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ID:38497231
大小:20.70 KB
页数:5页
时间:2019-06-13
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1、WORKINGCAPITALLOANAGREEMENTThisWORKINGCAPITALLOANAGREEMENT(this“Agreement”)ismadeasofmonth day,20xx(the“EffectiveDate”),IsenteredbetweenChinaStateConstructionEngineeringEthiopiaPLC,withprincipalofficesatAddress(“Lender”),AndCompanynamewithAddress(“Borrower”).Fo
2、rgoodandvaluableconsideration,thereceiptandsufficiencyofwhichisherebyacknowledged,LenderandBorroweragreeasfollows:1. LoansSubjecttothetermsandconditionsofthisAgreement,fromtimetotimeduringtheperiodfromtheEffectiveDatetomonth day,20xx(the“MaturityDate”),Lenderag
3、reestomakeloans(“Loans”)toBorrowerinanaggregateprincipalamountoutstandingnottoexceedAmountindollar(the “CommitmentAmount”)atanytime.Withintheforegoinglimits,Borrowermayborrow,repayandborrowLoansinaccordancewiththetermsandconditionshereof.2. RepaymentoftheLoans.
4、BorrowerpromisestopaythethenoutstandingprincipalbalanceoftheLoans,aslongastheborrowerhadDollarinitsAccountfromitsEmployee(CommercialbankofEthiopia(CBE)).3. ProcedureforBorrowing.BorrowermayborrowLoansonanyBusinessDayprovidedthat Borrowershallgivewrittennoticeto
5、Lendernolaterthanthecloseofbusinessonthedaypriortothedateoffunding.BorrowershallgivesuchnoticeinaformacceptabletoLenderandeachsuchBorrowingNoticeshallspecify:-(i)TheamountofLoanstobeborrowed,(ii)TherequestedBorrowingDateand(iii)ThelocationandnumberoftheBorrower
6、’saccounttowhichfundsaretobedisbursed.ALoanmayonlybemadeinUSDollars.TheLenderwillmakesuchLoansavailabletotheBorrowerbypromptlycreditingsuchamountstotheaccountoftheBorrowerdesignatedbytheBorrowerintheapplicableBorrowingNotice.6. Borrower’sRepresentationsandWarra
7、nties.BorrowerrepresentsandwarrantstoLenderthat: (a)Borrower(i)HasbeendulyformedandisvalidlyexistingingoodstandingunderthelawsofEthiopiaand(ii)Isqualifiedtodobusinessasaforeignentityingoodstandingineachjurisdictioninwhichtheownershipofitspropertiesortheconduct
8、ofitsbusinessrequiressuchqualificationandwherethefailuretosoqualifywouldbereasonablyexpectedtohaveamaterialadverseeffectontheBorroweranditssubsidiaries,takenasawhole;and (b
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