Treaty Series Recueil des Traites - United Nations Treaty Collection

188 United Nations - Treaty Series 1969
LOAN AGREEMENT'
AGREEMENT, dated February 28, 1969, between REPUBLIC OF
TURKEY (hereinafter called the Borrower) and INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT (hereinafter called the Bank) :
WHEREAS, pursuant to the development credit agreement between
the Borrower and the International Development Association (hereinafter
called the Association) dated May 31, 19632, the Association is assisting in
the financing of Stage I of the Seyhan irrigation project, as therein described;
WHEREAS the Borrower has requested the Bank and the Association
to assist in the financing of Stage II of such project; and
WHEREAS the Bank and the Association have agreed to make available
to the Borrower an amount in various currencies equivalent to twenty-four
million dollars ($24,000,000) to assist in such financing in the form of a
loan in various currencies equivalent to twelve million dollars ($12,000,000)
made by the Bank and a development credit in various currencies equivalent
to twelve million dollars ($12,000,000) granted by the Association (hereinafter
called the Credit), on the terms and conditions set forth hereinafter
and in the development credit agreement between the Borrower and the
Association of even date herewith (hereinafter called the Development
Credit Agreement 3 );
Now THEREFORE the parties hereto hereby agree as follows
Article I
GENERAL CONDITIONS; SPECIAL DEFINITIONS
Section 1.01. The parties to this Agreement accept all the provisions
of the General Conditions Applicable to Loan and Guarantee Agreements
of the Bank, dated January 31, 19694, with the same force and effect as if
they were fully set forth herein (said General Conditions Applicable to Loan
1 Came into force on 17 June 1969, upon notification by the Bank to the Government of
Turkey.
2 United Nations, Treaty Series, vol. 480, p. 127.
3 See p. 219 of this volume.
4 See p. 216 of this volume.
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