Payment of the Credit Line. A condition of this Credit Line Agreement and especially regarding payment of the principal and compensatory or delayed payment interest and other applicable expenses, fees, services and taxes, is that all payments must be made in the same currency that each loan was agreed upon and granted, pursuant to the provisions set forth in Article 1237 of the Civil Code. For this purpose DRP shall place at the disposal of the AGENT, proportionally to the account of the corresponding Xxxxx, at no later than 12:00 P.M. on each Maturity Date or on any other date on which a payment must be made to the AGENT or to the Xxxxx, sufficient funds to make the total payments and DRP hereby authorizes the AGENT as of this date to debit the owed amount to any of the accounts that it maintains in domestic or foreign currency at any of the AGENT’s Branches in the country or abroad, or that any funds or securities in any currency whatsoever, which the AGENT may have in its power be credited or handed over to it, without need to obtain prior authorization or future consent. The AGENT shall also be entitled to withhold and apply to the amortization and/or payment of what DRP may owe the Xxxxx, any amount, deposit or security of any nature whatsoever, that by any reason it may have in its power and that is destined to be credited or handed over to it. Later, on the same day and provided the AGENT is in receipt of the payments before 12:00 P.M., the AGENT shall distribute the funds proportionally to the corresponding Xxxxx. Payments received by the AGENT after 12:00 P.M. shall be regarded as made on the following day, in which case the delayed payment interest rate stated in Clause Four, Subclause 4.5 hereof shall apply. The AGENT is hereby expressly authorized by DRP to buy on its behalf and order, in any exchange market that is legally available, the necessary foreign currency to be applied to the amortization and/or repayment of the owed amount; by debiting any of the accounts that in domestic currency that DRP may have at the Bank or in any of the latter’s affiliates or subsidiaries.
