Common use of EBRD Clause in Contracts

EBRD. (a) The Borrower shall procure that, without the Bank's prior consent: (i) the EBRD Conversation Option shall provide the right for EBRD to acquire no more than ten percent (10%) of the issued share capital of Plaza Centers on the basis of a company valuation of the total assets (less all bank debt) of Plaza Centers of not less than US$275,000,000 (two hundred and seventy five million US Dollars); and (ii) the EBRD Equity Financing Facility shall require repayments of principal commencing no earlier than four (4) years after the grant of the EBRD Equity Financing Facility. (b) The Borrower shall, unless otherwise agreed by the Bank, provide to the Bank provide copies of the definitive documentation setting out the provisions of the EBRD Conversion Option and EBRD Equity Financing Facility at least ten (10) days prior to the execution thereof.

EBRD. (a) The Borrower shall procure that, without the Bank's prior consent: (i) the EBRD Conversation Option shall provide the right for EBRD to acquire no more than ten percent (10%) of the issued share capital of Plaza Centers on the basis of a company valuation of the total assets (less all bank debt) of Plaza Centers of not less than US$275,000,000 (two hundred and seventy five million US Dollars); and (ii) the EBRD Equity Financing Facility shall require repayments of principal commencing no earlier than four (4) years after the grant of the EBRD Equity Financing Facility. (b) The Borrower shall, unless otherwise agreed by the Bank, shall provide to the Bank provide copies of the definitive documentation setting out the provisions of the EBRD Conversion Option and EBRD Equity Financing Facility at least ten (10) days prior to the execution thereof.