Common use of UTILISATION PROCEDURE Clause in Contracts

UTILISATION PROCEDURE. 7.1 When the Investor wants to utilise the Individual Facility, the Investor must fill out, sign and submit Appendix 7.1 – Loan Request Notice (a “Notice”) to the Lender. HELLERUP 7 OCTOBER 2021 7.2 The Lender reserves the right to adjust and amend the Notice from time to time. The Notice is available on the Lender’s homepage ▇▇▇.▇▇.▇▇ (▇▇.▇▇/▇▇▇▇▇▇▇-▇▇- priser). 7.3 Upon receipt of the Notice, the Lender will within 10 working days notify the Inves- tor whether the conditions for the requested Loan are fulfilled and whether there are available funds under the Individual Facility and the Total Facility. In the affirm- ative, the Lender will procure that the Loan Terms are forwarded for (electronic) signature by the Qualified Company (as Borrower) and the Investor, after which the Loan Terms will be duly countersigned by the Lender. 7.4 As a condition for the Lender’s disbursement of the Loan to the Borrower, the In- vestor shall no later than 30 calendar days from the Lender signing the Loan Terms provide the Lender with certain documentation as listed in clause 5 of the Loan Terms (the “Condition Precedent Documentation”), e.g. inter alia that the In- vestment has been carried out in accordance with the Notice no later than 30 cal- endar days from – and not more than 30 calendar days before – the date of the Lender signing the Loan Terms. 7.5 If the Condition Precedent Documentation is submitted to the Lender in due time, the Lender undertakes to pay out the loan amount under the Loan within 14 calen- dar days from receipt of the Condition Precedent Documentation. the Lender shall be under no obligation to disburse the Loan. The Investor, how- ever, shall be entitled to initiate a new utilisation request procedure, cf. this Clause 7.

UTILISATION PROCEDURE. 7.1 When the Investor wants to utilise the Individual Facility, the Investor must fill out, sign and submit Appendix 7.1 – Loan Request Notice (a “Notice”) to the Lender. HELLERUP 7 OCTOBER 202120 MARCH 2023 7.2 The Lender reserves the right to adjust and amend the Notice from time to time. The Notice is available on the Lender’s homepage ▇▇▇.▇▇.▇▇ (▇▇.▇▇/▇▇▇▇▇▇▇-▇▇- priser). 7.3 Upon receipt of the Notice, the Lender will within 10 working days notify the Inves- tor whether the conditions for the requested Loan are fulfilled and whether there are available funds under the Individual Facility and the Total Facility. In the affirm- ative, the Lender will procure that the Loan Terms are forwarded for (electronic) signature by the Qualified Company (as Borrower) and the Investor, after which the Loan Terms will be duly countersigned by the Lender. 7.4 As a condition for the Lender’s disbursement of the Loan to the Borrower, the In- vestor shall no later than 30 calendar days from the Lender signing the Loan Terms provide the Lender with certain documentation as listed in clause 5 of the Loan Terms (the “Condition Precedent Documentation”), e.g. inter alia that the In- vestment has been carried out in accordance with the Notice no later than 30 cal- endar days from – and not more than 30 calendar days before – the date of the Lender signing the Loan Terms. 7.5 If the Condition Precedent Documentation is submitted to the Lender in due time, . the Lender undertakes to pay out the loan amount under the Loan within 14 calen- dar days from receipt of the Condition Precedent Documentation. the Lender shall be under no obligation to disburse the Loan. The Investor, how- ever, shall be entitled to initiate a new utilisation request procedure, cf. this Clause 7.

UTILISATION PROCEDURE. 7.1 When the Investor wants to utilise the Individual Facility, the Investor must fill out, sign and submit Appendix 7.1 – Loan Request Notice (a “Notice”) to the Lender. HELLERUP 7 OCTOBER 202122 SEPTEMBER 2022 7.2 The Lender reserves the right to adjust and amend the Notice from time to time. The Notice is available on the Lender’s homepage ▇▇▇.▇▇.▇▇ (▇▇.▇▇/▇▇▇▇▇▇▇-▇▇- priser). 7.3 Upon receipt of the Notice, the Lender will within 10 working days notify the Inves- tor whether the conditions for the requested Loan are fulfilled and whether there are available funds under the Individual Facility and the Total Facility. In the affirm- ative, the Lender will procure that the Loan Terms are forwarded for (electronic) signature by the Qualified Company (as Borrower) and the Investor, after which the Loan Terms will be duly countersigned by the Lender. 7.4 As a condition for the Lender’s disbursement of the Loan to the Borrower, the In- vestor shall no later than 30 calendar days from the Lender signing the Loan Terms provide the Lender with certain documentation as listed in clause 5 of the Loan Terms (the “Condition Precedent Documentation”), e.g. inter alia that the In- vestment has been carried out in accordance with the Notice no later than 30 cal- endar days from – and not more than 30 calendar days before – the date of the Lender signing the Loan Terms. 7.5 If the Condition Precedent Documentation is submitted to the Lender in due time, the Lender undertakes to pay out the loan amount under the Loan within 14 calen- dar days from receipt of the Condition Precedent Documentation. the Lender shall be under no obligation to disburse the Loan. The Investor, how- ever, shall be entitled to initiate a new utilisation request procedure, cf. this Clause 7.

UTILISATION PROCEDURE. 7.1 When the Investor wants to utilise the Individual Facility, the Investor must fill out, sign and submit Appendix 7.1 – Loan Request Notice (a “Notice”) to the Lender. HELLERUP 7 OCTOBER 202120 MARCH 2023 7.2 The Lender reserves the right to adjust and amend the Notice from time to time. The Notice is available on the Lender’s homepage ▇▇▇.▇▇.▇▇ (▇▇.▇▇/▇▇▇▇▇▇▇-▇▇- priser). 7.3 Upon receipt of the Notice, the Lender will within 10 working days notify the Inves- tor whether the conditions for the requested Loan are fulfilled and whether there are available funds under the Individual Facility and the Total Facility. In the affirm- ative, the Lender will procure that the Loan Terms are forwarded for (electronic) signature by the Qualified Company (as Borrower) and the Investor, after which the Loan Terms will be duly countersigned by the Lender. 7.4 As a condition for the Lender’s disbursement of the Loan to the Borrower, the In- vestor shall no later than 30 calendar days from the Lender signing the Loan Terms provide the Lender with certain documentation as listed in clause 5 of the Loan Terms (the “Condition Precedent Documentation”), e.g. inter alia that the In- vestment has been carried out in accordance with the Notice no later than 30 cal- endar days from – and not more than 30 calendar days before – the date of the Lender signing the Loan Terms. 7.5 If the Condition Precedent Documentation is submitted to the Lender in due time, the Lender undertakes to pay out the loan amount under the Loan within 14 calen- dar days from receipt of the Condition Precedent Documentation. . 7.6 If the Investor fails to submit the Condition Precedent Documentation in due time, the Lender shall be under no obligation to disburse the Loan. The Investor, how- ever, shall be entitled to initiate a new utilisation request procedure, cf. this Clause 7.