Main articles: |
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Contract number: DLQ Jin201111210022; |
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Maximum amount of credit facilities
to be provided: RMB 80 million; |
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Term: from November 22, 2011 to
November 21, 2012; |
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Purpose of the loan is to provide
working capital for the Company; |
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If any of the following occurs, the
Creditor is entitled to demand adjustment of the maximum amount of credit
facilities: |
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The Company provides unture materials; |
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The Company uses loan proceeds for purposes
other than what is agreed without the consent of the Creditor; |
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The financial condition of the Company is in
serious difficulty; |
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The Company does not carry out its obligations; |
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Occurrence of other instances which endangers
or may endanger the safety of the loan provided by the Creditor; |
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Remedies in the event of breach of
contract include adjustment of the credit amount, suspension of credit,
and cancel the credit unprovided. |