Common use of Scope of Business Clause in Contracts

Scope of Business. Party B will provide Party A the line of credit as agreed in the Agreement. Party A may, subject to the preconditions as agreed herein and in relevant single agreement, apply to Party B for revolving use, adjustment or one-time use of the line of credit for the purpose of RMB short-term loan, foreign currency short-term loan, trade financing, Letter of Guarantee, funding business and other credit business (collectively referred to as “single loan business”). Trade financing, as mentioned herein, includes opening international L/C, opening domestic L/C, import xxxx advance, lading guarantee, packing credit, export xxxx advance, discounting acceptance draft under time L/C, buyer xxxx advance for domestic L/C, seller xxxx advance for domestic L/C, negotiation of domestic L/C and other international and domestic trade financing businesses.

Scope of Business. Party B will provide Party A the line of credit as agreed in the Agreement. Party A may, subject to the preconditions as agreed herein and in relevant single agreement, apply to Party B for revolving use, adjustment or one-time use of the line of credit for the purpose of RMB short-term loan, foreign currency short-term loan, trade financing, Letter of Guarantee, funding business and other credit business (collectively referred to as “single loan business”). Trade financing, as mentioned herein, includes opening international L/C, opening domestic L/C, import xxxx bxxx advance, lading guarantee, packing credit, export xxxx bxxx advance, discounting acceptance draft under time L/C, buyer xxxx bxxx advance for domestic L/C, seller xxxx bxxx advance for domestic L/C, negotiation of domestic L/C and other international and domestic trade financing businesses.

Scope of Business. Party B will provide Party A the line of credit as agreed in the Agreement. Party A may, subject to the preconditions as agreed herein and in relevant single agreement, apply to Party B for revolving use, adjustment or one-time use of the line of credit for the purpose of RMB short-term loan, foreign currency short-term loan, trade financing, Letter of Guarantee, funding business and other credit business (collectively referred to as “single loan business”). Trade financing, as mentioned herein, includes opening international L/C, opening domestic L/C, import xxxx bxxx advance, lading loading guarantee, packing credit, export xxxx bxxx advance, discounting acceptance draft under time L/C, buyer xxxx bxxx advance for domestic L/C, seller xxxx bxxx advance for domestic L/C, negotiation of domestic L/C and other international and domestic trade financing businesses. The letter of guarantee businesses referred to in this agreement includes all kinds of international and domestic businesses.