execution copy execution copy execution copy execution copy operation number 36384 operation number 36384 operation number 36384 deed of assignment of contracts between balykshy l. l. p. and european bank for reconstruction and development 5 august 2008 london - 108714. 17 execution copy london - 108714. 17 london - 108714. 17 london - 108714. 17 execution copy execution copy execution copy table of contents page no article i definitions and interpretation 6 section 1. 01 definitions 7 section 1. 02 interpretation 10 section 1. 03 implied covenants 12 article ii assignment 12 section 2. 01 covenant to pay 12 section 2. 02 assignment of rights 13 section 2. 03 appropriation 13 section 2. 04 power of sale 13 section 2. 05 consolidation permitted 13 section 2. 06 notice of other interest 13 section 2. 07 continuing security ; prejudice 14 section 2. 08 borrower's liability not affected 15 section 2. 09 additional rights 16 section 2. 10 retention 16 section 2. 11 property 16 section 2. 12 continuation 16 section 2. 13 resorting to other means of payment 16 section 2. 14 conditional releases 17 article iii representations and warranties 17 section 3. 01 representations and warranties of the borrower 17 section 3. 02 restatement of representations and warranties. 20 article iv covenants 20 section 4. 01 affirmative covenants by the borrower 20 london - 108714. 17 london - 108714. 17 london - 108714. 17 section 4. 02 negative covenants of the borrower 22 section 4. 03 obligations in respect of the assigned rights 23 article v rights, powers and duties of ebrd 24 section 5. 01 rights and powers. 24 section 5. 02 no obligations of ebrd 26 section 5. 03 application of moneys 26 section 5. 04 charge 27 section 5. 05 payments 27 section 5. 06 no set - off 27 section 5. 07 possession 28 article vi obligations under contracts 28 section 6. 01 borrower's obligations 28 section 6. 02 no obligation on ebrd 28 article vii security power of attorney 28 article viii power of attorney 29 article ix taxes and currency 30 section 9. 01 taxes 30 section 9. 02 currency indemnity 31 section 9. 03 gross - up 31 article x protection of security 32 section 10. 01 preservation of security and rights 32 section 10. 02 change in borrower's constitution 32 section 10. 03 limit