Treaty Series Recuei dens Traitds - United Nations Treaty Collection

302 United Nations - Treaty Series 1967
Section 2.04. (a) Upon request from time to time by the Association, the
R~gie 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 2.06. (a) The Association and the R~gie 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 R~gie 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 R~gie of its obligations under this Project
Agreement or under the Subsidiary Loan Agreement or which shall increase or
threaten to increase materially the estimated cost of the Project.
Section 2.06. (a) The Rfgie shall take out and maintain with responsible
insurers or make other provision satisfactory to the Association for insurance
against such risks and in such amount as shall be consistent with sound practice.
(b) Without limiting the generality of the foregoing, the R6gie undertakes
to insure the imported goods to be financed out of the proceeds of the Credit against
marine, transit and other hazards incident to acquisition, transportation and
delivery thereof to the place of use or installation and for such insurance any
indemnity shall be payable in a currency freely usable by the R~gie to replace or
repair such goods.
Section 2.07. Except as shall otherwise be agreed by the R~gie and the Association,
the R~gie shall use all goods financed out of the proceeds of the Credit exclusively
in the carrying out of the Project.
Section 2.08. Except in the normal course of business, goods purchased or
paid for out of the proceeds of the Credit shall not be sold or otherwise disposed
of without the prior consent of the Association.
No. 8607