Edit working capital 借款协议.docx

WORKING CAPITAL LOAN AGREEMENTThis WORKING CAPITAL LOAN AGREEMENT (this “Agreement”) is made as of month?day, 20xx(the “Effective Date”),Is entered betweenChina State Construction Engineering Ethiopia PLC , with principal offices at Address (“Lender”), And Company name with Address(“Borrower”).For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lender and Borrower agree as follows:1.?LoansSubject to the terms and conditions of this Agreement, from time to time during the period from the Effective Date tomonth?day, 20xx(the “Maturity Date”), Lender agrees to make loans (“Loans”) to Borrower in an aggregate principal amount outstanding not to exceed Amount in dollar(the?“Commitment Amount”) at any time. Within the foregoing limits, Borrower may borrow, repay and borrow Loans in accordance with the terms and conditions hereof.2.?Repayment of the Loans.Borrower promises to pay the then outstanding principal balance of the Loans, as long as the borrower had Dollar in its Account from its Employee (Commercial bank of Ethiopia (CBE)).3.?Procedure for Borrowing.Borrower may borrow Loans on any Business Dayprovided that?Borrower shall give written notice to Lender no later than the close of business on the day prior to the date of funding. Borrower shall give such notice in a form acceptable to Lender and each such Borrowing Notice shall specify:-The amount of Loans to be borrowed, The requested Borrowing Date and The location and number of the Borrower’s account to which funds are to be disbursed. A Loan may only be made in US Dollars. The Lender will make such Loans available to the Borrower by promptly crediting such amounts to the account of the Borrower designated by the Borrower in the applicable Borrowing Notice.6.?Borrower’s Representations and Warranties.Borrower represents and warrants to Lender that:??(a)Borrower Has been duly formed and is validly existing in good standing under the laws of Ethiopia and Is