Common use of Term and Termination of the Agreement Clause in Contracts

Term and Termination of the Agreement. The Agreement shall enter into force upon its signing by the Parties and shall remain in full force and effect until the Parties have fully and properly fulfilled their obligations (including, unequivocally in the case the term of any other agreement associated with the Agreement exceeds the term of the Agreement). In the cases and under the conditions stipulated by the Agreement and/or Legislation, it is possible to terminate the Agreement before expiration of its term in whole or in part: By the Bank: If the Customer fails to fully and properly fulfill any of the obligations set forth in the Agreement; At the onset or occurrence of any circumstances that may endanger: (a) the assets/property and/or activities of the Customer and/or Collateral Owner and/or its business, and/or (b) the full and proper performance of its obligations by the Customer and/or another Collateral Owner; The Customer does not use the Bank Guarantee for one (1) calendar year or the term stipulated by the Agreement; If the Customer fails to fully and properly fulfills the obligations assumed under any other agreement and/or other document relating to its financial liabilities signed with the Bank; If the Customer’s assets/property or any part thereof are distrained, which may adversely affect the Customer’s performance of its obligations; If the Customer’s shareholder, partner or other founder (including the beneficial owner) disposes (alienated, encumber) a share, stock or other interest in the Customer’s capital/property without prior written agreement with the Bank; If any other creditor applies to the Customer for early termination of the transaction made with it and/or requests early fulfillment of the obligation (including financial), which may adversely affect the Customer’s performance of the obligations. Upon expiration of the Bank Guarantee term, provided that the Parties have fully fulfilled their obligations to each other. In the case and under the conditions set forth in the Section 9.3. of Annex N1 to the Bank Guarantee Agreement by the Customer. By a written agreement of the Parties; In other cases provided for by the Agreement and/or Legislation. The Customer is entitled to terminate the Agreement before expiration of the Bank Guarantee term provided that the Customer has no outstanding obligations before the Bank under the Agreement. A Party that makes a decision to terminate the Agreement in whole or in part shall notify the other Party in writing of the decision, the reason for this decision and the date of its coming into force that shall be not less than 30 (thirty) calendar days. However, if the Agreement may or shall be terminated in the shorter term in the cases provided for by the Agreement and/or Legislation, the Agreement may be terminated in the shorter term. Upon occurrence of the ground for termination of the Agreement: The Bank shall be exempt from the obligations before the Customer under the Agreement; The Bank is authorized to: Without termination of the Agreement or based on the decision on termination of the Agreement, require the Customer to discharge early the financial obligations (including the Guarantee Amount and/or other similar debt, charged Interest (including as an unearned benefit), Commission Fee and Penalty, as well as any other kind of debt), in which case the Customer will not be charged any additional payment for accelerated obligation and/or refinancing from other financial institutions. Termination of the Agreement does not relieve the Customer from the obligation to cover the Guarantee Amount and/or other similar debt, accrued Interest (including, as the unearned benefit), Commission Fee, Penalty, as well as any other liability, until the moment of forced or voluntary performance of such obligation of financial liability under the Agreement. Early termination of the Agreement in whole or in part does not result in revocation of the Bank Guarantee by the Bank.

Term and Termination of the Agreement. The Agreement shall enter into force upon its signing by the Parties and shall remain in full force and effect until the Parties have fully and properly fulfilled their obligations (including, unequivocally in the case the term of any other agreement associated with the Agreement exceeds the term of the Agreement). In the cases and under the conditions stipulated by the Agreement and/or Legislation, it is possible to terminate the Agreement before expiration of its term in whole or in part: By the Bank: If the Customer fails to fully and properly fulfill any of the obligations set forth in the Agreement; At the onset or occurrence of any circumstances that may endanger: (a) the assets/property and/or activities of the Customer and/or other Collateral Owner and/or its business, and/or (b) the full and proper performance of its obligations undertaken by the Customer client and/or another other Collateral Owner; The Customer does not use the Bank Guarantee for one Collection during 1 (1one) calendar year or during the term stipulated by the Agreement; If the Customer fails to fully and properly fulfills fulfill the obligations assumed under any other agreement and/or other document relating to its financial liabilities signed with the Bank; If the Customer’s assets/property or any part thereof are distrained, which may adversely affect the Customer’s performance of its obligations; If the Customer’s shareholder, partner or other founder (including the beneficial owner) disposes (alienated, encumber) a share, stock or other interest in the Customer’s capital/property without prior written agreement with the Bank; If any other creditor applies to the Customer for early termination of the transaction made concluded with it and/or requests early fulfillment of the obligation (including financial), which may adversely affect the Customer’s performance of the obligations. Upon expiration of the Bank Guarantee termCollection validity period, provided that the Parties have fully fulfilled their obligations to each other. In the case and under the conditions set forth in the Section 9.3. of Annex N1 to the Bank Guarantee Collection Agreement by the Customer. By a written agreement of the Parties; In other cases provided for by the Agreement and/or Legislation. The Customer is entitled to terminate the Agreement before expiration of the Collection term and before submission of the Collection by the Bank Guarantee term to the Remittee or to the Collection Remitting Bank provided that the Customer has no outstanding obligations before the Bank under the Agreement. A Party that makes a decision to terminate the Agreement in whole or in part shall notify the other Party in writing of the decision, the reason for this decision and the date of its coming into force that shall be not less than 30 (thirty) calendar days. However, if the Agreement may or shall be terminated in the shorter term in the cases provided for by the Agreement and/or Legislation, the Agreement may be terminated in the a shorter term. Upon occurrence of the ground for termination of the Agreement: The Bank shall be exempt from the obligations undertaken before the Customer under the Agreement; The Bank is authorized to: Without termination of the Agreement or based on the decision on termination of the Agreement, require the Customer to discharge early the financial obligations (including the Guarantee Amount and/or other similar debt, charged Interest (including as an unearned benefit), Commission Fee and Penalty, as well as any other kind of debtindebtedness), in which case the Customer will not be charged any additional payment for accelerated obligation and/or refinancing from other financial institutions. Termination of the Agreement does not relieve the Customer from the obligation to cover the Guarantee Amount and/or other similar debt, accrued Interest (including, as the unearned benefit), Commission Fee, Penalty, as well as any other liability, until the moment of forced or voluntary performance of such obligation of financial liability under the Agreement. Early termination of the Agreement in whole or in part does not result in revocation of the Bank Guarantee by the Bank.

Term and Termination of the Agreement. The Agreement shall enter into force upon its signing by the Parties and shall remain in full force and effect until the Parties have fully and properly fulfilled their obligations (including, unequivocally in the case the term of any other agreement associated with the Agreement exceeds the term of the Agreement). In the cases and under the conditions stipulated by the Agreement and/or Legislation, it is possible to terminate the Agreement before expiration of its term in whole or in part: By the Bank: If the Customer fails to fully and properly fulfill any of the obligations set forth in the Agreement; At the onset or occurrence of any circumstances that may endanger: (a) the assets/property and/or activities of the Customer and/or Collateral Owner and/or its business, and/or (b) the full and proper performance of its obligations by the Customer Client and/or another Collateral Owner; The Customer does not use the Bank Guarantee for one (1) calendar year or the term stipulated by the Agreement; If the Customer fails to fully and properly fulfills the obligations assumed under any other agreement and/or other document relating to its financial liabilities signed with the Bank; If the Customer’s assets/property or any part thereof are distrained, which may adversely affect the Customer’s performance of its obligations; If the Customer’s shareholder, partner or other founder (including the beneficial owner) disposes (alienated, encumber) a share, stock or other interest in the Customer’s capital/property without prior written agreement with the Bank; If any other creditor applies to the Customer for early termination of the transaction made with it and/or requests early fulfillment of the obligation (including financial), which may adversely affect the Customer’s performance of the obligations. Upon expiration of the Bank Guarantee term, provided that the Parties have fully fulfilled their obligations to each other. In the case and under the conditions set forth in the Section 9.3. of Annex N1 to the Bank Guarantee Agreement by the Customer. By a written agreement of the Parties; In other cases provided for by the Agreement and/or Legislation. The Customer is entitled to terminate the Agreement before expiration of the Bank Guarantee term provided that the Customer has no outstanding obligations before the Bank under the Agreement. A Party that makes a decision to terminate the Agreement in whole or in part shall notify the other Party in writing of the decision, the reason for this decision and the date of its coming into force that shall be not less than 30 (thirty) calendar days. However, if the Agreement may or shall be terminated in the shorter term in the cases provided for by the Agreement and/or Legislation, the Agreement may be terminated in the shorter term. Upon occurrence of the ground for termination of the Agreement: The Bank shall be exempt from the obligations before the Customer under the Agreement; The Bank is authorized to: Without termination of the Agreement or based on the decision on termination of the Agreement, require the Customer to discharge early the financial obligations (including the Guarantee Amount and/or other similar debt, charged Interest (including as an unearned benefit), Commission Fee and Penalty, as well as any other kind of debt), in which case the Customer will not be charged any additional payment for accelerated obligation and/or refinancing from other financial institutions. Termination of the Agreement does not relieve the Customer from the obligation to cover the Guarantee Amount and/or other similar debt, accrued Interest (including, as the unearned benefit), Commission Fee, Penalty, as well as any other liability, until the moment of forced or voluntary performance of such obligation of financial liability under the Agreement. Early termination of the Agreement in whole or in part does not result in revocation of the Bank Guarantee by the Bank.

Term and Termination of the Agreement. The Agreement shall enter into force upon its signing by the Parties and shall remain in full force and effect until the Parties have fully and properly fulfilled their obligations (including, unequivocally in the case the term of any other agreement associated with the Agreement exceeds the term of the Agreement). In the cases and under the conditions stipulated by the Agreement and/or Legislation, it is possible to terminate the Agreement before expiration of its term in whole or in part: By the Bank: If the Customer fails to fully and properly fulfill any of the obligations set forth in the Agreement; At the onset or occurrence of any circumstances that may endanger: (a) the assets/property and/or activities of the Customer and/or Collateral Owner and/or its business, and/or (b) the full and proper performance of its obligations by the Customer Client and/or another Collateral Owner; The Customer does not use the Bank Guarantee Stand-by Letter of Credit for one (1) calendar year or the term stipulated by the Agreement; If the Customer fails to fully and properly fulfills the obligations assumed under any other agreement and/or other document relating to its financial liabilities signed with the Bank; If the Customer’s assets/property or any part thereof are distrained, which may adversely affect the Customer’s performance of its obligations; If the Customer’s shareholder, partner or other founder (including the beneficial owner) disposes (alienated, encumber) a share, stock or other interest in the Customer’s capital/property without prior written agreement with the Bank; If any other creditor applies to the Customer for early termination of the transaction made with it and/or requests early fulfillment of the obligation (including financial), which may adversely affect the Customer’s performance of the obligations. Upon expiration of the Bank Guarantee termStand-by Letter of Credit, provided that the Parties have fully fulfilled their obligations to each other. In the case and under the conditions set forth in the Section 9.3. Paragraph 9.3 of Annex N1 to the Bank Guarantee Stand-by Letter of Credit Agreement by the Customer. By a written agreement of the Parties; In other cases provided for by the Agreement and/or Legislation. The Customer is entitled to terminate the Agreement Stand-by Letter of Credit before expiration of the Bank Guarantee its term provided that the Customer has no outstanding obligations before the Bank under the Agreement. A Party that makes a decision to terminate the Agreement in whole or in part shall notify the other Party in writing of the decision, the reason for this decision and the date of its coming into force that shall be not less than 30 (thirty) calendar days. However, if the Agreement may or shall be terminated in the shorter term in the cases provided for by the Agreement and/or Legislation, the Agreement may be terminated in the shorter term. Upon occurrence of the ground for termination of the Agreement: The Bank shall be exempt from the obligations undertaken before the Customer under the Agreement; The Bank is authorized to: Without termination of the Agreement or based on the decision on termination of the Agreement, require the Customer to discharge early the financial obligations (including the Guarantee Amount Stand-by Letter of Credit and/or other similar debt, charged accrued Interest (including as an unearned benefitinterest), Commission Fee and Penalty, as well as any other kind of debt), in which case the Customer will not be charged any additional payment for accelerated obligation and/or refinancing from other financial institutions. Termination of the Agreement does not relieve the Customer from the obligation to cover the Guarantee Stand-by Letter of Credit Amount and/or other similar debt, accrued Interest (including, as the unearned benefit), Commission Fee, Penalty, as well as any other liability, until the moment of forced or voluntary performance of such obligation of financial liability under the Agreement. Early termination of the Agreement in whole or in part does not result in revocation of the Bank Guarantee Stand-by Letter of Credit by the Bank.

Term and Termination of the Agreement. The Agreement shall enter into force upon its signing by the Parties and shall remain in full force and effect until the Parties have fully and properly fulfilled their obligations (including, unequivocally in the case the term of any other agreement associated with the Agreement exceeds the term of the Agreement). In the cases and under the conditions stipulated by the Agreement and/or Legislation, it is possible to terminate the Agreement before expiration of its term in whole or in part: By the Bank: If the Customer fails to fully and properly fulfill any of the obligations set forth in the Agreement; At the onset or occurrence of any circumstances that may endanger: (a) the assets/property and/or activities of the Customer and/or Collateral Owner provider of the security and/or its business, and/or (b) the full and proper performance of its obligations by the Customer and/or another Collateral Ownerprovider of the security; The Customer does not use the Bank Guarantee for one Collection during 1 (1one) calendar year or during the term stipulated by the Agreement; If the Customer fails to fully and properly fulfills fulfill the obligations assumed under any other agreement and/or other document relating to its financial liabilities signed with the Bank; If the Customer’s assets/property or any part thereof are distrained, which may adversely affect the Customer’s performance of its obligations; If the Customer’s shareholder, partner or other founder (including the beneficial owner) disposes (alienated, encumber) a share, stock or other interest in the Customer’s capital/property without prior written agreement with the Bank; If any other creditor applies to the Customer for early termination of the transaction made concluded with it and/or requests early fulfillment of the obligation (including financial), which may adversely affect the Customer’s performance of the obligations. Upon expiration of the Bank Guarantee termCollection validity period, provided that the Parties have fully fulfilled their obligations to each other. In the case and under the conditions set forth in the Section 9.3. of Annex N1 to the Bank Guarantee Collection Agreement by the Customer. By a written agreement of the Parties; In other cases provided for by the Agreement and/or Legislation. The Customer is entitled to terminate the Agreement before expiration of the Collection term and before submission of the Collection by the Bank Guarantee term to the Remittee or to the Collection Remitting Bank provided that the Customer has no outstanding obligations before the Bank under the Agreement. A Party that makes a decision to terminate the Agreement in whole or in part shall notify the other Party in writing of the decision, the reason for this decision and the date of its coming into force that shall be not less than 30 (thirty) calendar days. However, if the Agreement may or shall be terminated in the shorter term in the cases provided for by the Agreement and/or Legislation, the Agreement may be terminated in the a shorter term. Upon occurrence of the ground for termination of the Agreement: The Bank shall be exempt from the obligations undertaken before the Customer under the Agreement; The Bank is authorized to: Without termination of the Agreement or based on the decision on termination of the Agreement, require the Customer to discharge early the financial obligations (including the Guarantee Amount and/or other similar debt, charged Interest (including as an unearned benefit), Commission Fee and Penalty, as well as any other kind of debtindebtedness), in which case the Customer will not be charged any additional payment for accelerated obligation and/or refinancing from other financial institutions. Termination of the Agreement does not relieve the Customer from the obligation to cover the Guarantee Amount and/or other similar debt, accrued Interest (including, as the unearned benefit), Commission Fee, Penalty, as well as any other liability, until the moment of forced or voluntary performance of such obligation of financial liability under the Agreement. Early termination of The Customer does not have the right, to unilaterally, without stating the reason, withdraw from the Agreement in whole or in part does not result in revocation accordance with the Law of Georgia On the Bank Guarantee by the BankProtection of Consumer Rights.