No provision of any existing law, statute, rule or regulation of the Republic of Cyprus applicable to each of the Cyprus Guarantors would be contravened by the execution, delivery or performance by each of the Cyprus Guarantors of its obligations under the Indentures and any Supplemental Indenture.
The Debt Securities may have the benefit of guarantees (the "Guarantees") by one or more of the Corporation's subsidiaries (the "Guarantors"), including the Cyprus subsidiaries listed below (the "Cyprus Guarantors").
For the purposes of this Opinion, we have carried out searches at the Cyprus Companies' Registry against each of the Cyprus Guarantors and/or have made such other enquiries as we have considered appropriate or necessary in relation to the Cyprus Guarantors.
Each of the Cyprus Guarantors is a company duly incorporated and validly existing in good standing under the laws of the Republic of Cyprus and is duly qualified and authorised to carry on its business as it is now being conducted.
Neither the Cyprus Guarantors nor any of their assets enjoy any right of immunity from any legal action or proceeding (which shall include, without limitation, attachment prior to judgment, execution or other enforcement).