Title: DRAFT
Author: Informatika
Company: SZRB

Príloha č.5

DRAFT
subject to modifications and to approval by EIB Management
BY COURIER
Ministry of Finance Štefanovičova 5 SK-817 82 Bratislava 15 Slovak Republic
For the attention of Ms. Kovacova
Luxembourg, </> November 2003	JU/OPS/RS/NG/sl          JU N°
Subject:	SLOVAK REPUBLIC - ENVIRONMENT SECTOR LOAN (Fl N° 21.772)
Guarantee agreement dated 15/18 November 2002 between European Investment Bank and the Slovak Republic (the "Guarantee Agreement").
Finance contract dated 15/18 November 2002 between European Investment Bank and Slovenská záručná a rozvojová banka, a.s, (the "Finance Contract").
Amendment N° 1 to the Guarantee Agreement
Dear Ms. Kovacova,
With reference to our discussions, we propose certain amendments to the text of the above Guarantee Agreement to reflect the extension of its coverage.
Unless otherwise defined, terms used in this letter shall have the meaning given to them in the Guarantee Agreement.
1. Recital 7 shall be replaced by the following:
"The obligations of the Bank under the Finance Contract are conditional upon the prior execution and delivery by the Guarantor of a guarantee of performance by the Borrower of its financial obligations under the Finance Contract, and the delivery of a favourable legal opinion thereof by the Guarantor.
2. Paragraph 2.01 shall be replaced by the following:
The Guarantor, as primary obligor and not merely as surety, guarantees entirely the full and punctual performance of all the repayment obligations of the Borrower to the Bank under the Finance Contract and all related payments of interest without any limitation, commissions, incidental charges and other expenses and all the sums being due by the Borrower to the Bank under any provision of the Finance Contract (hereinafter referred to as "Guaranteed Sums"),"

Would you kindly signify your agreement to this amendment by initialling the first page and countersigning and dating each original of this letter at the point indicated below and then faxing a copy and returning four originals of the letter to us by courier.
Yours faithfully,
 EUROPEAN INVESTMENT BANK

DRAFT

 

Agreed and accepted for and
on behalf of the Slovak Republic, represented by the Ministry of Finance

DRAFT
Date: