Common use of Amendments Clause in Contracts

Amendments. 13.1. The nominal interest rate (Borrowing Rate) under the Credit Agreement may only be varied to your disadvantage to the extent that this is justified by credit policy decisions, Ferratum’s increased borrowing costs or other increases which Ferratumcould not reasonably have foreseen at the time the Credit Agreement was entered into. Notwithstanding the aforesaid, the interest rate (Borrowing Rate) may be varied in conjunction with changes to the reference rate set by Sveriges Riksbank as specified in the Specific Terms. Other fees or charges may only be changed to your disadvantage if justified by increases in the cost covered by such charges. Other amendments to the Credit Agreement may be made at any time as a consequence of changes in legislative, economic and business requirements and/or changes to the technical environment and/or changes in product or service parameters. The procedure for amendments of the Credit Agreement shall be the following: Ferratum shall inform you of the amendments proposed. The amendments shall enter into force immediately upon notification if they are not disadvantageous towards you or if they derive from the applicable law. In other cases, you shall have the right to reject such changes by terminating the Credit Agreement within ten (10) calendar days of being notified of such changes by email or by post. In such a case you shall repay any amounts due in terms of the Credit Agreement within two months from when you send notice of termination. The Credit Agreement shall terminate on the expiry of such two month period. In the meantime, your right to effect drawdowns shall be suspended. If you do not request termination of the Credit Agreement within (10) ten calendar days from being notified of the proposed amendments, you shall be considered to have accepted the proposed changes, in which case such changes shall come into effect within ten (10) calendar days from the date on which you were notified of such proposed changes.

Amendments. 13.1. The nominal interest rate (Borrowing Rate) under the Credit Agreement may only be varied to your disadvantage to the extent that this is justified by credit policy decisions, Ferratum’s increased borrowing costs or other increases which Ferratumcould Ferratum could not reasonably have foreseen at the time the Credit Agreement was entered into. Notwithstanding the aforesaid, the interest rate (Borrowing Rate) may be varied in conjunction with changes to the reference rate set by Sveriges Riksbank as specified in the Specific Terms. Other fees or charges may only be changed to your disadvantage if justified by increases in the cost covered by such charges. Other amendments to the Credit Agreement may be made at any time as a consequence of changes in legislative, economic and business requirements and/or changes to the technical environment and/or changes in product or service parameters. The procedure for amendments of the Credit Agreement shall be the following: Ferratum shall inform you of the amendments proposed. The amendments shall enter into force immediately upon notification if they are not disadvantageous towards you or if they derive from the applicable law. In other cases, you shall have the right to reject such changes by terminating the Credit Agreement within ten (10) calendar days of being notified of such changes by email or by post. In such a case you shall repay any amounts due in terms of the Credit Agreement within two months from when you send notice of termination. The Credit Agreement shall terminate on the expiry of such two month period. In the meantime, your right to effect drawdowns shall be suspended. If you do not request termination of the Credit Agreement within (10) ten calendar days from being notified of the proposed amendments, you shall be considered to have accepted the proposed changes, in which case such changes shall come into effect within ten (10) calendar days from the date on which you were notified of such proposed changes.