【正文】 . The Lender39。s Agent in TARGET2, TARGET2 participant SWIFTBIC: ECBFDEFFBAC, TARGET2 account holder SWIFTBIC ECBFDEFFBAC, ref.: EC balance of payments assistance to Latvia, or to such other account as the Lender39。s Agent shall inform the Borrower on the details of the interest calculation and in particular of the reference used for the EURIBOR setting, if applicable.Article 6 – Repayment and Option for Prepayment1. The Borrower shall repay the principal amount of each Tranche at the dates and under the conditions determined in the Borrowing Contracts and as notified to it by the Lender39。s judgement circumstances permit an improvement in the interest rate of a Tranche, the Lender may restructure the financial conditions of the Lender39。 and (4) Any other encumbrances in existence on the date of the signing of this Agreement, provided that such encumbrances remain confined to the properties presently affected thereby and properties which bee affected by such encumbrances under contracts in effect on the date of the signing of this Agreement and provided further that such encumbrances secure or provide for the payment of only those obligations so secured or provided for on the date hereof or any refinancing of such obligations。 and (2) Encumbrances on mercial goods arising in the course of ordinary mercial banking transactions (and expiring at the latest within one year thereafter) to finance the import or export of such goods into or from the country of the Borrower。January 2012.Article 4 – Undertakings1. Each Tranche of the Loan shall constitute an unsecured, direct, unconditional and general obligation of the Borrower and will rank at least pari passu with all other present and future unsecured loans and obligations of the Borrower arising from its present or future external indebtedness as defined in Article 8, paragraph 1(f).2. The Borrower undertakes, until such time as all principal under this Loan Agreement has been fully reimbursed and all interest and additional amounts, if any, under this Loan Agreement have been fully paid, with the exception of those encumbrances enumerated under paragraph (3) no material adverse change having occurred such as would, in the opinion of the Lender, after consultation with the Borrower, be likely to prejudice materially the ability of the Borrower to fulfil its payment obligations under this Agreement, . to service the Tranche to be funded and to repay the Tranche. 8. The disbursement of a Tranche shall under no circumstances mit any of the parties to proceed with the lending and borrowing of any further Tranche. The Borrower shall request any further Tranche from the Lender in accordance with this Article. The Lender will then launch the procedure set out in this Article. 9. The Borrower39。 (2) the Lender on the one hand and a bank or a syndicate of banks on the other hand having signed the Borrowing Contracts and the Lender39。 (4) no material adverse change having occurred such as would, in the opinion of the Lender, after consultation with the Borrower, be likely to prejudice materially the ability of the Borrower to fulfil its payment obligations under this Agreement, . to service the Tranche to be funded and to repay the Tranche.7. The Lender39。 (3) the Lender on the one hand and a bank or a syndicate of banks on the other hand having signed the Borrowing Contracts and the Lender39。s obligation to transfer the Net Disbursement Amount to the Borrower with respect to the first Tranche of the first Instalment shall be subject to: (1) the Lender having received a legal opinion satisfactory to the Lender given by the Minister of Justice of the Borrower, in the form set out in Annex 3. Such legal opinion shall be dated not later than the date of the Request for Funds. The Borrower undertakes to inform the Lender immediately if, between the date of the legal opinion and the Disbursement Date, any event occurs that would render incorrect any statement made in the legal opinion。s Agent shall advise in writing to the Lender39。s Agent in TARGET2, TARGET2 participant39。s obligation to make a Tranche available shall be conditional upon it obtaining the corresponding funds from the international capital markets. The Lender shall launch, on behalf of the EC, a bond issue or any other appropriate financial transaction for the funding of the amount of the Tranche (the “Financial Transaction”). 3. Once the Financial Transaction is executed, the Request for Funds, the Acceptance Notice and copies of the contracts(s) relating to each Financial Transaction (hereinafter referred to as the “Borrowing Contracts”), shall constitute a finance contract (hereinafter referred to as the “Finance Contract”) between the Lender and the Borrower and form an integral part of this Agreement. 4. The net proceeds of the Tranche shall be equal to the proceeds of the Financial Transaction less the aggregate amount of the missions and costs related to such Financial Transaction and to the preparation and execution of the Financial Transaction. In addition, costs referred to in Article 7, paragraph 6, shall also be deducted from the net proceeds, resulting to the amount to be disbursed to the Borrower (hereinafter referred to as the Net Disbursement Amount).5. The Net Disbursement Amount of the Tranche shall be transferred by the Lender39。3 100 000 000 (three billion, one hundred million) in maximum six instalments (each hereinafter referred to as “Instalment”, collectively all such Instalments hereinafter referred to as the Loan), subject to the terms and conditions defined in the Decision, in the Memorandum of Understanding and in this Agreement.2. The principal amount of the first Instalment amounts to EUR 1(12) Appropriate measures related to the prevention of, and the fight against fraud, corruption and other irregularities affecting the assistance shall be provided for by the authorities o