Common use of REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION Clause in Contracts

REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. (a) Clause 7 of the Master Facility Agreement shall apply to this Bank Recapitalisation Facility (b) In addition to the repayment obligations set out in Clause 7 of the Master Facility Agreement, if on 15 July 2014 the Beneficiary Member State or FROB has received an amount in euros or received delivery of EFSF Debt Securities as Financial Assistance under the Master Facility Agreement and these Facility Specific Terms and such amounts or such EFSF Debt Securities have not at that time been used to subscribe or to pre-subscribe for Bank Capital Instruments in financial institutions or AMCs as contemplated by the MoU then, upon written notice by EFSF, the Beneficiary Member State shall repay the Financial Assistance in a principal amount equal to the sum of (i) such euro amounts and (ii) the aggregate nominal principal face amount of such EFSF Debt Securities (being of the same series as the EFSF Debt Securities used for the relevant disbursement and in case of a partial reimbursement of this Bank Recapitalisation Facility in equal amounts of each series of EFSF Debt Securities used for the disbursement), together with all accrued interest on the reimbursed amount within ten (10) Business Days of such notice. Such reimbursement shall constitute a scheduled repayment and not a voluntary or mandatory pre-payment.