Common use of FACILITY TERMS Clause in Contracts

FACILITY TERMS. Total Loan Facility Up to €9,000,000 available to be drawn down from the date of this Loan Agreement. Expiry Date Subject to Clause 3.4, in relation to the ability to drawdown a Tranche, 1 November 2019. Advance Payments In relation to each Tranche, the last month’s repayment amount (comprising principal and interest) as set out in the Repayment Schedule. Loan Term The Interest Only Period from (and including) the First Monthly Repayment Date followed by thirty six (36) monthly payments of principal and interest. Transaction Fee €112,500 payable upon execution of this Loan Agreement. End of Loan Payments In relation to each Tranche, 5% of the amount drawn down under the relevant Tranche. Minimum Drawdown Amount €900,000 Drawdown Fees In relation to each Tranche, 7% of the amount drawn down under the relevant Tranche.