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ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 17ης ΙΟΥΛΙΟΥ
1984
SCHEDULE 1
Wlthdrawal
of the Proceedd of the Loan
1.
The table below s ets f orth the Ca tegor1es of 1 teJDB to be
f1nanced out of the proceeds of the Loan, the
allo~at10n
of the
amounts of the
ΙΟΗη
to each Category and the percentage of
expend1tures for 1tems 80 to be f1nanced
each Category:
Category
( 1)
C1v11 works
(a) for the
Kouris Dam
(b) for the Akhna
Reserν01r
(2)
Consnltants
(3)
Office eQU1P-
ment (including
word processor
and microcom-
puter)
(4)
Una110cated
ΤΟΤΑL
Amount of the
Loan A110cated
(Expressed
Dollar Equ1valent)
17,300,000
2,250,000
4,800,000
50,000
2,600,000
27,000,000
%
of
Expend1tures
to be F1nanced
26%
64%
100%
95%
2.
The disbursement percentdges
haν~
been calculated
ίη
com–
p11ance with the p01icy of the Bank that the
proce~ds
of the Loan
shall not be disbursed
οη
account of payments for taxes lev1ed
by, or
the territory of, the Borrower
οη
goods
οτ
services, or
οη
the
~mportation,
manufact1Jre, procurement
οτ
supply thereof;
οη
th1s basis, if the amount of any such taxes lev1ed
οη οτ 1η
respect of ltems
any Category decreases
οτ
increases, the Bank
may, by not1ce to the Borrower, increase or decrease the d1s–
bursement percentage then applicab1e to such Category
ΗΒ
required
to be consistent with the aforementioned policy of t11e Bank.
3.
Notwithstanding the
proνisions
of
ρar;:ιgΓcφ}1
above,
ηο
withdrawals sha11 be made
ίl1
rcspect of expefili1.Ltlres
Irιad~
prior
to the date of this Agreement.
4.
Notwithstanding the allocation of an amount of the Loan or
the disbursement percentages set forth
ίη
the tabJe
ίη
paragraph
1 above, if the Bank has reasonably es timated tltat the amount of
the Loan then a110cated to any Categury w1.11 be
irιsufficient
to
finance the agreed percentage of a11 expenditt1res
that Cate–
gory, the Bank may, by notice to the Borrower:
(ί)
reallocate to
such Category, to the extent requlred to meet the estimated
shortfall, proceeds of the Loan which are then allocated to
another Category and which
ίη
the
ορίηίοη
of tt1e Bank are not
needed to meet other expenditures; and (1i)
if
s~ch
reallocation
cannot fully meet the estimated shortfall, rednce the disburse–
ment percentage then appl1cable to 8uch expenditnres
ίη
order
that further w1thdrawals under such Category may continne until
a11 expend1tures thereunder shall have been made.•
5.
If the Bank shall have reasonably
ιietermined
that the pro–
curement of any item
ίη
any Category 1s lnconsistent with the
procedures set · forth
οτ
referred to
th1s Agreement,
ηο
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