send to the Borrower within 5 (five) Business Days after the receipt of such request a Disbursement Offer for the disbursement of a Tranche. The Disbursement Offer shall include information as set out in Schedule C; or

notify the Borrower that the terms of the disbursement of the requested Tranche shall be agreed during a recorded live pricing call to be held between the Bank and the Borrower (the “Live Pricing Tranche”). In such case, subject to Articles 1.4.B and 1.4.C, and following a successful live pricing call between the Bank and the Borrower during which the Parties agree on the terms of the disbursement of the requested Tranche, the Bank shall send to the Borrower, on the same Business Day and after such successful pricing call, a Disbursement Offer reflecting the terms agreed during the call, which shall include information as set out in Schedule C. The Borrower shall confirm the Live Pricing Tranche as an Accepted Tranche and accept a Disbursement Offer by delivering a Disbursement Acceptance to the Bank by no later than the Disbursement Acceptance Deadline pursuant to paragraph (a) of Article1.2.C. The latest time for conclusion of a successful live pricing process is 5 (five) Business Days before the Final Availability Date. The Parties understand that: (i) in case the Borrower does not agree to the live pricing call being arranged, the Borrower will not receive any Disbursement Offer and (ii) the Borrower is at liberty to reject the terms offered during the live pricing call. The latest time for receipt by the Bank of such Borrower’s request under this

Article 1.2.B

is 15 (fifteen) Business Days before the Final Availability Date.