According to the Credit agreement (as amended under the Additional agreement No.1 of May 5, 2016, the Additional agreement No.2 of May 29, 2018) the Creditor shall provide the Credit amounts to the Borrower under the Borrower's requests (offers), and the Borrower shall repay the Credit amounts, pay interest and fulfill other obligations on the following essential terms and conditions:
1. Maximum debt limit under the Credit agreement shall not exceed 60,000,000,000 (Sixty billion) rubles;
2. Purpose of the credit line (the aggregate amount of credit transactions which the Borrower is entitled to obtain under the Credit agreement):
2.1. Financing of the ordinary course of business for the purpose of working capital financing;
2.2. Financing of the current operations and financing of operations stipulated in the charter of the Borrower;
2.3. Financing of the cash flow gaps;
2.4. Financing of the general corporate needs;
2.5. Acquisition of financial assets (except for promissory notes);
2.6. Acquisition, repair, modernization of fixed assets;
2.7. Organization of a new production line/business activity;
2.8. Construction (reconstruction) of real estate for production/commercial activities;
2.9. Acquisition of real estate for production/commercial activities;
2.10. Refinancing of real estate construction (reconstruction) costs for production/commercial activities,
2.11. Acquisition of securities issued by the Bank (including promissory notes with a maturity of not less than 180 (One hundred and eighty) calendar days from the issue date). The subsequent use of funds received after redemption of securities shall be carried out within the purposes set out in the Additional agreement;
2.12. Settlement of the Borrower's liabilities to repay loans and borrowings obtained from the third parties (except for loans provided by the Bank) in respect of the borrowed funds used for the purposes authorized by the Additional Agreement;
3. The interest rate within the Credit line is determined according to the terms of the Credit agreement and shall not exceed 26 (Twenty six) percent per annum for each particular Credit transaction;
4. The terms, procedure of provision and repayment of credit amounts, interest and other payments shall be determined by the Credit agreement.
|