Loan Agreement No. 06/02-SIN dated December 16, 2002
made among
PRODUKCIJA PLUS STORITVENO PODJETJE D.O.O., LJUBLJANA,
Kranjceva 26, 1113 Ljubljana
as the borrower
and
BANK AUSTRIA CREDITANSTALT D.D., LJUBLJANA,
Šmartinska cesta 140, 1000 Ljubljana
and
NOVA LJUBLJANSKA BANKA D.D., LJUBLJANA,
Trg republike 2, 1520 Ljubljana,
as the lenders
and
BANK AUSTRIA CREDITANSTALT D.D., LJUBLJANA,
Šmartinska cesta 140, 1000 Ljubljana
as the agent
TABLE OF CONTENTS
TABLE OF CONTENTS
TABLE OF CONTENTS
2
INTRODUCTORY STATEMENT
5
ARTICLE 1 - DEFINITION OF TERMS
6
ARTICLE II - THE LOAN
14
2.01. THE LOAN
14
2.02. VOLUNTARY PREPAYMENT
18
2.03. WITHDRAWAL FROM THE AGREEMENT PRIOR TO DISBURSEMENT OF THE LOAN
18
2.04. DEFAULT INTEREST
18
2.05. SECURITY FOR CLAIMS OF THE BANKS
19
2.06. BILLS OF EXCHANGE
19
2.07. PLEDGE OF IMMOVABLES
20
2.08. PLEDGE OF MOVABLES
22
2.09. ASSIGNMENT OF RECEIVABLES AS SECURITY
23
2.10. PLACEMENT OF DEPOSIT
24
ARTICLE III - PARTICIPATION OF BANKS
25
3.01. PARTICIPATION OF BANKS
25
3.02. NATURE OF RIGHTS AND OBLIGATIONS OF BANKS
25
ARTICLE IV - DISBURSEMENT OF THE LOAN
27
4.01. DELIVERY OF REQUEST FOR DISBURSEMENT
27
4.02. PAYMENTS OF BANKS
27
4.03. METHOD OF PAYMENT TO TH AGENT
27
4.04. PAYMENT OF THE LOAN
28
ARTICLE V - PAYMENTS PURSUANT TO AGREEMENT
29
5.01. MANNER OF REPAYMENT OF THE LOAN, INTEREST AND FEES
29
5.02. DISTRIBUTION OF PAYMENTS
29
ARTICLE VI - REPRESENTATIONS AND OBLIGATIONS OF THE BORROWER
31
6.01. REPRESENTATIONS OF THE BORROWER
31
6.02. THE OBLIGATIONS OF THE BORROWER
33
ARTICLE VII - RIGHTS OF BANKS AND OF THE AGENT
38
7.01. RIGHTS OF BANKS AND OF THE AGENT
38
7.02. EARLY CANCELLATION OF THE LOAN
38
7.03. CHANGE OF OPERATING CONDITIONS OF BANKS AND OF THE AGENT
40
ARTICLE VIII - RELATIONSHIP BETWEEN THE AGENT AND BANKS
41
8.01. APPOINTMENT OF THE AGENT
41
8.02. OBLIGATIONS OF THE AGENT
41
8.03. EXCLUSION OF AGENT'S RESPONSIBILITY
42
8.04. WARRANTIES AND OBLIGATIONS OF BANKS
43
8.05. CHANGE OF THE AGENT
43
ARTICLE IX - ASSIGNMENT OF RIGHTS, CLAIMS AND OBLIGATIONS
45
9.01. ASSIGNMENT OF RIGHTS AND OBLIGATIONS
45
9.02. OTHER CONDITIONS FOR ASSIGNMENT OF CLAIMS AND OBLIGATIONS
45
ARTICLE X - GENERAL PROVISIONS
46
2
10.01. DUTIES, TAXES AND EXPENSES
46
10.02. DISTRIBUTION OF NOTICES
46
10.03. CONFIDENTIALITY OF THE AGREEMENT
47
10.04. JURISDICTION AND LAW
47
10.05. INVALIDITY OF PARTICULAR PROVISIONS AND CONTRACTUAL VACUUM
48
10.06. MODIFICATION OF THE AGREEMENT
48
10.07. VALIDITY AND COUNTERPARTS OF THE AGREEMENT
48
SCHEDULE NO. 1: FORM OF REQUEST FOR DISBURSEMENT OF THE LOAN
49
SCHEDULE NO. 2: FORM OF POWER OF AUTHORITY FOR COMPLETION OF BILLS OF EXCHANGE
50
SCHEDULE NO. 3: METHOD OF CALCULATION OF EBIT, CONSOLIDATED TOTAL DEBT AND
OPERATING CASH-FLOW
51
SCHEDULE NO. 4: FORM OF COMPLIANCE CERTIFICATE
53
SCHEDULE NO. 5: INFORMATION MEMORANDUM
54
SCHEDULE NO. 6: FORM OF CME STATEMENT
55
SCHEDULE NO. 7:FORM OF KANAL A STATEMENT
57
SCHEDULE NO. 8: FORM OF POP TV STATEMENT
58
SCHEDULE NO. 9: FORM OF AGREEMENT ON ASSIGNMENT OF