Download INTERCONNECTION CAPACITY ACCESS RULES for the

Your above indisputable decision is absolutely obligatory for ourselves and we
hereby undertake to pay immediately on your demand, any stipulated sum or sums not
exceeding the aggregate amount of (SAY _______________), free from interest, costs and
ancillary charges, as per your instructions, without demanding our Client´s authorization, consent or any other action, and without having the right to take into consideration any eventual
opposition , objection or exception raised by our Client whom we warranted, and waiving all
rights of ours in general, deriving from Articles 853,855,862,863,867 and 868 of the Greek
Civil Code.
We shall discharge our above Client of this guarantee upon the return of this letter of guarantee and your written instructions to this effect and in any case the present guarantee is valid until
its expiration period, lasting until 20.1.20… {the 20th day of January of the calendar year for
which the Yearly Interconnection Capacity is auctioned}, whichever is soonest, at which point it
shall lapse and shall not give rise to any obligation on our part, unless you (HTSO) have requested in writing that all or part of it is forfeited before it expires.
Modification or removal of factual or legal relations or links that may exist as of this day
between us and our Client, may not release us from the present guarantee. Our obligation arising by the present guarantee will remain valid and we will not be released from our obligations
arising from this guarantee in case that our Client is declared bankrupt, or under liquidation or
under dissolution, or in case of compulsory administration or any other relevant procedure or in
case that our Client is granted any benefits or sets off any claim against you (HTSO). All the
provisions of the present undertaking will retain their full effect, irrespective of any change in the
financial or legal status of our Client.
The present guarantee and all matters arising from it are subject to Greek law and by this
present our bank unconditionally and unreservedly submits to the Athens Courts´ jurisdiction.
In case of total or partial forfeiture of this guarantee, the amount is subject to a fixed government stamp fee, which is to be paid by our Client.
By this present we hereby declare that the amount of the present guarantee does not
exceed the limit set by the law for our bank.
IN WITNESS WHEREOF the present guarantee was signed on …………….. 200...
Issuer’ s signature
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