„საქართველოსა და SOCIETE GENERALE-ს შორის გაფორმებული „COFACE საკრედიტო ხაზის შეთანხმება A“-ს (Thales-Raytheon Systems Company ნასყიდობის ხელშეკრულება)“
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📄 საქართველოს პარლამენტის ბიუროს გადაწყვეტილება ნორმატიული აქტის პროექტის განხილვის პროცედურის დაწყების შესახებ (374 KB)
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სხდომაზე განსახილველი პროექტი
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🏛️ კომიტეტები
- საფინანსო-საბიუჯეტო კომიტეტი წამყვანი კომიტეტი
- თავდაცვისა და უშიშროების კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- საგარეო ურთიერთობათა კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- ევროპასთან ინტეგრაციის კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
📅 დამატებითი ინფორმაცია
ბიუროზე განხილვის თარიღი 2015-12-16
ბიუროს ნომერი 363
📜 ტექსტი
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SOCIETE GENERALE
By: Eric Alhin des Beauvais
Export Finance Defence, Security & Satolliles
SOCIETE GENERALE
By: Eric Allain des Beauvais
Exporl Finance Defence, Securily & Satellites
....,.....,..rfl:l:l];.h.L.d"5r,.tu
i!r...'','jd-L+"lr ;rL';irenJJ6iccd.
ifr:Iflitnu r9
I BUREAU
ხელშეკრულება
COFACE CREO]T FACIUTY AGREEMENT
(Thalos-Raythoon St/stlms Company Purch8. Contract)
Arnong
GEORGIA
.c-tlng through
Xhltt y of flmnco
Acting in its capacity as Borlot,r€r
lt
.:
Arugcd by
S{)clEIE GETIEMLE
A.tirE ln !s ca@ty as Matd#d Lead Anatgar
..
YYlrh
SOCIEIE GETIERALE
Ac{ng ln iE capaly as o'lgird COFACEtends. A a.d &8ot
-t.
o
8 D€ember 201 5
DEPARDIEU BROCAS MAFFEI
Avoc ATs
E toonl iG b ,.,n-. b ,r-iE 6l lra
Gra.! D.. L ,.!.&a AssElBl^cr f,c
!.ncad-r ba .rt {tJuo ou .d{ld a rnl
.fr
-rElEr.Ear-(kdart r.o..
,
64"
SOMMAIRE
3.
4.
UTiLtSATtON - TRREVOCAALE DIRECT pAyMEt.1T...............................
6.
MANDATORY
CONDITTONS OF
UT|1|SATION.,...................
PREPAYMENT.-................._.
........,...,..........,.......................
10
-------....-...........,,.......,..,,...12
....,.,............,,.,,..............._--_.-_-.ls
]NTEREST
REPRESENTATIONS
INFORMATION
GENERAL
15.
16.
EFFECTIVE DATE
17.
GOlTRNING
't8_
JURISDICTION.
19.
COMPLEIE AGREEMENT
ANTIEXES
SC1iEOULE 4,
FORM OF CERIFIC"AIE OF AI'IHORITY AND INCUMBENCY
SCHEDULE 5,
FORM OFCERNflCAIE OF AUI]IORITY ANO
OFTHE SEIIER .,......,,.....,.,.,....,.....,..,, 38
INCUMBENCY OF THE 8UYER.,, ,., ,.,,., ...,,,, . ,,- ,.......36
SCTIEDULE 6,
2t o2t!oL-s
2
THIS AGREEMET{T ls datod I Dec€mbe. mi 5 and made
BETYYEE]{:
(1)
GEORGIA acllng through !t3 irinbtry ofFinancs (the Bor.owor);
(2)
socETE cE eRALE, aFrcnch Nci6t6 aran$no whoso rwisteted office is at 29 boulevard
of
Haugsmann, 75OOg Paris, F6nco, regislor.d with lh€ commercid and companios registry
Agent
and
Arrsnger,
Parls under numb€r 552 120 2u. R6 Pans, adng as t[anddod Load
O.lglnll COFACE Londsr A
WHEREAS
Purcharo Contract
purchaso contracl dated '1 5
The Ministry of Dofence of Georgia (tl|e Buysr) ilas ente.ed into a
1-5
June 2Ol5 with Thales-Ravtheon Systems Company SAS, whoso registsrod offica is at
rcglstry
avenuo Cariol 91300 Massy, Flanc€ rcgisiored with the commorclaland companies
and
of
equipment
Evry under number 410 383 467 RCS Evry (the Sollsr) for the supply
of
assochted seryices (the Purchaac Contnc't).
b b€ p6rformed by lhe
Tho total purchase price of lh€ equipment to be delivercd and services
(the
TotAl contrac-t P,lCe)
seler uier ore purctrase contract amounts to EUR 52,650,000
pa)Bbl€
s follorvs:
(a)
as advance payment, EuR 7,897,500 represenung
15% of the Total Cont'act ftice (the
Oown Patmont),
B,
aildes 52'2'1' 522'2 etrd
(b)
EUR 43,552,250 in r66p€d of paymsnts rofoned to ln
5 2 2 3 of the
ii.Z.g (ur".pt fo. U" ltem Efersd to in ths last paragraph of adicle
paymenl
terms set
to the
Rnchas€ co;tracl) d tte PurdEse cont'a'i conospondin!
fodh in section 1 of Sch€dule 2 (the Tiancho I Cotnr'Et Ptlco)'
(c)
EUR't,200,250 in res@ of payYnents ref€ned to in ths last
Contract corespooding to
of hs Purd|ase Contract and adid6 5 2 2 4 of the Furchaso
2 (tho Trancht 2 Contrac't Pdc')'
tlr€ paymenl terms set fortl in section 2 of Sdl€dul€
paragraph o'aftide5223
Common Torlnt A9]6slrant
and.se lc€s to be dgliv€rod under the
ln ord€r to asslst the Euydr ln financing equipmont
availauo io tho Bonow€r csiain facilities
PurdEs€ Confacl, lhe Lende6 have agreed to mako
date
s€t forh in a common torms agrcement of even
oi terms anO suUpa to corditbns to b€
lndlvidual agrcemsnts:
h"."nn t,f," coir." T..mt AgDom'nt) and in the following
.
a COFACE oxpo.t qrdit lacility agroemont eri€r€d
into und€rllE tsrms and oonditiom
A'
in"n Ortt tttong t|e Bo'rotEr' fle A€Bnt and tho COFACE -Lordef3
J"r"iv it'.""icornce r"nders A asrse to mako TIFI".IC-I:^T:5
"n "'*n
EUR 47'835'326 76'
.Jiiii,t" "sn "g"," taximum pdncipal amountof
2oo2l39S4-5
3
the Agent and lhe
c.
COFACE Fac ty Ag.e6ment
The Partles have entered lnto this agrcem€nt (lhe Agrsomoni)
ln order to record the terms and
conditions upon and to Mich th6 COFACE Lend66 A
have agr6sd, subject to,f,"
conditions of this Agreomen( to make avalabto to tne aono,r,ei
ttro COpiCi f""ifity
i" ""0
tt
maximum aggrooate p,indpal amount of EUR ,t2835,326.78,
the proceed, ot *,t i"n'"r" to O""
applied to ,inance a po.tion of the Tolal Conhact price
nol exceeding 85% of U,"
Price and lhe rgimhlrsem6nt o, the CoFACE promium
"-"
I
f"l, l"rn"o
to te CbmCg f-"na.i e.
proceods wttt be mad6 avaitabte by the coFAcE
Lenders A dtrecdy to th€ sen"i ii t ," eg"r.
i*n
tE.?.,,*-
4
IT IS AGREEO AS FOLLOWS:
1.
DEFII{ITIONS
For lhe purpoGes of thls AgfDoment, each capftEli2ed tellns used hoEln, induding in ,ecitals
ther€lo and not otherwiso d€tin€d hersin 6hall have ths meanings ascrib€d lhBr€to in clauso 'l
of lhe Common Tems Agroement. ln addition, tl€ tollowing torms ard expr6sslons, when used
in thb Ag,6€monl, shatl haw lho tolloivir€ m€anhgs:
Avallablllttr Porlod means:
(a)
In rospo.i ot Tranche 1, tho porftrd starling fmm lho Signing Date and endlng on the
eadie. of (i) th6 Stading Oats of RepaymontTramhol and (i)tho date falling 29 monhs
atter the Silrnlng Dat6,
(b)
in rosp€,c{ ot Tranche 2. th€ pedod statling from th€ Signing Oate and onding on lha
eadier of (i) tho Sianing Date of Repayment Trand|g 2 and (ll) lhe date faling 33 monhs
after the St nlng Dato.
avelleble Commllmonl m€ans:
(i)
ln respect of the COFACE Fao:iity A: th€ Total Commibn6t s (as may bs cancdled or
Gduced under this Agl€emgnt or lho Common T€nns Ag[eem€nt) minus thg amount of
all Utilisatons made available under the COFACE Facllity A;
(li)
ln tosp€cl of Tranche l: lhe Totai Commitrnsnts Tranche 1 (43 may be cancolled or
r6ducsd under this &rrsment or thg Common Tams Aoreem€nt) minus tho amount of
all Utillsations made available under tho Trancho I ot tho COFACE Facility A;
(iiD in rospect of Tranche 2: the Toial Commitrsnb Tranct8 2 (as may be cancell€d or
of
rcduced urdot t{s &reement or the Common T€rms &rc9m€nt) mlnus thB amount
all Utilisations mado avallablo undor tho Tran *lo 2 of tho COFACE Facilily A'
Buy.r shall hav€ 0lo moanhg glvan to it in th€ F6arnt e tEBto'
CIRR m€ans 1.01 (ono point z€io ono) per cont per annum, b€ing ths commorcial lnterest
reforence rat6 determlned accoding to tho OECO Atrang€m€nt on Guldelines for Ofiicially
Supported Expo( Credlb ard mnfled by COFACE to [l3 Agsrl
COFACE Facility A means the lqm l€n f8cllity made avallsble und€r thls Agr8emor{
I and Tranch€ 2)'
doscribed ln Clause 2.1 Cfho Facillty), divided into 2 tr-anch€s Oranche
as
a
OOFACE Prrmium means tho p.smidm payable to COFACE F,rsuat to ths COFACE
lnsurancs Polby A.
Common Tarm3 Agtromont shall have the meanim
glven to I ln lhe p'€amble heroto-
Down Paytli€nt shall haw tl|e moaning given to it ln ths Esamue
heteto'
spocm6d in
Faclltty D.fault m€ans a Fadlity Event of Nault or any evenl or circumstar*b
tho giving
Cirr* t s (f""i'i y er"nls of Dofstlt) u/hi,r would (wilh tho €xpiry ot a gr@ period'
gombinatjon
of
J niri"", u. ."ring or any doE rthatbn urd6' th€ Finrrc6 Ooqrmsnb aany
any of the foEgoing) bo e Ftdtlty Ewnt of Htult'
Facllty Evant ol Dotaun means any evenr or circumstan@ specrfred
(Facility Ev6nt6 of Dofault).
as such In crause 15
Faclllty Finance P.rty means the Mandated Lead ArGngsr In connedion
Faclllly A, the Agent tn connoc.tjon wlth the COFACE Facilily
wnh th€ coFAcE
A or a COFACE Lenaer A.
Final Maturity Oat6 means:
(a) in igspect ot T.anclE .t, th6 dale falling S years after the Sladlng Dato of Repaym€nt
Tranch€ l. and
(b) ln resp€ct of Trand|o 2, 0|e date fa ng S Far3 afrer the StartlE Dat€ of Repayment
Trancho 2.
FlEt Rap.lmqnt D.L heans:
(c)
ln r€specl of Trand|e j, the date falfing sir (6) months
Repayment Tranche l, and
(d)
att€r frs Slarting Date of
in respect of Tranche 2, the date faling six (6) months
afler the Starting Date of
Repayment Tranche 2.
First Utlllsatlon Oate means lhe dale on Mich the first
Loan under th6 COFACE Facitity A is
mado bylhe COFACE Lenders A lo the Borower.
lnlorgst Paymont Dats means, in respecl ofeach Trancho:
(a)
(b)
(c)
each date falingar six (6)month inlervars from rh€
First ulirisation Dale untirils stairing
Date of Repayment,
ils Startjng Date o, Repafrenl, and
each daie fafling at sjx (6) month inteNats fiom its
FinalMaturity Dale.
Startjng Date of Repayment until its
lntorest Pealod means,ln relation toa Loan, each period
determined in accordance with Clause
g (lnterest Periods)
and, in relation to an Unpaid Sum, eacfr perioO
with Clauso 8.3 (Defaun intsrest).
aeter;; ;;;;;""""
Loan heans a loan made orlo be made under
each Tranche of the COFACE FacilityA or Ih€
principalamount outstandinglor
the time being of that loan.
Itlajorlty LondeE means a COFACE Lender
A or COFACE Lenders A whose Dartjcioaflon
(drawn and undra*r) aggregal€
more than 66%%
th" T;;a;;;m;;;;;';:rm
Commilments have be6n reduced lo zero,
"f
aggregarcd more than 66%% of th€ Tolal
Commltmenls
immedjately prior to that reduction).
Maagln means O.4O (zom point forly) per
cent perannum.
Orlglnal COFACE Londors Ashe heve the
meaning 9iv6n to it in the prcamblo
hereto.
Party means a party to thlsAgreemenl.
Purchase Contract shall have lhe meaning given
to il in the preamble horeto.
20021ltta-a
6
Rspalmgnt Dato means, ln rc3pect of each Trancho, each of:
(a)
(b)
(c)
th6 First Repay'tnent Oate applicable lo that Tranche:
after lhe FLst Ropayment Date but prior to th€ Flnal Maturity Date ofthat Tranche, each
dat6 falling sh (6) mor hs afror the pEceding R6paynont Dat€ and wiich shall fall on
an lnterost Payment oate; and
the FinalMaturity Dato appliablo to that Trand|e.
Ropayflant h.tdm.nt moans oadl scheduhd instalment fo. repaynent of tho Loans.
Scllor shall have the mearirE glven to it in lhe ptgambl€ hereto.
Solte/. Cortificato means a cedificate d€livered by the S€ller to tho Agent
gubstantially in th€
form sel out id Schedule 3 (Sdl€!'s C€nificale).
Slgnlng Dde means lhe date ot this Agro€mont.
Starting Oato of Rep.ymont Tran.fic I means the earlier of ths fol'owino dates O the
to ln the last
Acceptanc€ Tssl (SAT) (as 6udl torm is defined in the Purchas€ Contract)
'€ferrcd
paragrdph of artlcle 5.2.2.2 oI the Purchase Cont"act and (ii) thg date falling 24 months after th6
Slte
Effectiv€ Oate.
the sits
Stsrtlng Dato of Ropaymsnt T.archo 2 msans tho earlier of the followlng dates 0)
to in tho last
Acceptanc€ Test (SAT) (as such term i5 d€fined in tho Purdlaso Contrad)
'efered
paragraph of arlicle 5.2.2,3 ot tho Purchase cont-act and (ii) the dato falling 27 months after the
Efiectlve Date.
Tot l Commltmonb means ths @mmilrronts of tho COFACE Lend€r8 A b€ing
throe hundrod
EUR 47,835,326.78 (fo.tfc€wn mtrlion eight hundr€d and thirty-fivo lhousand
to
lho ext€rt nol
and twenty-six Euros and seventy-oight cents) at ths -data of this Agreement
cancelled o. reducod under
tft &reemeri o. under th6 Common Tema AgEemont' dlvlded
into:
(i)
(iD
A under the Tranche
in resp€ct ofth€ Trancho 1: commilrneib ofthe COFACE LendeG
and
1 being EUR 46,564,010.18 (torg-Bix million livo hundred and sixty-tour thoGand
c€ncallsd
ten Euros and elghteon Gsnts) at lhs dat6 of hb A€resment b lh€ odent not
and
or rsduced under his &reemont or und€r Ule Common Tom8 AgT sment
in rosp€cl ofths Tranche 2: coomitnenls ofthe COFACE
LerdorE A underthe Tranche
throe
2 being EUR 1,271,310.60 (one mi[lon t$o huMrgd and sswnt)Lone thousand
to the extent
hundred and sbd€€n Euro8 aid sixty c6nts) at he date of this &tsomort
Terms
not cancelled or Educad under this A0tB6ment or undor thg Common
Ag16€ment.
Tot l Contract Prlco shall havo lhe moaning giv6n to lt ln tl|g
proamblo hetetq
agEfegato.principal
TEncho I means thg Uani:ho d lho COFACE Facllity A of e maximum
amountofEuR,lE,564,olo.lE(tqty€ixmillionfivehurdedardsbdrourhou8andandten
Euros and eightogn cants).
Trmche i Conlra.t Prlc.6hall havo tho moanlrE givon b it in ttlo
2alr2l3!ra-5
preamblg ll€ ob'
7
TranchG 2 means lhs trancho of th6 COFACE Facitity A of a maximum
aggregate principal
amount of EUR 1,271,318.il (one million two hundred and sevehty-one
thousand lhree
hundrod 6nd sixteon Eurcs and sixo, c€nts).
Tranch.2 Contl.act price shall have the meaning given to il in the preamble h€reto.
Tranchos means co eclivety Tranche 1 and Tranch€ 2, Tranche means
Tranches.
individually any ofthe
Utilisation means a Loan.
Utlllsation Dato means Ihe dat6 of a LJtilisation, b6ing th€ date on $fiich
to be made.
2.
THE FACILITY
2.1
Ths Facllltv
the r€levanl Loan is
Subject to the terms of this Agreement and the Common
Terms Agreement, the COFACE
LendersA make avajlable to the Bonower a term loan facilify,
in an agg;egalo maximum amount
equalto the Total Commitrnents.
The Borower sha[ apply alt amounts bofiowed by it under the
Tranche 1 of lhe COFACE
Facility A to finance:
(i)
by-dire!,t payrnent to ths Sellor: up to a maxirnum amount
of EUR 43,552,250.00, BS%
of lhe Tranche 1 Conhact price as set forth in Schedute (Tems
2
J p"vr"irlnj ri.r
ofdocumenb to be suppliod lo the Agent) oth€r than the Down payment,
and
(jD
up to a maximum amount of EUR 3,011,760.i8,
the
reimbursement to ire ColaEr"no"." a or
o.
"rt
The Bo.rou'r shall apply a,l amounts bono{€d by it
under the Tranche 2 of the COFACE
facllty A to tlnsnce:
fi;; * ;;;;#;#;;:
(i)
up ro a maxtmum amounr or EUR 1,a10,2s0.00. Bs%
Fdx!9+oqedlOitgl$X$
of
prico
lhe T.anche
2 ConlrEct
6s set forth in Schedufe Z 6ferms ofpayneof
documenb to b€ suppllod to ths Agsnt) other than Ue
Oown eaymenl ana
(ii)
aJl
- - - or
oy o[ec. oavment to lhe AoBnl: up to a marimum
amount of EUR 71,066.60, the
reimbursemen o the COFACE Lenders A of all pad
p.emlum.
or
of fh€ COFACE
2.2
(a)
wirhour rimiration, its payment obtisations) unde,
Il::_"::T-i::il'g""ns.{incrudins,
Inls Agreemenl are unconditronat
and inovocable end accorOingly are noit:
(l)
sublect io or dependont upon lhe execulion or perrormance
by ttre Bonower,
the Seller oranyother person of ils oblgadons
u"d*th"
any agreoment rolated therelo; nor
p;;;;;;;;i;;
2002t3lt4J
(iD
afiec'ted or dbdErgpd by any malter afiec&E the PurciEse Contracl includlog
the fdlofling:
(A)
any dispute urder the Pur.h4s€ turtlrad no. any claim wtridt the
Borower or lhe Seller or any olher peIson may havo against, or
consk or that it has against, any p€6on undeY the Purchase Conlract
(B)
the lnsolvencl or dlssolutlon oftho S€ll€i
(C)
any sdion or haction (lvHte. rEglirent or by wiltul misconduql o'
fraud) of ttro Seller (or any of its aganls, confactors, oflcerg or
emplolE€.);
(O) the Solle. belrE subjecl to an amalgamathn' demerggr, mercer or
reorgallzalion;
(E)
any uno.rforooability, illqgality o. nvali'ity of sny obligstion of any
p€Nson under lho ftrchaso Contlad or any doqrmenb or agleomBnts
rdatlng to the Pudtase Contract; or
(O
lh€ b.sach, fiustElion or non{rlfilment ofany provislon oflhe Putchase
Conttact or atly do@ments or agB€menla ralal€d thsreto or lho
dGttudlon, noGcompletion or mr}funclionhg of lho equipmerd
detivq€d pursuant to tho Pulthas€ Contrsc-t;
ard lho BonolYer adoowlodg€s t|at he forcgelng ls an ess€nUal condition of 6ach
COFACE Londer As enty irtu thls Agrcament,
(b)
pertormance ot any of its
The 8oflo',vs.80re63 hal it w l not daim to bo r€lioved of fl6
whalsoever
obligEuons under thls Aoreement by rsagon of any failure, delay or dsfault
patt of t|o S91l€r o. 0lo Buyer ln lhe p€tfqmance ot ib obligEtioG under lhe
on
Purchssg Conbaci.
;e
2.3
Io 016 provi6ions ol ihe
Unless all tho Facility Financg Parti6 agree otllerii'eo and subj€d
ct€dit suppoded by COFACE
COFACE lnsurance iollcl A 8nd the rul6s sppllcable to epo(
wtlch shall prsvai;
(a) the obllgatiorE ofeach Facility Fi.Enc€ Pady undellho Financs DoqrmenEnotareseveral
8ffect lhe
and tailirre by a F&ility FiMnco Party to pe orm its ouigatbo!
obligations of any olh€r p€rson under lho Flnance Documonb;
does
(b) no Facility Finance Party is r€sponsible for lhe obligations of any olher Faclllty Finance
Pariy under thg Flnanco Docl,mqnts;
(c)
Ure ,lghts of a Fadllty Flnance Pdty under the Financs
D@II19fi18 atE soparate and
indep€nd6nt rlghb;
(d) a debt arising under lho Financs Documcnb to a F€ciity Fimnce Patty b a s€perate
and indepondent d€bt.
2002r${_5
I
2.4
No dulv on th6 Ficlltiv Flnance parflos
The Facjlity Financ€ par{ies sha havg no duty or liability wfiatsoever
io communicate to the
Bonower any infohaton whjch comes to their knovdedge
regarding lhe pedomance of ihe
Purchase Conkact except as erpressly provlded for in this Agreemeni.
Monltorlno
No Facitity Financ6 pady is bound to monilor or verjfy the application
ofany amount bonowed
pursuanl lo thls Agfeemenl.
CONOITIONS OF UTILISATION
3.1
lnltl.l condltlons or.codont
The obligation of the COFACE Lenders A to make
the first Utitisation underthe COFACE Facitity
A to Unance lhe Totat Conkact prjce shallbe subl.ecl, prior
Certificate, to receipt by theAgent:
(a)
Io or on lhe date otho RrsiSettefs
of the documenls and other evidence set forth in Schedule (Common
I
Conditions
Precedent) oflhe Common Terms Agre€ment in form
and subsh;c€ satisfaclory
to th6
Agent,
(b)
(c)
of the documents and olher evidence ltsted ln Schedute (Conditions precedent)
I
in
form and substanc€ satisfactory lo th€ Agent
ofthe contirmalion from Natixis Direction des Activit6s lnslitutionnoles
that lhe interesl
make-up anangement with lhe French Authorities to
make tho COFACE Facitity A
available to the Borower at the fixed reie as set forth in
Clause 7.7 (Costs
incurred by
and indemnity to the COFACE Lenders A and/or the
French Authoriiies) i" in frfffor".
and effect in.espect ofeach COFACE Lender A"
and
(d)
of sarisfactory evidence rhat the Down paymeht due
ro the se[er under the purchase
Contracl has been pajd to tne Seller.
The obligalion of the COFACE Lenders A to make the
Ulitjsation undsr tho COFACE Fac ityA
lo financ€ lhe COFACE premium shall bo subjec:l, prior
receipt by the Agent:
(6)
of the documents and other evk ence sot forth ln
Schedulo
Preced6nt) oflhe Common T€ms Agreomon
Agsn(
(b)
lo or on the date A tf," Utili.aior,
n forrn
"
I (Common Conditions
""0 "rU"tano
,"ii.f"aory u tf,"
oflhe documenls snd olher evidenc€ tiste., in Schedute
1 (ConditioB precedent) other
than those set fodh in section 4 of Schodute I (Condiri;ns pr"*0""0
substanca satistactory to lha Agenl.
, i"rl,'""d
2or,2fitta-5
10
Fu rther cond Itlons precedent
(lncludlno thefllst Utlllsatlon
The oblbEiaon of the COFACE Lenders A to make each Utilisation und6r lhe COFACE Facility
A to financ6 lh€ Total Cont-act P.ice shall be subiecl on ths dato of the Sollo/s Cedificate and
on th€ Utilisation Date, in a manner salMaclory to lho Aoent, lo the follorving conditions:
(a)
(b)
(c)
(d)
(e)
ttE &Bnt has receiv€d the S6ll6/E Codilkato;
paynent docum6nts
lhe &Bnt has rocoit€d, togslh€.lvith th6 S€lle/8 C€rtifloals, lho
listed ln S.h€dule 2 Cfo.rns o, paFrent and lkl of dooJmo'ItrB to bo supplk'd to the
Aggnt) in respsct ot lhs t t,isatlon to be made on such tjlilisation Oate;
tlE ceriifications mado by tho Seller ln the S€lle/s Cedificalo aro uuo in all respects:
no Feility Default ls conlinulng or rrould result from ths proposed Ulillsafion:
the ropresentalions and wE ranlles wt|ich are then lo be made or deemed to be
ato made)
rop€at€d by the Bo.ro{'sr und€r Clauso t2 3 (Times wh6n rBp'ossntallons
arc tuo in all material a6speds;
(0
telovant
lhe making of lhe Loan $/ould not cause the Tota' Commitn€nts undor tho
TranctE nor the Total Commitnonb to bo exceeded:
(s)
the 8ono,,!Br has paid lhe cOFAcE PEmium ln full to lhe Ag€nt
(h)
pucuant to Clause
pald in tull to the Ag6nt by
11.2 (COFACE Premium) or tho COFACE Prsmium wlll b€
A;
way of the first Ulilisatlon under eadl Tranche of 0|e COFACE Fadlity
lhe Ager( is satisfied that:
(i)
the cJrdit insu.atrce cover urd€r lhe COFACE lnsuranco Polic1 A ha3
gxlendino to ninetyfive
lssu€d on tems co'i€ring political and commerdd rists
been
(g5) p€r cent. of the Loans (including t'l€ proposod Losn);
(iD
all conditlons of 0l€ COFACE tnsutance Poliry A and the relevant credil
lnsuran@ cover have bogn (or will have been lmmedlat6ly upon
tElevant COFACE ft€mhm) tulf'lod; and
paym€nt of lho
(iiD the COFACE lnsurane Polkry A Is in full forcs and etrect
(i)
the &€nt has not roceived a notice from COFACE r8quesling tD
(j)
e not EquirBd by the lotms of th6 COFACE Insurance Policv
tho COFACE Londers
A to suspend tho making of tio l-oan;
(k)
any AJlhorlsslbn, Equlred for ltle purpoees ol this A0resment tEe b€en
r€malns in fullforco and eff€ct;
(l)
''
th€ AgBnt has t€csiv6d sudl ofie' docnmentg, certillcadod' or o0ler
rosp6d lo th€
egsA-ading on tll6 instruclioor of COFACE may reasombly lgquh€ nilh
Tdms Aoreement' the
Bo,rorvsr o. ln connedlon wlth hlg Agreement, th€ Common
Purrhsso Cont'acl or ihe COFACE lnsuf€nco Polkiy A;
COFACE Lende6A
to suJpend the maklng of the Loan (or, i, fie Agent h83 recsh€d such a
notice ha8 bgon witMra$4):
notice' lhat
A
obtalned and
6$dencs as lhe
(m) lhg Bororver has not;ha eng€d or lEvokod lhe paymont medlanlsm sot forth in Clauso
4.'t.
200213991-5
11
tEt
Tho obliga0on of th6 COFACE Lenders A to mako the UtilisaUon
under the @FACE Facility A
lo ,inanco the COFACE promium 6halt bo sub.isct, on tho Utilisation
satirfaclory to rho Agent, to tho co.ditions set forrh above except
paragEphs (a),(b),(c) and (0).
3.3
""t
Maxlhqm numbor of Utilisation
No mole than trvo Uljlisations per Trand|e ln any go{ay period
4,
Oate, ln a ,aine.
the conditbn"
iort, in
can be made.
UTILISATION - IRREVOCABLE OIRECT PAYf,IEI{T
1.1
(e) The COFACE Facility A shal only be made avaitable:
by direct payments to the Seler for the payment of goods
and seMces otigjbte
for COFACE in sccordance wilh tho lerms of th6 purchaso
-
Contract, and
by dksct payrnenl to the Agent for he reimbursemenl
to the COFACE Lenders
A oI the COFACE premium
(b) ln respEct of paymonts lo tho Ag€nt, tho Borowsr horsby mandates tho COFACE
*tL COercE pr"rir. Or"
I as soon as tno COinCe
Lende.s A and the Agont to pay to tho Agent the arount
to COFACE as set forth in lho COFACE lnsuranco eofcy
Insurance policy A is issu€d and sign€d. Such
manAataand inslruAions of pavment
hereabov€, which ar6 hereby accepted and acknowteogeo
uV the egeni,
i6iace
LeMers A and th6 Borrowor €ro made tn thetr
Jotnt tnteiest lnamaia,inieat
and are therefore irr€vocablo and may not b€ revofea
or moaineO wiffrout ffre exirass
ffiflen corEent of oach of such parths.
;i
(c)
iiuo
ln respoct of parnenb to tho se er, each Loan under
he coFAcE Facilily A will b9
mad6 avanabb by tho COFACE Londers A dkec y
to tfre Selor on Oiiaff oi rno
Borror€r bythe Agsnt osditing tho prcceeds of the
r_o"n to u*
m
the rslovant S6lle/s Cerflflcate.
""_,,ni "pu"iJ
Subirct to the olhor t6rms and cordlflons ofthis Agreemeat, payn€nls
to th6 Soller within no more than ten (,tO) Business
should be madg
OaF ftomjhe date tr6 &;;r has
received, ln form and substance satisfsclory lo the
Agent
(i)
(ii)
Ihe S€lle/B Corlificato; and
lhg payment doqlmenb listod in Schedule 2 (ferms of payrnents
and list of
documonts to be suppli6d to $o Aosnt).
For such purpose, the Boro$.sr her6by mandates the
COFACE LenderB A and the
Agon o-pay lo Ihs seflor the po,tion of the Totat Contact prlce
s"i;"*
due to ffle
at the dates ard for 6udt amounts as set
fo.th In Schsdute 2 Oem6 of payrnent8 8nd ,tst
ro De financsd under th6 COFACE Faclily A
d;;""t" ;; ;;r-rd ;;"
upon paesentation of lho doqhonls dorcdbed
"f hemin and arli6fEclion
of tho
^gem,
conditiorc pf8csder{ of Lrti sauon s€t tonh ln thls Agreoment.
12
Such mandate and lnstrudioB o, payrnent hereabove, whlch are hereby accepied and
acknorvlsdged by lho Agont, the COFACE Lender6 A and tho Borolver are mads in
th6irirlnt intea€st (rn rdrl d'ittht6l @mmunl att ara therotors lnovocablo and may not
be revoked o, modmsd without th€ expr€ss uitton consent of each of 6uch Paatles.
(d)
Th6 Bo.rorEr acknowlodgas th€t any smounts qodlted to lhg Agent or tho Sellor itsef
pursuant to thls Agr€emont shall constjtuto a Loan made available to the Bonovlaa tor
the plrposeg of this Agteoment.
(e)
The Bonovver fudhor acknorvledg$ lhat m Facilily Flmncs Party has any obligEtlon to
v6dry or 6nsul8 tho gonulnen€ss ot aaol.ac! of th€ attachmenls to any Sell€/s
C€rtific8te sub.nitted by the Borou6r or the Seller'
(0
The Agent shall notify to th€ Borotrar th€ date and amounl of eadl Loan mad€
available to tho Borror|er by diEcl payrnent to the Seller no latsr than l0 (ten) Businsss
Days flpm the relevar Utlllsation Dato.
(s)
Th6 Aggnt will maintaln ln its books an accounting system showirE the amount of the
principal denomlnated ln q.rrency of each Tranchs of tho COFACE Facillty A
outstanding under the Agfeemenl The ac.ouriing systom shall, ln lhe abs€ne ot
manifost 6110r. bo conclusivo as to the amount owing by tho Borow€l und6r lhe
Aor€oment.
(h)
4.2
Any Ulilisalion made avaihue to ltle Bo.row6r to financo the Trancha 1 Codt'acl Ptlce
shall be a Uulbation und€r Trancho 1. Any Ulilisation mads avallable to lhe BorowEr
Tramfie 2'
to financ€ ths Tranch6 2 Codt'act Pric€ shall b€ a Utilisation undg(
complotton of a soll.l'r Carimcd.Each Sell6/s C6rtificate is inevocablo and will not be regatded as
having been duly comPlot8d
unless:
(a) tho Ulilisation Date ls a Busln€ss Oay wlthln lhe Avsllablllty Period applicable to th€
Blevant Tiancho;
(b) tho qlrBncy speoif€d in the SeIo/8 C€rtificats b EUR;
(c) ho smount r€quested by flo S€ller ln lhe Sell€/E C€ltficate must bo a midmumrhallof
of thoielevant Tranche ard
EUR I ,OOO,O0O or, f less, lhe Avalable Commiunent
TrandE;
not ex6€d the Availsblo Commltrr€nt of ho ldevar{
..tl
tequlrcd to b€
rh6 sdld attaches to th6 Sdl€/s C€rlificate all Elevant documentB
and
to.m fo' ltEt S€lls/3 c€rtificato' 6ati8'actory to the Agonl;
*riJ"" *, ,"
(e) tho Sell€/s Cedifkats ls erodtod by a person duly autho'G€d lo do so on behafoflhc
Sollo..
1.3
(a)
Lender A of lho Emount of lho r€16\rant
The Agont shall prompty notify €acn COFACE
purpoce
ln tho relovant Loan' the ac@unt for such
,o
ltYee Business
"r
"paton
ln lha seller's c€rtificate no hter lhan
i*".ii"
"t*ti,
;;;-,;;;;;";binsd
irt
Oays boforg th6 Utilisalion Dab'
13
(b)
lftho conditions set out ln lhis Agreement hav6 been m6l, the COFACE Lenders A shalt
mako th6ir participation ln each Loan avaltabl€ by the Utilisation Dal. through thetr
Facility Otrrco.
R.loonrlbllltv of tt!. Ariont ln .rarnlnldn fts ilocrridnt
Tho Ag€nt 6hall not b€ responsible fo. examinlng the doqJments:
(a) provided pursuant to Clause 3.2;o.
(b) lnckdsd wlth or attached to any Sslle/6 Cort icate;
exc€pt to a8c€rtaln that th€y appear on thelr faco to be In compllgnce with the requiroments of
tho Financg Documents. For the purpose of this Clause, appear on lh€ir fa@ has the meaning
ascrlbed to lt i4 the latest veEion of th6 Lrniform Customs aM pradlco for Oocunenbry Crodib
of tho lntemal,onsl Chambor of Comm€rce (at prcsent ths latesl veGbn being ICC publication
UCP 600 - 2007 verslon).
4_5
Cancoll.tlon of Total Commlt]r|e.
(a) Tho Tolal Comrnit nents under a Tlanclls whidt, at thet Umo, ars unutilised shall be
immedhtety cancelled at tho 6nd of tho Avalabillty pertod appllcable to that Tranch6.
(b) lf no Utillsation has boen mado avaitabte undsr the COFACE Facility A 6 monttt3 af,er
lhe Signlng Dato, lhe Tobl Commihents shafl bo trnmedHely cancelled
othortvise agreed botlve€n ttle COFACE Lenders
unl6s
A the Borrower and COFACE.
REPAYYEIIT
5.1
c.nsililt
(a) The Bonol'Er'ahall it ifiki'Lo€ns as tu or,!,r: -(0
All Loang mado availabl6 urdor Trdnche , durlng the
Ava ability period
-- of
Trsndlo 1 will b€ conEolldated on the last dsy of ttr* lla;tatilty
eerioO.
0l)
All Loans made .vailauo under TrarEhe 2 during the Av8ilability pedod
Trariche 2 will be consduaH on th€ last d8y
of het Avarablmy polod.
'- d
(fli) All_ the Loans sha be repatd tn tufl tn lon (10) conseorUve semi€nnuat
n$almonts oI equal amounb h
(iv)
Elnojpal.
The firsl Repafnent lnstalment under Ti'anch6
Repayment Date and subsequ€nt nepaymeni
i
mult b€ paid on ib Firsl
lnsElments
on_"""f Ropayrnenr oare rhereafier. The nna nepayrneni
I::-1-o:_.r"'0,
I must be paid on its Fimt Marur y oare, anJ anf
S::-'Tll.r:o:,.T"":he
x€fraynenl lnslalment undo. Trancho i that u/ould
otheMis€ fafl UloJ,ts
Final Maturity Date shall bo deemed
;;,;;;;;
to fall on lls Flnal Maturjty Date.
14
(v)
The first Repayrnent lnstialment under Tranche 2 must be pald on lls Filst
Rspaynent Oate and $bsequsnt R€pafngnt lnslialmonts und€r Tranche 2
must be paid on each Repaylhent Date thoreafter. Th6 final Ropayment
lnslalment under TranclE 2 must be pald on lts Flml Matudq Date, and any
Repayrnent lnstalmont under T€nche 2 that would olheMiso fsll beyond its
Final Maturity Dste shall be deemod to fall on lts Flnal Maturity Date.
(b)
As soon as pracikable afler ttle end ol lhe Avallabillty Period of Trarrchs I , the AlEnt
shall provHe to the Bonower and the COFACE Lenders A a r6payment schedule of lhe
aclual Repayrner{ Inttalments of Tranchg I which ars to be pai, by the Bofiowsr.
(c)
As soon as pradicablo af,er 0l€ dale falling one (1) morih b€torc the 6nd of the
Avsllability Period of Trancho 2, the Alpnt shall provlde to the Bonower and the
@FACE Lend€6 A a repavmeot s{*Edule af the actuai Repayment lnstahents of
Tranche 2 which a.e to be psid by the Bonov/Br.
It is however specified that, in the event a Loan is made availablo under th6 Tranche 2
bettlEcn the dato Ialling on€ ('1) monlh beforo lhe ord of lhe Availability Perlod ol
principalamount
Tranche 2 and the last day of lhe Availability Period ot Tranche 2, 0|e
2
of such Loan shall be included in th€ outstanding prlncipal amount of th€ Tranche
provided
2
as
Trandlg
princlpat
of
the
installmord
us8d to delermine tho amount of €ach
equal to 1/'10 of lhe principalamount
(a)
an
amount
Th€refore,
paragraph
above.
for ln
pracllcable 3fler
of that Loan shall be rspaid on lhe Fhst RePaymont Date. As soon as
lhis Loan is mado available, th6 Ag€nt shall povido to lhe Borow€r and tho COFACE
Lenders A an updated repayment schedule of lh6 actual Repan€nt lnstalments oI
Trancho 2 which aaa to be pald by lho Eonowet.
(d)
The Borower may not rebonow any part of tho COFACE Fscility A whlch ls rep€ld'
5.2
lf any of lho Loans are prepald ln sccodanco with this Agro€mont 8nd lho Common Terms
DatB falll4
&reeme,t ther the amour{ of th€ Repayflent lnslalmont for each Rrpayment
ln
inverse
chronologlcal
propaymont
(as
wlll
bo
roduced
.ppllcabte)
aft€. th6t canc€llallon or
ord€. by lhe amoont canc€llod or tho amount of tho Loan F€pald (as applitable)'
6.
TTAI{DATORY PREPAYMEiIT
6.1
lllxnJltv
lf it i8 or bocomE unlawful in any applicable lrisdkxion for a COFACE Lender A to perform any
contemdat€d by hb Agreement or b fund, lssue or maintain iB parlidp€lbn
of its obligEtions
d
in any Utillealion or it becom€ udawtul for any Affili8t6 of a COFACE Lendor A lor tlEt
COFACE L6nd€. A to do so:
(a) t|at COFACE Lendor A shdl p.ompdy notify tho Agont upon bocomirE 6wsrs ol hst
ewnt
(b) upon the Agent nolifying th6 Bonowr., tho commihont of that COFACE Lender A ln
th€ Tgtd Commitrneot6 will bg imm.diatoly cancalbd; and
aE21ltga-!
15
(c)
the Bonolver shaltrepay that COFACE LenderA,s participation in
tho Utitisalions made
lo the Borower on the last day of the lnlercst p€rlod for each Uulisatbn
occuring after
the Agent has notilled the Bonower or, if earlier, the date specifled
by the CO;ACE
Lender A in the notice delivered to the Agent (being no earlier lhan
ths last dayofany
applicablE grace p€riod p€rmi(od by taw) and lhe commitment
of thai COFACE Lende;
A in the Total Commitments shal be cancelled in lho amount o, the partjcipations
repald.
6.2
f th€ BofIol,l€r s€lls, lransfeG or disposG of he equipment purchGsd undor ths pur.iase
Conhact so that the ownershlp or the right of disposal of such
oqutpment ts transferfu to a
pe6on olhor than the Bonou€r, tl6 Borow€r shal lmmedlately
repay lhe Loans in full and the
TotalCommtt nents shall be cancelled.
7.
RESTRENO S
7.1
llotldddof rcitic. afdn or p. roirauddirt
Any notice ot prepayrnsnt, authorisation or other
elecllon glven by any party under Claus€ 6
{Mandatory prepayment), ctause s (Voluntary prepaymenianO Canilatio;;
Terms Agreement or cJause 6 (Mandalory propayment _
Sanaionsl J
Aoreement shafl (subject to the terms of those crauses)
;;; ;;;.""
ue'c;;;;l"_"
bo rnevocabL and, ,ir"." i"""n"ry
indicatjon app€a.s ln this Agreomenl or the Common
Terms lgreemeif,
fn" Aa"
o. datqs upon which th6 rerevant canceflation or propayment
"n"U "p""ify
is to be mads
anithe ;mount
of
that cancellatlon or prepaynenl.
7.2
lnto[rt and other amounts
Any prspsnnent under thi6 Agr€emont or under the Common
T€rm8 Aor€€mont shall bs mado
tog6ther witi acc,u6d interest on the amot nt prepaid erd
irifhod p.6;iu, * p"*ity."r" fo,
any Break Co8b.
7.3
l{o ribliiiorilir
The Bono$/er may not rs-bonow any prrt of th6 COFACE
Fadlity A h,hicll b pBpall,
7.1
The Eono$,er shall not repay or prepay all or any part of the UtilisaUons
o. cancel all or any part
of the Total Commitrnonts €xcepl at tho lim6s aM in th6 mann€r exFressty provided
for i; this
Agreement oa ln the Common Torms Agr66ment.
7.5
lf the Agenl rccslves a nollca under Clauss 6 (Mandatory prepayment), clause (Votunlary
O
Prepayment and Canceltation) of lho Common Terms Ag.eement or clause (Mandatory
6
Prepayment - Sanctions) of the Common Terms Agreement it shall prompty foMard
lhat nolic€ or €loction to either the Boro{/er or lhe afiected COFACE Londer A, as
a copy of
apprcpriate_
16
rrtr
Ytrla
Effect ot Eggavmsnt Fnq P.epavrn.nlPn' and Enc€llation gL Toiai cotnmltmonts.
7-6
lf all or part of a Utilteation undor tho COFACE F6cjlity A is repaid o. prepaid, an amount of lhe
Total Commibnenls (oqual io tho amount d the Utilisation whlch ls ropald or pr6paid) in rospect
of the COFACE Facility A will b€ d€€med to be cancelled on the date of repayment or
propayfisnt. No amount ol the Total Commlbnonts cancelled unde. this Ag[Esment may bo
6ubs€quonlly.oinstatod.
7.7
coct! lnc,unrd bv.nd lndo tvtotie99FAoE i..ndor! A tndlorlh. FrtEch Authorltl.q
(a)
The Bo.rov6r acknowlsdg$ thal:
(U
in order lo m8ke tls coFACE Facility A availablg to tho Borou/€r 8t the fxed
rst6, lhe COFACE Lenders A and the Fasrrch Authorities hav€ enterod into en
lnterest mak6{rp anarEemont;
(ai) in connec,tion wih such intersst make-up arangsnent, it is the policy ot the
Fr€nch Authorilies to enter inlo hedging arrangemonts or lo cause hedging
arrangemenb to be entered Into with thlrd parti€s, in order to protect lhemgelves
from adveE€ movem€nls h inlerost raies; and
(iiD it is accordlngly Gasonable for the COFACE Londers A and tho Fronch
Authorities to lEly upon lhe @ntinuEnca of lhe COFACE Fadllty A mado
available heroundsr accoding to lts original prollle when such hedging
procedur6 wBs implomented, on llle a8gumptlon lhat all amounts of prlnclpal
and lnterest pavable by the Bononsr under the COFACE Faclllty A will be
recoiv€d on th€ir du€ dales.
(b)
Acco.dingly,lhe Borrot!'q lnsvocabiy agrcca thst
(l)
tho Borrower stlall (to th€ extent paid or payablo by the Agsnt o' Eny COFACE
Lender A),€imburse to tf|e Ageot (for thg account ot the COFACE Lenders A)'
upon demand, all cost!, e"xpens$ and ihdemnltils whlch any
COFACE L€nder A may lncur under appllcablo intoBst mak€-up arangements
wjth UE Frendl Au0lodties in conncdion t$th any padial or lotal pr8payment ot
or
the COFACE Facility A of whalover nature, wh€ther voluntsry or msndatfiy
by accalerallon, pu6uant to any oI ths provlslons of fiis &rgsmont 8nd
(ii)
pa!8bls ls to bo
under such ananq€mEnts, the amounl gf any ind€mnily so
a3
dotenhinod ln ag!€mBnt wfi the French Adhoritie6 and will bo oalollated
speclfied het€afier.
(c)
(b) of this
Th6 amounl of ttlo lndomn y pa!'able by tho Eonpl'wr undd Fragiiph
tho
oau6o 7.7 (costs lnofied by 8nd indomnity io ul6 COFACE L€'dsrs A snd/o'
bet''€€n
tho
dlfie'€nual
F.Bncfi Autho.ities) is to bo dotominod by takhg lnto account
Facility A 8nd tho prdvailing
lho conlractual intorsst rato sppllcable to tho C'FACE
of p'incipq! to.b€ pqopdd
narket r6placement rate for th€ amount esch iGBtalm€nt
'f
to the amount of the con€spondlng
and each of those rato ditroreitials will be applled
p€riod
from ti|s date of such pEpaymant
insliment of prindpar to b€ p'epard lor the
l6sull"g..t- *
u"tii trt" -lsi*lly s.tEduled Repayn€nt Date The amount.
pa'agraph (c)shall lh€n bs discountsd
detemimtion of tho lndemnlty pu6uant to thls
20021!9*5
17
ttr,,|I
.I
at the conesponding ma*et replacemenl rale ahd wher6 the tol,al of lhe discounlod
amounls thus obtained is negative, no indemnity shall be payablo totho Bonower. The
Agsnt shall notify the amounl of lhe indemnity ln wrlting to the Borou/e. tno Business
Days prlor to tho dale of prepayrnent.
(d)
Tho Bono\ €r acknowledges and agrees that the amounts pa}/able uoder this
Clause
7.7 (Costs incur.€d by and indemnity to th€ COFACE Londers A and/or the French
Authodtl€s) a.e ln addlton to all amount6 pafabl€ by lt under Claus€ ,t0.3 (Br6ak Costs)
wih resp€ct to any prepeymenl or any other amount pa!,ablo undor ihls
&reomenl.
8.
II{TEREST
8.'l
Calculation of lnlerAt
The aale of interest on each Loan for each lnterest period is the percenlage
rale per annum
equalto 1.41% which is the aggregate of:
8.2
(a)
th6 Margin;and
(b)
ctRR.
Pavment of intarcst
The Bonower shall pay accrued jnterest on lhe outstanding amount of each
Loan on each
lnterest Paymenl Date applicable to the relevant Tranchs. ln all circumstances,
any interest
paid lo lhe Agent (for th6 account of each COFACE Lender
A) is definitivety paid
a;d is not
refundable (except in case ofmanifest enor).
8.3
D€fauh interest
(a)
(b)
Inlorest shall accrue on each Unpaid Sum due to the Facility Fjnance parties
from its
due date up to the dat6 ofactual payment at a rate which is 6quallo
the aggregate of
lhe interest rat€ calculat€d pursuant lo Ctauso 8.1 (Catculation of inter€sgiiaI.OOU,
doring lhe period ofnon-peyfient. Any int€rest accrulng under
this Clause 0.3 (D€fault
jntsrest) she be imrnediatety payabte
by the Bonower on demand by the Agent.
Delault
intorest (if unpaid) arising on an Unpaid Sum due to lhe Facjlity
Financ€ pa.ties
wlllbe compounded with the Unpaid Sum at the end of each
period
lnteresl
a;plicable
to lhat Unpaid Sum (to the extent permjtted by app,icable
laus, it being sr*m"a
as of the Signing Date, intsEsl may be compounded
with lhe Unpaid-Su, ar"i" tt"
Fecllliy Finance parties if they are duo for more than
twelve monff,if
*a
immediatety due and pa)€ble.
4.4
Uri
"iff
."r"i"
Notlrlcatlon of lhtororts
The Agent shall nolify lh6 BorroM€r lhe
Period
amount of interosts due in respecl of each lnleresl
18
9.
INTEREST PERIOOS
9.1
lnterest Periods
(a)
Each Loan of a Tranche has succsEslve lnterest Periods..
(b)
Each lnterest Period of a Tranche shall have a duration of six (6) months save for tll6
inlllal lnterest Period for a Loan which will b€ the period trom and including its Ulilisation
Dato to and irduding the next lnterest Paynent Date of the relevanl Tranche and for
ths lnle.est Period ending on the Slaning Dat€ of Repayrnent Tranch€ 1 in respect oI
Tranche I or on the Stading oate ol Repaytnent Tranche 2 in respect of Tranche 2.
(c)
Each subsequ€nt lnterest Period for a Loan under a Tranche will starl on ths expiry of
th€ precoding Interest Period of ihat Trandle and €nd on the next lnterest Payment
Date.
9.2
(d)
Ao lnterest Period for a Loan under a Trarrche shall not extond beyond the Final Maturily
Dat€ of that Tranche.
(e)
Each lnterest Period for a Loan shall start on ths Utillsation Oate or (if already made)
on the last day of its precediog lnlerest Poriod.
!e!'BEEsls-BeE
lf an tnterest Period would otherwis€ end on a day whidr is not a Business Day, that lntorest
Period will instead end on the next Business Day.
9.3
seEelcllleD
All Loans under a Trancfio will be coasolidat€d lnto, and treat€d as, a single Loan on th€
last
day of the Availability Perlod of that Tranche
10.
CHANGES TO T}IE CALCULANON OF INTEREST
10.1
(a)
Period' then
lf a Market Disruptlon Event occurs in relation to a Loan for any lntr'€st
(subjed io any ahernative basis
th6 Ag€nt shall promplly notr'fy tho Padiss lhereof, and
funding) below)
agreod as contemphted by Clause 1O 2 (All€rnative basis of intorgst or
th; rate of lnterest on each Lende/s share of that Loan for the lrforest Perlod shall be
the percentage rate p€rannum which is the sum of:
(i)
(ii)
the Margin;and
practicable
the rate notified tothe Agent by lhat COFACE LendorAas soon as
oays
Business
and in any evsnt by otose ol businoss on the dato falling live
prio. to the date on which interest is due to be paid in tespect of that lnterest
p€r annum the
Period, to bo that which exp.ess€s as a p€rc€ntage rate
aggr€gato ot CIRR and any additional oost to that COFACE Lender.A.of
procuring funds to be m ade available to the Bonow€r at th6 CIRR rato in relation
to that Loan from whatever sourco it may naasonably select'
Fl
(b)
ln this Agreement:
Ma.tst Olrruption Evo means beforo dos6 of business in paris on the Ouotalion
Day for ths rele\rant lnterost pedod, th6 Ag6nt ,scaives notifications frorn
a COFACE
Lender A o. COFACE Lend€rs A (whose par{clpations in Loans €rce€d gg%%
of th6
Loans) lhat the cost io them of funding ils partcipation in a Loan from whateve.
source
it may rgasonably select u/oujd be in excBs of the rate at which the EURIBOR
coanpon€nl of any payment received or r€coivable under tho interBl make-up
arange.nent enleBd tnto with the F.erch ArthorltJes for that tnlerEt perlod
is
calculated.
r0.2 Altm.th,. b.rb irf tiilaaat or tundhd
(a) tf a Ma*et Dlsruption Event occu.s and th6 Agenl or tho Bonotier 9o requires, lho
Agenl and the Bonou/er 6hall €nte, into negoflatons (for a period
days) with a view to agrcoing a substituto basls for determlnlng
o, not more than 30
tho rate of interest.
(b) Any artomaflve basis agre.d pu*uant ro pa,graph (a) shal, with tho prior consen( of
a the COFACE Lende6 A and the Borower, be binding on all parli6s.
10.3 Bnek Cosis
(E) The Borower shall, wlthln three Business Oays of demand by a Facility Flnanca party,
pay to that Facirity Finan* parry its ,r€ak
costs attibutabre to a[ or a;y pad ot a Loan
or Unpaid Sum beirE paid by the Borou/er on a day otlle than
payment
Date or ths last day of an lnterest perlod for lhst Loan or
tho lniBrest
Unpald Sum,
(b) Each COFACE Lsnder A sha , as soon as rcasonably pEcticablo afrsr a d€mand by
the Agent, provide a cer0ficate confirming th€ amouni
of its 8.6aft Cosb for any lnterest
period in which theyaccruo.
11. COFACE, COFACE PRETTIU , SUBROGANOI
ll.,
COEACE ove..ld.
tloltrffEbnding any,thl.{ to $e contrary in hb Agrsom€ot, nolhing
in tib &reom€nt 8ha[
paiy ro ad (or omir b acl) rr
a m"nn", u,lt s hco,;bbnr with any
l8qurement ot COFACE und6r or in connocllon witirthe
CijtiACE lnsurance iolicy A and lhe
llplyji:',9:,:1y
&drt lhatt:
(a) be aulhorissd Io hks all stroh actions aE lt m8y d€em necBsary lo onsulr that
requi.Bmonts oI coiAcE under or in connoctbn *,r,
ir,. Coietjr"*raro
ar€ complted $,ithiand
(b)
rn [s optnton, ro do so courd r$utt
:.f:rl:q:d-:"^.^1:Hln0,r,
roqurcmsnts
of COFACE u.der or ln cono€cliori
I br€ach or any
A
I COFACE notii.5 th6 Aoent ot ll€ dgcision on rny malif (tnc]uding
Ao*€ment or any oths. Frnance Docurnent).
d€cbion mad6 by any Fairily Fhenc. pary.
"",rya
ii,ltli the COfACE lnsuranco poltcy A
o. aff€ct th6 vatidiv ofth6 COFACE tnn,rance poflcy
lhe approvat ot any reouested rEtvors or amendm€nts
in
all
ony droirion r.trting lo
by lhe eJrower ln ,ospea or this
*cr:dcd; .;;i;.
T J*ii:rny _nu",y
,.9?de
20
ln lhe case of any contllcl or hconslstency bet$/een the terms of th€ COFACE lnsurance Policy
A and lho terms of th€ Fhandng Doqrmenls, the terms of th€ COFACE lrEurance Policy A
shall prevail as bet$oan lho Facility Finance Parties and @FACE, srd to th6 extenl of 6uch
conflict or inconslstency, tho Fadllty Finance Pa iss shall not assort to COFACE lhe terms of
tho Financo Document6,
Each COFACE Londer A lvill ca{p6rat with the Agent and €ach other COFACE L€nder A,
and take such aaiion and/or r€fraln trcan taking such 8c1ion as may bo reasonably n€cessary,
to 6nsu.e thal lh. COFACE lnru.anca Policy A contnues ln full forca and 6fi€cl. The BonowEr
shall provire all irfornaliro and ohe. asistance reasombly .aquested by tho Agsnt ln
connedion with th€ COFACE lnsualca Poli;y A
rr-2 COFACE Premlum
(a) The BorrotrEr sckrrotdedg€s that no Facility Finance P8dy b ln 8ny way involved in ihe
calculauon of any part of thg COFACE Premium.
(b)
The Borrower shall not rais€ againsl any COFACE Londet A any clalm or del€nco in
pan
relation to th€ Glqiation, paFent or .efund of (or Ul€ fallurs b pay or tetund) any
ofthe COFACE PEmlum.
(c)
The Borower shall be.r lho cost of .eimbo.slng b U|o A€snl (fgt tho account df each
COFACE Lender A) lt|€ ctEdil insurance pr6mtum du€ to COFACE und€rthe COFACE
lnsurance Pollcy A (lnduding any inorsas€ in the amount of [re COFACE Premlum)
,
(d) As at the date of thb Agrosmont, tt|€ COFACE Premium i8 €slimat€d to be an amount
pdcsntage ls set
equal to 6.44% d th€ Total Commlt nenB. Tho @FACE Prcmlum
in th€ coFACE
wlll
be
indicat€d
by the French Aulhodtles at th€ir sol6 discr€tion and
lnsuranco Pollc1 A.
(e)
The Bono',lEr acknowledges that the obllgation to rolmbuEo the COFACE Ptemium
paragraPh (G) 6hall apdy
related to this &rBomonl is absolute and utrconditlooal ard
in respocl ot dl ctadlt insuBnco p.Bmium dqe to COFACE und6r tle COFACE
lnsurance fulct A
(0
pald
with th€
upfiont
The Bomlver aclsEt €dgss that the COFACE PEmium shal be
following
first t tilisalion boirE mad8 under each Tram'E o' the COFACE Fadlity A
bo
financed
delivery ot a Soll€/s C€rti,icale. 97,69% of lhe COFACE [tsmtum will
under Trancho
under Tranchg I and 2.31% of tho COFACE Prsmlum will bo limncod
piy
to
io the Ag€nt
8gr€€r
2. Th€refo,e, th. Bonow6r inovocably ard unconditionslly
(for fudhs payment b COFACE) an amount equal to th6 COFACE Premlum'
(s)
Th6 Bonou,er acknor{odgBs that the COFACE Premium ls not rcfundable lor
any
rcason wiatSoovef.
(h)
200213aaa-3
of this A€reement' in
Notwithtanding tho above, a minimum p'emtum, as oI th€ dalo
shatl bo pald to COFACE by th€
an amount equ-al to t*o lhousand Ewos (EUR 2,o(Io)
of the
Bonorwr in ,6sp€d of the COFACE lmuranco Policy A upon th€ execution
pmpedy
J"*n, COfeCe lniurance Poliry A. Such amounts shall mmalnanythe6vent' of
to COFACE In
COFACE and is acoodingly pa)/able by thE Bono"!€r
21
ll.3 Subrodatlon
Wnhod prqudica to any righl of indemnific€tion or 5u brogation COFACE may hav6 at taw, oach
Party agrees that COFACE wi be subrogEted to the rights of th6 COFACE Lenders A
under
this Agreemgnt upon the maklng of any payment by or on bohatf of COFACE undsr
the
COFACE lnsut.anco policy A and the COFACE Londers A shall act ln accordanco wlth the
instructions of COFACE in the enforcement of thei ights under lhts Agreement and th6
other
Flnance DooJments foltovving such subrogatjon.
The Parties agr€e that the .ighl olEubrogEtion shall arige inssp6ctiv6 of, and prevajl
ov€r, any
lnconsistency Mth any right of subrogation arising under ths COFACE lnsurance policy
A or
unde. tho la$6 of France, and notwithstandlng any conduct on thg pad of COFACE
or the
COFACE Lenders A
Any paynnents mads by COFACE under the COFACE lnsuranc€ pollcy A
of, any COFACE Lenders A arc for the benelit of that CO FACE Lender
to, orfo.lhe account
A and not lor the benefit
of lho Borou6r.
The BoIron€r acknowledges, for the benetrt of ths COFACE Lendofs A
and COFACE, that any
payrnents made by COFACE to, or for tho account o{, any
COFACE LeMsr A undsr the
COFACE lnsuranc€ policy A will not saUsfy, rsduce, rsleass or p.ejudics any
of the Bonovte/s
obllgatiohs und6r the Finance Doctrmonts tn whole or in part, which oblOatb;s
shall remain dus
6nd payable not lthstanding th6 recetpl or appllca on of those paymonts
by the COFACE
Lende.s A.
The Bonower ag.60s that it wil pro,npty upon receipt of notice Ihor.of,
Jsrmburse coFACE for
any paymont made by COFACE under the COFACE tnsurance policy
payrnent or offset, in rsspeci of, and to tho extent
L€nde.s A und6r this Agrsement.
Tho obligations of the Bonor|er to reimburse COFACE wlll b6 due
ot payment by COFACE upon flst w.jflen domand.
12.
ard pafablo in tho qJn€ncy
REPRESENTANONS
Ths Bonower makes lhe Gpr8sontaiions and tar.an06 set oul
Fadllty Financo Partyfor 8€n
12.1
A rvhethsr by direct
of, ths Borrowe/s obllgaflor' Io the CoFACE
in tib Oausei2 to each
R.oitdanrild('n}nt*ra lifUficiriri,oti Tiiaitailiid.in:.it
'.To
inducs the COFACE LcndeB A and the Aoent to enter
lr o this Aor€gment, the Borou/er
lt€rlby cojlfrms 6ach of th6 ,apEsantations and wananug€
-"fa*O in J"r" of m
Common Tems Agr€€ment wfitch lorms an lntegr:at part
hereof as il thoy hai O""ilrr.",
t
in thl6 Agreement and made as of lho Eff€ctive Date.
*,
12.2
(a)
The Purchaso Conl,'act comptio6 with th6 h$/E and
regutotions of Goolgia and a
Autho.isations have been obtained as roquhed under ihe
taua
*g"r;il".
Georgie to onable the Borowea to perfoam its obligalions
""A
theEundet.
;
.aL.I
I
(b)
As at th€ Efeclivo Date:
(l)
th€ copiss of lho oxtracls o, the Purchaso Conlrad,relatlng to the paym€nt
terms d€livored b the &Bnt puBuant lo Clause 3 (Condilions of Utillsatlon) are
truo and complete h all mat6rial rsspeclr;
(D
the Pu.chaso Confad wll com€ lnb fo.co and €6€d upon, lntBr alia, the
Payment of th. Down Payment'
(il)
there ls no olher ggl€€ment in connection wllh, o. arrang€(nents whlch 8mond,
gupplement or afieci tho PurctlaE€ Contract; and
(iv)
lhoro is rlo disFlb h connedin wih the Pudraso qonhci;
(v)
b6ttrEen tlo Signlng Oats 8rd lf|e Efi€.in/€ Dato, Uto BU}! has not Yaried,
amended o. walved without the conssr of thq Marorlty Londors any mat6rial
provislon of thg Purdlase Conbaqt 60 as to €nsure that psrfotmanc€ of thls
Agreement 13 not ImpaM ln any lrlay by Euch varistion, amendment or waivor,
lncludlng lnter alla the paymont ierms of ths PurdEso Conlracl r€hting io lhe
Ooum Paytngnl.
12.3 nm6! x,h.t| .tolt.?nirdorl. lrr rt da
I3.
(a)
All the tepresentafons and wanantios in this Clauso I 2 arc made by lho
lha Efiecllve Date.
(b)
Unlo$ a r6pres€ntatbn and rYarrar{y is exp'essgd to be giv6n at a specific date' all the
.oprGgntatlons and rrdrrant$ ln thb Claus€ 12 (includlrlo the'repr6s€ntations and
deemsd to bo mado by th€ Eonower on th6
warandd refen€d lo in Clausa 12.1)
'rs
dato of each t tii.ralbn oate ard o.| tle frsl day of €ach lnt€t€6t Poriod'
Boro$/or on
INFORiIiATIO UT{DERTAI(IIIGS
Dato for so long as any
The und€rtakhgs ln $b Clause 1 3 remaln ln forco frcm th€ Efiedlvg
Doqlmenls or any
amouni dus to lhe Facility Financ€ Pa,tles ls outstanding undt hs Flnancs
Total Conmitnanb 8tr in force.
r3.r. lnfsElElle[iElsllSlgglr
Th€ BonovrEr Bhall supply lo ho &6nt:
(a)
promP{y upon b€coming stars of lhem, the dotails of any litgalion' arbitration
admlnbbatE prc.s€dings Glating to ths Pudlase conbact
(b)
alt amsndm€nb b tho Purdlgso Cont"act rBHIng b'
or
or vrhkh may havo an impacl on'
f|a PaFl€nt tqms;9nd
or f it ha! r&iddablo orounds for
The Borrow€r 6hall noffy lho Ag6nt of eny mahdal broach'
oulgatons undor the Purohaso
bdiof that thorE wlll bo any material broach of ils or tho S€ll€r's
Contrad
2002131t4_5
23
,3.2 Notmcatlonofdofsult
(a) The Bormiier shalt notry the Agent of any CTA Default or any Facility Defautt (ard the
steps, if any, belng taken to romedy it) prom p y upon becoanlng anEre of its ocorrasnce.
(b) Promptly upon I requost by the Agant. the Bonow€r shall supply to ths Agont a
certificate stgned by an authorised officer of lhe Mintstry of Flnance of G€orgia that
no
CIA Dofault and no Fac ny Dsfautt ts contnutng (or f a CTA Defautt or a Facflty Defautt
ls continulng, specfying the CTA Default or a Facility Dofaull and ltle sleps, if any, being
tiaken b remedy lt).
(c)
The Bono*Br sha[ notify lhe Ag€nt of th6 ocqfiEnce of any o1€nt f,,itich may lead
tc
an obliJation of the Bomwer to prcpay he Loans pursuant to clause 6 (Mandatory
Prepayrsnt - Sanctions) ot the Common Torms Agreement or Clause 6 (Mandatory
Prepaymont) ot the Agreement
14.
GEI{ERAL UI{DERTAKIi{GS
The und€rtakings in this Clauso 14 .emain ln force trom the Efiectvs
Date for so long as eny
amount due Io the Faclllty Flnance partjes is outstsnding under the Flmnce
Doo-rmenis or any
Total Commiirnenl is in forc6.
lil.i
(rixntnon Tema AdEa[cnt
The Eorov/er covenrnL and ag.o€s that un l all oblloations under
tils AgE€ment arc pald ln
full unless otherwise uratvsd ln w.iflng by the COFACE Lend€rs A,
lt shall observo and porform
the undertakings set forth in cJause tS of the Common Terms Agro€rnent
which rorms an
lntegral parl ot this Agr8omeol
lia2 Pu,char. Codract
Th6 Bonou/er shall proc1]rs that the Buy€. 6hall:
(i)
(ll)
not assign or transfor any of its righb or obllgaflons under th€ purch€se
Cont act;
obserye aM p€fo.m all of its obtigadons and otheMis€ comply
rvith 8ll tho provisjons
of tlo purcfurs€ Conh8ct
(ill) maintiain and exorcb€ and enforce alt of the .lghts and remedi6! avalhble to lt under
the purchaso Contract ln a dmely manner and Go that
with lts obllgafloiig und€. this Aorsomcnq
(iv)
l"k"-:lt ryrygp Tqrired ro bo mad. by it und6r fi6 FtEhslo Ooohacr 8t ole tjm6
(or withan any apD[cable g"acs podn) and
(v)
tho Bofigtvrr ls ablc to comply
In the manrEr roqutod ll*mund€r;
not vary, aitaid or riaive wjthout tho consent of
tho Malo.ity Lgnd€rs any matsdat
provlsion of.lho ttrchaso Conlracl
so aB to ensure ff,"t p",iormance--Jn b Agreement
ts not tmpatrifi h Eny way by such varta
on, amenOr"rf o,
uoing int6r alia
,"#ll
the pa!,m€nt l6rms of the purchase Conhact as sef
fofi in SctJufe Z Cfems of
paymenlljtg tbt ot doq,menb to by suplli6d
to tho Agent).
4!ii.ii4j
r4.3 Asj!!er!gl!4
The Borower shall prcmptly obtain, comply with 5nd do all that is necossary to malntain in full
force and gfioct any Authodsation l€quil€d und€r any law or regulation of Georgia to:
't
(a)
enable it to perform lts obligations under the Purchaso Conhact
(b)
€nsurs the legality, validity, enforceabllity or admisslblllty ln evidanc€ of lhe Purc'hase
Conkact.
FACILITY EVEI{TS OF DEFAULT
5.
Each of the ev€nb or clrcumstarces set oul ln this qauso 1 5 is a Facility Event of Default (save
for Clause 'l 5.8 (Acceleration)).
15.1 Common Torms Aqreomo
Each of the CTA Evenls of Default set forh in dause 16 of the Common Terms Agreement
whlch forms an inlegral part of lhls Agreement is a Facility Event of Default under this
Agreement.
15,2 COFACE lnturanco Policv A or RLk ifitloaiit In.tfUmontA
Tho COFACE lnsurance Polkty A or the Risk Mitigant lnstrument A ls tully or partially withdrawn,
suspended, termlnalsd or canc€tled oa otherwlso ceases to bo in full foroe and effect or binding
(a6 relevant)'
on and e,forceable against COFACE or the Rlsk Mltigant Provider
r5.3 EcleXegtSgdtrs!
The Purchase Cont acl is modifed in violation of the terms of thb A€reement'
The Purchaso Contract ls intenupted or suspended or ls cancellod or ls eady terminated'
The Purchase Contract is under any judicial or arbitration proc€sding which has or is likely
to
havo a Material Adverse Effect.
15.4 Unlawfuftiiaa,ind liwlldltv
(a)
lt is o. becom€s unlawful for ths Bonotwr to psrform any of its obligations under lhs
Purcfias€ Conbact.
(b)
Any obligatlon or obllgatlons of the BuyEr under lhs Purchass Co'ltract
to bs leoal, valid, bindlng or enfor@abl6'
are not or c€ase
15.5 WthdEw.i ri, ttoudhtion
to 9€rform its obligat'ons
Any act nec&ssary under the la',ts of G6orgi6 to enable lhe Buyer
is wlthdrawn or modified
un;er the Purchsso Conltact or any lEnsac'tion contemplated thelBDy
or tho EuyBr
or shall otherwis€ cease to be ln full forc6 and elfect or not be€n obtainod'
repudiates the Purchase Conlract or ovHen@s an lntenllon to
2oo2t399a_5
repudiats the Purchase ConLact'
15.6 !!!tg1!.tEg!9_uEamo!e!perG
The lnterest make-up anangement ontersd into betw€en the COFACE Lends6 A and tho
Fr€nch Authodtl6s in order to hako the COFACE Facility A availabla to the Bonou/e. at the fix€d
rale as set forfi ln Clause 7.7 (Co6is incuned by and indemnity to tho COFACE Lenders A
and/or lhe French Authodlles) is cancelled, susp6nd€d or ceasos to bo ln forc€ an gfrect.
15.7 i'adohiirirl Fi:lllty A
Any 6!/6nt dolinod as a 'Factrity Event of Dehult' under th€ Commercial Facility Agrc€mer{ A
has occured and ls continuing.
I
5.E ascslidlisE
On and at any tlmo sfler lhe ocdnence of a Facllity Event of Dohult whldl ls continuing tho
Agenl ma, and shall if so dhected by tho Malorlty LendeE and/or COFACE, by notica to the
Borou/Br:
(a) canc€l tho TolEl Commitnefts at sfrlch me they shafl immodlelely be cance,led;
(b) dodaro lhat 8 or pad of the Utjlisatiom, logether Mh accruod lntorest. and at, other
amounb accflrod or outstanding dus to the Faclllty Flnarrco parfl63 under the Finance
Documsnls be lmmediately due and payable, at which ime they shall bscome
lmmedhtoly due end payable; or .
(c)
exerclso any or all of its nights, r€medlos, powers or dircIations undsr lho Financs
Documenb.
EFFECTIVE DATE
16.
The Parties agreo that the rights and obligatiorc ot the padjes
under the Aorcom8nt shall c,omo
into fo(E end etroct on lhs Efi'ective Dato as pe.lho provisions of
(Efiectjve DaL) of
clause
the Common TomB Agreements rvhich forms an integrat part
of thls AglEem;nt
i
17,
GOVERI{IIIG LAW
This Agroemen( b gDvsrnsd by Flefth hw.
JURISDICNON J AR8]IRATIOII
18.
Any disputo roladng lo ths vatidily, construcflon ot performanc€
under thls Aoreement shall b6
sottled in accordgnco wlth the provisiorE o, claus6 29 of th6
Common Terma
forns an intograt psrt ot this Agreemenl
lg;r"ri"r,i*
CO PLETE AGREEXEiII
19.
Th6 Financo Docunienb contraln thg complotg aoro€m€m
lo
bet!*s6n tho par0.3 oo lho rhaflels
are rgleted and supoBede all prlor commifncnk,
.which _-thoy
understandilrog, wrtothor wdtten or oral, on thG6 mettoB.
""*.."O'
*O
THIS AGREEMENT ha9 t een enterod inlo on tt. date
statod Et tho b€glnning of thi6 Agro€mont
6nd m.do in il orlg,nals.
2mriJ!ta_5
n
26
SIGNATORIES
THE BORROWER
GEORGIA
By: Nodar Khaduri
"Or*"r"ffi
THE MA'{DATEO LEAT' ARRA''IGER AIID ORIGIT'IAL COFACE LEIIDER A
SOCIETE GENERALE
By: Eric Allaln des Bsauvais
Export Flnance O€fonca, S6c1]rity & SatelliGs
Export Financ€ Defence, Securiiy & Satdlite!
2021,!lga_,
27
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a.rB(!6aCSC(, 6Jr$&albd, bJ('ae]ttJ(,Cbr'bC Thales'Bay'lhoon Systems Company SAS0,16, 6oAq,ob.ll3lnog'J(,o ,J&dEr,) l$tslir66Coro, l-5 avenue Camot, 91300 Massy ('r
6Jaot O6o6,r6flq,r,r s06ob JoardoeJKr, Qr$clrcfuqxacsob ar JoaI6oJ6oL r,r$050o
6(,a6oo] 410 383 467 BCS Evry ArUtCA, 6(')0 (AragoABC()(,) aorAJ6rAC0l, srabUoe3r<'1,
af)0!o0o({'laiJo)r6 eJ 8J$J6 (lJJJ3ffi&AqD AoA$bJd,CACAoo) (6)lrgoa01aot
bCq,ECJfrJe,Jbr-U gr68q'rAtu.
2. aoo,oo,CbJ bJJCglCaC(,o)ACo)EIfCDJ$C.
3. aC, CaCaalo) bJ('oMa|a$C6o [.], aC|CaC(r), 6obo60 [.], gnn CAq,Cbrariroq,o rq6oaBCq,o
&,$6Cbd, &6ba'l,,0oCqt8$,, Q) r.&C areJJOC6C6, 6,a)a $JqJ CAJAoo oooCaJq'o
ArorqrJr*' o6go6Ar0oJ ar bCq€ofCd,ol, 6o&J6o J6x,b COS-J.rto A| erfBrA bCaC,
ggqJarAqLoq'(, S$) AJa,so(BCqrtu l$bJqr,o, $Cq,,) eoJJ&Jq.)o Ar b3dDo3oJrsn
ao3oeo ar 8rg1516('' 6)BoGx')boL bJq,EA]6fl q,C6oU 6Cl.,ra,)aoLrA:
orbM(,Caobr
Lrb8()o b$6o
bCqSo$r6ob boaalSo
-l
a. (,,*Cb ao8o<,oro qr6l!s,o), 6i,a 6C6oMoC6 ararSl, &6U g66dCq,aC8J
U8q'Cal&dr{lc8r, l$$A 0tb16 fJdr{,(9boo )6, &r{Cao) arowboqo}b
ErabHoql0e'oLr6$, 6(')A AJb, 16 8ro BCUSgq'ro CAq,36JAcIboql]6r.
$O%oboC&'o,
l$$6oTr(,ob oJ3(')0gobL$o6ob0.,o ihfr(r,, 6('lb(')d,0 tsJaqoagr(]o
45
(Eb' uri.a* ,{tqr '4i.qrri r.!ddbh. Lrrae"[ae
Gn[d licloJFncrlrF
fiAi L.J,i,-:r!.HF r-0h6rfu
I6J
orr66a50b Lna6p. ..
tJ6CAo!at4)nt1
aJan6ac.t/cr nTliE0 BY
Mli'stre ol ror.loo A,l.lr
lRANstAtroitgu
ol r.l.rnalronal Aoroomonls ol Georgia
Ar6Jf,on 6. &Jbboaq,.r, f8('raft,b.)(,r6"lrJ Ar 3rq)aJbJe,CAJSotr 3('}6Ar
)ACSOlr: Socidrd Gdndrale, 60A060 rACSOo
1j,)d)6,ogC(n, acldaCg, lr.td,'i5oBC(Eb Ao6.t6lrot bJaoSo\)6,ob ara3roaoo
Cr)r6oe(,: [.]
COFACE l$3tfuqrdo aJo,JEb8Cbr aJo)rd,oe0&3q,o 8 ACJCa66](,o)
3rq'@
L aodFd)Cb) AJJCoCaU(,oJ ACoDEbACATq2. 6J, CaSAa)o bCq,oMo)SSCr6o [.], Aa'CAC(oo, r6obort0 [.], 316 Uts(,Cb)aa|Loe,o rq6o660qo
aot6C0ob Arbbo6oorqtsr$, aJ )SC ar(lllro36ra, 6xra $CaJ &ra(,o &,oCaJq"o
Arorq,lJ6o obgotrroor Ao b,Jq€(.l$C6dt 6oaU0o r6d, UOUUJI6o (,) Ar6Erbr iJr3r,
(c)
3JSC6 bCq'I, $Cq'r AoJCaCqJL A,CbbC6q'ob l$bCq,oo, So6JaACb)6,C aCo,)6baJb.,b
EdlJbrairra, d,(aarti6o Cl, &,ox,o,C60eo ,)a€C (EJUACfutu (aro 6r)fnl'
arfu oe3cq'oU bcd,onsoJroo) ; a,'
(d) 6C8{,baoCdn lrr3o6c! $ (,.03Cb"qx) Cac(,c6ol, 0r6b(,60oCACr), scbf)CqCar,
b"N€(,|$5f,r 16 r$fljqt65 |Qtum"J(b aCoDtrC8ol, ArbrArodJrA.
oJDrAAjbobr
lr,)b0go AgJ6,o
bCqfo$f,ob 6oa:1tu
3. or&CE 0CSodq,(,)o, $r6r?(xrq,, 6a)A 6C8oLaoC6, ar&3b io6b UaltdCq'ACEr
UgqC0)Ac'boq,CAr, L$)A o)&C6 hf,oqx16oo, !6 &x,eCbo QrJgcSo6C6$ aU6bbXaE'oto6r5,
frra alL, )E a)o aCCFJero U8qIhiAd'klq'Car.
JJO(ndroa&,o,,
Urdr6(r,SCq'o1U Ac,6r6!or Uratrl]6x,), ArAbbCbCq'o
46
(nJd,saE0b b
0lJr,0q0r0ArE
QJAOEAO}JICEFTIFIEDBY
'' "
*?fl,i3l";?i'dl'6iid
-
დანართი
SCHEDULE I. CONDTTIONS PRECEDENT
CONDITIOT.IS PRECEDENT TO INITIAL UTILISATION
Cerliricatc! ot lncurnb.ncy and .uthority
1.
The Ag€nt shall havo roceircd an orlgi0al of the certificate of
irrcumboncy and suthority o, 6h
authorlzed represenladvg ot th€ Buyer substan0a y In the fo.m
of Sch€dule S.
The Ager shall hav6 Bc6lv€d an orlglml of lhe cortiflcatg
of incumbency ard authofity of an
adhon2ed rep.Genlatve of tho Bonou/€r subslantially ln ths fo.m
of Schedute 6.
The Agenl shall have r€c€ived an originat of the certFrcate
of incumbency and authority of an
aulhorized rcpresentallvo of the Sethr substantially in tho
form of Sched;rc I or in aiy oner
form agreed behvoen tho Agent and the Seller.
Ratmcation
The Agent shall hav6 recatved a copy ceftified as a tru6 copy
o,lhe Resotutofl ofthe parliament
of Georg'ra on ra$fication of the Common Terms Agreement
snd each Fadlity AOr€s;L
L.gal oplnlon
The Agent shall havo received the following documenis
in iorm. scopo and subslsnce
-JOfrce
sattsfactory to the Ortginat COFACE LsndeG A, and
addrs$od to t"'Or6in"f
Lenders A:
(i)
a signed log6topinion by a duly representative
of tho Minbby olJustic€ of GeoEh (i) on
the due ratificatjon of tho Common Terms Agroement
and eadt fac ity eg;-;-ont uy
th6 Partiamer{ of GeoEia, (ii) oo the tegatity, vafUty
anO enforo""Uity ai,"-iin ,,*
Docthents fiom a G€orgian law peEpecfive ar|d (ilD on
t" cap"o.ty
oJ"m*
of ths Mlnbby of Ftnanco of Goorgh to enter inlo the
"m
ffurrcc
*t
Docr.iments;
(i0
a signed regar oprnion by an e,'emar Georgian raw fm a@ptsbre
Georolan lar counsel to thg Lsnders, on the due r8tficallofl
to the Lenders,
of the Cormoi-ierms
and oach Fadflty Agrcemeot by rh€ padhmoni
o, ceoEia and confrminE
lq::l'srl
that a[ authorisauons lo snlor
lnto the Ftnanc€ Doclmenfs fraw oee-niufviilfneo,
Purch.!.Conblct
Th€ AgEnt has r€colvod:
(0
a certjtfbate of a duly authorized r€proseitativo
-
tho Down payment has b€en paid pursuant
to trs purchase Conhacl,
tho purchase ConlEct lo which it is a party
has comg lnto forc6 and effect and
ls.not $spsnded, intenupted, canco ed
a.bttraton Foc€€dln$,
tL,
of lh€ Sdlor csrtrylng lhal:
o; b.mi.a"a
"ir"o", ""yiro-i"i"ror
28
FF
-
the business intsr.uplbn insurance ,equested by COFACE as a condillon
pr€codenl to lhe otroctivenoss of 0lo COFACE lnsuranco Poliry A has be6n
issued by COFACE,
(iD
a lette. slgoed by a duly suthorized reperontetivo of the Sollor confirming lhat (a) lt has
obtained th6 oxport llcanso aulhorising the Sollor lo expoat th€ equlpment pursuanl lo
the Purdlaso Conbact and (b) it has obtaln6d a signod end usor csrtmcate f.om lhe
Bul€r;
(iii)
a certificate of a duly autho.izsd rep..s€nlativo o, th6 Bonolver cedifying that 0!o
PufttE o Contract has beon validly silned by the BuFr. has come lnto force and efiBct
and is not suspeoded, inlerrupted, cancelled o. terminated or und€r arry idicial o.
arbiHion Foco€dlngs.
Foos, costa and oxpans6a
Evidence satisfaclory lo th6 Ag€nt that all ,ees, costs and exponses duo to the Fscility Financs
Parties have been paid or n ill bg paid to the &ent by tho Borrower.
2002t!rL-!
.".,.
:-js
29
---r'lt
დანართი
SCHEDULE 2. TERMS OF PAYMENT ANO LIST OF DOCUMEMIS TO
BE SUPPLIED TO THE
AGEt{T
All tho capitaliz€d rerns not dofined rn this schoduro and not otheMse derirEd
in th€ Agre€ment sha
have tho meaning given to such lerms In tho purchase Contracl.
Tho t6rm 'csrtmed copy,, when used ln this Schedulo shall mean a
copy of docum€nt cert fed by an
authodzed representstive of the Seller as a fue and complote copy
of th; original documont.
Upon Ecalpt by the Agent from th8 Ssller of the dorumenls
8s menfloned below, thg Loans under ths
coFAcE Facility A wifl onry be made avairabro by rho coFAcE Lond€rs A on
t;s rerevant utirisation
Oat6 subject to the terms of the Ag.eement and as describod b6low for payrnent
up 1o lhe followlng maxlmum ahounts (not to exceed in agg.egat€
of the fo owing items
85% of the Toial Contract prtce):
l. ln rrrpoct oftha Trancho I Co,ttract prlco
1.1 ln ,rqp.ct of palnents retsn d to ln anlcb 5.2r.1 of tho purcha.r Contr.ct
l.'1.1 ln r€spect of lhe amount s€l fodh in lho S€lle/s Cortificale corresponding to lhe payrnont
of
Conta.i (;es@nding to the
llom set forti tn rhe td bufiet potnt ofarlicte 5.2.2.1 o,Iho puchase
Conha;] at th; SRR retatng
10% of the podion E(er€d to ln arlt e 5.2.2.1 of the furcftase
to such €qulpmentdue to lheseller, such amount shallbg palable
to the Soile. by disbursemorf
undor Tranche I upon rcceipt by th€ Agent trom the Seller of
tho fofiowing doc{r;enb:
.
-
a certiliod copy of commercial lnvolce, and
a c€rtified copy of SRR Review Certificate, as per m6dsl
Contract.
'l . 1
in Appendix 10 of th6 purchase
.2 ln r€spec1 of lhe amount set tofft ln ih€ SeJle/s Cerlificato con€sponding fo fis payment of
20% of ths portion rsferIed to in artid€ 5.2.2.1 of tho purdrase
Contaa (inesporrdirE to he
Coot".cf); f,! trR r"f"ting
lo such squ,pment due to the Sellef, sudr amount shall
be p€yable to tlo Sett"r iy ai"U,ro"r"nt
under Tl-ancf|g I upon receipt by th6 Ag6nt from ll|e
Selbr
0le fdlowing aoora"nf,
t6m s€t fodh in the 2d bu 6t pointofarficto S.2.2.1 ortho p!rchaeo
;
-
a cortfiod copy of comrDordal lnvobg, and
a certmed copy of CDR Review bertifrcate, as per
model ln Appendix i O of ths purchasa
Conhac.t.
1.1.3 ln r€sp€ct of tho amount set forlh in th6 S€ll6r,s Cerrificato
conosponding to the payment of
of rtre purchase con;J
,o
item sst forth in tho 3d bu or poinl ot artrcre
s.2.2.1 th" pu;;a;
ro r",,nn
to such oquipmont due to the seler,
"i,iJ
such amount "f
p"y.tf"io
20% of the por on refened ro in adict6s.2.2.l
under Tranche , upon receipt by th. Agent from
-
iiri*no", ,*
ao;ir;
t" s"rliiy ai.o,ro"."nt
sr,"rru"
tho S"rr"i of tf,, tofbJns io.r,r;ns,
a certiliod copy of comme.Did lnvolco, and
e certjfled copy of MR Rsvisw Cortiticato,
Conhact
as per model ln Appendix iO of the purchase
20021J99a_5
30
1.1.4 ln respect of the amount set forth in the Selle/s Certlficat€ conesponding to the payhent of
30% of th6 portion referred lo in adicle 5.2.2.1 of the Purohase Conlract (clrosponding to lhe
item set forth in the 4s buUet point of arlicle 5.2.2.1 ofths Purchass Contracl) at the FAT relating
to such equipmenl due to the Seller. such amountshallbe payable to tho Soller bydisbursement
under Trancho 1 upon rec€ipt by tho Agent from tho Seller of the following documents:
-
a certified copy ot commercial invoice, and
a certified copy ot assocjated FAT CediiEate, as per modol in App€ndix 4 of the
Purchase Conlracl
1 .'t
.5 ln .espgct of lhe amount set fodh in lhe Selle/s Cedificate conesponding to th€ payment of 5%
of the portlon rcro,red to in lrclo 5.2.2.1 ol tE Purchaso Contract (coresponding to the item
set forth ln the 5s bullet point of adicle 5.2.2.1 of lhe Purchase Contact) at lhe SAT relating to
such equipment due totho Seller, such amount shallb€ payable to tho Seller by disburs€ment
under TEnche , upon roceipt by the Ag€nt from the Sler of lho following documents:
.
a certified clpy ofcomm€rcial invoic€, and
a certified copy of con6ponding SAT Cedilicate, as per model in Appendk
I of the
Purchase Contract.
1.2 ln respecl of paymsnts rsfenEd ao ln artlcls 5.2'22 ot lho Purchasq Cont'act
1.2.1 ln respect of the amounl set lodh in the Selle/g Ceriificate correlponding to the payment of
artide 5.2.2-2 of the Purchase Contract (conesponding to the
item s€t forth in the 1 r bullet point of article 5.2.2.2 of the Purchase Contact) at the SRR r€lating
'l o% of the portjon referred to in
to such equipmentdueto the Seller, such amountshatlbe pa!€ble to the S6ller by disbursement
under Tranche 1 upon lec€ipt by the Agent from theseller of the following documents:
:
a ceriirled copy of commercial invoice, and
a certified copy ofSRR Review Certificate, as per model in App€ndix 10 of the
Purchase
Contract-
1.2'2lnrespectoftheamountsetlorthintheselleiscertiflcatocorrespondingloth€payrnentof
20% of th€ portion refen€d b ln article 5.2 2.2 of the Purchase Contracl
(con€sponding to the
it6m6€tforthinthe2dbullotpolntofarticle5.2.2.2o'thePurchasecontlact)atthecoRrelaling
to such squipmentdue to the Seller, such amountshallbe payable to the Seller by disbursement
under TEnch€ 1 upon receipt by the Agent lrom lhe s6ller of ihB following documents:
-
a c€rtified coPy of commercial invoice, and
a certified copy of COR Review Certilicate, as pe' model in Appendix
10 ofthe Purchase
Contract.
l.2.3lnrespectollheamountsgtlorthlntheselle/scertifical6correspondingtothEpaymentof
20%oIlh€portionrefer€dtoinartlcles.2.2.2ofthoPurchasgcontracl(corre'pondingtolhe
Contrac{) at th€ RMR relating
ilem sot forth in the 3d bullet pgint of article 5.2 2.2 of thg Purchase
lo lho Soll6r by disbuBement
to such cquipmentdue lo lhe ssllor, such amount shallbopalauo
following documonts:
undor Trarruhe 'l upon rg.€lpt by lhs Agent trom lho Scll'r of the
.
-
a certified copy of @mmerdal invoice, and
a ceditied copy of RliR Review Cen icate, as
Contract.
200213tL-5
per model in Appendix 10 of the Purchase
'l
1.2.4 ln respect of the amount sel forth ln the Seller,s Certificale corespohding lo the paymenl of
30% ot tho portion refenod to in artjcle 5.2.2.2 of the purchaso Contracl (conospondlng lo the
item sel forth in th. 4b bullet poinl of article 5.2.2.2 od lhe purchase Contract) at tho FAT rstating
to such equipmentduelo ths Selter, such amount shall be pafable to thg Seller by dlsbursement
undey TEnche 'l upon r€c€ipl by th€ Agont fiom lhe S€ller of the follolving documents:
-
a certifi€d copy of commorcial invoice, and
a certified copy of assocht€d FAT Certificate, as per modol in App€ndix 4 of lhe
Purchase ConEact.
1
.2.5 ln .especl of lhe amount set forih ln tto Selle/s Certmcab conesponding to the payment of 5%
oI lh€ porlion refened lo ln aircla 5.2.2.2 of lhe p\Jrchaso Conhact (correspondlng fo th6 item
set rodh in tho 56 bollet poinlot ar':icle 5.2.2.2 d l.te purdlase Contracl) at the SAT relating
to
such equtpment due to lho Sellsr, 6udt amouri shall be payable to ths Sell€r by disbursement
under Tranche I upon receipt by the Agent lrom the Se er of the following docrrments:
;
-
a cerlified c.pyofcommercial invoice, and
a certified copy of conssponding SAT Cediticate, as per mod6l in Appendix 6 of the
Purchase Conbact.
1j
In rBpoci of p.ymefis reforrod to ln ar cto 5.22.3 ot tho purchaso Contrac.l
1.3.1 ln resp€d of the amount set fonh in the Selle/s Certllcate co.rGponding to tho payment of
10% of th6 portion refe.red to ln articte 5.2.2.3 of tho purchase Contrac{ (corespondlng
to tho
item set fodh in the t. bulet potnt of articte 5.2.2.3 ofthe purchase Contract] at th6
SRR relating
to such equlpmentduetolho Sell€f, such amount shall be pa}.abls to the Soller by
disbuEement
und6r TEnchs ,l upon ref,eipt by lhe Agent from the Selter of he followino
doolmants:
.
:
a cedifi€d clpyof(Dmmercjal lnvojce, ard
a conified copy ofSRR Reviow Certific.te, a9 po, model ln Appendir
,O ofthe purchase
Contracl.
1.3.2 ln iespect of ths amount set forth in tho Selle/s Cedmcate conssponding to thg payment
of
20% of thg portion refered to in arlicle 5.2.2.3 of tho purchass Contract (corrEBpondlng
to the
item set rorth in tho 2d bullgt pglnt of .rthte s.2 2.3 .rt th6 purchas€
Contract) .t tla CDR .elafing
to such oquiprnent due to $e Sdler, iudt amount shall bs pat€He
to the Sjlsr by disburs€menl
und€r Trancho 1 upon recelpt by h€ Agenl from he Seller of hs
following docum€nts:
-
a cortilied copyofcommorchl lnvoice, and
a cortified copy ofCDR Revlew Cedificate, as porhodolln
Contract
'1.3.3 ln_ rEspect of the anount sst forth ln he
Appendix 10 oflh6 purchase
Selte/s Coniricato con€6ponding b li€ paymgnt of
20% of the por{on refdnd to tn ar0de 5.2.2.3 of th6 R
ro lre
item sel for6 in lhe 3,n bulet potnt ofsdlde 5.2.2.3
th" prdu"e
,i
aua ,"r"rns
to Buch oqutpmont du6 to the Sollcr; ruch amount sho
"r bo pa!,ablo
to the S€iler by otgbursement
under Trancho 1 upon r€csipt by tho Agent from
tho Soll* A ho tonowing,o;'menb:
,rr"* co ; i;;;nding
;;;;; iJ
-
a cortified clpy of @mmgrcJd lnvoice, and
a c€rified copyof RMR Rovigw Cedfficate,
Coot-act.
as per mod€l in Appendix lO ol'," RJrchaee
200flleta:a
E}FFI
1.3.4 ln respect of the amount sot forth in lhe Solle/s Certlficate correspondlng io the payment of
30% of the portion refened to in articl€ 5.2.2.3 of the PurdEse Conlract (conosponding to lhe
ilem s6t forth in the 4tn bullet point of adcle 5.2.2.3 of lhe Purchase Contract) at the FAT rolating
to such equipmentdue to the Seller, sudl amountshallbe payable to the Seller by distursemont
under Tranche 'l upon r€csipt by the Ag6nt from the Seller of lhe following documenls:
-
a cartified copy ofoommercial invoice, and
a certified copy of associated FAT Certifcats, as per model in Appendix 4 ot the
Purchase Contrac'i.
2.
Tanch.2 Contract Prlce
2.1
ln r€spoct of p.yronts refo.tsd to in a.tlcls 52'2.3 of tho Purchsso Contrac{
ln respect of th€ amounl s6t forth in tho Selle/s Certilicate conesponding to the payment of 5%
of the portion refened to in article 5.2'2.3 of the Purchase Conhact (conesponding to the item
set forth in the 5s bullet polnt of artido 5 2.2.3 oI ths Purchase Contrac:i) at the SAT rolating lo
such equipmenl due to the Seller, such amountshallbe payable to ihs Seller by disbursement
under TranctP 2 upon receipl by tho &Ent ,.om tlle Seller of the following doqJments:
2,2
commercial invoico. and
cor.e6ponding SAT Certificalo, as pgr model ln Appendix 6 of lhe Purchase Conlract'
ln rospecl of paymgnts rofered to ln attlclG 5.2.2.4 of thq Purchaso Contrac-t
payment of
ln respect of the amount set fodh in the Selle/s Cedificat€ corespondlng to the
of lhe last
85% of the po on refered to in article 5 2 2 4 of the Purchase Contrad at th€ SAT
to in articles
equipment deliveEd b€tlveen the equipment to wiich the payrnont terms r€f'ned
amouni shall
5.2-2,1. 5.2.2.2 and 5.2.2.3 of lho Purchas€ Contract .slate dus to the Soller, such
trom lhe
Agent
be payable to the Seller by disbursement und€r TEnche 2 upon receipt by the
Seller of the following documentrs:
-
2002139ra-5
.rmmerciallnvoice,and
conespordlng SAT Certificate, as por model in Appendix 6 ol the Purchase
Contract
დანართი
SCHEDULE 3, SELLER'S CERTIFICATE
To:
rHE AGENII
Fromi
lsErlERl
Date:
t.I
PURCHASE COiITRACT datod 15 Jun. 2O1S botw..o tho lilnhtry of l]Efenco of
coolgta and
Thalss.Rayft.on Sy8tofir Cornpsny SAS, wholo ragltloitd oilca l. at ,6 .venuo Camot,
gt3lxr ll.sry, Fianco (th. purrhr3e
Contr.ct)
COFACE Fadtity Agi€.meni A dstod E Oocembsr ZOiS (the AgEohont)
1.
Rgfefenca is made to the pu.cha36 Conhad and the
&rsem8rn. Thb b a Se e/s C€rtificat€.
Capltalbed tenns used in thls Selle/s Ceruticate but not dslined have
flo meaning givon to
them in tho Agreemer .
2.
We hereby request thg palrent of an amoont equ8l to EUR
[al, corresponding to tho involces
[al, to be pald by Utltsaton under tho COFACE Faclltty A and whtch shoub doreditsd to:
(a) Bank Name; [.];
(b) Account Name: [a];
(c) Account Numk tsJ;
(d) SWIFT/Sort Codo: [a]
(e) Ret: [ol.
3.
Wo confirm that er€ have Ieceived ln fuI th€ Oolvn psyrrent.
Wo confirm that \ e have ddiverod equipment and rendgred
athclrcd l0 this Selle/s Certfcato in complience
equipment and servbes arg eliglbl€ for COFACE
services relating to the invoice(s)
with he punhr" c*u.a
J tr,ri *.r,
Wo rl,anont that the amounl to be financed under
lh€ Agreement referred to in paragraph 2
above:
(a)
do€s nol include any amounl in respoct of Down pElment
(b)
has not been tho subjoci of a provious Sell€/s
and
C€rtficate.
Flnally, u/e confirm lhal Ih6 purchase Contract
ls ln full forco aM sfi€ct srd has Dot been
swpended, interrupted, cancelled, terhinat€d, or
as hr es payment termi-#-"o,i,#,
nol beenmalerially.mended or mate.ialy
modfrod,
any Judlcial or arbiLatr'on proceedlhgs.
,rf,afr"i fn *,t ofe o. in pai"iiE""i
n*
r*",
34
t
Z.
The following documentr arc attached:
(a)
Tho codified copyofthe lnvolce,
(b) tol.
8.
This Selle/s C€rlifcats is Lrevocable.
Yours ltuly,
By:
[SELLER]
20o2l39ea-5
დანართი
SCHEDULE 4. FORIT4 OF CERTIFICATE OF AUTHORITY ANO INCUMBENCY OF THE SELLER
To:
Soci6t6 G6r€.ale, as Agent
From;
Thales-Ralheon Syslems Company SAS
Dale:
t1
COFACE Faollity Agrooment dated I D.cembor 2O,lS (tto Agr.smont)
1.
Reference is made to the purchase c.nhact dated 15 June 2015 entered
into between the
Minislry of Oefence of Georgia (the Buyer) and Thales-Raytheon Systems Company
whose registercd ofico is at 1-5 avenuo Camot,913O0 Massy, France (the Sellor)
ofequlpment and associated servicos (the purchase Contract),
SAS,
forfhssupply
2.
Referenc€ is madg to the Agreemenl.
3.
l, the undeGigned [a], acting in capacity as
[ol, dulyaulhorized for the purposes hereol hereby
certify that here below are the details and true specimen signatures ofth6 pelsons
who are, and
willcontinue to be, authorized to sign on behatf of the Seller all doqrmonts
and certificates to
be delivered puBuanl lo the purchase Contract:
4.
l, the undecigned lrl, actjng in capacity as
[a], duty authorized for the purposes hEreol hereby
ceftry hat here bElow ar€ lhs details and true specimgn 6ignatures
ofthe persong who are, and
ri,ill continue to be, authorized:
(a)
to sign on behalf of ths Seler a documents b be detivered pursuant
to the Agreement
refened to therein (including inter alia tho Selle/s Certmcate);
aM
(b)
TItle
to take any action required or permifled to be tak6n, done,
slgnod or executed undor
tho Agreemort.
Name
Spsclmen
5.
You may assume ihat any such person continues lo be so aulhorized until you receive
authorizod wrilten nouce from the Seller that they, or any of them. aro no longsr so authorized
Yours lruly,
Byi
Thales{aytheon S}stoms Company SAS
2lt0r3194_5
დანართი
1
rl
SCHEDULE 6, FORM OF CERTIFICATE OF AUTHORJTY ANO INCUMBENCY OF THE
BORROWER
To:
Sdt6 G6n6ralo, a5 Ager(
From:
Geo.gia, actlng lhrcugh lb Minktry of Fnarrco
Date:
Ill
t.
ReIercnc€ ls made to the AgroemenL
2.
l, lhe underslgned [aj, ac{ng ln capacity as ltl, duty authorized for the pu
cediry ftat here below aro the details and true specimen signaturos of lhe
willcontinue to be, autho.ized:
(8)
(b)
Titlo
3.
You mi
to sign on behaf of lh6 Booolter dl documents to be deltuered pursuant to the
&r€om€r ; and
to trke any action roqulrod or permltted to b6 laken, dono, slgnod or €xo.ut€d undor
the Agreomont.
Nams
Specimen
hat any sudl psBon continues to bo so authoriz€d until )ou rec€ive
notice from he BonDu/€r that they, or any o, th6m. are no long€l 80
YouG truly,
By:
G6orgia, acting tkwgh ib Mlnlslry of Flnance, as Bono*Er
z6illlgta_t
39