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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Opšte Informacije
Donosilac
Narodna skupština Republike Srbije
Član 25.5 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 – ECA instructions - Majority Lenders' instructions
Each of the Lenders authorises the ECA Agent to follow any instructions of ECA and/or the French Authorities in accordance with the terms and conditions of the ECA Insurance Policy and acknowledges that any Lender's failure to conform to such instructions or to the terms and conditions of the ECA Insurance Policy may result in lapse of coverage thereunder.
b)
Each of the Lenders agrees that neither the ECA Agent nor any of its officers, directors, agents or employees shall be liable for any action taken or omitted by it or them, under instructions from the ECA and/or the French Authorities which it is or they are obliged to follow under the ECA Insurance Policy or in connection therewith.
c)
Each of the Lenders agrees that, to the extent permitted by the ECA, any communication between any Lenders and the ECA in connection with the ECA Insurance Policy or any Finance Document shall be conducted by and through the ECA Agent.
d)
Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall oblige any Finance Party to act (or omit to act) in a manner that is inconsistent with the terms of the ECA Insurance Policy and, in particular:
–
the ECA Agent shall be authorised to take all such actions as it may deem necessary to ensure that the terms of the ECA Insurance Policy are complied with; and
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the ECA Agent shall not be obliged to do anything if, in its opinion, to do so could result in a breach of any term of the ECA Insurance Policy.
(ECA override) and to the provisions of Clauses 25.5(a) to 25.5(d) above which shall prevail:
(i)
the ECA Agent shall:
(x)
unless a contrary indication appears in a Finance Document exercise or refrain from exercising any right, power, authority or discretion vested in it as ECA Agent in accordance with any instructions given to it by:
(A) all Lenders if the relevant Finance Document stipulates the matter is an all Lenders decision; and
(B) in all other cases, the Majority Lenders; and
y)
not be liable for any act (or omission) if it acts (or refrains from acting) in accordance with paragraph (x) above
ii)
the ECA Agent shall be entitled to request instructions, or clarification of any instruction, from the Majority Lenders (or, if the relevant Finance Document stipulates the matter is a decision for any other Lender or group of Lenders, from that Lender or group of Lenders) as to whether, and in what manner, it should exercise or refrain from exercising any right, power, authority or discretion. The ECA Agent may refrain from acting unless and until it receives any such instructions or clarification that it has requested.
iii)
save in the case of decisions stipulated to be a matter for any other Lender or group of Lenders under the relevant Finance Document and unless a contrary indication appears in a Finance Document, any instructions given to the ECA Agent by the Majority Lenders shall override any conflicting instructions given by any other Parties and will be binding on all the Finance Parties;
iv)
the ECA Agent may refrain from acting in accordance with the instructions of the Majority Lenders (or, if appropriate, the Lenders) until it has received such security as it may require for any cost, loss or liability (together with any associated VAT) which it may incur in complying with the instructions;
v)
in the absence of instructions from the Majority Lenders, (or, if appropriate, the Lenders) the ECA Agent may act (or refrain from taking action) as it considers to be in the best interest of the Lenders;
vi)
subject to the provisions of paragraph (vii) and (viii) below, any term of the Finance Documents may be amended or waived only with the consent of the Majority Lenders and, in case of a Finance Document to which the Borrower is a party, the Borrower and any such amendment or waiver will be binding on all Parties;
the definition of “Anti-Corruption Laws”, “Anti-Money Laundering and Anti-Terrorism Financing Regulations”, “Sanctionable Activity”, "Sanctions", "Sanctioned Country”, “Sanctions Authority” and “Sanctioned Person” in
shall not be made or given without the prior consent of all the Lenders.
viii)
an amendment or waiver which relates to the rights or obligations of the ECA Agent, a Mandated Lead Arranger or the Global Coordinator, Structuring and Documentation Bank (each in their capacity as such) may not be effected without the consent of, respectively, the ECA Agent, that Mandated Lead Arranger or the Global Coordinator, Structuring and Documentation Bank, as the case may be.