Zakon o potvrđivanju Sporazuma o zajmu između KfW, Frankfurt na Majni i Republike Srbije koju zastupa Vlada Republike Srbije delujući preko i putem Ministarstva finansija za Zajam za politike (PBL) „Reforma sektora energetike i životne sredine u Republici Srbiji II“

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Reasons for termination. KfW may exercise the rights set out in

(Legal consequences of the occurrence of a cause for termination) hereof if a

circumstance arises that constitutes good cause (Wichtiger Grund). These

include, in particular, the following circumstances:

the Borrower fails to perform payment obligations to KfW when due;

obligations under this Agreement as well as any other legally binding

additional agreements to this Agreement are violated;

this Agreement or any part thereof no longer has a binding effect upon the

Borrower or can no longer be enforced against the Borrower;

any declaration, confirmation, information, representation or warranty

considered by KfW to be essential for the granting and maintaining of the

Loan proves to be false, misleading or incomplete;

other extraordinary circumstances occur which delay or preclude the

performance of obligations under this Agreement;

the Borrower is unable to prove that the Loan amounts have been used for

the stipulated purpose;

the Borrower discontinues its payments to creditors, is insolvent or

commences negotiations with one or more of the Borrower's creditors on a

moratorium, waiver of debts outstanding, deferment of payments or

discontinuation of the debt service.

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Član 11.1. Zakon o potvrđivanju Sporazuma o zajmu između KfW, Frankfurt na Majni i Republike Srbije koju zastupa Vlada Republike Srbije delujući preko i putem Ministarstva finansija za Zajam za politike (PBL) „Reforma sektora energetike i životne sredine u Republici Srbiji II“