ARTICLE 8
Legal regime of the Agreement
8.01 Applicable Law
The legal relations between the parties to this Agreement, its formation and validity shall be governed by the laws of the Grand Duchy of Luxembourg.
8.02 Performance
The place of performance of this Agreement is the head office of THE BANK.
8.03 Jurisdiction
The parties hereto submit to the exclusive jurisdiction of the Court of Justice of the European Communities and all disputes concerning the Guarantee Agreement shall be submitted to such court.
The decision of the Court of Justice of the European Communities shall be conclusive and shall be accepted as such by the parties without restriction or reservation.
8.04 Waiver
The parties hereto agree that this Guarantee Agreement is of a commercial nature and hereby undertake to waive any immunities which they may now or hereafter enjoy in any country from the jurisdiction of the Court of Justice of the European Communities.
8.05 Evidence of Sums due
In any legal action arising out of this Guarantee Agreement the certificate of THE BANK as to any amount due to THE BANK under this Guarantee Agreement shall be prima facie evidence of such amount.
8.06 Entry into force
This Agreement shall enter into force upon the completion of the procedures necessary to this effect in the Republic of Slovenia and the notification thereof in accordance with Paragraph 5.04 of this Agreement.