Terms and Conditions of Sub-loans. 1. Except as the Bank shall otherwise agree, each Sub-loan shall be made on terms and conditions, including those relating to the maturity, interest rate and other charges determined in accordance with the Borrower’s investment and lending policies and practices, provided, however, that: (a) the interest rate to be charged on the principal amount thereof withdrawn and outstanding from time to time, shall equal at least the rate of interest applicable from time to time to the Loan pursuant to Section 2.04 of this Agreement plus the administrative costs of the Borrower and an appropriate credit risk margin; and (b) the sub-loan shall have a minimum maturity period of two (2) years.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
