Common use of Refinancing risk Clause in Contracts

Refinancing risk. At maturity of the Group’s debts, the Group will be required to refinance such debt. The Group’s ability to successfully refinance such debt is dependent on the conditions of the financial markets in general at such time as well as the operating income from the Properties and therefore also on the vacancy level in the property market. As a result, there is a risk that the Group’s access to financing sources at a particular time may not be available on favourable terms, or available at all. The Group will also, in connection with a refinancing of its debts, be exposed to interest risks on interest bearing current and non-current liabilities. Changes in interest rates on the Group’s liabilities will affect the Group’s cash flow and liquidity, hence may adversely affect the Group's financial conditions and the equity returns. The Group’s inability to refinance its debt obligations on favourable terms, or at all, could have a material adverse effect on the Group’s business, financial condition and results of operations.

Refinancing risk. At maturity of the Group’s 's debts, the Group will be required to refinance such debt. The Group’s 's ability to successfully refinance such debt is dependent on the conditions of the financial markets in general at such time as well as the operating income from the Properties and therefore also on the vacancy level in the property markettime. As a result, there is a risk that the Group’s 's access to financing sources at a particular time may not be available on favourable favorable terms, or available at all. The Group will also, in connection with a refinancing of its debts, be exposed to interest risks on interest bearing current and non-current liabilities. Changes in interest rates on the Group’s 's liabilities will affect the Group’s 's cash flow and liquidity, and could hence may potentially adversely affect the Group's financial conditions and the equity returns. The Group’s 's inability to refinance its debt obligations on favourable favorable terms, or at all, could have a material adverse effect on the Group’s 's business, financial condition and results equity returns. According to the terms of operationsthe Debt Facility, the loan under the Debt Facility assumes a maturity of five years.