Handelsbanken Loan Amortization Undertaking between MOBITEC AB and Svenska Handelsbanken AB

Contract Categories: Business Finance › Loan Agreements
Summary

This agreement is between MOBITEC Aktiebolag (the borrower) and Svenska Handelsbanken AB (the lender), with DRI Europa AB as a guarantor or pledger. It sets out a revised loan repayment schedule, requiring MOBITEC AB to make specific amortization payments on set dates in 2010, in addition to paying interest whenever the loan period is extended. The agreement also allows for automatic payments from a specified account and holds the borrower responsible for ensuring sufficient funds are available. Other loan terms remain unchanged.

Read More Arrow
EX-10.40 5 d68701exv10w40.htm EX-10.40 exv10w40
EXHIBIT 10.40
Handelsbanken
Undertaking concerning loan payment
— for purposes other than personal consumption
Branch
Frölunda
           
 
 
    Loan number
 		  
 
Borrower
MOBITEC AKTIEBOLAG
 
    Customer number  
 
Provided that Svenska Handelsbanken AB (publ)/Stadshypotek AB grants extension of the loan period, at least the below amount must be amortised each...
Other terms for the loan remain unchanged
                                               
 
From
2010-03-31
    Amount
375,000 		    SEK
X 		    EUR     From
2010-06-30 		    Amount
500,000 		    SEK
X 		    EUR  
 
In addition to this, interest due must be paid each time the loan period is extended.
 Other comments
 
Automatic payment
           
 
Account number
    If an account number is stated, it implies an agreement that amounts due are paid by the bank debiting the account on the due date. The agreed due date will apply even if it is not a business day. The borrower is responsible for the required amount being available on the account on the due date.  
 
Signature
           
 
Date
2009-06-16
    Signature of borrower
MOBITEC AB

/s/ Agne Axelsson		  
 
Approval by guarantor and/or pledger who is not the borrower if the amortisation plan is changed
                                 
  Date
2009-06-16		     Signature of borrower/pledger
DRI EUROPA AB

/s/ Agne Axelsson		  
  Date     Signature of borrower/pledger

  
  Date     Signature of borrower/pledger

  
  Date     Signature of borrower/pledger

  
  Date     Signature of borrower/pledger

  
  Signature of branch manager or
equivalent		     The documentation is correct     The change has been registered for the loan  
 
 
    Date   Signature     Date     Signature