DESTINATION OF THE CREDIT. THE CLIENT" undertakes to invest the amount of the granted credit to provide sufficient resources to its affiliates and subsidiaries so that they can carry out the completion of the constructions and equipment of the first phase of the project, undertaking "THE CLIENT" to credit said investment to "FÍNAMO" when requested, provided that a reasonable period has elapsed to carry out the disbursement of resources in accordance with the existing work program for the Project. In the event that "THE CLIENT" does not invest or credit having invested the amount of the granted credit, "FÍNAMO" shall have the right to demand the early maturity of the term of this contract.
DESTINATION OF THE CREDIT. The Joint Obligors shall:
DESTINATION OF THE CREDIT. The destination of the Credit is to warrant, and in its case to cover, to the holders of the of bonds resulting from the emission, the punctual payment of the amount of US $6,500,000.00 (SIX MILLION FIVE HUNDRED THOUSAND 00/100 DOLLARS) corresponding to half-yearly interest at the rate of 13% per annum, payable on the first of December 1999 under the terms of the Emission, and to finance the BORROWER for the Income Tax on interest paid in accordance with the Emission, commisions and expenses for this Credit.
