Common use of THE MASTER FINANCIAL ASSISTANCE FACILITY AND SPECIFIC FACILITIES Clause in Contracts

THE MASTER FINANCIAL ASSISTANCE FACILITY AND SPECIFIC FACILITIES. (1) EFSF makes available to the Beneficiary Member State under this Agreement a master financial assistance facility (the "Master Facility"), subject to the terms and conditions of the Decision (where applicable), the MoU and the Facility Specific Terms. The Master Facility may be made available by EFSF to the Beneficiary Member State by way of Financial Assistance. The aggregate principal amounts of the Financial Assistance Amounts shall not exceed EUR 61,700,000,000 (as increased from time to time by an amount (up to EUR 24,400,000,000) equal to any cancelled non-utilised principal amount of the Loan Facility Agreement and/or an amount (up to EUR 23,000,000,000) equal to any cancelled non-utilised principal amount of the Existing Bank Recapitalisation Facility, but in any event not exceeding EUR 109,100,000,000 provided that each such increase is approved by the EWG and is confirmed in a letter from the EWG Chairman to EFSF) (the "Aggregate Financial Assistance Amount").