Zakon o potvrđivanju Sporazuma o zajmu između Evropske unije, koju predstavlja Evropska komisija, kao zajmodavca i Republike Srbije, kao zajmoprimca i Narodne banke Srbije, kao fiskalnog agenta zajmoprimca, u okviru Instrumenta za reformu i rast za Zapadni Balkan

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DonosilacNarodna skupština Republike Srbije

Član Article 11 Zakon o potvrđivanju Sporazuma o zajmu između Evropske unije, koju predstavlja Evropska komisija, kao zajmodavca i Republike Srbije, kao zajmoprimca i Narodne banke Srbije, kao fiskalnog agenta zajmoprimca, u okviru Instrumenta za reformu i rast za Zapadni Balkan – REPAYMENT, SUSPENSION AND CANCELLATION

Article11

REPAYMENT, SUSPENSION AND CANCELLATION

1)
The Borrower shall repay the principal amount of each Disbursement on the Due Date(s) and under the conditions notified to it by the Lender in the relevant Confirmation Notice.
The Borrower shall transfer the amount of principal due to the account referred to in
Article 12
(3) of this Loan Agreement on the Due Date.
Any amount of principal which is transferred for the purpose of a repayment to the account referred to in
Article 12
(3) of this Loan Agreement by the Borrower cannot be re-borrowed by the Borrower under the Loan Facility.
2)
The Lender may suspend or cancel the undrawn Loan Instalment or Tranches if:
a)
the Borrower declares its intention not to draw any more under the Loan Facility; or
b)
the financing needs of the Borrower decrease fundamentally compared to the initial projections; or
c)
the Borrower does not comply with the terms of the Reform Agenda, the Facility Agreement, a Contribution Arrangement and/or the Loan Agreement;
d)
the Commission release decision referred to in
Article 8
(1) of this Loan Agreement for undrawn loan instalment is not adopted within the Availability Period
e)
the Facility Agreement is suspended or terminated.

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PAYMENTS
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