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892
ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 2ας ΑΥΓΟΥΣΤΟΥ
1984
Section 2.02. The amount of the
Ιοβη
may be wi thdrawn from
the Loan Account
ίη
accordance w1th the prov1sions of Schedule 1
to this Agreement, as such Schedule may be amended from t1me to
t1me by agreement between the Borrower and the Bank, for expendi–
tures made (or, 1f the Bank shall
θΟ
agree, to be made)
1η
res–
pect of the reasonable cost of goods and serv1ces requ1red for
the Project and to be f1nanced out of the proceeds of the Loan.
Sect10n 2.03. Except as the Bank shall otherwlse agree, pro–
curement
οί
the goods and clv11 works requlre
I
l
for the Project
and to be flnanced out of the proceeds of the Loan shall be
governed by the provlslons
οί
Schedule
4
to t111s Agreetuent.
Section 2.04. The Clos1ng Date shal1 be December 31, 19900r
such later date
θβ
the Bank shall
establl~h.
The Bank shall
promptly not1fy the Borrower and the Guarantor of
~uch
later
date.
Sect10n 2.05. (a) The Borrower shall pay to the Bank a fee
equlvalent to forty two thousand dollars ($42,000).
(b)
Pr10r to the dlspatch by the Bank of the notlce refer–
red to
1η
paragraph (a) of Sec t10n 12.03
οί
the General Condl–
t,10n8
ι
the Borro",er shall pay to the Bank the amount of the sa1d
fee
1η
sucl1 currency or currencles as the Bank shall specify.
Sectlon 2.06. The Borrower shal1
ΡθΥ
to the Bank a commit–
ment charge at the rate of three-fourths of one per cent
(3/4
of
1%)
per dnnum
οη
the pr1nc1pal amount of the Loan not w1thdrawn
from t1me to tlme.
Sect10n 2.07. (a) The Borrower shall pay interest
οη
the
principal amount of the Loan withdrawn and outstand1ng from t1me
[ο
tlme at a rate per annum for each Interes
t
Period equal to
one-half per cent per annum above the Cost of Qualified Borrow-
1ngs for the last Semester ending pr10r to the commencement of
~uch
lnterest Per10d.
(b)
As
soon
θβ
pract1cable after the end
οί
each Semester,
the Bank shall not1fy the Borrower and the Guarantor of the Cost
οί
Qua11f1ed Borrowlngs for such Semester.
(c) For purposes of this Sectlon:
(i) "lnterest Per10d" means the slx-month period
commenc1ng
οη
each date spec1f1ed
1η
Section 2.08
of th1s Agreement, includ1ng the Interest Per10d
1η
wh1ch th1s Agreement 18 s1gned •
.
(11) "Cost" of Qua11f1ed Borrow1ngs means the cost,
expressed
θβ
a percentage per annum, as reasonably
determined by tbe Bank, prov1ded that the amount
of $8,520.5 m11110n referred to
ία
(111)
(Β)
here–
under shall be reckoned at a cost of 10.93% per
annιJIn.
(111)
ιtQual1fied Borrow1ngs
ιt
means
(Α)
outstanding
borrow1ngs of the Bank drawn down after June 30,
Ι
982; and
(Β)
untl1 July 1, 1985
ι
the aIRount of
$8
ι
520.5 m11110n (represent1ng borrow1ngs of the
Bank between July 1, 1981 and June 30, 1982) les8
any part thereof repald earl1er than July 1, 1985.
(1v)
"Semester
ιt
means the f1rst s1x montbs or the
second
βίχ
months of a calendar year.
Sect
10η
2.08. Interes t and other charges shal1
be
payable
semldnnually
οη
May 15 and November 15
1η
each year.
Section 2.09. The Borrower shall repay the
Ρr1ncίΡaΙ
amount
of the Loan
1η
accordance with the amortlzatlon 6chedule set
forth
ίη
Schedule
3
to th1s Agreement.