Common use of LOAN AND INTEREST REPAYMENT Clause in Contracts

LOAN AND INTEREST REPAYMENT. 3.1. The Borrower shall repay the Loan Amount to the Lender at the end of the Loan Period. The payment shall be made according to the procedure established in Section 4. 3.2. The Borrower shall pay to the Lender an interest at the rate established in Section 1.5, which shall be calculated from the outstanding balance of the Loan Amount principal for each day from the disbursement date of the Loan Amount (included) up until the last day of the Loan Period (excluded). Interest calculation shall be based on presumption of a 30-day month and 360-day year. 3.3. If the payment date falls on a day off or a national holiday in Estonia or Latvia, the Borrower shall make the respective payment on the next business day following the payment date. 3.4. The Borrower or the Collateral Agent shall withhold the amounts established by any mandatory legal acts (including income tax) from the payments made to the Lender. 3.5. The Borrower shall pay interest calculated according to Section 3.2 of the Agreement at the rate of 12%, and the interest shall be spread evenly over the quarters to which it relates.

Appears in 1 contract

Samples: Loan Agreement

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LOAN AND INTEREST REPAYMENT. 3.1. The Borrower shall repay the Loan Amount to the Lender at the end of the Loan Period. The payment shall be made according to the procedure established in Section 4. 3.2. The Borrower shall pay to the Lender an interest at the rate established in Section 1.5, which shall be calculated from the outstanding balance of the Loan Amount principal for each day from the disbursement date of the Loan Amount (included) up until the last day of the Loan Period (excluded). Interest calculation shall be based on presumption of a 30-day month and 360-day year. 3.3. If the payment date falls on a day off or a national holiday in Estonia or Latvia, the Borrower shall make the respective payment on the next business day following the payment date. 3.4. The Borrower or the Collateral Agent shall withhold the amounts established by any mandatory legal acts (including income tax) from the payments made to the Lender. 3.5. The Borrower shall pay interest calculated according to Section 3.2 of the Agreement at the rate of 1236%, and the interest shall be spread evenly over the quarters to which it relates.

Appears in 1 contract

Samples: Loan Agreement

LOAN AND INTEREST REPAYMENT. 3.1. The Borrower shall repay the Loan Amount to the Lender at the end of the Loan Period. The payment shall be made according to the procedure established in Section 4. 3.2. The Borrower shall pay to the Lender an interest at the rate established in Section 1.55, which shall be calculated from the outstanding balance of the Loan Amount principal for each day from the disbursement date of the Loan Amount (included) up until the last day of the Loan Period (excluded). Interest calculation shall be based on presumption of a 30-day month and 360-day year. 3.3. If the payment date falls on a day off or a national holiday in Estonia or Latvia, the Borrower shall make the respective payment on the next business day following the payment date. 3.4. The Borrower or the Collateral Agent shall withhold the amounts established by any mandatory legal acts (including income tax) from the payments made to the Lender. 3.5. The Borrower shall pay interest calculated according to Section 3.2 of the Agreement at the rate of 1218%, and the interest shall be spread evenly over the quarters to which it relates.

Appears in 1 contract

Samples: Loan Agreement

LOAN AND INTEREST REPAYMENT. 3.1. The Borrower shall repay the Loan Amount to the Lender at the end of the Loan Period. The payment shall be made according to the procedure established in Section 4. 3.2. The Borrower shall pay to the Lender an interest at the rate established in Section 1.55, which shall be calculated from the outstanding balance of the Loan Amount principal for each day from the disbursement date of the Loan Amount (included) up until the last day of the Loan Period (excluded). Interest calculation shall be based on presumption of a 30-day month and 360-day year. 3.3. If the payment date falls on a day off or a national holiday in Estonia or Latvia, the Borrower shall make the respective payment on the next business day following the payment date. 3.4. The Borrower or the Collateral Agent shall withhold the amounts established by any mandatory legal acts (including income tax) from the payments made to the Lender. 3.5. The Borrower shall pay interest calculated according to Section 3.2 of the Agreement at the rate of 1213%, and the interest shall be spread evenly over the quarters to which it relates.

Appears in 1 contract

Samples: Loan Agreement

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LOAN AND INTEREST REPAYMENT. 3.1. The Borrower shall repay the Loan Amount to the Lender at the end of the Loan Period. The payment shall be made according to the procedure established in Section 4. 3.2. The Borrower shall pay to the Lender an interest at the rate established in Section 1.5, which shall be calculated from the outstanding balance of the Loan Amount principal for each day from the disbursement date of the Loan Amount (included) up until the last day of the Loan Period (excluded). Interest calculation shall be based on presumption of a 30-day month and 360-day year. 3.3. If the payment date falls on a day off or a national holiday in Estonia or Latvia, the Borrower shall make the respective payment on the next business day following the payment date. 3.4. The Borrower or the Collateral Agent shall withhold the amounts established by any mandatory legal acts (including income tax) from the payments made to the Lender. 3.5. The Borrower shall pay interest calculated according to Section 3.2 of the Agreement at the rate of 1217%, and the interest shall be spread evenly over the quarters to which it relates.

Appears in 1 contract

Samples: Loan Agreement

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