These terms do not apply to finance lease under the RA Law on Consumer Lending.
 In case of actual application of fines and/or penalties, their annual rate and/or the total sum of fines and penalties shall be shall be regulated by applicable limits defined under the legislation of Armenia.
 If finance is provided for acquisition of real estate and if the property is purchased from a company cooperating with the Bank, the Bank finances up to 85% of the purchase value of the property; in other cases the Bank finances up to 85% of either the liquid value of the property appraised by an appraiser cooperating with the Bank or the purchase price of the property, whichever is smaller.
 The rate and tenure depend on the level of risk associated with the deal, type of property to be purchased and the specifics of business. The lease rate depends also on lease tenure.
 The lease restructuring fee shall be payable by client, if the restructuring application initiated and submitted by the client is satisfied based on analysis conducted by relevant department of the Bank. In other cases of lease restructuring, charging of the fee shall be normally subject to decision of the Large Credit Committee.
The bank transfers the leasing amount to the bank account of the seller.
ATTENTION! In case the leasing amount is disbursed in foreign currency, volatilities of exchange rates may affect the repayments.
ATTENTION! LEASING INTERESTS ARE CALCULATED ON THE BASIS OF NOMINAL INTEREST RATES.
ATTENTION! THE BANK MAY FROM TIME TO TIME CHANGE THE NOMINAL RATE AND THE SERVICE FEE, DEPENDING ON THE AVERAGE ENTREPRENEURIAL/FINANCIAL MARKET INTEREST RATE OR DEFAULTS OF THE LESSEE. IN THIS CASE THE BANK SHALL INFORM THE CLIENT VIA THE CHANNELS DEFINED IN THE AGREEMENT AL LEAST 7 (SEVEN) DAYS IN ADVANCE, WHICH WILL SERVE AS A BASIS FOR APPLYING THE NEW INTEREST RATE FROM THE DATE SPECIFIED IN THE NOTICE.
ATTENTION! IN CASE OF DEFAULT ON THE INTERESTS AND/OR PRINCIPAL INFORMATION ABOUT YOUR DELINQUENT LIABILITIES WILL BE RECORDED IN THE CREDIT REGISTER.
ATTENTION! IN CASE OF FAILURE IN MEETING THE COMMITMENTS UNDER THE LEASING AGREEMENT THE BANK SHALL BE ENTITLED TO TERMINATE THE AGREEMENT.