THE LENDER’S RIGHTS AND AUTHORITY. 6.10.1. For the purposes of timely and proper performance by the Borrower of obligations (compliance with the Bank requirements) for Credit repayment, payment of interest, fees and penalties accrued for its use, the Borrower hereby grants to the Bank an unconditional and irrevocable right, commencing from the Credit repayment date, payment of accrued interest, fees and penalties, as well as in case of the right of early debt repayment and interest payable, write off monetary funds by collection orders of the Bank (without additional orders of the Borrower):
Appears in 5 contracts
Samples: Credit Facility Agreement (Mechel OAO), Credit Facility Agreement (Mechel OAO), Credit Facility Agreement (Mechel OAO)
