AMENDMENT AGREEMENT IN RELATION TO THE FINANCE CONTRACT SIGNED ON 8 DECEMBER 2006 BETWEEN THE REPUBLIC OF SERBIA AND THE EUROPEAN INVESTMENT BANK CLINICAL CENTERS/A ("Off. Herald of RS - Treaties", No. 16/2015)

 

FI N° 23.761 (RS)

Serapis N° 2004-0340

 

Luxembourg, 25 March 2015
Belgrade, 1 April 2015

THIS AGREEMENT IS MADE BETWEEN:

(1) the Republic of Serbia (the "Borrower"); and

(2) the European Investment Bank (the "Bank"),

together referred to as the "Parties".

BACKGROUND

(A) The Parties have entered into the finance contract dated 8 December 2006, as subsequently amended (the "Finance Contract").

(B) Further to the Borrower’s request dated 25 November 2014, the Parties have agreed to enter into this Amendment Agreement (hereinafter, the "Amendment Agreement") for the purpose of amending certain terms of the Finance Contract.

IT IS AGREED as follows:

1. INTERPRETATION

Definitions

Unless a contrary indication appears, capitalised terms defined in the Finance Contract have the same meaning when used in this Amendment Agreement.

2. AMENDMENTS

The Finance Contract is hereby amended as set out below.

2.1 In Article 1.02(2) the date "31 December 2013" shall be amended to read "31 December 2018".

2.2 In Schedule I (A.1. - Technical Description), the paragraph entitled "Programme" shall be amended to read as follows:

"Physical completion of all new and refurbished buildings is planned for 31 December 2019. "

2.3 In Schedule III (Form of Disbursement Request), the date indicated in the right hand side of the term"Disbursement deadline" shall be deleted.

3. CONTINUING OBLIGATIONS

The provisions of the Finance Contract shall, save as amended by this Amendment Agreement, continue in full force and effect.

4. GOVERNING LAW AND JURISDICTION

4.1 Governing Law

This Amendment Agreement and any non-contractual obligations arising out of or in connection with it shall be governed by the laws of the Grand Duchy of Luxembourg.

4.2 Jurisdiction

The Parties hereby submit to the jurisdiction of the Court of Justice of the European Union.

5. ENTRY INTO FORCE

This Amendment Agreement shall enter into force upon confirmation by the Bank to the Borrower in writing (including via electronic mail) that the Bank has received a certified copy of the Official Gazette of the Republic of Serbia publishing the law on ratification of this Amendment Agreement by the Parliament of the Republic of Serbia.

This Amendment Agreement has been entered into four (4) originals in the English language, each page having been initialled by Mr. Branko DRČELIĆ, Director of Public Debt Administration - Ministry of Finance, on behalf of the Republic of Serbia, represented by the Ministry of Finance, and by Mr. Alessandro CAGNATO, Legal Counsel, on behalf of the Bank.

Signed for and on behalf of the THE REPUBLIC OF SERBIA		Signed for and on behalf of EUROPEAN INVESTMENT BANK
the Minister of Finance Dušan VUJOVIĆ, s.r. this 1st day of April 2015, in Belgrade		the Head of Division Dominique COURBIN, s.r this 25th day of March	the Head of Division Massimo NOVO, s.r. 2015, in Luxembourg