Fees. 4.1 Commitment Fee. The Borrower will pay a non-refundable commitment fee of 0.25 % per annum (“Commitment Fee”) on undisbursed Loan amounts. The Commitment Fee is due for payment semi-annually in arrears on 30 June and 30 December of each year, for the first time on 30 December 2024, but no earlier than on the respective date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 (Entry into force and effect) hereof. The Commitment Fee will be charged if applicable with retroactive effect for the period beginning twelve months after the signing of this Loan Agreement and lasting until the date of disbursement of the Loan in full or, if applicable, until the date of definitive termination of disbursements from the Loan. 4.2 Management Fee. The Borrower will pay KfW a non-refundable one-time lump-sum management fee of 0.5 % of the Loan amount stated in Article 1.1 (Amount) hereof („Management Fee”). The Management Fee is payable on the earliest of the following two dates: (i) before the first disbursement or (ii) after six months have elapsed since the signing of this Loan Agreement by KfW or after one month has elapsed since the entry into force and effect of this Loan Agreement (whichever of the dates stated under (ii) occurs later). The Management Fee is due for payment as soon as this Loan Agreement has been signed irrespective of whether the Loan is disbursed in full or only in part or at all.
Appears in 1 contract
Samples: Loan Agreement
Fees. 4.1 Commitment Fee. The Borrower will pay a non-refundable commitment fee of 0.25 0.25% per annum (“"Commitment Fee”") on undisbursed Loan amounts. The Commitment Fee is due for payment semi-annually in arrears on 30 June 15 May and 30 December 15 November of each year, for the first time on 30 December 202415 November 2020, but no earlier than on the respective date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 (Entry into force and effect) hereof. The Commitment Fee will be charged if applicable with retroactive effect for the period beginning twelve months after the signing of this Loan Agreement and lasting until the date of disbursement of the Loan in full or, if applicable, until the date of definitive termination of disbursements from the Loan.
4.2 Management Fee. The Borrower will pay KfW a non-refundable one-time lump-sum management fee of 0.5 0.5% of the Loan amount stated in Article 1.1 (Amount) hereof („"Management Fee”"). The Management Fee is payable on the earliest of the following two dates: (i) before the first disbursement or (ii) after six months have elapsed since the signing of this Loan Agreement by KfW or after one month has elapsed since the entry into force and effect of this Loan Agreement (whichever of the dates stated under (ii) occurs later). The Management Fee is due for payment as soon as this Loan Agreement has been signed irrespective of whether the Loan is disbursed in full or only in part or at all.
Appears in 1 contract
Samples: Loan Agreement
Fees. 4.1 3.1. Commitment Fee. The Borrower will pay a non-refundable commitment fee of 0.25 % per annum (“"Commitment Fee”") on undisbursed Loan amounts. The Commitment Fee is due for payment semi-annually in arrears on 30 June 15 May and 30 December 15 November of each year, for the first time on 30 December 202415 November 2025, but no earlier than on the respective date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 14.10 (Entry into force and effect) hereof. The Commitment Fee will be charged if applicable with retroactive effect for the period beginning twelve months after the signing of this Loan Agreement and lasting until the date of disbursement of the Loan in full or, if applicable, until the date of definitive termination of disbursements from the Loan.
4.2 3.2. Management Fee. The Borrower will pay KfW a non-refundable one-time lump-sum management fee of 0.5 0.50% of the Loan amount stated in Article 1.1 (Amount) hereof („"Management Fee”). Fee"). The Management Fee is payable on the earliest of the following two dates: :
(i) before the first disbursement or (ii) after six three months have elapsed since the signing of this Loan Agreement by KfW or after one month has elapsed since the entry into force and effect of this Loan Agreement (whichever of the dates stated under (ii) occurs later). The Management Fee is due for payment as soon as this Loan Agreement has been signed irrespective of whether the Loan is disbursed in full or only in part or at all.
Appears in 1 contract
Samples: Loan Agreement
Fees. 4.1 Commitment Fee. The Borrower will pay a non-refundable commitment fee of 0.25 % per annum (“"Commitment Fee”") on undisbursed Loan amounts. The Commitment Fee is due for payment semi-annually in arrears on 30 June and 30 December of each year, for the first time on 30 December 2024, but no earlier than on the respective date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 (Entry into force and effect) hereof. The Commitment Fee will be charged if applicable with retroactive effect for the period beginning twelve months after the signing of this Loan Agreement and lasting until the date of disbursement of the Loan in full or, if applicable, until the date of definitive termination of disbursements from the Loan.
4.2 Management Fee. The Borrower will pay KfW a non-refundable one-time lump-sum management fee of 0.5 % of the Loan amount stated in Article 1.1 (Amount) hereof („"Management Fee”"). The Management Fee is payable on the earliest of the following two dates: (i) before the first disbursement or (ii) after six months have elapsed since the signing of this Loan Agreement by KfW or after one month has elapsed since the entry into force and effect of this Loan Agreement (whichever of the dates stated under (ii) occurs later). The Management Fee is due for payment as soon as this Loan Agreement has been signed irrespective of whether the Loan is disbursed in full or only in part or at all.
Appears in 1 contract
Samples: Loan Agreement
Fees. 4.1 Commitment Fee. The Borrower will pay a non-refundable commitment fee of 0.25 % per annum (“”Commitment Fee”) on undisbursed Loan amounts. The Commitment Fee is due for payment semi-annually in arrears on 30 June and 30 December of each year, for the first time on 30 December 2024, but no earlier than on the respective date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 (Entry into force and effect) hereof. The Commitment Fee will be charged if applicable with retroactive effect for the period beginning twelve months after the signing of this Loan Agreement and lasting until the date of disbursement of the Loan in full or, if applicable, until the date of definitive termination of disbursements from the Loan.
4.2 Management Fee. The Borrower will pay KfW a non-refundable one-time lump-sum management fee of 0.5 % of the Loan amount stated in Article 1.1 (Amount) hereof („Management Fee”). The Management Fee is payable on the earliest of the following two dates: (i) before the first disbursement or (ii) after six months have elapsed since the signing of this Loan Agreement by KfW or after one month has elapsed since the entry into force and effect of this Loan Agreement (whichever of the dates stated under (ii) occurs later). The Management Fee is due for payment as soon as this Loan Agreement has been signed irrespective of whether the Loan is disbursed in full or only in part or at all.
Appears in 1 contract
Samples: Loan Agreement