Currency of repayments. Each repayment of a Tranche under Article 4 or, as the case may be, Article 10 shall be in the currency of the Tranche.
Currency of repayments. Each repayment of a Tranche under Article 4 or, as the case may be, Article 10 shall be in EUR. Interest and any other applicable charges payable by the Borrower under Articles 3, 4 and, where applicable, 10 shall be calculated and be payable in EUR. Any other payment shall be made in the currency specified by the Bank having regard to the currency of the expenditure to be reimbursed by means of that payment. After each disbursement of a Tranche, the Bank shall deliver to the Borrower a summary statement showing the disbursement date and amount, repayment terms and the interest rate of and for that Tranche. Such confirmation shall include an amortisation table.
Currency of repayments. Each repayment of a Tranche under Article 4 or, as the case may be, Article 9 shall be effected in euro.
Currency of repayments. Each repayment of a Tranche under Article 4 or, as the case may be, Article 10 shall be effected in EUR. Interest and other charges payable by the Borrower under Articles 3, 4 and, where applicable, 10 shall be calculated and be payable in EUR. Any payment under Article 9.02 shall be made in the currency specified by the Bank having regard to the currency of the expenditure to be reimbursed by means of that payment. After each disbursement of a Tranche, the Bank shall deliver to the Borrower a summary statement showing the disbursement date, amount, repayment terms and the interest rate of and for that Tranche. Such confirmation shall include the relevant amortisation table. The Borrower shall pay interest on the outstanding balance of each Fixed-Rate Tranche semi-annually or annually in arrears on the relevant Payment Dates, as specified in the Disbursement Notice, commencing on the first such Payment Date following the date of disbursement of the Tranche. Interest shall be calculated on the basis of Article 5.02 (i) at an annual rate that is the Fixed Rate. In this Contract, ‘‘Fixed Rate’’ means an annual interest rate determined by the Bank in accordance with the applicable principles from time to time laid down by the governing bodies of the Bank for loans made at a fixed rate of interest, denominated in EUR and bearing equivalent terms for the repayment of capital and the payment of interest. The Borrower shall pay interest on the outstanding balance of each FSFR Tranche at FSFR (as defined below) quarterly in arrears on the relevant Payment Dates, as specified in the Disbursement Notice. The Bank shall notify FSFR to the Borrower within 10 (ten) days following the commencement of each FSFR Reference Period. Interest shall be calculated in respect of each FSFR Reference Period on the basis of Article 5.02 (ii). In this Contract: Where the Borrower exercises an option to convert the interest rate basis of a FSFR Tranche, it shall, from the effective date of the conversion, pay interest at a rate determined in accordance with the provisions of the relevant Schedule to this Contract. Without prejudice to Article 10 and by way of exception to Article 3.01, interest shall accrue on any overdue sum payable under the terms of this Contract from the due date to the date of payment at an annual rate equal to the Relevant Interbank Rate plus 2% (200 basis points) and shall be payable in accordance with the demand of the Bank. For the purpose of determining the ...