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 balancebalance , 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, ----, 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 balancebalance , 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 [ ]).