Common use of Other undertakings Clause in Contracts

Other undertakings. A. The Agent shall, by each Intermediary Agreement, oblige the relevant Intermediary: (a) to ensure that the all projects cost approved of each SME and Priority Project should not exceed EUR 25,000,000.00 (twenty five million euros); (b) to ensure that the amount of financing by the Bank may reach (i) up to 100% (one hundred per cent.) of the loan granted by the Intermediary to a single Final Beneficiary, but may not exceed the equivalent of EUR 12,500,000.00 (twelve million five hundred thousand euros) for SME and Mid-Cap Projects; and (ii) up to 50% (fifty per cent.) of total projects’ costs from the Bank’s funds (including indirectly through other banks) for Priority Projects;

Other undertakings. A. The Agent shall, by each Intermediary Agreement, oblige the relevant Intermediary: (a) to ensure that the all projects cost approved of each SME and Priority Project should not exceed EUR 25,000,000.00 25,000,000 (twenty five million euros); (b) to ensure that the amount of financing by the Bank may reach (i) up to 100% (one hundred per cent.) of the loan granted by the Intermediary to a single Final Beneficiary, but may not exceed the equivalent of EUR 12,500,000.00 12,500,000 (twelve million five hundred thousand euros) for SME and Mid-Cap Projects; and (ii) up to 50% (fifty per cent.) of total projects’ costs from the Bank’s funds (including indirectly through other banks) for Priority Projects;