Page 940 - ΔΟΚΙΜΗ

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894
ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 2ας ΑΥΓΟΥΣΤΟΥ
1984
cernlng the Project. lts cost and. where appropr1ate, the bene–
flts to be derlved from lt. the expenditure of the proceeds of
the Loan and the goods and services financed out of the proceeds.
(c)
Uρon
the award by the Borrower of any contract for
goods, works or servlces to be f1nanced out
οί
the proceeds of
the Loan, the Bank may publ1sh a descrlpt10n thereof, the name
and nationa11ty of the party to whom the contract was awarded and
the contract price.
(d) The Borrower sha11 enable the Bank's representatlves to
exam1ne a11 plants, installations, sites,
WO)~~.
bu11d1ngs,
property and
equ1pιnent
of the Borrower and any relevCint records
and documents.
(e) Promptly after complet
1.00
of the Project. but
any
event not 1ater than s1x months after the Clos1ng Date or such
1ater date
θβ
may be agreed for th1s purpose between the Borrower
and tbe Bank. the Borrower sha11 prepare and furn1sb
[ο
the Bank
a report. of such scope and
such deta11 as the Bank sha11
reasonab1y request.
οη
tbe execution and 1n1t1a1 operat10n of the
Project; 1ts cost and :the benef1tR der1ved and to be derived from
{t, the performance by the Barrower and the 8ank of thelr
respect1ve ob11gat10ns under the Loan Agreement and the accom–
pl1shment of the purposes of the Loan.
Sectlon
3.06.
The Borrower shall take or cause to be taken
a11 sucb actlon
θβ
sha11 be necessary
[ο
acqulre
θβ
and when
needed a11 such 1and and rlghts
respect of 1and
θβ
sha11 be
requ1red for carry1ng out the Project and sha11 furnlsh to the
Bank. prompt1y after such acqu1s1t1on. ev1dence sat1sfactory to
the Bank that sucb 1and and r1ghts
respect of 1and are
θνθΙ1-
able for purposes related to the Project.
AR.TICLK
ιν
Κanagement
and
OperatloD8 of the Borrover
Sect10n
4.01.
The Borrower sha11 carry
οη
1ts operat10ns and
conduct 1ts affalrs
accordance wlth sound adm1nlstratlve,
f1nanc1al, and publ1c ut111ty pract1ces under the superv1s10n of
qual1fled and exper1enced management ass1sted by competent staff
adequate numbers.
Sect10n
4.02.
The Borrower shal1 take out and ma1nta1n w1th
responslb1e 1nsurers,
οι
make other prov1s10n satisfactory to the
Bank for, 1nsurance aga1nst such r1sks and
such amount9 89
sha11
be
cons1stent w1th appropr1ate practice.
Sect10n
4.03.
The Borrower sha11: (i) at a11 tlmes malntaln
1ts existence and right to carry
οη
operations and shall take
al1 steps necessary to acqu1re, malntaln and renew a11 rlghts,
powers, priv11eges and franch1ses wh1ch are necessary or useful
the conduc:t of 1ts buslness; (11) at a11 t1mes operate 8nd
ma1nta1n a11 lts plants, mach1nery, equlpment and other property
and from t1me to t1me, prompt1y
θβ
needed, make al1 necessary
renewa1s and repa1rs thereof, a11
accordance w1th appropr1ate
eng1neer1ng. pub11c ut111ty,
adιn1n1strat1ve
and f1nanc1a1 prac–
t1cesj and (111) 'at a11 tlmes manage lts affalrs, plan 1ts future
expan.10n and ma1nta1n 1ts f1nanc1al pos1t10n
ac:cordance w1th
appropr1ate eng1neer1ng. pub11c: ut111ty, adm1n1strat1ve and
flnanc1al pract1c:e••
Sect10n
4.04.
Except
θβ
the Bank sha11 otherw1ae agree, the
Borrower sh.11 not se11,
l~ase,
transfer or ass1gn .ny of 1ts
property
οι
assets, except
the normal course of 1ts bus1ness.