Uvod
PAYMENT GUARANTEE AGREEMENT
BETWEEN:
THE REPUBLIC OF SERBIA represented by the Government of the Republic of Serbia, by and through the Minister of Finance, Mr. Siniša Mali, duly authorised to sign this agreement,
(the “Guarantor”);
AND
AGENCE FRANCAISE DE DEVELOPPEMENT, a French public entity governed by
French law, with its registered office at 5, Rue Roland Barthes, 75598 Paris Cedex 12, France, registered with the Trade and Companies Register of Paris under number 775 665 599, represented by Mr. Remy Rioux, in his capacity as Chief
Executive Officer, duly authorised to sign this agreement,
(the "Beneficiary")
The Guarantor and the Beneficiary together the "Parties" and each a "Party".
Preamble
By the credit facility agreement n° CRS1018 01 F dated August 29, 2024 ("Credit Facility Agreement") between Joint stock company Elektromreža Srbije Belgrade ("Borrower") and the Beneficiary, the Beneficiary agreed to make a facility available
to the Borrower up to a maximum amount of EUR 12,000,000 ("Facility") on the terms and subject to the conditions contained in the Credit Facility Agreement.
The execution and delivery of this Guarantee is a condition precedent for any
disbursement under the Credit Facility Agreement.
The terms and conditions of the Credit Facility Agreement are known to the Guarantor and the Guarantor has been provided with a copy of the executed Credit
Facility Agreement.
This being premised, the Parties hereby agree the Payment Guarantee Agreement ("Guarantee") as follows: