European Financial Stability Facility and Euro Area Loan Facility (Amendment) Act 2011

2.

Amendment of Euro Area Loan Facility Act 2010.

2.— F1 [ (1) The references to the Loan Facility Agreement in the Euro Area Loan Facility Act 2010 include

( a ) the Amendment to the Loan Facility Agreement of June 2011,

( b ) the Amendment to the Loan Facility Agreement of February 2012,

( c ) the Amendment to the Loan Facility Agreement of December 2012, and

( d ) any subsequent amendments to the Loan Facility Agreement which have been approved by D á il É ireann pursuant to Article 29.5.2 ° of the Constitution,

and that Act shall be construed accordingly.

(1A) Where D á il É ireann has approved, pursuant to Article 29.5.2 ° of the Constitution, an amendment to the Loan Facility Agreement, the Minister for Finance shall, as soon as may be thereafter, cause notice of such approval to be published in Iris Oifigi ú il . ]

(2) The purposes of subsection (1) include enabling the State to make the payments provided for in—

( a) the Intercreditor Agreement, and

F1 [ ( b ) the Loan Facility Agreement, as amended by the amendments to which subsection (1) relates. ]

(3) In this section—

“Amendment to the Loan Facility Agreement of June 2011” means the Amendment to the EUR 80 000 000 000 Loan Facility Agreement done in Brussels on 14 June 2011 and in Athens on 10 June 2011 entered into by—

( a) the Hellenic Republic as borrower and the Bank of Greece, as agent to the borrower, on the one part, and

( b) the other Member States of the Euro Area represented by the European Commission (acting as agent for those Euro Area Member States, other than the Federal Republic of Germany) and KfW (acting in the public interest, subject to the instructions of and with the benefit of the guarantee of the Federal Republic of Germany) as lenders on the other part,

the text of which (including the Annexes) is set out in Schedule 2 ;

F2 [ Amendment to the Loan Facility Agreement of February 2012 means the Amendment to the EUR 80 000 000 000 Loan Facility Agreement done in Brussels on 27 February 2012 and in Athens on 24 February 2012 entered into by

( a ) the Hellenic Republic as borrower and the Bank of Greece, as agent to the borrower, on the one part, and

( b ) the other Member States of the Euro Area represented by the European Commission (acting as agent for those Euro Area Member States, other than the Federal Republic of Germany) and KfW (acting in the public interest, subject to the instructions of and with the benefit of the guarantee of the Federal Republic of Germany) as lenders on the other part,

the text of which (including the Annexes) is set out in Schedule 3; ]

F3 [ Amendment to the Loan Facility Agreement of December 2012 means the Amendment to the EUR 80 000 000 000 Loan Facility Agreement done in Brussels on 19 December 2012 and in Athens on 18 December 2012 entered into by

( a ) the Hellenic Republic as borrower and the Bank of Greece, as agent to the borrower, on the one part, and

( b ) the other Member States of the Euro Area represented by the European Commission (acting as agent for those Euro Area Member States, other than the Federal Republic of Germany) and KfW (acting in the public interest, subject to the instructions of and with the benefit of the guarantee of the Federal Republic of Germany) as lenders on the other part,

the text of which (including the Annexes) is set out in Schedule 4; ]

“Intercreditor Agreement” has the same meaning as in the Euro Area Loan Facility Act 2010;

“Loan Facility Agreement” has the same meaning as in the Euro Area Loan Facility Act 2010.

Annotations:

Amendments:

F1

Substituted (5.02.2013) by Euro Area Loan Facility (Amendment) Act 2013 (1/2013), s. 2(a), (b), commenced on enactment.

F2

Inserted (9.03.2012) by Euro Area Loan Facility (Amendment) Act 2012 (6/2012), s. 2(c), commenced on enactment.

F3

Inserted (5.02.2013) by Euro Area Loan Facility (Amendment) Act 2013 (1/2013), s. 2(c), commenced on enactment.

Editorial Notes:

E1

Previous affecting provision: subs. (1) substituted (9.03.2012) by Euro Area Loan Facility (Amendment) Act 2012 (6/2012), s. 2(a), commenced on enactment; subsequently further substituted as per F note above.

E2

Previous affecting provision: subs. (2)(b) substituted (9.03.2012) by Euro Area Loan Facility (Amendment) Act 2012 (6/2012), s. 2(b), commenced on enactment; subsequently further substituted as per F note above.