Common use of Effective Global Rate Clause in Contracts

Effective Global Rate. The parties to this Contract acknowledge, as indicated to the Borrower in the TEG letter dated on the date hereof (the "TEG Letter"), that the effective global rate applicable to the Credit shall be determined in accordance with article L.314-1 to L.314-5 and R.314-1 et seq. of the French Monetary and Financial Code (Code monétaire et financier) and article L.313-4 of the French Code monétaire et financier of the French Consumer Code (Code de la consommation) and the terms of such TEG Letter. The Parties agree that this TEG Letter forms an integral part of this Contract.

Effective Global Rate. The parties to this Contract acknowledge, as indicated to the Borrower in the TEG letter letters dated on the date hereof and on the date of the Amendment Agreement (the "TEG LetterLetters"), that the effective global rate applicable to the Credit on the date hereof and on the date of the Amendment Agreement shall be determined in accordance with article L.314-1 to L.314-5 and R.314-1 et seq. of the French Monetary and Financial Code (Code monétaire et financier) and article L.313-4 of the French Code monétaire et financier of the French Consumer Code (Code de la consommation) and the terms of such TEG LetterLetters. The Parties agree that this these TEG Letter forms Letters form an integral part of this Contract.