If the tenor of the loan is twelve (12) months or less,
the relending bank shall repay the loan in one lump sum on the maturity date. If the tenor of the loan is longer than one year, repayment of the loan is in approximately equal semi-annual installments commencing twelve months after the date of Eximbank’s disbursement. The due date of the first installment is the first Scheduled Payment Date on/after twelve months of Eximbank’s disbursement. The so-called Scheduled Payment Date is defined by Eximbank as February 15, May 15, August 15 or November 15.