The Minimum Drawdown Amount shall be EUR 50,000, provided that the maximum number of Drawdowns shall be limited to 50 Drawdowns.
b)
The Minimum Prepayment Amount shall be EUR 1,000,000.
c)
The Minimum Cancellation Amount shall be EUR 1,000,000.
d)
The Interest Payment Dates shall be 25 April and 25 October of each year.
e)
(1) The Borrower shall repay the Loan in 19 equal (or as nearly equal as possible) semi-annual instalments on 25 April and 25 October of each year, with the first Loan Repayment Date being 25 April 2027 and the last Loan Repayment being 25 April 2036.
(2)
Notwithstanding the foregoing, in the event that (i) the Borrower does not draw down the entire Loan amount prior to the first Loan Repayment Date specified in this
(f) below to a date which falls after such first Loan Repayment Date, then the amount of each drawdown made on or after the first Loan Repayment Date shall be allocated for repayment in equal amounts to the several Loan Repayment Dates which fall after the date of such drawdown (with the Bank adjusting the amounts so allocated as necessary so as to achieve whole numbers in each case). The Bank shall, from time to time, notify the Borrower of such allocations.
f)
The Last Availability Date shall be the fourth anniversary of the date of this Agreement, or such later date that the Bank may notify to the Borrower. Any extension of the Last Availability Date will be agreed through the means of exchange of letters between the Bank and the Borrower.
g)
The rate of the Commitment Charge shall be 0.5% per annum. The Commitment Charge shall accrue from the date sixty (60) days after the date of this Agreement for the Loan.
h)
The rate of the Front-end Commission shall be 1% of the Loan.
i)
The Loan is subject to a Variable Interest Rate. Notwithstanding the foregoing, the Borrower may, as an alternative to paying interest at a Variable Interest Rate on all or any portion of the Loan then outstanding, elect to pay interest at a Fixed Interest Rate on such portion of the Loan in accordance with Section 3.04(c) of the Standard Terms and Conditions.
The Available Amount may be drawn down from time to time in accordance with the provisions of Schedule 2 to finance expenditures made (or, if the Bank so agrees, to be made) in respect of the reasonable cost of goods, works and services required for the Project.
(c) of the Standard Terms and Conditions, the Borrower has opted not to have the Front-end Commission paid out of the Available Amount and shall instead pay the Front-end Commission out of its own resources. The payment of the Front-end Commission by the Borrower shall be made pursuant to