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782
ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 17ης ΙΟΥΛΙΟΥ
1984
LOAN NUMBKI. 2386 CY
ΙΟΑΗ AGREΚMΚlf't
AGREEMENT, dated
A/,-r";
Ι
' 11
,
1984, between
REPUBLIC OF CYPRUS (hereinafter called the Borrower) and INTER–
NATIONAL
ΒΑΝΚ
FOR RECONSTRUCTION
ΑΝΟ
DEVELOPMENT (hereinafter
called the Rank).
WHEREAS
(Α)
the Borrower has requested the Bank to assist
the f1nancing of the fore1gn exchange cost of the Project
descr1bed
Schedule 2 to this Agreement by making the Loan as
hereinafter provided;
(Β) 1η
order to obta1n an aggregate amount .• equ1valent to
about one hundred and eleven mil110n do11ars ($111,000,000)
(here1nafter cal1ed the Cof1nanc1ng
Aιnount)
to ass1st
the
f1nanc1ng of the Project, the Botrower 1ntends to contract: (1)
from the Kuwa1t Fund for Arab Economic Deve10pment (hereinafter
ca11ed the
Κuwait
Fund) , a 10a11 (here1nafter ca11ed the
Κuwait
Fund Loan)
an amount equiva1ent to not less than ten mi1110n
dollars ($10,000,000), for Part D of the Project,
οη
the terms
and cond1tlons set forth
an agreement (here1nafter called the
Kuwa1t Fund Loan Agreement) to be entered fnto between the Bor–
rower and the Kuwa1t Fund; and (2) from other external sources of
finance 10ans or credits (hereinafter cal1ed the
Cof1nanci~rs'
Loans or Cred1ts)
οη
the
terιns
and conditions set forth 1n- agree–
ments (hereinafter called the Cofinanciers' Agreements); and
WHEREAS the Bank has agreed,
οη
the bas1s 1nter a1ia of the
forego1ng, to make the Loan to the Borrower upon the terms and
conditions hereinafter set forth;
NOW THER110RE the parties hereto hereby agree as fol10ws:
ARTICLE
Ι
General Conditlons; Definitlons
Section 1.01. The parties to this Agreement accept
~11
the
provisions of the Genera1 Conditions App11cable to Loan and
Guarantee Agreements of the Bank, dated October 27, 1980, w1th
the same force and effect as 1f they were ful1y set forth herein
(sa1d Genera1 Condit10ns App11cab1e to Loan and Guarantee Agree–
ments of the Bank be1ng here1nafter ca11ed the Genera1 Condi–
t1ons.) •
Section 1.02. Wherever used
ίη
th;J.s Agreement, un1ess the
context otherw1se requ1res, the several terms defined
ίη
the
Genera1 Conditions and
ίη
the
Preaι;nb1e
to this Agreement have
the respective meanings therein set forth and the f0110wing addi–
tional terms have the f0110wing meanings:
(a) "MANR" means the Borrower' s Minis'try of Agricu1ture and
Natura1 Resources;
(b) "WDD" means the Water Development Department within
MANR·
,
(c) "Project Water" means a11 water made avai1ab1e for
irrigation purposes through the faci1ities to
b~
cons tructed
under the Project;
(d) ' 'Operationa1 Irrigation Schemes" means a11 the Bor–
rower 's irrigation schemes and projects, exc1uding the Paphos
Irrigatlon Project, which are operatlonal at the time of thls
Agreement;