Indemnity AgreementIndemnity Agreement • May 21st, 2021
Contract Type FiledMay 21st, 2021ANGOLA (the “Member Country”) and the INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the “Bank” ) in connection with the Guarantee Agreement of the same date (the “Guarantee Agreement”) between the Bank, the Guaranteed Lenders, and Standard Chartered Bank, acting as agent for the Guaranteed Lenders (the “Beneficiary”), pursuant to which the Bank has agreed, on the terms and subject to the conditions set forth therein, to guarantee the repayment of certain amounts of Loans under a term loan facility agreement of the same date (the “Guaranteed Facility Agreement”) between, inter alios, the Beneficiary acting as facility agent, the Guaranteed Lenders, and the Member Country acting by and through the Ministry of Finance of the Member Country (“MinFin”) as borrower (the “Borrower”), which Loans will finance in part a project consisting of the design, construction, installation, supervision, management, maintenance and operation of the first phase of investments (thirteen works lots