The borrower has entered into THB 1,974,470,131 Facility Agreement dated, and it is a condition precedent under the Facility Agreement that at least THB 200 million shareholder loans shall be made available to the borrower.
The shareholder loan will from the date of this Agreement be available for drawing in THB subject to a total facility limit up to THB 180 million.
The rate of interest payable by the borrower is 6.5% p.a. Interest shall be calculated on the basis of a year of 365 days. Interest period shall commence on the date of drawdown.
The principal including capitalized interest shall become due and payable upon earlier of
- 2 years after the date of this agreement,
- The borrower obtaining external funding other than funds under the Facility agreement, and
- BMT and/or LCB1 selling their shares in the borrower.