Publication: Magyar Közlöny
Issue: MK-2005-90 (Year: 2005, Number: 90)
Era: 2004-2010
Section: 
Paragraph Index: 15

c) In case the Hun ga ri an Party ag re es, it will, thro ugh dip lo ma tic chan nels, con firm in wri ting the cont ract app ro ved by the Party of Bos nia and Her ze go vi na. Article 6 Disbursement of the concessional credits De ta i led con di ti ons of the con ces si o nal cre dits pro vi ded to fi nan ce the pro jects ac cep ted by the Cont rac ting Par ti es are to be sti pu la ted in the par ti cu lar cre dit ag re e ments bet we en the bor ro wers aut ho ri sed by the Go vern ment of Bos nia and Her ze go vi na on the one part and Exim bank as the cre di tor on the ot her. Exim bank, for the ac co unt of its own re so ur ces, lends, up to the amo unt of cre dit line ag re ed in the pre sent Ag re e ment, con ces si o nal cre dits to the bor ro wers 2005/90. szám aut ho ri sed by the Go vern ment of Bos nia and Her ze go vi na for the re a li sa ti on of the ac cep ted pro jects. The me a su re of the fi nan cing is 100 per cent of the va lue of the ac cep ted pro jects and the amo unt of the grant ele ment. Com mer ci al and po li ti cal risks of the tied aid cre dits will be in su red by the Hun ga ri an Ex port Cre dit In su ran ce Ltd. (furt her on: MEHIB). Exim bank and MEHIB, in ac cor dan ce with the in ter na ti o nal ob li ga ti ons, no ti fy be fo re hand the ir in ten ti on to lend tied aid cre dits re la ted to the par ti cu lar pro jects. Af ter suc cess ful exe cu ti on of the pro ce du re of app ro val Exim bank gi ves no tes to the in ves tor and the ex por ter, and the Cont rac ting Par ti es, res pec ti vely. The Go vern ment of Bos nia and Her ze go vi na or the or ga ni sa ti on aut ho ri sed by it con firms to the Exim bank the gu a ran tee is su ing re ad in ess of the bor ro wing co unt ry re la ted to the par ti cu lar pro jects. Article 7 Conditions of particular credit agreements The Go vern ment Bos nia and Her ze go vi na is su es a so ve re ign gu a ran tee app ro ved by the Le gis la ti on ac cor ding to the law of Bos nia and Her ze go vi na as a se cu rity for the cre dits, for its in ter ests and for its ad di ti o nal char ges ba sed on the pre sent tied aid cre dit line in the case of eve ry pro ject for the pur po ses of re pa y ing the in ter ests and ad di ti o nal char ges of the cre dits is su ed on con di ti on that the bor ro wer aut ho ri sed by the Go vern ment it self for any re a son does not ful fil its pa y ment ob li ga ti ons ba sed on the par ti cu lar cre dit ag re e ment. Bos nia and Her ze go vi na shall in di ca te the amo unt of the so ve re ign gu a ran tee ac tu al in the year in its sta te budget. Exim bank and MEHIB shall conc lu de a cre dit in su ran ce cont ract comp lying with the con di ti ons fi xed by the Hun ga ri an law in for ce. Article 8 Taxes, fees The Cont rac ting Par ti es are ob li ged to pay the ta xes, fees and ot her pub lic char ges ari sing on the ba sis of the exe cu ti on of the pre sent Ag re e ment in the ir own co unt ry. The se costs can not be paid from the in di vi du al tied aid cre dits and they can not be se pa ra ted. Costs ari sing du ring the par ti cu lar cre dit ag re e ments shall be paid by the Par ti es of the cre dit ag re e ments in the ir own co unt ry and they can not be char ged on the in di vi du al tied aid cre dits. Du ring the re im bur se ment of the loan and the pa y ment of the in ter est the amo unts to be paid can not be dec re a sed by the tax le vi ed by Bos nia and Her ze go vi na or ot her amo unts ari sing as a re sult of ot her pa y ment ob li ga ti ons. Article 9 Dispute Settlement The Cont rac ting Par ti es shall sett le any dis pu te in con nec ti on with the Ag re e ment in the co ur se of di rect ne go ti a ti ons. Article 10 Jurisdiction For the par ti cu lar cre dit ag re e ments ju ris dic ti on of the Re pub lic of Hun ga ry shall be bin ding. Article 11 Closing Provisions

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