Common use of DURATION Clause in Contracts

DURATION. 39 SCHEDULE 1A - DEFINITIONS 41 SCHEDULE 1B - CONSTRUCTION 51 SCHEDULE 2 - PROJECT DESCRIPTION 52 SCHEDULE 3 - FINANCING PLAN 53 SCHEDULE 4 - CONDITIONS PRECEDENT 55 SCHEDULE 5A - FORM OF DRAWDOWN REQUEST 57 SCHEDULE 5B - FORM OF CONFIRMATION OF DRAWDOWN AND RATE 59 SCHEDULE 5C - FORM OF RATE CONVERSION REQUEST 61 SCHEDULE 5D - FORM OF RATE CONVERSION CONFIRMATION 62 SCHEDULE 6 - INFORMATION THAT THE LENDER IS AUTHORIZED EXPRESSLY TO DISCLOSE ON THE LENDER’S WEBSITE (IN PARTICULAR ON ITS OPEN DATA PLATFORM) 63 SCHEDULE 7 – AFD’S COVENANT OF INTEGRITY 64 SCHEDULE 8 – COMMUNICATION NOTE OF THE PROJECT 65 CREDIT FACILITY AGREEMENT BETWEEN: (1) REPUBLIC OF SERBIA represented by the Government of the Republic of Serbia, through Minister of Finance, Mr. ▇▇▇▇▇▇ ▇▇▇▇, who is duly authorized to sign this Agreement (“Republic of Serbia” or the “Borrower”); (2) AGENCE FRANCAISE DE DEVELOPPEMENT, a French public entity governed by French law, with registered office at ▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, 75598 Paris Cedex 12, France, registered with the Trade and Companies Register of Paris under number ▇▇▇ ▇▇▇ ▇▇▇, represented by ▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, in his capacity as Director for the Western Balkans Regional Office, duly authorised to sign this Agreement, (“AFD” or the “Lender”); (hereinafter jointly referred to as the “Parties” and each a “Party”); (A) The Borrower intends to implement the Serbia Local Infrastructure And Institutional Development Project (LIID) project (the “Project”), as described further in Schedule 2 (Project Description) for a total value of two hundred and sixty-five million and two hundred thousand Euros (EUR 265,200,000). (B) The Borrower has requested that the Lender makes a facility available for the purposes of financing the Project in part. (C) The IBRD as Co-Financier intends to provide financing of the Project for an amount of up to eighty-eight million and four hundred thousand Euros (EUR 88,400,000). (D) Pursuant to resolution n° C20220095 of the Conseil d’Administration of AFD dated March 17, 2022, the Lender has agreed to make the Facility available to the Borrower pursuant to the terms and conditions of this Agreement.

DURATION. 39 SCHEDULE 1A - DEFINITIONS 41 SCHEDULE 1B - CONSTRUCTION 51 49 SCHEDULE 2 - PROJECT DESCRIPTION 52 50 SCHEDULE 3 - FINANCING PLAN 53 52 SCHEDULE 4 - CONDITIONS PRECEDENT 55 53 SCHEDULE 5A - FORM OF DRAWDOWN REQUEST 57 55 SCHEDULE 5B - FORM OF CONFIRMATION OF DRAWDOWN AND RATE 59 57 SCHEDULE 5C - FORM OF RATE CONVERSION REQUEST 61 59 SCHEDULE 5D - FORM OF RATE CONVERSION CONFIRMATION 62 60 SCHEDULE 6 – AFD’S COVENANT OF INTEGRITY 61 SCHEDULE 7 - INFORMATION THAT THE LENDER IS AUTHORIZED EXPRESSLY TO DISCLOSE ON THE LENDER’S WEBSITE (IN PARTICULAR ON ITS OPEN DATA PLATFORM) 63 SCHEDULE 7 – AFD’S COVENANT OF INTEGRITY 64 SCHEDULE 8 – COMMUNICATION NOTE OF THE PROJECT 65 64 CREDIT FACILITY AGREEMENT BETWEEN: (1) REPUBLIC OF SERBIA represented by the Government of the Republic of Serbia, through Minister of Finance, Mr. ▇▇▇▇▇▇ ▇▇▇▇, who is duly authorized to sign this Agreement Agreement, (“Republic of Serbia” or the “Borrower”); (2) AGENCE FRANCAISE DE DEVELOPPEMENT, a French public entity governed by French law, with registered office at ▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, 75598 Paris Cedex 12, France, registered with the Trade and Companies Register of Paris under number ▇▇▇ ▇▇▇ ▇▇▇, represented by ▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, in his capacity as Director for the of Western Balkans Regional Officeregional office, duly authorised to sign this Agreement, (“AFD” or the “Lender”); (hereinafter jointly referred to as the “Parties” and each a “Party”); (A) The Borrower intends to implement the “Phase 2 of the Serbia Local Infrastructure And Institutional Development Project (LIID) project (Railway Sector Modernization Programme”, the “Project”), as described further in Schedule 2 (Project Description) for a total value of two one hundred and sixty-five twenty million and two hundred thousand Euros (EUR 265,200,000120,000,000). (B) The Borrower has requested that the Lender makes a facility available for the purposes of financing the Project in part. (C) The IBRD as Co-Financier intends to provide financing of the Project for an amount of up to eighty-eight sixty million and four hundred thousand Euros (EUR 88,400,00060,000,000). (D) Pursuant to a resolution n° C20220095 C20240698 of the Conseil d’Administration of AFD Comité des Etats Etrangers dated March 17September 18, 20222024, the Lender has agreed to make the Facility available to the Borrower pursuant to the terms and conditions of this Agreement.