Key Terms and Conditions of the Bank Credit Sample Clauses

Key Terms and Conditions of the Bank Credit. 2.1 Master Agreement(s): Agreement on Banking Transactions 2.1.1 Type of Credit: 2.2 Client(s): Name, surname (passport/personal number)
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Key Terms and Conditions of the Bank Credit. 2.1 Master Agreement(s): Agreement on Banking Transactions 2.1.1 Type of Credit: 2.2 Client(s): Name, surname (passport/personal number) 2.3 Amount of Credit: 2.3.1 Total Amount Payable by the Client: 2.4 Term: days 2.5 Interest Rate: For fully fixed-rate loans: Annual KK% Annual KK% (SS% (hereinafter the “Base Rate”) plus the Refinancing (Monetary Policy) Rate (hereinafter the “Base Rate Surplus”) set by the National Bank of Georgia as of the Date of Revision. The Indexed Interest Rate (the Base Rate plus the Public Index) will change (decrease or increase) on the following calendar day after the revision of the Public Index (hereinafter the “Date of Revision”) by the same amount as the Public Index (whether it decreases or increases). The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. If the Public Index changes, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. Example #1: If the Indexed Interest Rate on the bank credit is 10% as of the Date of Revision and after the Date of Revision the Public Index rate decreases by 0.25%, the Indexed Interest Rate on the credit will decrease accordingly to 9.75% on the following calendar day after the Date of Revision. Example #2: If the Indexed Interest Rate on the bank credit is 10% as of the Date of Revision and after the Date of Revision the Public Index rate increases by 0.25%, the Indexed Interest Rate on the credit will increase accordingly to 10.25% on the following calendar day after the Date of Revision. Information about the Public Index (index values) is available anytime: xxxx://xxx.xxx.xx/. The interest rate consists of the Base Rate plus the Base Rate Supplement (the Public Index). Rate set by the National Bank of Georgia. It may change (increase or decrease) along with the revision of the Refinancing (Monetary Policy) Rate set by the National Bank of Georgia. The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. If the Public Index changes, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. The Base Rate - is the interest rate set by the Bank which may also change (increase or decrease). The need for revision and the new rate will be determined based on the credit policy effective in ...
Sample 1
Key Terms and Conditions of the Bank Credit. 2.1 Master Agreement (s): Agreement on Banking Transactions 2.1.1 Type of Credit: Cash-covered loan 2.2 Client(s): (Personal Number/Passport Number: 2.3 Credit Amount: XX GEL/USD/EUR depending on the loan currency 2.3.1 Total Amount Payable by the Client: YY GEL/USD/EUR depending on loan currency 2.4 Term: Days 2.5 Interest Rate: Annual X% 2.5.1 Type of Interest Rate: Fixed 2.6 Purpose: Financing personal expenses 2.7 Form of Disbursement: Single tranche 2.8 Repayment Schedule: According to the attached Schedule If there is a grace period on the loan: Interest will accrue on the loan continuously and without any changes during the Grace Period and be paid after the Grace Period in accordance with the Repayment Schedule. If the loan is prepaid in full or partially during the Grace period, the Borrower shall pay all expenses accrued before the date of prepayment, including the insurance premium (in any) as well as interest (on a pro rata basis); If the loan is prepaid after the Grace period, the Borrower shall pay the full amount of interest accrued during the Grace Period (and distributed over subsequent scheduled payments), as well as the interest, insurance premium (if any) and other charges accrued after the Grace Period up to the date of prepayment. 2.9 The Bank Credit is secured by: ●Agreement(s) on Securing Liabilities by Deposit;
Sample 1

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