Borrower’s obligation to repay Loan. (a) The Borrower shall repay the Repayable Amount:
(i) in relation to the Initial Loan together with all accrued interest thereon (each an “Initial Loan Maturity Date”) on the date which is twenty four (24) months from the date of the Initial Loan First Disbursement; and
(ii) in relation to the Accordion together with all accrued interest on the Accordion, on the date which is twenty-four (24) months from the date of the first disbursement under the Accordion (the “Accordion Maturity Date”).
(b) Any certification or determination by the Lender of the relevant Repayable Amount, including, for the avoidance of doubt, the amounts set out in clauses 2.3(i)(i) and 2.3(i)(ii), is, in the absence of manifest error, conclusive evidence of the matters to which it relates. The Lender may provide the relevant certification or determination to the Borrower in writing (including by email).
(c) All repayments of the Loan shall be applied first to the accrued interest, and thereafter to the principal amount of the Loan.
(d) The obligation of the Borrower to repay the Repayable Amount shall be deemed duly performed after the funds in the amount of the Repayable Amount were duly credited to the bank account of the Lender.
Borrower’s obligation to repay Loan. The obligation of the Borrower to repay the Loan from the Revenues shall not be revocable, and if services supplied by any portion of the System shall cease, or be suspended for any reason, the Borrower shall continue to be obligated to repay the Loan from the Service Charges.
