General terms and conditions the Swedish State loans

This is a translation of the Swedish General Terms and Conditions. It is the terms in Swedish that apply.

Document information

Type of publication: General terms and conditions

Valid from: 2021-02-10

Sender: Kammarkollegiet

Number of pages when printing: 16

10 Payment Procedure

10.1

The Borrower must make payments under the Loan Agreement to the Lender’s bank account [state number] at [bank], unless the Lender has notified the Borrower otherwise.

10.2

All payments to be made by the Borrower under the Loan Agreement must be calculated and paid without offsets or deductions for counterclaims.

10.3

Amounts that fall due for payment on a day that is not a Banking Day must be paid on the following Banking Day in the current calendar month or, if there is no additional Banking Day in that month, on the preceding Banking Day.

10.4

In the event of a deferral of payment of the principal sum or an Unpaid Amount under the Loan Agreement, penalty interest as referred to in clause 5.2 shall not be payable, but interest on such principal sum or Unpaid Amount shall instead be charged at the interest rate in force on the original due date.

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