Common use of Charges, Commissions and Fees Clause in Contracts

Charges, Commissions and Fees. (a) The Borrower shall pay to EBRD during the Commitment Period a commitment charge at the rate of 0.5% per annum on so much of the Tranche 1 Loan as has not, from time to time, been disbursed to the Borrower or cancelled and 0.1% per annum until the date of the first Disbursement of the Tranche 2 Loan rising to 0.5% per annum thereafter, in each case, on so much of the Tranche 2 Loan as has not, from time to time, been disbursed to the Borrower or cancelled. The commitment charge shall accrue from day to day, from the date which is 30 days after the date of this Agreement. The commitment charge shall be calculated on the basis of the actual number of days elapsed in the relevant period and a 360-day year and shall be due and payable semi-annually in arrears starting on the date falling six (6) months after the date of this Agreement, provided that that last payment will be made on last date of the Availability Period. (b) The Borrower shall pay to EBRD a front-end commission of: (1) 0.75% of the Tranche 1 Loan on the earlier of the date falling (i) three (3) Business Days prior to the first Disbursement of the Tranche 1 Loan and (ii) sixty (60) days after the date of this Agreement; (2) 0.1% of the Tranche 2 Loan on the earlier of the date falling (i) three (3) Business Days prior to the first Disbursement of the Tranche 2 Loan and (ii) sixty (60) days after the date of this Agreement; and (3) 0.65% of the Tranche 2 Loan on or before the first Disbursement of the Tranche 2 Loan.

Charges, Commissions and Fees. (a) The Borrower shall pay to EBRD during the Commitment Period a commitment charge at the rate of 0.5% per annum on so much of the Tranche 1 Loan as has not, from time to time, been disbursed to the Borrower or cancelled and 0.1% per annum until the date of the first Disbursement of the Tranche 2 Loan rising to 0.5% per annum thereafter, in each case, on so much of the Tranche 2 Loan as has not, from time to time, been disbursed to the Borrower or cancelled. The commitment charge shall accrue from day to day, from the date which is 30 days after the date of this Agreement. The commitment charge shall be calculated on the basis of the actual number of days elapsed in the relevant period and a 360-day year and shall be due and payable semi-annually in arrears starting on the date falling six (6) months after the date of this Agreement, provided that that last payment will be made on last date of the Availability Period. (b) The Borrower shall pay to EBRD a front-end commission of: (1) 0.75% of the Tranche 1 Loan on the earlier of the date falling (i) three (3) Business Days prior to the first Disbursement of the Tranche 1 Loan and (ii) sixty (60) days after the date of this Agreement; (2) 0.1% of the Tranche 2 Loan on the earlier of the date falling (i) three (3) Business Days prior to the first Disbursement of the Tranche 2 Loan and (ii) sixty (60) days after the date of this Agreement; and (3) 0.65% of the Tranche 2 Loan on or before the first Disbursement of the Tranche 2 Loan. (c) The Borrower shall pay to EBRD a disbursement charge of 0.5% of the Tranche 2 Loan. Such disbursement charge shall be due and payable on or before the first Disbursement of the Tranche 2 Loan. (d) The charges, commissions and fees referred to in this Section 3.04 are non-refundable and are exclusive of any Tax which might be chargeable in connection with such charges, commissions or fees. If any such Tax becomes chargeable, the Borrower shall pay such Tax to EBRD at the same time that the relevant charge, commission or fee becomes due and payable.