2.1 If, at any time, a Relevant Structured Refinancing is implemented, the Board undertakes that it shall not give its consent under Paragraph 1 of Section A of the Refinancing Schedule to any Qualifying Refinancing ("Further Refinancing") involving the refinancing of Loan Stock (or loans replacing the Loan Stock) for a period of one year following the date upon which the Relevant Structured Refinancing is implemented ("Restricted Period").
2.2 If a Further Refinancing to which the Board has given its consent under Paragraph 1 of Section A of the Refinancing Schedule is effected during the Restricted Period, the Board shall pay to the Junior Funders19 within 15 Business Days of the date on which it receives payment of its share of the Refinancing Gain arising from the Further Refinancing, a lump sum equal to 50% of the Refinancing Gain arising from the Further Refinancing.
2.3 Any amounts payable in terms of Clause 2.2 shall, where not paid in full by the due date, accrue interest at a rate per annum equal to the Default Interest Rate from the day after the date on which payment was due up to and including the date of payment.
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19 If there is more than one Junior Funder, this provision can be amended to reflect the amounts payable to each Junior Funder individually.