Common use of Key Terms of the Bank Credit Clause in Contracts

Key Terms of the Bank Credit. 2.1 Master Agreement: Agreement on Banking Transactions 2.2 Type of Credit: Consumer 2.3 Client: Name (passport no, personal ID number) 2.4 Amount: 2.5 Total Amount Payable by the Client: 2.6 Tenor: days 2.7 Interest Rate: Annual X % 2.8 Type of Interest Rate: Fixed 2.9 Purpose: 2.10 Form of Disbursement: In tranches / according to the scheduled attached 2.11 Repayment Schedule: according to the scheduled attached / If the Client draws a tranche, the Bank will set up an annuity repayment plan to cover the term of the tranche. The annuity plan envisages equal payments (principal and interest) at equal intervals. The loan is to be repaid according to plan / schedule drawn by the Bank, which does not require the Client’s signature. The Schedule will be available at any TBC Bank JSC branch/service centre or in your Internet Banking account. Interest rate shall accrue on the loan continuously and without any changes during the Grace Period (if any), and shall become payable after the Grace Period in accordance with the Repayment Schedule. If the loan is prepaid in full or in part during the Grace period, the Borrower shall settle all payments 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 settle the full amount of interest accrued during the Grace Period (and distributed over the following period in the Repayment Schedule), as well as the interest, insurance premium (if any) and other charges accrued after the Grace Period up to the date of prepayment. 2.12 Fixed Late Payment Penalty: One-time payment of no more than 20.00 GEL. Furthermore, the total expenses incurred from the date on which the payments went past due until the date they are paid in full shall not exceed 1.5x the current outstanding principal balance.

Key Terms of the Bank Credit. 2.1 Master Agreement: Agreement on Banking Transactions 2.2 Type of Credit: Consumer 2.3 Client: Name (passport no, personal ID number) 2.4 Amount: 2.5 Total Amount Payable by the Client: 2.6 Tenor: days 2.7 Interest Rate: Annual X % 2.8 Type of Interest Rate: Fixed 2.9 Purpose: 2.10 Form of Disbursement: In tranches / according to the scheduled attached 2.11 Repayment Schedule: according to the scheduled attached / If the Client draws a tranche, the Bank will set up an annuity repayment plan to cover the term of the tranche. The annuity plan envisages equal payments (principal and interest) at equal intervals. The loan is to be repaid according to plan / schedule drawn by the Bank, which does not require the Client’s signature. The Schedule will be available at any TBC Bank JSC branch/service centre center or in your Internet Banking account. Interest rate shall will accrue on the loan continuously and without any changes during the Grace Period (if any), and shall become payable be paid after the Grace Period in accordance with the Repayment Schedule. If the loan is prepaid in full or in part partially during the Grace period, the Borrower shall settle pay all payments 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 settle pay the full amount of interest accrued during the Grace Period (and distributed over the following period in the Repayment Schedulesubsequent 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. 2.12 Fixed Late Payment Penalty: One-time payment of no more than 20.00 GEL. Furthermore, the total expenses incurred from the date on which the payments went past due until the date they are paid in full shall not exceed 1.5x the current outstanding principal balance.