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 „Program efikasnog vodosnabdevanja i prečišćavanja otpadnih voda za ekološke i održive gradove u Republici Srbiji („Zeleni gradovi“) (DKTI)“

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DonosilacNarodna skupština Republike Srbije

Član 9. 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 „Program efikasnog vodosnabdevanja i prečišćavanja otpadnih voda za ekološke i održive gradove u Republici Srbiji („Zeleni gradovi“) (DKTI)“ – Illegality

Section9.

Illegality

If, in any applicable jurisdiction, it becomes unlawful for KfW to perform any of its obligations as contemplated by this Loan Agreement or to fund or maintain the Loan, upon KfW notifying the Borrower
a)
the commitment of KfW will be immediately cancelled, and
b)
the Borrower shall repay the Loan in full on the date specified by KfW in the notice delivered to the Borrower (being no earlier than the last day of any applicable grace period permitted by law).
In its notice hereunder, KfW will provide an explanation regarding the illegality event.
For the avoidance of doubt, any cancellation hereunder will be subject to (Non-Utilisation Fee) and any repayment of the Loan hereunder constitutes a prepayment and will be subject to the provisions set out in c) (Prepayment Fee) and d) (Amounts due).