Treaty Series Recuei dens Traitds - United Nations Treaty Collection

216 United Nations - Treaty Series 1967
Article II
PARTICULAR COVENANTS
Section 2.01. The Rdgie shall carry out the Project with due diligence and
efficiency and in conformity with sound railway, engineering and financial practices
and shall provide, promptly as needed, the funds, facilities, services and other
resources required for the purpose.
Section 2.02. The Rdgie shall duly perform its obligations under the Subsidiary
Loan Agreement and, except as the Association shall otherwise agree, shall not
amend, assign, abrogate or waive any provision of such Subsidiary Loan Agreement.
Section 2.03. In the carrying out of such parts of the Project as the Association
and the Rdgie shall agree upon, the Rdgie shall employ competent and
experienced consultants and technicians acceptable to the Association, to an extent
and upon terms and conditions satisfactory to the Association.
Section 2.04. (a) Upon request from time to time by the Association, the
Rdgie shall furnish to the Association, promptly upon their preparation, the plans,
specifications and work schedules for the Project and any material modifications
subsequently made therein, in such detail as the Association shall request.
(b) The Rdgie shall maintain records adequate to identify the goods financed
out of the proceeds of the Credit, to disclose the use thereof in the Project, to record
the progress of the Project (including the cost thereof) and to reflect in accordance
with consistently maintained sound accounting practices its operations and financial
condition; shall enable the Association's representatives to inspect the Project,
the goods, the Railways and any relevant records and documents; and shall furnish
to the Association all such information as the Association shall reasonably request
concerning the expenditure of the proceeds of the Credit, the Project, the goods,
and its administration, operations and financial condition.
Section 2.05. (a) The Association and the Rdgie shall cooperate fully to
assure that the purposes of the Credit will be accomplished. To that end, each of
them shall furnish to the other all such information as it shall reasonably request.
(b) The Association and the R~gie shall from time to time exchange views
through their representatives with regard to the performance by the Rdgie of its
obligations hereunder or under the Subsidiary Loan Agreement and its administration,
operations and financial condition.
(c) The R~gie shall promptly inform the Association of any condition which
interferes with, or threatens to interfere with, the accomplishment of the purposes
of the Credit or the performance by the Rdgie of its obligations under this Project
No. 8604