Conditions, Procedures and Regulations of Use of the Credit. 3.1. The rule of issuance of the Credit Amount within the
3.1.1. On the basis of a positive decision of the Bank’s authorized body regarding the approval of the Credit, the Bank and the Customer have entered into the Credit Agreement which sets forth particular terms and conditions for the use of the Credit.
3.1.2. The Credit Amount within the Credit will be allocated on the basis of application submitted by the Customer, within 10 (ten) calendar days after submitting the relevant application, provided that all conditions envisaged by the Agreement are met in a form acceptable to the Bank.
3.1.3. In cases envisaged by the Agreement and/or its Annexes, the Credit Amount may be allocated entirely or in several installments (parts), under the term and on the conditions set forth in the Agreement and/or its Annexes.
3.2. Interest, Commission Fee and the rule of their calculation and charging
3.2.1. The form and amount of the Interest and the Commission Fee shall be determined by the Agreement.
3.2.2. The Interest is calculated according to the actual days of use of the Credit determined by the Agreement, calculating 365 (three hundred sixty five) days per annum.
3.2.3. The Commission fee is calculated according to the form and periodicity as determined by the Agreement. Besides, if the annual Commission Fee is envisaged, it shall be calculated according to the rule set forth for calculation of the Interest, and in other cases - according to the other rule envisaged by Agreement.
3.2.4. The Interest (as not received benefit) shall continue to be charged and shall be subject to repayment in case of delay of the Credit payments, notwithstanding the effectiveness or full or partial termination of the Agreement, until the moment of forced or voluntary repayment of the Credit by the Customer.
3.3. Fine (Penalty) for violation of conditions of use of the
3.3.1. The amount of the Penalty for violation of conditions of use of the Credit is determined by the Agreement.
3.3.2. The Penalty shall continue to be charged and shall be subject to payment in case of delay of the Credit payments, notwithstanding the effectiveness or termination of the Agreement, until the moment of forced or voluntary repayment of indebtedness envisaged by the Agreement by the Customer.
3.3.3. Payment of the Penalty does not exempt the Customer from fulfillment (payment) of obligations (payables) assumed under the Agreement.
3.4. Order of payment of the Credit Amount, Interest, Commission fee, F...
