PARAGRAPH TWO. The amount determined in accordance with the provisions of item I, clause b or item II shall be payable quarterly, on the fifteenth (15th) day of March, June, September and December of each year, during the period between September 15, 2013 and September 15, 2015, and monthly, from and including October 15, 2015, together with the principal amount repayment installments, and at the maturity or settlement of this Agreement, subject to the provisions of Section Nineteen. FOUR
PARAGRAPH TWO. This Agreement shall also be accelerated, upon which the debt shall become enforceable and any disbursements shall be immediately suspended, on the date when any person who exercises a salaried position at the BENEFICIARY or is among its owners, controlling members, or officers is certified or takes office as a Federal Deputy or Senator, as such persons are subject to the prohibitions set forth in article 54, items I and II of the Federal Constitution. No default charges shall be imposed if the payment occurs within five (5) business days from the date of such certification, under penalty of otherwise the charges established for events of acceleration due to default being imposed.
PARAGRAPH TWO. If the first release does not occur, or if the amount mentioned in Paragraph One of this Section is not deducted from the first credit release, the BENEFICIARY agrees to pay it to the BNDES within forty-five (45) days to from the date on which it is notified to do so.
PARAGRAPH TWO. For purposes of calculation of the ratios set forth in Item X of this Section, the following definitions and standards shall be adopted:
PARAGRAPH TWO. The amount of each credit installment to be made available to the BENEFICIARY shall be calculated in accordance with the criteria set forth in the law establishing the Long-Term Interest Rate (TJLP) for determination of debit balances of financings contracted in the BNDES System until November 30, 1994.
PARAGRAPH TWO. The amount of each installment of the credit to be extended to the BENEFICIARY shall not be adjusted for inflation or otherwise adjusted.
PARAGRAPH TWO. For purposes of the special obligation set forth in item IV of this Section, the following shall be deemed relevant:
PARAGRAPH TWO. For purposes of the special obligation set forth in item IV of this Section, knowledge of the PARENT INTERVENING PARTY shall be understood as:
PARAGRAPH TWO. At the discretion of the BNDES, the measure set forth in item II of Paragraph One of this Section may be determined before the notice is delivered to the BENEFICIARY. FOURTEEN GUARANTEE The PARENT INTERVENING PARTY LINX S.A., identified in the preamble, accepts this Agreement in the capacity of guarantor and principal payor and expressly waives the benefits of articles 366, 827, and 838 of the Civil Code, it being understood that it shall be jointly and severally liable, until the final settlement of this Agreement, for the faithful and exact performance of all the obligations assumed by the BENEFICIARY hereunder. FIFTEEN
PARAGRAPH TWO. The BENEFICIARY shall, whenever it requests the release of an installment of the financial cooperation or at the request of the BNDES, within up to 30 days as from the date of receipt of the notice, expressly reiterate the representations provided in this Section, informing any relevant change of fact that causes the representation to no longer be true, consistent, correct or sufficient, until final settlement of all obligations under this Agreement.
