Zakon o potvrđivanju Ugovora o kreditnom aranžmanu kupca, između Republike Srbije koju zastupa Vlada Republike Srbije postupajući preko Ministarstva finansija, delujući u svojstvu Zajmoprimca aranžiran od strane Bred Banque Populaire, Credit Agricole Corporate and Investment Bank, Credit Industriel et Commercial, Credit Lyonnais, Natixis i Societe Generale, delujući u svojstvu Ovlašćenih vodećih aranžera sa Natixis, delujući u svojstvu Banke za globalnu koordinaciju, strukturiranje i dokumentaciju i Natixis, delujući u svojstvu ESA Agenta i Finansijskih institucija navedenih u Delu I Priloga 1, delujući u svojstvu Prvobitnih zajmodavaca

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Član 10.3 Zakon o potvrđivanju Ugovora o kreditnom aranžmanu kupca, između Republike Srbije koju zastupa Vlada Republike Srbije postupajući preko Ministarstva finansija, delujući u svojstvu Zajmoprimca aranžiran od strane Bred Banque Populaire, Credit Agricole Corporate and Investment Bank, Credit Industriel et Commercial, Credit Lyonnais, Natixis i Societe Generale, delujući u svojstvu Ovlašćenih vodećih aranžera sa Natixis, delujući u svojstvu Banke za globalnu koordinaciju, strukturiranje i dokumentaciju i Natixis, delujući u svojstvu ESA Agenta i Finansijskih institucija navedenih u Delu I Priloga 1, delujući u svojstvu Prvobitnih zajmodavaca – Default interest

Section10.3

Default interest

a)
If the Borrower fails to pay any amount payable by it under a Finance Document on its due date, interest shall accrue (without any judicial or non-judicial procedure, step or notice) on the overdue amount from the due date up to the date of actual payment (both before and after judgment or arbitration) at a rate which, subject to Paragraph (b) below, is 2% per annum higher than the rate which would have been payable if the overdue amount had, during the period of non-payment, constituted a Loan in the currency of the overdue amount for successive Interest Periods, each of a duration selected by the ECA Agent (acting reasonably). Any interest accruing under this (Default interest) shall be immediately payable by the Borrower on demand by the ECA Agent.
b)
If any overdue amount consists of all or part of a Loan which became due on a day which was not the last day of an Interest Period relating to that Loan:
(i)
the first Interest Period for that overdue amount shall have a duration equal to the unexpired portion of the current Interest Period relating to that Loan; and;
(ii)
the rate of interest applying to the overdue amount during that first Interest Period shall be 2% per annum higher than the rate which would have applied if the overdue amount had not become due.
c)
Default interest (if unpaid) arising on an Unpaid Sum will be compounded with the Unpaid Sum at the end of each Interest Period applicable to that Unpaid Sum (to the extent permitted by applicable laws, it being specified that, as of the Signing Date, interest may be compounded with the Unpaid Sum if they are due for more than twelve months) but will remain immediately due and payable.