Subordination Agreement Prevod

D) The Guarantor considers that the Contract and the Agreement on the Guarantee Mechanism constitute important steps to promote equitable international cooperation in the shipbuilding sector and better access of the Republic of Croatia to the world maritime transport market and, against the conclusion by bankžs of such a repayment guarantee agreement with the debtor, it has declared its readiness to assume certain obligations of the debtor under this repayment guarantee agreement.