Cap. 505 Art. 8other agency, by the purposes of this by issuing or If EIB (or such accepts such with the payable on thereof and for the purposes difficulties and under a similar Guarantors to Agreement. The Working Stepping-Out any further issues Guarantees to be and the Guarantees shall liability of the and agree

CALCULATIONS AND ADJUSTMENT OF THE GUARANTEES

(1) The Parties agree that EFSF may appoint EIB (or such institution, EU institution or financial institution as is approved unanimously Guarantors) with the task of making the calculations for the Agreement, each Loan Facility Agreement, the financing of EFSF entering into Funding Instruments (or otherwise) and the Guarantees. other agency, institution, EU institution or financial institution) appointment, it shall calculate the interest rate for each Loan in accordance terms of the relevant Loan Facility Agreement, calculate the amounts each interest payment date and notify the relevant Borrower and EFSF make all such other calculations and notifications as are necessary of this Agreement, the Guarantees and the Funding Instruments.

(2) In the event that a Guarantor experiences severe financial requests a stability support loan or benefits from financial support programme, it (the "Stepping-Out Guarantor") may request the other suspend its commitment to provide further Guarantees under this remaining Guarantors, acting unanimously and meeting via the Eurogroup Group may decide to accept such a request and in this event, the Guarantor shall not be required to issue its Guarantee in respect of of or entry into Funding Instruments by EFSF and any further issued under this Agreement shall be issued by the remaining Guarantors Adjusted Contribution Key Percentage for the issuance of further be adjusted accordingly. Such adjustments shall not affect the Stepping-Out Guarantor under existing Guarantees. It is acknowledged that the Hellenic Republic is deemed to be a Stepping-Out Guarantor from the entry into force of this Agreement.