Common use of Term of Use of the Credit Line Clause in Contracts

Term of Use of the Credit Line. The term of use of the credit line specified in Article 2 in this Agreement shall be from the effective date of this Agreement to June 27, 2022. At the expiration of the credit line, Party B can continue to provide Party A with a new credit line by both parties signing a supplementary agreement in writing to specify the new credit line and its term of use. The supplementary agreement constitutes an integral part of this Agreement, and the provisions of this Agreement shall apply to the matters not agreed in the supplementary agreement. The supplementary agreement has the same legal effect as this Agreement. The expiration of the credit line does not affect the legal effect of this Agreement and does not lead to the termination of this agreement. All signed single business agreements under this Agreement between Party A and Party B shall continue to be valid and all rights and obligations shall be fulfilled.

Appears in 2 contracts

Samples: Line Agreement (SHENGFENG DEVELOPMENT LTD), Line Agreement (SHENGFENG DEVELOPMENT LTD)

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Term of Use of the Credit Line. The term of use of the credit line specified in Article 2 in this Agreement shall be from the effective date of this Agreement to June 27March 10, 20222021. At the expiration of the credit line, Party B can continue to provide Party A with a new credit line by both parties signing a supplementary agreement in writing to specify the new credit line and its term of use. The supplementary agreement constitutes an integral part of this Agreement, and the provisions of this Agreement shall apply to the matters not agreed in the supplementary agreement. The supplementary agreement has the same legal effect as this Agreement. The expiration of the credit line does not affect the legal effect of this Agreement and does not lead to the termination of this agreement. All signed single business agreements under this Agreement between Party A and Party B shall continue to be valid and all rights and obligations shall be fulfilled.

Appears in 2 contracts

Samples: Line Agreement (SHENGFENG DEVELOPMENT LTD), Line Agreement (SHENGFENG DEVELOPMENT LTD)

Term of Use of the Credit Line. The term of use of the credit line specified in Article 2 in this Agreement shall be from the effective date of this Agreement to June 27, 202201/09/2023. At the expiration of the credit line, Party B can continue to provide Party A with a new credit line by both parties signing a supplementary agreement in writing to specify the new credit line and its term of use. The supplementary agreement constitutes an integral part of this Agreement, and the provisions of this Agreement shall apply to the matters not agreed in the supplementary agreement. The supplementary agreement has the same legal effect as this Agreement. The expiration of the credit line does not affect the legal effect of this Agreement and does not lead to the termination of this agreement. All signed single business agreements under this Agreement between Party A and Party B shall continue to be valid and all rights and obligations shall be fulfilled.

Appears in 1 contract

Samples: Credit Line Agreement (SHENGFENG DEVELOPMENT LTD)

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Term of Use of the Credit Line. The term of use of the credit line specified in Article 2 in this Agreement shall be from the effective date of this Agreement to June 27, 2022MM/DD/2021. At the expiration of the credit line, Party B can continue to provide Party A with a new credit line by both parties signing a supplementary agreement in writing to specify the new credit line and its term of use. The supplementary agreement constitutes an integral part of this Agreement, and the provisions of this Agreement shall apply to the matters not agreed in the supplementary agreement. The supplementary agreement has the same legal effect as this Agreement. The expiration of the credit line does not affect the legal effect of this Agreement and does not lead to the termination of this agreement. All signed single business agreements under this Agreement between Party A and Party B shall continue to be valid and all rights and obligations shall be fulfilled.

Appears in 1 contract

Samples: Line Agreement (SHENGFENG DEVELOPMENT LTD)

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