Common use of Facility Limit Clause in Contracts

Facility Limit. 1.1 Party A grants Party B a facility limit of Renminbi three hundred million only (including the amount equivalent in other currencies, where “the exchange rates applied will be the rates published by Party A at the time each specific service is provided, the same applies hereinafter), which is (please select with “ü”) [ü] revolving facility of Renminbi three hundred million only; [ ] one-off facility of . Revolving facility limit means the maximum limitation of the sum of principal balances of credit facilities Party A offers to Party B like continuous, revolving loans, trade financing, discounting bills of exchange, commercial ▇▇▇▇ acceptance, letters of guarantee, legal person account overdraws, domestic factoring etc. One-off credit facility is the amount specified herein which cannot be exceeded during the term of facility by the accumulated amount of all cases of credit granting Party B applies for with Party A case by case. Party B shall not revolve the one-off facility. The amounts corresponding to a number of cases of credit granting applied for by Party B will use the one-off facility until the credit line is reached. “Trade Financing” includes such services as issuance of letter of credit, import ▇▇▇▇ advance, delivery against bank guarantee, import collection ▇▇▇▇ advance, packing loan, export ▇▇▇▇ purchase, export collection ▇▇▇▇ purchase, import/export remittance financing, short-term credit insurance financing, import factoring, export factoring (two-factor non-recourse factoring except that in Party A’s system, the same applies hereinafter etc. 1.2 If Party A operates in import factoring, domestic non-recourse factoring where Party B is the payer, the creditor’s rights of receivables from Party B that is assigned to Party A shall use the above facility; if Party B applies for domestic factoring or export factoring services with recourse with Party A, the basic purchase fund (basic factoring fund) shall use the above facility. 1.3 Where after issuing a letter of credit, Party A authorizes other China Merchants Bank branches to issue letters of credit to beneficiaries for the requirement of its internal process, the issuance of such L/C and the import ▇▇▇▇ advance and delivery against bank guarantee there under shall use the above facility; 1.4 The above facility shall not include the portion of facility amount corresponding to the guarantee deposit or deposit certificate hypothecation provided by Party B or the third party for a particular service only under this Agreement. The same shall apply hereinafter. 1.5 The outstanding balance , if any, for specific services provided under the previous facility agreement numbered between Party A and Party B shall be included automatically in this Agreement as of the effective date of this Agreement and directly use the facility under this Agreement (if this clause applies, please tick in [ ]).

Facility Limit. 1.1 Party A grants Party B a facility limit of Renminbi three hundred million only (including the amount equivalent in other currencies, where “the exchange rates applied will be the rates published by Party A at the time each specific service is provided, the same applies hereinafter), which is (please select with “ü”) [ü] revolving facility of Renminbi three hundred million only; [ ] one-off facility of / . Revolving facility limit means the maximum limitation of the sum of principal balances of credit facilities Party A offers to Party B like continuous, revolving loans, trade financing, discounting bills of exchange, commercial ▇▇▇▇ acceptance, letters of guarantee, legal person account overdraws, domestic factoring factoring, ----, etc. One-off credit facility is the amount specified herein which cannot be exceeded during the term of facility by the accumulated amount of all cases of credit granting Party B applies for with Party A case by case. Party B shall not revolve the one-off facility. The amounts corresponding to a number of cases of credit granting applied for by Party B will use the one-off facility until the credit line is reached. “Trade Financing” includes such services as issuance of letter of credit, import ▇▇▇▇ advance, delivery against bank guarantee, import collection ▇▇▇▇ advance, packing loan, export ▇▇▇▇ purchase, export collection ▇▇▇▇ purchase, import/export remittance financing, short-term credit insurance financing, import factoring, export factoring (two-factor non-recourse factoring except that in Party A’s system, the same applies hereinafter hereinafter), ----, etc. 1.2 If Party A operates in import factoring, domestic non-recourse factoring where Party B is the payer, the creditor’s rights of receivables from Party B that is assigned to Party A shall use the above facility; if Party B applies for domestic factoring or export factoring services with recourse with Party A, the basic purchase fund (basic factoring fund) shall use the above facility. 1.3 Where after issuing a letter of credit, Party A authorizes other China Merchants Bank branches to issue letters of credit to beneficiaries for the requirement of its internal process, the issuance of such L/C and the import ▇▇▇▇ advance and delivery against bank guarantee there under shall use the above facility;. 1.4 The above facility shall not include the portion of facility amount corresponding to the guarantee deposit or deposit certificate hypothecation provided by Party B or the third party for a particular service only under this Agreement. The same shall apply hereinafter. 1.5 The outstanding balance balance, if any, for specific services provided under the previous facility agreement numbered / between Party A and Party B shall be included automatically in this Agreement as of the effective date of this Agreement and directly use the facility under this Agreement (if this clause applies, please tick in [ ]).

Facility Limit. 1.1 Party A grants Party B a facility limit of Renminbi three hundred fifty million only (including the amount equivalent in other currencies, where “the exchange rates applied will be the rates published by Party A at the time each specific service is provided, the same applies hereinafter), which is (please select with “ü”) [ü] revolving facility of Renminbi three hundred fifty million only; [ ] one-off facility of . Revolving facility limit means the maximum limitation of the sum of principal balances of credit facilities Party A offers to Party B like continuous, revolving loans, trade financing, discounting bills of exchange, commercial ▇▇▇▇ acceptance, letters of guarantee, legal person account overdraws, domestic factoring etc. One-off credit facility is the amount specified herein which cannot be exceeded during the term of facility by the accumulated amount of all cases of credit granting Party B applies for with Party A case by case. Party B shall not revolve the one-off facility. The amounts corresponding to a number of cases of credit granting applied for by Party B will use the one-off facility until the credit line is reached. “Trade Financing” includes such services as issuance of letter of credit, import ▇▇▇▇ advance, delivery against bank guarantee, import collection ▇▇▇▇ advance, packing loan, export ▇▇▇▇ purchase, export collection ▇▇▇▇ purchase, import/export remittance financing, short-term credit insurance financing, import factoring, export factoring (two-factor non-recourse factoring except that in Party A’s system, the same applies hereinafter hereinafter) etc. 1.2 If Party A operates in import factoring, domestic non-recourse factoring where Party B is the payer, the creditor’s rights of receivables from Party B that is assigned to Party A shall use the above facility; if Party B applies for domestic factoring or export factoring services with recourse with Party A, the basic purchase fund (basic factoring fund) shall use the above facility. 1.3 Where after issuing a letter of credit, Party A authorizes other China Merchants Bank branches to issue letters of credit to beneficiaries for the requirement of its internal process, the issuance of such L/C and the import ▇▇▇▇ advance and delivery against bank guarantee there under shall use the above facility; 1.4 The above facility shall not include the portion of facility amount corresponding to the guarantee deposit or deposit certificate hypothecation provided by Party B or the third party for a particular service only under this Agreement. The same shall apply hereinafter. 1.5 The outstanding balance , if any, for specific services provided under the previous facility agreement numbered between Party A and Party B shall be included automatically in this Agreement as of the effective date of this Agreement and directly use the facility under this Agreement (if this clause applies, please tick in [ ]).