Common use of Tranches Clause in Contracts

Tranches. The Bank shall disburse the Credit in Euros in up to 3 (three) Tranches as follows: (a) The first Tranche shall be EUR 16,000,000 (sixteen million euros) (the "First Tranche"); (b) The second Tranche shall be EUR 14,000,000 (fourteen million euros) (the "Second Tranche"); (c) The third Tranche shall be EUR 10,000,000 (ten million euros) (the "Third Tranche");

Tranches. The Bank shall disburse the Credit in Euros in up to 3 three (three3) Tranches Tranches, as follows: set out below: (a) The first Tranche shall be A, in an amount of at least EUR 16,000,000 15,000,000 (sixteen fifteen million euroseuro) and up to EUR 25,000,000 (the "First Tranche"twenty five million euro); ; (b) The second Tranche shall be B, in an amount of at least EUR 14,000,000 15,000,000 (fourteen fifteen million euroseuro) and up to EUR 25,000,000 (the "Second Tranche"twenty five million euro); and (c) The third Tranche shall be C, in an amount of at least EUR 10,000,000 15,000,000 (ten fifteen million euroseuro) (and up to the "Third Tranche");undrawn balance of the Credit.

Tranches. The Bank shall disburse the Credit in Euros in up to 3 (three) Tranches as follows: : (a) The first Tranche shall be EUR 16,000,000 (sixteen million euros) (the "First Tranche"); ; (b) The second Tranche shall be EUR 14,000,000 (fourteen million euros) (the "Second Tranche"); ; (c) The third Tranche shall be EUR 10,000,000 (ten million euros) (the "Third Tranche");

Tranches. The Bank shall disburse the Credit in Euros in up to 3 (three) Tranches Tranches, as follows: set out below: (a) The first Tranche A, in an amount of EUR 11,000,000 (eleven million euros); (b) Tranche B, in an amount of EUR 12,000,000 (twelve million euros); and (c) Tranche C, in an amount of EUR 13,000,000 (thirteen million euros). Each Tranche shall be EUR 16,000,000 (sixteen million euros) (the "First Tranche"); (b) The second Tranche shall be EUR 14,000,000 (fourteen million euros) (the "Second Tranche"); (c) The third Tranche shall be EUR 10,000,000 (ten million euros) (the "Third Tranche");made available by way of a single drawdown.

Tranches. The Bank shall disburse the Credit in Euros in up to 3 (three) Tranches Tranches, as follows: set out below: (a) The first Tranche shall be A, in an amount of EUR 16,000,000 20,000,000 (sixteen twenty million euros) (the "First Tranche"euro); ; (b) The second Tranche shall be B, in an amount of EUR 14,000,000 15,000,000 (fourteen fifteen million euros) (the "Second Tranche"euro); and (c) The third Tranche shall C, in an amount of EUR 5,000,000 (five million euro). Each Tranche may only be EUR 10,000,000 (ten million euros) (the "Third Tranche");disbursed in full.

Tranches. The Bank shall disburse the Credit in Euros in up to 3 (three) Tranches Tranches, as follows: set out below: (a) The first Tranche shall be A, in an amount of EUR 16,000,000 7,000,000 (sixteen seven million euros) (the "First Tranche"euro); ; (b) The second Tranche shall be B, in an amount of EUR 14,000,000 6,000,000 (fourteen six million euros) (the "Second Tranche"euro); and (c) The third Tranche shall C, in an amount of EUR 7,000,000 (seven million euro). Each Tranche can only be EUR 10,000,000 (ten million euros) (the "Third Tranche");drawn in full.

Tranches. The Bank shall disburse the Credit in Euros EUR in up to 3 (three) Tranches Tranches, as follows: set out below: (a) The first Tranche shall be A, in an amount of EUR 16,000,000 7,000,000 (sixteen seven million euros) (the "First Tranche"euro); ; (b) The second Tranche shall be B, in an amount of EUR 14,000,000 9,500,000 (fourteen nine million euros) (the "Second Tranche"five hundred thousand euro); and (c) The third Tranche shall C, in an amount of EUR 8,000,000 (eight million euro). Each Tranche may only be EUR 10,000,000 (ten million euros) (the "Third Tranche");disbursed in full and not in part.