Common use of Approval and Use of Credit Line Clause in Contracts

Approval and Use of Credit Line. 3.1 The credit line types (revolving or one-time) under this Agreement, credit business types covered by each credit line type, amount usable by each credit business type covered by credit line, transferability among different credit business types, specific use conditions, etc. are subject to Party A’s approval. During the credit term, if Party A adjusts its original approval for an application submitted by Party B, the subsequent approval issued by Party A shall constitute a supplementation and amendment to the original approval, and so on. 3.2 Party B’s use of the credit line must be applied for on a case-by-case basis, and Party B shall submit the materials required by Party A for Party A’s approval on a case-by-case basis. Party A may decide whether to approve the application by taking into account its internal management requirements and Party B’s business conditions. Party A may unilaterally reject Party B’s application without any legal liability whatsoever to Party B. If there is any discrepancy between this clause and other relevant provisions of this Agreement, this clause shall prevail.