Treaty Series Recueil des Traites - United Nations Treaty Collection

304 United Nations - Treaty Series 1969
services included in Category I of the Allocation of the proceeds of the
Credit referred to in Section 2.02 of this Agreement; and
(ii) the equivalent of the following percentages (or such other percentages
as the Association may from time to time determine) of such amounts
as shall have been paid (or, if the Association shall so agree, shall be
required to meet payments to be made) for goods or services included
in the following Categories of the allocation of the proceeds of the Credit
referred to in Section 2.02 of this Agreement
Category II (a) - 20 %
Category II (b) - 13 %
Category II (c) - 55 %
Section 2.04 (a) No withdrawals from the Credit Account shall be
made under Category I of the allocation of the proceeds of the Credit referred
to in Section 2.02 of this Agreement on account of payments in the currency
of the Borrower, or for goods produced in, or services supplied from, the territories
of the Borrower.
(b) It is hereby agreed, pursuant to Section 5.01 of the General Conditions,
that withdrawals from the Credit Account under Category II of the
allocation of the proceeds of the Credit referred to in Section 2.02 of this
Agreement may be made on account of payments made prior to the date
of this Agreement but on or after April 1, 1969.
Section 2.05. The currency of the United Kingdom of Great Britain
and Northern Ireland is hereby specified for the purposes of Section 4.02
of the General Conditions.
Section 2.06. The Borrower shall pay to the Association a service
charge at the rate of three-fourths of one per cent (% of 1 %) per annum on
the principal amount of the Credit withdrawn and outstanding from time to
time.
Section 2.07. Service charges shall be payable semi-annually one
June 15 and December 15 in each year.
Section 2.08. The Borrower shall repay the principal amount of the
Credit withdrawn from the Credit Account in semi-annual installments
payable on each June 15 and December 15, commencing June 15, 1979 and
ending December 15, 2018, each installment to and including the installment
payable on December 15, 1988 to be one-half of one per cent (3/2 of
1 %) of such principal amount, and each installment thereafter to be one
and one-half per cent (1% %) of such principal amount.
No. 10094