Effective Global Rate (Taux Effectif Global. In order to comply with Articles L. 314-1 to L.314-5 and R.314-1 et seq. of the French Consumer Code and L. 313-4 of the French Monetary and Financial Code, the Lender informs the Borrower, and the Borrower accepts, that the effective global rate (taux effectif global) applicable to the Facility may be valued at an annual rate of three point eighty-three per cent (3.83%) on the basis of a three hundred and sixty-five (365) day year, and an Interest Period of six (6) months, at a period rate of one point ninety per cent (1.90%), subject to the following:
Effective Global Rate (Taux Effectif Global. In order to comply with Articles L. 314-1 to L.314-5 and R.314-1 et seq. of the French Consumer Code and L. 313-4 of the French Monetary and Financial Code, the Lender informs the Borrower, and the Borrower accepts, that the effective global rate (taux effectif global) applicable to the Facility may be valued at an annual rate of three point eighty-three per cent (3.83%) on the basis of a three hundred and sixty-five (365) day year, and an Interest Period of six (6) months, at a period rate of one point ninety per cent (1.90%), subject to the following:
(a) the above rate is given for information purposes only;
(b) the above rate is calculated on the basis that:
(a) drawdown of the Facility is in full at fixed rate on the Signing Date;
(b) the fixed rate for the duration of the facility should be equal to three point seventy per cent (3.70%); (c) the above rate takes into account the fees and costs payable by the Borrower under this Agreement, assuming that such fees and costs will remain fixed and will apply until the expiry of the term of this Agreement.