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
Paragraph 5.04 of this Agreement.
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
Paragraph 5.04 of this Agreement.