Comprehensive Credit Line definition

Comprehensive Credit Line refers to the total balance amount, combining the balance at the peak of short-term cash-flow credit principals that Party A may apply to Party B for use according to terms herein during the credit period stipulated in this Agreement, based on the comprehensive credit line to Party A as determined by Party B, and the balance at the peak of total open position (i.e. cumulative open positions) for the banker’s acceptance draft/import L/C opening. The signing of this Contract does not necessarily mean that the Credit Receiver must be given the credit according to the credit line. If the Credit Receiver wants to use the credit line under this Contract, it shall make applications case-by-case by using the Appendix One hereto, i.e. ‘Application Form for the Use of Comprehensive Credit Line’. Only with agreement by the Credit Issuer, plus its signing of a specific business contract, can the Credit Receiver start to use the credit line.
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Comprehensive Credit Line means the maximum amount of the credit balance that Party B grants to Party A.
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Examples of Comprehensive Credit Line in a sentence

  • Scope of maximum amount guarantee The main contract of this contract is: Party A and Shenzhen Bestman Precision Instrument Co., LTD (hereinafter referred to as the "debtor"), the Loan Line Contract / Comprehensive Credit Line Contract (hereinafter referred to as the "Line Contract") and all single credit contracts (including loan contract, draft acceptance contract, draft discount contract, guarantee contract, etc., the same below), and its revision or supplement.

  • The interest rates or service charge rates on the Comprehensive Credit Line Services excluding Loan Services to be offered by CTS Finance to PRC Subsidiaries will not be higher than the relevant standard charges (if applicable) and benchmark discount rate promulgated by PBOC and the services charges and discount rates offered by at least two mainstream PRC financial institutions to PRC Subsidiaries for providing services of similar nature and of similar term.

  • CTS Finance will provide Comprehensive Credit Line Services to the PRC Subsidiaries pursuant to the 2018 Financial Services Framework Agreement including Loan Services, bill discounting services, issuance of acceptance bill and other comprehensive credit line services within the comprehensive credit limit offered by CTS Finance.

  • The interest rates or service charge rates on the Comprehensive Credit Line Services excluding Loan Services to be offered by CTS Finance to the PRC Subsidiaries will not be higher than the relevant standard charges (if applicable) and benchmark discount rate promulgated by PBOC and the services charges and discount rates offered by at least two mainstream PRC financial institutions to PRC Subsidiaries for providing services of similar nature and of similar term.

  • Unless the context requires or the Contract requires, in this Contract: Main contract: refers to the "Comprehensive Credit Line Agreement" signed by the Creditor and the Debtor and the contract or agreement for specific credit line business signed by the Creditor and the Debtor for each specific credit line business on the basis of the Comprehensive Credit Line Agreement.

  • Pursuant to the default terms of the Comprehensive Credit Line Contract, the Loan Bank has the right to debit directly from Tenwow Food’s account to settle all the debts incurred under the Comprehensive Credit Line Contract without the need to obtain prior consent of Tenwow Food.

  • Also, as per the Comprehensive Credit Line Contract, upon the triggering of any event of default, the Loan Bank has the right to directly recover all the loans (including contingent liabilities, interest, penalty interest and compound interest) from Tenwow Food and the realization of the cost of the Loan Bank’s rights (including but not limited to litigation costs, attorney fees, notary fees, enforcement fees, etc.), the other losses and expenses incurred by Xxxxxxxxx Warehouse.

  • Establish Meeting Date, Time and Location Moved by Antonovich, second by Smith to establish the meeting date as the second Monday of the month, with a 5:30pm start time, lo- cation Madrid Elementary Cafete- ria, located at 213 W 1st Street.

  • The Comprehensive Credit Line Amount is stipulated in Article 13 of this agreement.

  • Accordingly, the entering into of the Comprehensive Credit Line Contract constitutes a continuing connected transaction for the Company under Chapter 14A of the Listing Rules.

Related to Comprehensive Credit Line

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Cumulative Credit means the sum of (without duplication):

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Original Applicable Credit Support Percentage With respect to each Class of Subordinate Certificates, the corresponding percentage set forth opposite its Class designation: Class B-1 - 3.10%; Class B-2 - 2.05%; Class B-3 - 1.25%; Class B-4 - 0.80%; Class B-5 - 0.55%; and Class B-6 - 0.35%.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Flood Insurance Rate Map means the most recent flood hazard map published by the Federal Emergency Management Agency under the National Flood Insurance Act of 1968 (42 U.S.C. Section 4001 et seq.).

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Flood Insurance Rate Map (FIRM means the official map on which the Federal Insurance Administration has delineated both the areas of special flood hazards and the risk premium zones applicable to the community.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.