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ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 17ης ΙΟΥΛΙΟΥ
1984
(e) "Pr10r Irr1gat10n Projects" means the Paphos Irr1gat10n
Project (Loan
Νο.
960-CY), the Vas111kos-Pendask1nos Project for
Water Resources Development (here1nafter referred to
θ8
the VPP)
(Loan
Νο.
1658-CY) and the Khrysokhou Irr1gat1on Project (Loan
Νο.
2279-CY);
(f) "Southern Conveyor Scheme for Water Re80urces Develop–
ment·· means the Borrower 's ten-year scheme for the ful1 develop–
ment of its water resources, wh1ch Scheme 1s d1vided 1nto a F1rst
Phase and a Second Phase; the '·F1 rs t Phase" means the Project
θβ
descr1bed
1η
Schedule 2 to this Agreement; and the "Second
Phase··, as referred to
1η
Section 3.
ΟΙ
(b) of th1s Agreement,
1ncludes the construct10n of: (1) the Dh1arizos d1vers1on; (11) a
tert1ary sewerage treatment plant at L1massol; (111) water treat–
ment plants; and (1v) additional water supply works and 1rriga–
tion systems;
(g) ·'Ent1ty·· means the entity referred to
ίη
Sect10n 3.03
of th1s Agreement;and
(h) ··f1scal year·' means the period January 1 to Decem–
ber 31.
ARTICLK 11
Tbe Loao
Sect10n 2.01. The Bank agrees to lend to the Borrower,
οη
the terms and cond1t10ns set forth or referred to
1η
th1s Agree–
ment, an amount
1η
var10us currenc1es equ1valent to twenty-seven
m11110n dollars ($27,000,000).
Sect10n 2.02. The amount of the Loan may
be
withdrawn from
the Loan Account
1η
accordance wlth the provls10ns of Schedule 1
to th1s Agreement, as such Schedule may be amended from tlrne to
t1me by agreement between the Borrower and the Bank, for
expend1tures made (or, 1f the Bank shal1 so agree,
tΌ
be
made)
1η
respect of the reasonable cost of goods and serv1ces requ1red for
the Project descr1bed
1η
Schedule 2 to th1s Agreement and to be
f1nanced out of the proceeds of the Loan.
Sect10n 2.03. Except as the Bank shall otherwlse agree,
procurement of the goods and civ11 works requ1red for the Project
and to
be
f1nanced out of the proceeds of the Loan shal1
be
governed by the prov1s10ns of Schedule 4 to thls Agreement.
Sect10n ·2.04. The Closing Date shall be December 31, 1990
or such later date as the Bank shall establish. The Bank shal1
promptly not1fy the Borrower of such later date.
Sect10n 2.05. (a) The Borrower shall pay to the Bank a fee
equ1valent to s1xty-seven thousand f1ve hundred dollars
($67,500).
(b) Pr10r to the d1spatch by the Bank of the notice
referred to
1η
paragraph (a) of Section 12.03 of the General
Condit10ns, ' the Borrower shall pay to the Bank the amount of the
sa1d fee
1η
such currency or currenc1es as the Bank shal1
spec1fy.
Section 2.06. The Borrower shall pay to the Bank a comm1t–
ment charge at the rate of three-fourths of one per cent (3/4 of
1%) per annum
οη
the pr1nc1pal amount of the Loan not withdrawn
from t1me to t1me.
Se~t10n
2.07. (a) The Borrower shal1 pay 1nterest
οη
the
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