Common use of Credit Extension Clause in Contracts

Credit Extension. (1) Prior to the assignment of this agreement, Party A has passed its own investigation and credit granting process; through the confirmation, Party A awards Party B with line of credit of RMB Two Hundred Million Yuan under this agreement, in which Party B may conduct the credit assignment according to the requirements of Party A. (2) During the performance of this agreement, the line of credit may be improved through the application of Party B and approval of Party A if Party A think so. (3) The credit extension under this agreement is only applicable to the purpose of cooperative mode negotiated between both parties hereto, unless otherwise agreed.

Credit Extension. (1) Prior to the assignment of this agreement, Party A has passed its own investigation and credit granting process; through the confirmation, Party A awards Party B with line of credit of RMB Two Three Hundred Million Yuan under this agreement, in which Party B may conduct the credit assignment according to the requirements of Party A. (2) During the performance of this agreement, the line of credit may be improved through the application of Party B and approval of Party A if Party A think so. (3) The credit extension under this agreement is only applicable to the purpose of cooperative mode negotiated between both parties hereto, unless otherwise agreed.

Credit Extension. (1) Prior to Before the assignment of this agreementAgreement is concluded, Party A has passed its own investigation review and credit granting process; through the confirmation, Party A awards . Party B with has been confirmed and granted to enjoy the credit line of RMB one billion yuan, and can transfer its creditor’s rights within its credit of RMB Two Hundred Million Yuan under this agreement, in which Party B may conduct the credit assignment line according to the requirements of Party A.A’s requirement; (2) During Party B’s credit line can be improved during the performance of this agreementthe Agreement, the line of credit may be improved through the application of Party B and approval of Party A if Party A think soagrees to improve Party B’s credit line and Party B’s application is provided. (3) The Unless otherwise agreed, the credit extension under this agreement the Agreement is only applicable to used for the purpose of cooperative mode negotiated between cooperation model agreed by both parties hereto, unless otherwise agreedparties.