal management requirements and Party B’s operating conditions comprehensively in deciding whether to approve the application. Party A can unilaterally reject Party B’s usage application without bearing any form of legal responsibility to Party B. If this clause is inconsistent with other relevant agreements in this agreement, this clause shall prevail.