Zakon o potvrđivanju Garancije između Republike Srbije koju zastupa Vlada Republike Srbije postupajući preko Ministarstva finansija, kao Garanta i Deutsche Bank AD Španija, kao Vodećeg mandatnog aranžera i Deutsche Bank AG kao Prvobitnog zajmodavca i Deutsche Bank AG, kao agenta koja se odnosi na Ugovor o kreditnom aranžmanu u iznosu do 263.874.992,80 evra uz podršku CESCE

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Član 10. Zakon o potvrđivanju Garancije između Republike Srbije koju zastupa Vlada Republike Srbije postupajući preko Ministarstva finansija, kao Garanta i Deutsche Bank AD Španija, kao Vodećeg mandatnog aranžera i Deutsche Bank AG kao Prvobitnog zajmodavca i Deutsche Bank AG, kao agenta koja se odnosi na Ugovor o kreditnom aranžmanu u iznosu do 263.874.992,80 evra uz podršku CESCE – Miscellaneous

Član10.

Miscellaneous

10.1 Special disbursement account
The Guarantor acknowledges that:
a)
the Agent will pay the proceeds of any Loan to the Supplier Account; and
b)
no special disbursement account referred to in Article 19 of the Public Debt Act, the Budget System Act (Zakon o budžetskom sistemu, Official Gazette of the Republic of Serbia nos. 54/2009, 73/2010, 101/2010, 101/2011, 93/2012, 62/2013, 63/2013 – corrected, 108/2013, 142/2014, 68/2015 – other law, 103/2015, 99/2016, 113/2017, 95/2018, 31/2019, 72/2019, 149/2020, 118/2021, 138/2022, 118/2021 – other law, 92/2023 and 94/2024, as amended) will be opened in respect of the transaction contemplated in the Finance Documents.
10.2 Cumulative powers
The powers which this Guarantee confers on each Finance Party are cumulative, without prejudice to its powers under the general law, and may be exercised as often as each Finance Party thinks appropriate. Each Finance Party may, in connection with the exercise of its powers, join or concur with any person in any transaction, scheme or arrangement whatsoever.
10.3 Certificates conclusive
A certificate, determination, notification or opinion of a Finance Party as to any amount payable under this Guarantee or the Facility Agreement will be conclusive and binding on the Guarantor except in the case of manifest error.
10.4 No implied waivers
a)
No failure or delay by a Finance Party in exercising any right, power or privilege under this Guarantee or any other Finance Document shall operate as a waiver of that right, power or privilege nor shall any single or partial exercise of any right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
b)
A waiver given or consent granted by a Finance Party under this Guarantee will be effective only if given in writing and then only in the instance and for the purpose for which it is given.
10.5 Invalidity of any provision
If any provision of this Guarantee is or becomes invalid, illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions shall not be affected or impaired in any way.
10.6 Assignment
This Guarantee shall be binding upon the Guarantor and shall inure for the benefit of the Finance Parties and its permitted assignees and transferees. The Guarantor expressly acknowledges and accepts the provisions of Clause 22 (Changes to the Lenders), Clause 24.12 (Resignation of the Agent) and Clause 24.13 (Replacement of the Agent) of the Facility Agreement and agrees that any person in favour of whom an assignment or a transfer is made in accordance with such clause shall be entitled to the benefit of this Guarantee. The Guarantor shall execute any document and take any other actions, and procure that the Borrower executes any document and take any other actions, as Agent may request or as may be required by the Foreign Exchange Regulations to give effect to Clause 22 (Changes to the Lenders), Clause 22.6 (CESCE Subrogation), Clause 24.12 (Resignation of the Agent) and Clause 24.13 (Replacement of the Agent) of the Facility Agreement. Each Finance Party may at any time assign or otherwise transfer all or any part of its rights under this Guarantee.
10.7 Third party rights
The Contracts (Rights of Third Parties) Act 1999 shall not apply to this Guarantee and no person other than the parties to this Guarantee or any permitted assignee of any Finance Party shall have any rights under it, nor shall it be enforceable by virtue of that Act by any person other than the parties to it.
10.8 Counterparts
This Guarantee may be executed in counterpart and both counterparts taken together shall be deemed to constitute one and the same instrument.