Subsidiary Credit Agreements. 1. To facilitate the carrying out of Part A of the Project, the Recipient shall relend a part of the proceeds of the Credit amounting to Euro equivalent to eleven million one hundred eighty thousand Special Drawing Rights (SDR 11,180,000) to the Federation and the Federation shall relend said proceeds of the Credit to EPBiH under a subsidiary credit agreement to be entered into among the Recipient, the Federation and EPBiH, under terms and conditions which shall have been approved by the Association. Except as the Association shall otherwise agree, such terms and conditions shall include the following:
Subsidiary Credit Agreements. 1. To facilitate the carrying out of the BVK’s Respective Part of the Project and the SVK’s Respective Part of the Project the Recipient shall make part of the proceeds of the Financing available to the BVK and SVK under the BVK Subsidiary Credit Agreement and the SVK Subsidiary Credit Agreement, respectively. These Subsidiary Credit Agreements shall be executed under the terms and conditions approved by the Association, which shall include, inter alia, the following:
Subsidiary Credit Agreements. In the event any indebtedness under any Subsidiary Credit Agreement is prepaid, including by reason of any acceleration thereof, with funds contributed by Seller for the purpose of such prepayment, the cash payable pursuant to Section 2.2 shall be increased by an amount equal to such indebtedness. No such prepayment shall constitute a breach of this Agreement.
