Common use of Credit Fee Clause in Contracts

Credit Fee. (a) The Borrower shall pay a credit fee on the undisbursed balance of the Loan, at a percentage set by the Bank periodically during its review of financial charges on ordinary capital loans. The credit fee shall not exceed 0.75% per annum. (b) The credit fee will begin to accrue sixty (60) days from the date of signature of the Contract. (c) The credit fee shall cease to accrue: (i) when all disbursements have been made; and (ii) in full or in part, as the case may be, when the Loan has been totally or partially cancelled pursuant to Articles 4.02, 4.12, 4.13 or 8.02 of these General Conditions.

Credit Fee. (a) The Borrower shall pay a credit fee on the undisbursed balance of the Loan, at a percentage set by the Bank periodically during its review of financial charges on ordinary capital loans. The credit fee shall not exceed 0.75% per annum. (b) The credit fee will begin to accrue sixty (60) days from the date of signature of the Contract. (c) The credit fee shall cease to accrue: (i) when all disbursements have been made; and (ii) in full or in part, as the case may be, when the Loan has been totally or partially cancelled pursuant to Articles 4.02, 4.124.06, 4.13 4.07 or 8.02 6.02 of these General Conditions.

Credit Fee. (a) The Borrower shall pay a credit fee on the undisbursed balance of the Loan, at a percentage set by the Bank periodically during its review of financial financia! charges on ordinary capital loans. The credit fee shall not exceed 0.75% per annum. (b) The credit fee will begin to accrue sixty (60) days from the date of signature of the ofsignature ofthe Contract. (c) The credit fee shall cease to accrue: (i) when all ali disbursements have been made; and (ii) in full ful! or in part, as the case may be, when the Loan has been totally or partially cancelled pursuant to Articles 4.02, 4.12, 4.13 or 8.02 of these ofthese General Conditions.