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 20 April and 20 October of each year.
e)
(1) The Borrower shall repay the Loan in 22 equal (or as nearly equal as possible) semi-annual instalments on 20 April and 20 October of each year, with the first Loan Repayment Date being 20 October 2029 and the last Loan Repayment Date being 20 April 2040.
(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 date of the fourth anniversary of the date of this Agreement, or such later date requested by the Borrower and approved by the Bank (in its sole discretion). If the Available Amount, or any part thereof, is subject to a Fixed Interest Rate (in case if the Borrower would exercise its right to elect to pay interest at a Fixed Interest rate under
(h) below), and the Bank postpones the Last Availability Date, the Borrower shall promptly pay to the Bank such amount of Unwinding Costs as shall, from time to time, be notified by the Bank in writing to the Borrower.
g)
The rate of the Commitment Charge shall be 0.5% per annum.
h)
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.
i)
The Borrower shall pay to the Bank a front-end commission equal to 1% of the principal amount of the Loan. The Bank shall, on behalf of the Borrower, withdraw such amount from the Available Amount of the Loan on the Effective Date, or within seven (7) days thereafter, as payment of the amount of such front-end commission.
The Available Amount may be drawn down from time to time in accordance with the provisions of Schedule 2 to finance (A) 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 and (B) the Front-end Commission.