Page 946 - ΔΟΚΙΜΗ

900 ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 2ας ΑΥΓΟΥΣΤΟΥ 1984
SCllEDULE 1
Wlthdraval of tbe Proceeds of the Loaa
1. The table below sets forth the Categor1e8 of items ΙΟ be
flnanced out of the proceeds of the Loan, the al10cat10n οΙ the
amounts of the Loan ιο each Category and the percentage οΙ expen–
dltures for ltems 80 ιο be f1nanced 1η each Category:
Category
(1) Hater1als and
equlpment for
Parts Α and Β
of the Project
(2) Clv11 works for
Parts Α and Β
of the Project
(3) Consultants'
servlces
(4) Tralnlng
(5) Unallocated
ΤΟΤΑΙ
Amount of the
Loan Allocated
(Expressed 1η..
Dollar Equlvalent)
8,900,000
5,700,000
540,000
20,000
1,640,000
16,800,000
2. For the purposes of th1s Schedule:
% οΙ
Exp~ndltures
to be Financed
100% of foreign
expendltures and
35% of local ex–
penditures
25%
ΙΟΟ% οΙ foreign
expendltures
ΙΟΟ% of forelgn
e xpef\d Ι tnres
(a) the term "foreign expendltures" means expendltures 1η
the currency of any country other than that of the Guarantor for
goods or servlces supplled from the territory of any country
other than that of the Guarantor; and
(b) the terrn ' 'local expendltures" means expendlt\1res 1η ttle
currency of the Guarantor Οι" for goods οι servlces supplled from
the terrltory of the Guarantor.
3. The dlsbursernent percentageR have been calculated 1η com–
p11ance w1th the pol1cy of the Bank that tht~ proceeds οΙ the Loan
shal1 ηοΙ be dlsbursed οη account of payments for taxes levled
by, or ίη the terr1tory οί, the Guarantor οη goods οι services,
οι οη the 1mρortatton, manufacture, procurernent Οι" ~υpply there–
of; οη thls bas1s, 1f the amount of θΠΥ 8uch taxes levled οη or
ίη respect of 1tems 1η any Category decretιses οι 1ncreases, the
Bank may, by notlce ιο the Bor rower, lnc rease οι decrease the
d1sbursement percentage then appllcable Ιο such Category a8
requ1red ιο be cons1stent wlth the aforementloned pollcy of the
Bank.
4. Notw1thstand1ng the prov1s1ons of paragraph- 1 above, ηο
w1thdrawals sha11 be made 1η respect of payments made for expen–
d1tures pr10r Ιο the date of th1s Agreement.
'). Notw1 ths tand1ng the allocat 10η of an amount οί the Loan or
the d1sbursement percentages set forth 1η the tab1e 1η paragrdph
1 above, 1f the Bank has recιsonab1y estl.ated that the amount of
the Loan then allocated ιο any Category w111 be insuff1c1ent to
f1nance the agreed percentage of al1 expend1tures 1η that Cate-