Common use of Credit Line Change Clause in Contracts

Credit Line Change. In case of discrepancy between this provision and Credit Line List, the latter one (including credit line change made by Client and Creditor from time to time by a signed credit line change agreement) shall prevail. If any attached instruments executed by Client and Creditor within the term conflict with this Agreement, such instruments shall be applied to the services involved. Notwithstanding the foregoing, Creditor reserves the right to notify Client of early expiration of any loan under any attached instruments in order to protect security of such loan where Creditor deems necessary to do so, in which case, Client is required to repay any debt due immediately and replenish any margin to a full amount for the letter of credit, bank guarantee/standby letter of credit and bank’s acceptance xxxx issued by Creditor upon request of Client.

Appears in 2 contracts

Samples: Agreement (Neophotonics Corp), Neophotonics Corp

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Credit Line Change. In case of discrepancy between this provision and Credit Line ListTable, the latter one (including credit line change made by Client and Creditor from time to time by a signed credit line change agreement) shall prevail. If any attached Subsequent instruments executed by Client and Creditor within the term conflict with this Agreement, such instruments shall be applied to the services involved. Notwithstanding the foregoing, Creditor reserves the right to notify Client of early expiration of any loan under any attached Subsequent instruments in order to protect security of such loan where Creditor deems necessary to do so, in which case, Client is required to repay any debt due immediately and replenish any margin to a full amount for the letter of credit, bank guarantee/standby letter of credit and bank’s acceptance xxxx issued by Creditor upon request of ClientClient and other business recognized by the Creditor.

Appears in 1 contract

Samples: Financing Credit Line Agreement (Neophotonics Corp)

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Credit Line Change. In case of discrepancy between this provision and Credit Line ListTable, the latter one (including credit line change made by Client and Creditor from time to time by a signed credit line change agreement) shall prevail. If any attached Subsequent instruments executed by Client and Creditor within the term conflict with this Agreement, such instruments shall be applied to the services involved. Credit Line Agreement Notwithstanding the foregoing, Creditor reserves the right to notify Client of early expiration of any loan under any attached Subsequent instruments in order to protect security of such loan where Creditor deems necessary to do so, in which case, Client is required to repay any debt due immediately and replenish any margin to a full amount for the letter of credit, bank guarantee/standby letter of credit and bank’s acceptance xxxx issued by Creditor upon request of ClientClient and other business recognized by the Creditor.

Appears in 1 contract

Samples: Financing Credit Line Agreement (Neophotonics Corp)

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