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ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 2ας ΑΥΓΟΥΣΤΟΥ
1984
ΙΟΑΝ ΝυΗΒΚΚ
24
Ι
1 CY
ΙOλt4 λGιιEΚMENT
AGREEMENT, dated
~;3
{
,
1984,
between
INTERNATIONAL
ΒΑΝΚ
FOR
RECON~RUCTION ΑΝD
DEVELOPMENT (hereln–
after cal1ed the Bank) and SEWERAGE BOARD
01"
LlMASSOL-AMATHUS
(hereinafter called the Borrower).
WHEREAS
(Α)
the Borrower has requested the Bank to ass1st
1η
the f1nanc1ng of the fore1gn exchange cos t of the Project des–
cr1bed
1η
Schedu1e
2
to th1s Agreement by mak1ng the Loan as
hereinafter
proν1ded;
WHEREAS
(8)
1η
order to obta1n an aggregate ·amount
equlνa
lent to about e1ght mi1110n d011ars
($8,000,000)
to asslst
1η
the
flnanclng of the Project the Guarantor, or the Borrower wlth the
consent
οί
the
Gu~rdntor,
lntends to contract from other sources
οί financin~,
1nc1nding the Councl1
οί
Europe Resett1ement Fund
(hereinaft~r
ca11ed CERF) a 10an (here1nafter ca11ed CERF Loan)
οι
other 10ans
οη
the terms and cond1tlons set forth
1η
the res–
pectlve f1nanclng agreements; and
WHEREAS the Bank has agreed,
οη
the bas1s 1nter a11a of the
foregoing, to
Iιιake
the Loan to the Borrower upon the terms and
condit1ons herelnafter set forth;
NOW THEREFORE the parties hereto hereby agree
θΒ
fo11ows:
AJ')'fICLE
Ι
General Condltlonsj Deflnit10ns
Section
Ι.ΟΙ.
The parties to th1B
Agree~ent
accept a11 the
ριον1β10ΠΒ οί
the Genera1 Conditlons App11cable to Loan and Gua–
rantee Agreements of the Bank,
dateιl
October
27, 1980,
w1th the
same force and effect as
ίί
they were fu11y set forth here1n
(said Genernl Cond1tions App11cable to Loan and Guarantee Agree–
ments of the Bank be1ng hereinafter ca11ed the General Condl–
tions).
Sect10n
1.02.
Wherever used
1η
thls Agreernent, unles8 the
context otherw1se requ1res, the several terms deflned 10 the
General Cond1t 10n8 and
1η
the Preamble to the Loan Agreernent
haνe
the respective mean10gs there1n set forth and the follow1ng addl–
t iona1 termB 11ave the fo110wlng mean1ngs:
(a)
"1971
Law" means the Guarantor's
~ewage
and Dralnage
Law, dated January
8, 1971,
8θ
amended from tlme to t1me,
θηιl
"SBLA Order" means Order
Νο.
248,
dated September
5,
198Ο,
by
wh1ch the Guarantor's Council of Minlsters establlshed the
Sewerage Board of L1massol-Amathus, pursuant to lts authorlty
1η
accordance wlth Sectlon
3
of the
1971
Lawj and
(b) "fiscal year" means the perlod January
1
through Decem–
ber 31.
ARTICLE 11
The Loan
Section
2.01.
The Bank agrees to lend to t11e Borrower,
οη
the terms and condlt1ons set forth or referred to
Ιη
th1s Loan
Agreement,
θη
amount
1η νarlous
currencles equlva1ent to slxteen
ΜίΙΙ1οη
e1ght hundred thousand dol1ars
($16.800.000).
891