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ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 17ης ΙΟΥΛΙΟΥ
1984
a11 such information as the Bank shall reasonably request
concerning the project. its cost and, where appropriate, the
benefits to be derived from it, the
e~enditure
of the proceeds
of the Loan and the goods and services financed out of such
proceeds.
(c)
υροη
the award by the Borrower of any cont ract for
goods, works or services to be financed out of the proceeds of
the Loan, the Bank may publish a description thereof, the name
and nationality of the party to whom the contract was awarded and
the contract price.
(d) Promptly after completion of the Project, but
ίη
any
event not later than six months after the Closing Date or such
1ater date as may be agreed for this purpose between the Borrower
and the Bank, the Borrower sha11 prepare and
furn~h
to the Bank
a report, of such scope and
ίη
such detai1 as the Bank sha11
reasonab1y request,
οη
the execution and initia1 operation of the
Project, its cost and the benefits derived and
Ιο
be derived from
it, the performance by the Borrower and the Bank of their respec–
tive ob1igations under the Loan Agreement and the
accomρlishmen~
of the purposes of the Loan.
Section
3.08.
The Borrower sha11 take or cause to be taken
a11 such action as sha11 be necessary
Ιο
acquire, not 1ater than
December
31, 1984,
or such other date as the Bank may agree, a11
such 1and and rights
ίη
respect of 1and as sha11 be required for
carrying out the Project and sha11 furnish to the Bank, prompt1y
after suchacquisition, evidence satisfactory to the Bank that
such 1and and rights
ίη
respect of 1and are avai1ab1e for · pur–
poses re1ated to the PrQject.
Section
3.09.
Ιη
order to protect the Kokkinokhoria aquifer
from further dep1etion, the Borrower sha11 take adequate measures
satisfactory to the Bankto keep
grομndwater
extraction from said
aquifer at a11 times within safe 1imits.
Section
3.10.
The Borrower sha11, not 1ater than Decem–
ber
31, 1984,
make arrangemeHts satisfactory to the Bank for the
relocation of any residents to be disp1aced as a result of the
works carried out under Part
Α
of the Project and for the provi–
Β10η
of adequate compensation to said res1dents.
ARTICLE
ιν
Otber Covenant8
Sect10n
4.0Ι.
(a)
Ίt
is the p01icy of the Bank,
ίη
making
loans to, or with the guarantee of, its members not to seek,
ίl\
normal circumstances, specia1 security.from the member conce,ned
but to ensure that
ηο
other externa1' debt sha11 have priority
over its 10ans
ίη
the a110cation,
r~a1ization
or distribution of
foreign exchange he1d under the control or for the benefit of
such member.
Το
that end, if any lien shall
be
created
οη
any
public assets (as hereinafter defined), as security for any
external debt, which will or might result '
ίη
a priority for the
benefit of the creditor of such externa1 debt
ίη
the al10cation,
rea1ization or distribution of foreign exchange, sucb l1en shal1 ,
unless the Bank shall otherwise agree. ipso facto and at
ηο
cost
ιο
the Bank, equally and ratably secure the princ1pal of, and
interest and other charges
οη.
the Loan, and the Borrower,
ίη
creating or permitting the creation of such lien, shall make
express provision
ΙΟ
that effect; provided, however, that, if for
any constitutional or other legal reason such provision cannot
be
made with . respe ct
ιο
any 1ien created
οη
assets of any of its
political or administrative subdivisions. the Borrower shall
promptly and at
ησ
cost
ιο
the Bank secure the principal of. and
interest and other charges
οη,
the Loan by an equivalent lien
οη
other public assets satisfactory to the Bank.