Common use of Re Article Clause in Contracts

Re Article. 11 (1) It is understood that a) on behalf of Poland the Korporacja Ubezpieczeń Kredytów Exportowych, and b) on behalf of Austria the Oesterreichische Kontrollbank AG have to be treated as public institutions in the sense of sub-paragraph b) of paragraph 3 of Article 11. (2) Sub-paragraphs c) and d) of paragraph 3 do not apply in the case of debt-claim created or assigned mainly for purposes of taking advantage of those subparagraphs and not for bona fide commercial reasons, as well as in the context of thin capitalisation.

Re Article. 11 (1) It is understood that a) on behalf of Poland the Korporacja Ubezpieczeń UbezpieczeĔ Kredytów Exportowych, and b) on behalf of Austria the Oesterreichische Kontrollbank AG have to be treated as public institutions in the sense of sub-paragraph b) of paragraph 3 of Article 11. (2) Sub-paragraphs c) and d) of paragraph 3 do not apply in the case of debt-claim created or assigned mainly for purposes of taking advantage of those subparagraphs and not for bona fide commercial reasons, as well as in the context of thin capitalisation.