Zakon o ratifikaciji Sporazuma o garanciji med Republiko Slovenijo in Mednarodno banko za obnovo in razvoj (Projekt za okolje - Program za zmanjševanje onesnaževanja zraka) (MSGZOZ)

.                                                               LOAN NUMBER 4022 SLO

G U A R A N T E E     A G R E E M E N T

AGREEMENT, dated June 18 1996, between REPUBLIC OF SLOVENIA (the Guarantor) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank).
    WHEREAS (A) the Guarantor and the Environmental Fund of Slovenia (the Borrower), having been satisfied as to the feasibility and priority of the Project described in Schedule 2 to the Loan Agreement, have requested the Bank to assist in the financing of the Project; and
    (B) by the Loan Agreement of even date herewith between the Bank and the Borrower, the Bank has agreed to extend to the Borrower a loan in an amount equal to thirty million Deutsche Mark (DEM 30,000,000), on the terms and conditions set forth in the Loan Agreement, but only on condition that the Guarantor agrees to guarantee the obligations of the Borrower in respect of such loan as provided in this Agreement; and
    WHEREAS the Guarantor, in consideration of the Bank’s entering into the Loan Agreement with the Borrower, has agreed so to guarantee such obligations of the Borrower;
    NOW THEREFORE the parties hereto hereby agree as follows:

ARTICLE I

General Conditions; Definitions

Section 1.01. The “General Conditions Applicable to Loan and Guarantee Agreements for Single Currency Loans” of the Bank, dated May 30, 1995 (the General Conditions) constitute an integral part of this Agreement.
    Section 1.02. Unless the context otherwise requires, the several terms defined in the General Conditions and in the Preamble to this Agreement have the respective meanings therein set forth.

ARTICLE II

Guarantee

Section 2.01. The Guarantor declares its commitment to the objectives of the Project as set forth in Schedule 2 to the Loan Agreement, and, to this end, without limitation or restriction upon any of its other obligations under the Guarantee Agreement, the Guarantor hereby unconditionally guarantees, as primary obligor and not as surety merely, the due and punctual payment of the principal of, and interest and other charges on, the Loan, and the premium, if any, on the prepayment of the Loan, all as set forth in the Loan Agreement.

ARTICLE III

Representative of the Guarantor; Addresses

Section 3.01. The Minister of Finance of the Guarantor is designated as representative of the Guarantor for the purposes of Section 11.03 of the General Conditions.
    Section 3.02. The following addresses are specified for the purposes of Section 11.01 of the General Conditions:
    For the Guarantor:

Ministry of Finance
Zupanciceva 3
Ljubljana
Republic of Slovenia
                                    Telex:
                                  86231284

For the Bank:

International Bank for
Reconstruction and Development
1818 H Street, N. W.
Washington, D. C. 20433
United States of America
Cable address:               Telex:
INTBAFRAD                    197688 (TRT),
Washington, D. C.            248423 (RCA),
                             64145 (WUI) or
                             82987 (FTCC)

IN WITNESS WHEREOF, the parties hereto, acting through their duly authorized representatives, have caused this Agreement to be signed in their respective names in the District of Columbia, United States of America, as of the day and year first above written.