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932
ΕΠΙΣΗΜΗ ΕΦJIΜΕΡΙΔΑ ΤΗΣ IΟης ΑΥΓΟΥΣΤΟΥ
1984
ARTICLE
ΠΙ
Use of Proceeds of the Loan;
Withdrawal from the Loan Account
Section
3.01.
(a) For carrying out Part
Α
(1)
of the Project, as des–
crjbed
ίπ
ScheduJe
1
hereof, the Borrower shall make available to CCB an
amount
ίπ
C.f. e C1 uivalent to SDR 2,470,000 from the proceeds of the Loan
togett1er with a further Cf. 2,780,000 from its own resources, under a Subsidiary
Loan Agreement
ίl cceptable
to the Fund.
(b) Exce;)t as the Borrower and the Fund shal1 otherwise agree, the
terms for the relending of the amount equivalent to SDR 2,470,000 from the
proceeds of the Loan shall include interest at the rate of five percent
(5%)
per annum and a repayment period of
13
years, which said period shall include
a grace period of 2 years.
(c)
Εχce σ t
as the Fund may otherwise agree, the Borrower shall
cause CCB
ΙΟ
duly perform a11 its obligations under the CCB Subsidiary Loan
Agreement and shall not take,
ΟΓ
concur
ίπ,
any action which shall have the
effect of assigning, amending, abrogating
ΟΓ
waiving any rights
ΟΓ
obligations
eι!
the parties under the CCB Subsidiary Loan Agreement.
(d) Except as the Borrower and the Fund shall otherwise agree, the
onlending of the funds provided
Ιο
CCB under the CCB Subsidiary Loan Agree–
ment shall, inter alia, include the terms and conditions set forth
ίπ
Section
ιν (Α)
of Schedule 4 of this Agreement.
Section
3.02.
(a) For the carrying
ουΙ
of PartA
(2)
of the Project,as
described by Schedule
1
hereof the Borrower, through a Subsidiary Loan Agree–
ment acceptable
Ιο
the Fund, shall make available to DCD from its own re–
sources an amount equivalent to at least Cf. 397,000.
(b) Except as the Fund shall otherwise agree, DCD shall duly perform
a11 its obligations under the DCD Subsidiary Loan Agreement and shal1 not
take,
ΟΓ
concur in, any action which shall have the effect of assigning, amending,
abrogating
ΟΓ
waiving any rights
ΟΓ
obligations of the parties under the
DCD
Subsidiary Loan Agreement.
(c) Except as the Borrower and the Fund shall otherwise agree the
onlending of funds provided to the DCD under the DCD Subsidiary Loan Agree–
ment shall,
ίπΙεΓ
alia, include the terms and conditions set forth
ίπ
Section
ιν (Β)
of Schedule 4 to this Agreement.
Section
3.03.
(a) For carrying
οuΙ
Part
Β
of the Project, as described
ιπ
Schedule
1
hereof, the Borrower shal1 make availabJe to CMIO
θΠ
amount
ίπ
Cf. equivaJent tfJ SDR
1,400,000
from the proceeds of the Loan under a
Subsidi5ry Loan Agreement acceptabIe
Ιο
the Fund.
(b)
Ε
xcept as the Borrower and the F und shall otherw ise agree, the
Lt:OTlS
fol' the relending of the amount equivalent to SDR
1,400,000
from the
proceeds of the Loan shall incIude interest at the rate of six percent (6%)
per
annurη
and a repayment period of
10
years, which said period shal1 include
a grace period of 2 years.
(c) Except as the Fund shal1 otherwise agree, the CMIO shall duly
ρerform
aJI its obligations under the CMIO Subsidiary Loan Agreement and
shall not take,
σΓ
concur in" any action which shall have the effect
Όf
assigning,
amendίl}g,
abrogating
ΟΓ
waiving any rights
ΟΓ
obligations of the Parties under
the CMIO Subsidiary Loan Agreement.
Section 3.04. The goods, services and civil works
Ιο
be financed
out of the
ρroceeds
of the Loan and the allocation of amounts of the Loan
E:ιmong
different categories of such goods, services and civil works shall be
ίπ
accordance
\vit~
the
ρrovisions
of Schedule 2 to this Agreement, ,as such
Schedule may be amended from time to time by further agreement betvIeen
the Borrower and the Fund.