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Comprehensive Credit-Extension Agreement综合贷款协议
Credit Giver: AAA LTD. (hereinafter referred to Party A)
Address: _________
Tel.: _________
Fax: _________
Creditor: BBB Bank, _________ Branch, _________ (hereinafter referred to Party B)
Address: _________
Tel.: _________
Fax: _________
WHEREAS, In light of Act on Commercial Bank of Peoples Republic of China, through equal negotiation, both parties reach the Agreement as follows and agree it is binding on them both:
Chapter One: Definition and Interpretation
Article One:The following terms set forth in the Agreement has the meaning as such, except otherwise defined by the text of the Agreement:
Comprehensive credit extension: one or more kind(s) of conditional promise mortgaged on credit extended by Party B to Party A.
Specific transaction: specific credit extension transaction as loan extension, banks acceptance bill and trade financing provided by Party B in accordance with Party Bs comprehensive credit-extension to Party A.
Maximum credit extension margin: maximum balance of principals of the debts in all items of specific transactions, which Party A may use on application to Party B during the term of comprehensive credit extension agreed on in this Agreement and is determined on Party Bs comprehensive credit extension to Party A.
Specific credit extension margin: maximum balance of principal of the debt in one item of specific transaction, which Party A may use on application to Party B during the term of comprehensive credit extension agreed on in this Agreement and is determined within maximum credit extension margin.
Used credit extension margin: summation of balance of principal of the debt in one item of specific transaction, which Party A hasnt repaid during the term of comprehensive credit extension agreed on in this Agreement and is determined within specific credit extension margin Maximum stand-by credit-extension margin: balance between maximum credit extension margin and all used credit extension margins.
Stand-by credit extension margin: balanc
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