Public Bank Berhad Credit Facility Agreement with Trio-Tech (KL) Sdn Bhd (OD A/C No. 3-0829164-28)

Contract Categories: Business Finance › Credit Agreements
Summary

Public Bank Berhad has granted Trio-Tech (KL) Sdn Bhd credit facilities, including an overdraft of RM30,000 and a combined limit of RM200,000 for letters of credit, trust receipts, and bankers guarantees. The overdraft facility expires on January 31, 2004, and all facilities are subject to annual review and can be recalled on demand. The bank may change the pricing structure at its discretion. Trio-Tech must keep the overdraft within the agreed limit and in good standing, or the facility may be reduced or cancelled.

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EX-10.22 3 a93259exv10w22.txt EXHIBIT 10.22 EXHIBIT 10.22 [PUBLIC BANK LOGO] Your ref : Sec Dept/OD 3-0829164-28 28 JAN 2003 PRIVATE & CONFIDENTIAL The Director Trio-Tech (KL) Sdn Bhd Blk 1008 Toa Payoh North #03-09 Singapore 318996 Dear Sir CREDIT FACILITIES GRANTED TO YOU UNDER OD A/C NO.: 3-0829164-28 We refer to the above accounts and are pleased to inform that we have approved the continuation of the facilities subject to the following:-
CREDIT FACILITY OPERATIVE LIMIT --------------- --------------- 1. Overdraft (OD) RM30,000-00 (Ringgit Malaysia : Thirty Thousand only) 2. Letter of Credit/ RM200,000-00 Trust Receipt/ (Ringgit Malaysia: Two Hundred Bankers Gurantee (LC/TR/BG) Thousand only)
The credit facilities is further subject to the following:- REPAYMENT - - Annual review - - Repayable on demand - - Notwithstanding the above, the Overdraft facility shall expire on 31 JANUARY 2004 PRICING - - We reserves the right to convert the pricing structure of the facility from the Base Lending Rate (BLR) to Cost of Funds (COF) or vice-versa as and when the need arises. OTHER - - The overdraft facility is also granted to you on condition that it is actively and satisfactorily conducted within the operative limit at all times, otherwise it may be reduce or cancelled accordingly. All other terms and conditions remain unchanged. Assuring you of our best service at all times and meantime, kindly acknowledge receipt of the above arrangement by signing and returning the copy of this letter. Yours truly for PUBLIC BANK BERHAD /s/ [ILLEGIBLE] [SEAL] Teng Wah Eng Manager TWE/CWL/fjk(rev2000) PUBLIC BANK BERHAD (6463-H) CAWANGAN AMPANG: WISMA SAUDAGAR, 420, BATU 5, JALAN AMPANG, 68000 AMPANG, SEJANGOR TELEPHONE: 03-42562333, 03-42562636 FACSIMILE: 03-42578964 WEBSITE: WWW.PUBLICBANK.COM.MY