CREDIT INSURANCE PREMIUMS. The Borrower undertakes to repay the Lenders the premiums due to COFACE under the insurance policy related to this Agreement. These premiums are due by the Borrower and will be paid by the Lenders to COFACE upon the drawing of the Credit under this Agreement (provided that no such premiums will be due if the Credit is not drawn). The premiums will be financed as per Article V.B. above and will be repaid by the Borrower by paying additional interest computed at a rate of zero point forty one per cent (0.41%) per annum. This additional amount is included in the rate set out in Article V.B. above. The premiums so included in the rate of interest are due in any event. Consequently, in case of either prepayment or acceleration of the Credit pursuant to Articles XII and XIV hereafter, the Borrower undertakes to repay the Lenders, upon receipt of SOCIETE GENERALE's detailed statement stating the amount of such insurance premiums remaining due, the amount of the insurance premium not yet reimbursed by the payments of interest already made by the Borrower. If there is no prepayment or acceleration of the Credit pursuant to Articles XII and XIV hereafter, the Borrower will be released from its obligation of repayment of credit insurance premiums to the Lenders only after full payment of all the Promissory Notes of interest.
CREDIT INSURANCE PREMIUMS. The credit insurance premiums payable as the case may be pursuant to the credit insurance policy subscribed by the Bank in relation to any Admission Form shall be borne as provided in the relevant Admission Form.
CREDIT INSURANCE PREMIUMS. 19 ARTICLE VIII - FEES........................................................20 ARTICLE IX - TAXES - COSTS AND RELATED CHARGES.............................21 ARTICLE X - DECLARATIONS...................................................23 ARTICLE XI - UNDERTAKINGS..................................................24 ARTICLE XII - PREPAYMENT...................................................27 ARTICLE XIII - INTEREST ON LATE PAYMENTS...................................28 ARTICLE XIV - ACCELERATION - EVENTS OF DEFAULT.............................29 ARTICLE XV - ACCELERATION - OTHER EVENTS...................................33 ARTICLE XVI - CURRENCY OF PAYMENT - DOMICILIATION..........................34 ARTICLE XVII - SECURITY....................................................35 (i) <PAGE> PAGE ---- ARTICLE XVIII - APPLICATION OF SUMS RECEIVED...............................36 ARTICLE XIX ...............................................................37 ARTICLE XX - GOVERNING LAW.................................................38 ARTICLE XXI - ARBITRATION..................................................39 ARTICLE
CREDIT INSURANCE PREMIUMS. 20 ARTICLE 9......... TAXES, DUTIES LEVIES - COSTS AND INCIDENTAL EXPENSES..... 21
