Facility Extension. Subject to the terms and conditions stipulated in this Agreement, the Bank agrees to make available the following Facility to the Company. Total utilized Facility under all sub-limits shall not at any time exceed the above mentioned combined limit. Interest rates applicable on outstanding balance of each drawdown will be [USD/VND/ other currencies Base Lending Rate (of selected tenor as mentioned in the relevant drawdown notice (the “Drawdown Notice”))] [USD [3] [6] [12]-month LIBOR] plus a margin of UP TO xxx% p.a (the “Margin”) as decided by the Bank and payable in arrears by debiting from the Company’s relevant account with the Bank in accordance with instructions in the Drawdown Notice. The specific interest rate of a Loan will be confirmed in form of a Loan Drawdown Advice/Loan Customer Advice (or similar document) (the “Loan Advice”) to be issued by the Bank to the Company immediately after the disbursement of such loan and after each interest rate review date if applicable. The interest rate of a Loan of a certain interest rate fixing period will be same with that of the immediately preceding interest rate fixing period if there is no Loan Advice issued for such interest rate fixing period. If there is any inconsistency between the Loan Advice and the Drawdown Notice regarding the applicable interest rate, the Loan Advice shall prevail. The interest shall be calculated on a daily basis as from and including the day the Bank disburses the drawdown amount and excluding the day the loan is repaid, regardless whether or not such amount is successfully transferred to the beneficiary.] For the purpose of clause 1, USD/VND/other currencies Base Lending Rate (“BLR”) means the rate per annum determined by the Bank reflecting cost of funding incurred by the Bank in respect of raising funds denominated in USD/VND/other currencies for the purpose of extending credit on the utilization date. The specific interest rate confirmed in the Loan Advice [and/or OD Statement] by the Bank is calculated on the basis of BLR for a year of three hundred and sixty (360) days. BLR calculated on the basis of a year of three hundred and sixty (360) days and a year of three hundred and sixty five (365) days will be published by the Bank on its public website or other means that the Bank thinks fit.]
Appears in 1 contract
Sources: General Facility Agreement
Facility Extension. Subject to the terms and conditions stipulated in this Agreement, the Bank agrees to make available the following Facility to the Company. Total utilized Facility under all sub-limits shall not at any time exceed the above mentioned combined limit. Interest rates applicable on outstanding balance of each drawdown will be [USD/VND/ other currencies Base Lending Rate (of selected tenor as mentioned in the relevant drawdown notice (the “Drawdown Notice”))] [USD [3] [6] [12]-month LIBOR] plus a margin of UP TO xxx% p.a (the “Margin”) as decided by the Bank and payable in arrears by debiting from the Company’s relevant account with the Bank in accordance with instructions in the Drawdown Notice. The specific interest rate of a Loan will be confirmed in form of a Loan Drawdown Advice/Loan Customer Advice (or similar document) (the “Loan Advice”) to be issued by the Bank to the Company immediately after the disbursement of such loan and after each interest rate review date if applicable. The interest rate of a Loan of a certain interest rate fixing period will be same with that of the immediately preceding interest rate fixing period if there is no Loan Advice issued for such interest rate fixing period. If there is any inconsistency between the Loan Advice and the Drawdown Notice regarding the applicable interest rate, the Loan Advice shall prevail. The interest shall be calculated on a daily basis as from and including the day the Bank disburses the drawdown amount and excluding the day the loan is repaid, regardless whether or not such amount is successfully transferred to the beneficiary.] For the purpose of clause 1, USD/VND/other currencies Base Lending Rate (“BLR”) means the rate per annum determined by the Bank reflecting cost of funding incurred by the Bank in respect of raising funds denominated in USD/VND/other currencies for the purpose of extending credit on the utilization date. The specific interest rate confirmed in the Loan Advice [and/or OD Statement] by the Bank is calculated on the basis of BLR for a year of three hundred and sixty (360) days. BLR ▇▇▇ calculated on the basis of a year of three hundred and sixty (360) days and a year of three hundred and sixty five (365) days will be published by the Bank on its public website or other means that the Bank thinks fit.]
Appears in 1 contract
Sources: General Facility Agreement