Common use of DURATION Clause in Contracts

DURATION. This Agreement comes into force on the Effective Date and remains in full force and effect for as long as any amount is outstanding under this Agreement. Notwithstanding the above, the obligations under Clauses 12.4(e) (Information - miscellaneous) and 15.9 (Confidentiality - Disclosure of information) shall survive and remain in full force and effect for a period of five years after the last Payment Date; the provisions of Clause 11.6.2 (Environmental and social (ES) complaints-management) shall continue to have effect whilst any grievance lodged under the ES Complaints-Management Mechanism’s Rules of Procedure is still being processed or monitored. Executed in three (3) originals, one (1) for the Lender and two (2) for the Borrower, in Belgrade (Republic of Serbia), on December 5, 2022. REPUBLIC OF SERBIA Represented by: Name: Mr. ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇: Minister of Finance AGENCE FRANÇAISE DE DÉVELOPPEMENT Represented by:Name: ▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇: Director for the Western Balkans Regional Office Cosigner, His Excellency ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Ambassador of France Act of Corruption means any of the following: (a) the act of promising, offering or giving, directly or indirectly, to a Public Official or to any person who directs or works, in any capacity, for a private sector entity, an undue advantage of any nature, for the relevant person himself or herself or for another person or entity, in order that this person acts or refrains from acting in breach of his or her legal, contractual or professional obligations and, having for effect to influence his or her own actions or those of another person or entity; or (b) the act of a Public Official or any person who directs or works, in any capacity, for a private sector entity, soliciting or accepting, directly or indirectly, an undue advantage of any nature, for the relevant person himself or herself or for another person or entity, in order that this person acts or refrains from acting in breach of his or her legal, contractual or professional obligations and, having for effect to influence his or her own actions or those of another person or entity. has the meaning given to it in Clause 3.4 (Disbursement Methods). AFD’s Covenant of Integrity Means the statement, to be signed by each of the Contractors, as provided in Schedule 7 (AFD’s Covenant of Integrity), and the content of which can be updated from time to time by the Lender. Agreement means this credit facility agreement, including its recitals, Schedules and, if applicable, any amendments made in writing thereto. Anti-Competitive Practices means: (a) any concerted or implicit action having as its object and/or as its effects to impede, restrict or distort fair competition in a market, including without limitation when it tends to: (i) limit market access or the free exercise of competition by other companies; (ii) prevent price setting by the free play of markets by artificially favouring the increase or decrease of such prices; (iii) limit or control any production, markets, investment or technical progress; or (iv) share out markets or sources of supply; (b) any abuse by a company or group of companies of a dominant position within a domestic market or in a substantial part thereof; or (c) any bid or predatory pricing having as its object and/or its effect to eliminate from a market, or to prevent a company or one of its products from accessing the market. Applicable Procurement Guidelines means those procurement policies, guidelines and procedures referred to in the IBRD Loan Agreement. Authorisation(s) means any authorisation, consent, approval, resolution, permit, licence, exemption, filing, notarisation or registration, or any exemptions in respect thereof, obtained from or provided by an Authority, whether granted by means of an act, or deemed granted if no answer is received within a defined time limit, as well as any approval and consent given by the Borrower’s creditors.

DURATION. This Agreement comes into force on the Effective Date and remains in full force and effect for as long as any amount is outstanding under this Agreement. Notwithstanding the above, the obligations under Clauses 12.4(e) 12.4 (Information - miscellaneous) and 15.9 (Confidentiality - Disclosure of information) shall survive and remain in full force and effect for a period of five years after the last Payment Date; the provisions of Clause 11.6.2 (Environmental and social (ES) complaints-management) shall continue to have effect whilst any grievance lodged under the ES Complaints-Management Mechanism’s Rules of Procedure is still being processed or monitored. Executed in three (3) originals, one (1) for the Lender and two (2) for the Borrower, in Belgrade (Republic of Serbia), on December 517, 20222021. REPUBLIC OF SERBIA Represented by: Name: His Excellency Mr. ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇: Minister of Finance LENDER AGENCE FRANÇAISE DE DÉVELOPPEMENT Represented by:: Name: ▇▇. ▇Mr. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇: Director for the Western Balkans Regional Office Head of Europe, Middle East and Asia Department Cosigner, His Excellency ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Ambassador of France Act of Corruption means any of the following: (a) the act of promising, offering or giving, directly or indirectly, to a Public Official or to any person who directs or works, in any capacity, for a private sector entity, an undue advantage of any nature, for the relevant person himself or herself or for another person or entity, in order that this person acts or refrains from acting in breach of his or her legal, contractual or professional obligations and, having for effect to influence his or her own actions or those of another person or entity; or (b) the act of a Public Official or any person who directs or works, in any capacity, for a private sector entity, soliciting or accepting, directly or indirectly, an undue advantage of any nature, for the relevant person himself or herself or for another person or entity, in order that this person acts or refrains from acting in breach of his or her legal, contractual or professional obligations and, having for effect to influence his or her own actions or those of another person or entity. has the meaning given to it in Clause 3.4 (Disbursement Methods). AFD’s Covenant of Integrity Means the AFD’s integrity and eligibility statement, to be signed by each of in the Contractors, as provided form set out in Schedule 7 (AFD’s Covenant of Integrity)) that any bidder or candidate shall deliver pursuant to the terms set out in Clause 11.5 of this Agreement, and the content of which can be updated from time to time by the Lender. Agreement means this credit facility agreement, including its recitals, Schedules and, if applicable, any amendments made in writing thereto. Anti-Competitive Practices means: . (a) any concerted or implicit action having as its object and/or as its effects to impede, restrict or distort fair competition in a market, including without limitation when it tends to: (i) limit market access or the free exercise of competition by other companies; (ii) prevent price setting by the free play of markets by artificially favouring the increase or decrease of such prices; (iii) limit or control any production, markets, investment or technical progress; or (iv) share out markets or sources of supply; ; (b) any abuse by a company or group of companies of a dominant position within a domestic market or in a substantial part thereof; or (c) any bid or predatory pricing having as its object and/or its effect to eliminate from a market, or to prevent a company or one of its products from accessing the market. Applicable Procurement Guidelines means those Policies and Rules Means the contractual provisions contained in the procedures relating to procurement policies, guidelines financed by the Co- Financier (entitled EBRD's Procurement Policies and procedures Rules (PP&R) and dated November 2017) referred to in the IBRD EBRD Loan Agreement and in full force and effect on the date of this Agreement. Authorisation(s) means any authorisation, consent, approval, resolution, permit, licence, exemption, filing, notarisation or registration, a copy of which is available on ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/▇▇▇▇-▇▇▇▇- us/procurement/policies-and-rules.html or any exemptions in respect thereof, obtained from or provided by an Authority, whether granted by means of an act, or deemed granted if no answer is received within a defined time limit, as well as any approval and consent given by the Borrower’s creditorswebsite that may replace it.

DURATION. This Agreement comes into force on the Effective Date and remains in full force and effect for as long as any amount is outstanding under this Agreement. Notwithstanding the above, the obligations under Clauses 12.4(e) 12.4 (Information - miscellaneous) and 15.9 (Confidentiality - Disclosure of information) shall survive and remain in full force and effect for a period of five years after the last Payment Date; the provisions of Clause 11.6.2 (Environmental and social (ES) complaints-management) shall continue to have effect whilst any grievance lodged under the ES Complaints-Management Mechanism’s Rules of Procedure is still being processed or monitored. Executed in three (3) originals, one (1) for the Lender and two (2) for the BorrowerBorrower in, in Belgrade (Republic of Serbia), on December 5November 15, 20222024. REPUBLIC OF SERBIA Represented by: Name: Mr. ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇: First Deputy Prime Minister, Minister of Finance LENDER AGENCE FRANÇAISE DE DÉVELOPPEMENT Represented by:: Name: ▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇: Director for the Western Balkans Regional Office Cosigner, His Excellency ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Ambassador of France office Act of Corruption means any of the following: (a) the act of promising, offering or giving, directly or indirectly, to a Public Official or to any person who directs or works, in any capacity, for a private sector entity, an undue advantage of any nature, for the relevant person himself or herself or for another person or entity, in order that this person acts or refrains from acting in breach of his or her legal, contractual or professional obligations and, having for effect to influence his or her own actions or those of another person or entity; or (b) the act of a Public Official or any person who directs or works, in any capacity, for a private sector entity, soliciting or accepting, directly or indirectly, an undue advantage of any nature, for the relevant person himself or herself or for another person or entity, in order that this person acts or refrains from acting in breach of his or her legal, contractual or professional obligations and, having for effect to influence his or her own actions or those of another person or entity. has the meaning given to it in Clause 3.4 (Disbursement Methods). AFD’s Covenant of Integrity Means the statement, to be signed by each of the Contractors, as provided in Schedule 7 (AFD’s Covenant of Integrity), and the content of which can be updated from time to time by the Lender. Agreement means this credit facility agreement, including its recitals, Schedules and, if applicable, any amendments made in writing thereto. Anti-Competitive Practices means: (a) any concerted or implicit action having as its object and/or as its effects to impede, restrict or distort fair competition in a market, including without limitation when it tends to: (i) limit market access or the free exercise of competition by other companies; (ii) prevent price setting by the free play of markets by artificially favouring the increase or decrease of such prices; (iii) limit or control any production, markets, investment or technical progress; or (iv) share out markets or sources of supply; (b) any abuse by a company or group of companies of a dominant position within a domestic market or in a substantial part thereof; or (c) any bid or predatory pricing having as its object and/or its effect to eliminate from a market, or to prevent a company or one of its products from accessing the market. Applicable Procurement Guidelines means those procurement policies, guidelines and procedures referred to in the IBRD Loan Agreement. Authorisation(s) means any authorisation, consent, approval, resolution, permit, licence, exemption, filing, notarisation or registration, or any exemptions in respect thereof, obtained from or provided by an Authority, whether granted by means of an act, or deemed granted if no answer is received within a defined time limit, as well as any approval and consent given by the Borrower’s creditors.