10m funding cash should be in anytime?, page-100

"Condor proceeds with required documents to secure a five year limited recourse loan of €10m to allow completion
of undertakings under the Signet HOA as well as to develop the Marianas Magnetite Tailings Project in Copiapo,
Chile. The loan documents provide for an approximately 15% average interest rate for the term of the loan with the
ability to repay it earlier at Condor’s discretion."

It only states 15% for the term of the loan, not how it will be calculated or applied.