(1) Prior to the execution of Government on-lending, the Government and the borrower shall sign an on-lending agreement.
(2) An on-lending agreement must —
(a) be signed by —
(i) the Minister, and
(ii) the borrower;
(b) be in accordance with the loan agreement between the Government and the statutory body;
(c) specify the terms and conditions of the on-lending to the statutory body, including the option for Government to require full repayment of the loan prior to the maturity of the loan, where there —
(i) is a breach of the loan by the statutory body,
(ii) is an adverse material change in the financial circumstances of the statutory body, or
(iii) are other circumstances that may prejudice the interest of the Government.