SECTION 1.05. Voluntary Prepayment
If so agreed by both parties hereto, the Borrower may repay the principal amount of
the Loan in whole before the Repayment Date, together with accrued interest to the
date of the prepayment on the amount repaid.
SECTION 1.06. Repayment
(a) The Borrower shall make the repayment hereunder and under any instrument
delivered hereunder on the Repayment Date in the applicable currency to the
bank account designated by the Lender.
(b) In the event that the principal amount of the Loan, the amount of interest or any
other amount payable by the Borrower under or pursuant to this Agreement is
not paid when due, whether at stated maturity, by acceleration or otherwise,
the Borrower shall pay interest on the unpaid amount from the due date of the
amount until the date the amount is paid in full, payable on demand at an
interest rate per annum equal to the Lender’s Procurement Rate plus two per
cent (2%) (the “Default Rate”).