Former Long Term Facility Clause Samples

Former Long Term Facility. 5.1.1 Front End Fee for the Former Long Term Facility Within seven (7) days from the Effective Date of this Agreement, the Borrower will pay the front end fee for the Former Long Term Facility to IFCT for the amount of Baht 1,500,000 (One Million Five Hundred Thousand Baht) and to the Bank of Ayudhya for the amount of Baht 1,450,000 (One Million Four Hundred Fifty Thousand) by using bank checks of the commercial bank which has its head office or branches in Bangkok Metropolis and payable in the name of IFCT or Bank of Ayudhya.

Former Long Term Facility. The Borrower shall use the Former Long Term Facility under Clause 2.1.1 (1) for the payment of expenses related to the Project."

Former Long Term Facility. 6.1.1 The Borrower shall repay the Loan under the Former Long Term Facility to each Long Term Creditor on the last Banking Day of March, June, September and December (for the total 18 installments) in accordance with Repayment Schedule commencing from 30 September 2001 onwards. 6.1.2 Before 10.00 a.m on each Repayment Date, the Borrower will repay the Loan to the Facility Agent for the benefit of the Long Term Creditors in accordance with the condition of Clause 6.1.1 and in compliance with the Repayment Schedule. In case the Borrower does not utilize the whole amount of Former Long Term Facility, the amount of Loan to be repaid by the Borrower on each Repayment Date will be reduced in the inverse order of maturity.

Former Long Term Facility. 6.1.1 The Borrower shall repay the Loan under the Former Long Term Facility to each Long Term Creditor on the last Banking Day of March, June, September and December (for the total 18 installments) in accordance with Repayment Schedule commencing from 30 September 2001 onwards. 6.1.2 Before 10.00 a.m. on each Repayment Date, the Borrower will repay the Loan to the Facility Agent for the benefit of the Long Term Creditors in accordance with the condition of Clause 6.1.1 and in compliance with the Repayment Schedule. In case the Borrower does not utilize the whole amount of Former Long Term Facility, the amount of Loan to be repaid by the Borrower on each Repayment Date will be reduced in the inverse order of maturity. 6.1.3 After the Borrower has repaid the Loan, the Borrower may not utilize such repayment amount again. 6.1.4 The Borrower is entitled to prepay the Loan in relation to the Former Long Term Facility in whole or in part on any Interest Payment Date before the Repayment Schedule in compliance with the following conditions: (a) The Borrower has delivered the notice in writing specifying the intention to prepay the Loan by specifying the amount to be prepaid and the date of such prepayment to the Facility Agent in advance no later than thirty (30) Banking Days; (b) Subject to Clause 7.1, the amount to be partially prepaid will be in the amount of not less than 5,000,000 Baht (Five Million Baht) or the integral multiple of 5,000,000 Baht (Five Million Baht); (c) The Borrower shall prepay the Loan together with interest calculated until the date of such prepayment and any other amount which is due and payable under this Agreement; (d) The amount prepaid will firstly be used to pay the expenses which are due under this Agreement. After that it will be used to pay the fees and interest which are due and payable and the Loan in the inverse order of maturity; (e) On each Prepayment Date, the Borrower agrees to pay the prepayment fee equal to two percent (2%) of the amount prepaid to the Facility Agent for the benefit of the Long Term Creditors in compliance with their Proportion of Debt in relation to the Former Long Term Facility except in the case where the prepayment money is obtained from the operation of the Borrower's business or from the capital increase of the Borrower; in which case the Borrower shall not be responsible to pay the prepayment fee. 6.1.5 Any notices of prepayment given by the Borrower shall be irrevocable and the Borrower shall b...