Refers to committed loan contracts signed with bank which include no cancellation commitments and conditional revocable commitments:
1.No cancellation commitments which meet any one of the following terms:
(1)There is no cancellation or exclusion clause in the loan contracts.
(2)There is an agreement in the loan contracts to collect a commitment fee.
(3)There is an obligation to disburse fund according to the planned loan contracts.
(4)Bank cannot revoke the commitments when creditors compliance with the criteria of the loan contracts.
(5)Others are not categorized in revocable commitments.
2. Revocable commitments
(1) Bank may revoke the committed loans at any time without prior notice. (Unconditional revocable commitments)
(2) Bank has automatically the right to revoke the committed loans when the borrower’s creditworthiness is derogatory. (Conditional revocable commitments)[5]
Refers to committed loan contracts signed with bank which include no cancellation commitments and conditional revocable commitments:
1.No cancellation commitments which meet any one of the following terms:
(1)There is no cancellation or exclusion clause in the loan contracts.
(2)There is an agreement in the loan contracts to collect a commitment fee.
(3)There is an obligation to disburse fund according to the planned loan contracts.
(4)Bank cannot revoke the commitments when creditors compliance with the criteria of the loan contracts.
(5)Others are not categorized in revocable commitments.
2. Revocable commitments
(1) Bank may revoke the committed loans at any time without prior notice. (Unconditional revocable commitments)
(2) Bank has automatically the right to revoke the committed loans when the borrower’s creditworthiness is derogatory. (Conditional revocable commitments)[5]