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Section II
Terms of Credit Line Agreement
1. Definitions 5.5. The Borrower consents to the Lender’s right to detain funds in the Borrower’s accounts held with
Agreement the present Credit Line Agreement entered into by and between the Lender Swedbank AS insofar as may be necessary for ensuring performance of obligations under the
and Borrower Agreement.
Annual Percentage Rate the total cost calculated on the date of the Agreement according to the 5.6. All of the Borrower’s funds, present or future, in the Borrower’s accounts with the Lender, are
applicable Latvian Cabinet Regulations “Consumer Lending Agreement pledged with the Lender as a financial pledge and serve as a security for all and any of the
Regulations”, which cost is expressed as a percentage of the Credit Line Lender’s claims under the Agreement. In the event of the Borrower failing to provide funds
Amount. The Annual Percentage Rate is specified in Part I of the Agreement, necessary for any payments in the current account, and also in all other cases when a claim by the
and the Assumptions are used in calculating it Lender against the Borrower arises under the Agreement, the Lender shall have the right to satisfy
Assumptions
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