BANCO DE ORO
U N I B A N K
Term Loan Facility
Properties Mortgaged/Other Security (Article III):
Name of Borrower/s:
PSMT PHILIPPINES, INC.
Type of Organization:
Corporation (Private Non-Financial Corp)
Place of Organization:
Address of the Borrower/s:
32nd Street, 5th Avenue, Fort Bonifacio, Global City, Taguig,
Date Loan Agreement is Executed:
September 12, 2002
Place Loan Agreement is Executed:
Number of Calendar Months to Maturity:
Default Interest Rate:
Three per cent (3%) per month from time of default until fully
Interval Between Interest Setting Dates:
Interval Between Installment Dates:
Principal shall be payable in equal quarterly amortization
commencing after three (3) years grace period and full
payment of the remaining Principal balance at maturity.
Interest shall be payable quarterly depending on tenure of
Initial Maturity of Loan:
September 13, 2007
Principal Amount of Loan:
Peso equivalent of USD 5,500,000.00
Maximum Maturity of Loan Inclusive of Discretionary
Purpose of Loan:
To finance permanent working capital requirements of PSMT
PHILIPPINES, INC. i.e. expansion of the fourth outlet of
Penalty for Principal Prepayment:
Three percent (3%) for Peso of any full or partial prepayment
shall be collected except in cases where prepayment in full is
caused by non-acceptance of the adjusted interest rate.
Prepayment may be effected only on an amortization due date
or interest setting date.
Assignment of US Dollar time deposit issued in the name of PSMT PHILIPPINES, INC. in the amount of USD 5.5 Million.
Gross Receipts Tax – In case the maturity period of the loan is to be shortened through pretermination, the resulting additi