Treaty Series Recueil des Traites - United Nations Treaty Collection
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Treaty Series Recueil des Traites - United Nations Treaty Collection

Treaty Series Recueil des Traites - United Nations Treaty Collection Treaty Series Recueil des Traites - United Nations Treaty Collection

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356 United Nations - Treaty Series 1969 Section 5.08. The Loan Agreement and the Bonds shall be free from any taxes that shall be imposed under the laws of the Borrower or laws in effect in its territories on or in connection with the execution, issue, delivery or registration thereof, and the Borrower shall pay all such taxes, if any, imposed under the laws of the country or countries in whose currency the Loan and the Bonds are payable or laws in effect in the territories of such country or countries. Section 5.09. The Borrower undertakes to insure or cause to be insured the imported goods to be financed out of the proceeds of the Loan 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 Borrower to replace or repair such goods. Article VI REMEDIES OF THE BANK Section 6.01. (i) If any event specified in paragraph (a) or paragraph (b) of Section 5.02 of the Loan Regulations shall occur and shall continue for a period of thirty days, or (ii) if any event specified in paragraph (c) of Section 5.02 of the Loan Regulations shall occur and shall continue for a period of sixty days after notice thereof shall have been given by the Bank to the Borrower, then at any subsequent time during the continuance thereof, the Bank, at its option, may declare the principal of the Loan and of all the Bonds then outstanding to be due and payable immediately, and upon any such declaration such principal shall become due and payable immediately, anything in this Agreement or in the Bonds to the contrary notwithstanding. Article VII EFFECTIVE DATE; TERMINATION Section 7.01. The following events are specified as additional conditions precedent to the effectiveness of this Agreement within the meaning of Section 9.01 (b) of the Loan Regulations: (a) that the conditions precedent to the effectiveness of the Development Credit Agreement shall have been fulfilled, subject only to the effectiveness of this Agreement; and (b) that the Borrower shall have employed the consultants referred to in Section 5.01 (f) of this Agreement. No. 10096

1969 Nations Unies - Recueil des Traitds 357 Paragraphe 5.08. Le Contrat d'emprunt et les Obligations seront francs de tout imp6t per~u en vertu de la l~gislation de l'Emprunteur ou des lois en vigueur sur ses territoires, lors ou h l'occasion de leur tablissement, de leur 6mission, de leur remise ou de leur enregistrement, et l'Emprunteur paiera, le cas 6chdant, tout imp6t de cette nature per~u en vertu de la l6gislation du pays ou des pays dans la monnaie desquels 'Emprunt et les Obligations sont remboursables ou des lois en vigueur sur leurs territoires. Paragraphe 5.09. L'Emprunteur assurera ou fera assurer les marchandises import6es financ6es l'aide des fonds provenant de l'Emprunt contre les risques de mer, de transit, etc., inh~rents h l'achat et au transport desdites marchandises ainsi qu'.h leur livraison sur le lieu d'utilisation ou d'installation; les indemnit~s stipuldes seront payables en une monnaie librement utilisable par 'Emprunteur pour remplacer ou r~parer lesdites marchandises. Article VI RECOURS DE LA BANQUE Paragraphe 6.01. i) Si Fun des faits spcifi6s aux alin~as a ou b du paragraphe 5.02 du R~glement sur les emprunts se produit et subsiste pendant 30 jours, ou ii) si l'un des faits sp6cifi~s b l'alin~a c du paragraphe 5.02 du R~glement sur les emprunts se produit et subsiste pendant 60 jours . compter de sa notification par la Banque h l'Emprunteur, la Banque aura h tout moment, tant que ce fait subsistera, la facult6 de d6clarer imm6diatement exigible le principal non rembours6 de l'Emprunt et de toutes les Obligations, et cette declaration entrainera 'exigibilit6 du jour m~me oil elle aura 6t6 faite, nonobstant toute stipulation contraire du present Contrat ou du texte des Obligations. Article VII DATE D'ENTRfE EN VIGUEUR; R SILIATION Paragraphe 7.01. L'entr~e en vigueur du present Contrat sera subordonn~e aux conditions suppl~mentaires suivantes au sens de 'alin~a b du paragraphe 9.01 du R~glement sur les emprunts : a) Les conditions n~cessaires h l'entr~e en vigueur du Contrat de credit de d~veloppement auront 6t6 remplies, sous reserve seulement de 'entr6e en vigueur du pr6sent Contrat; et b) L'Emprunteur aura effectivement engag6 des consultants pr~vus h l'alin~a f du paragraphe 5.01 du present Contrat. No 10096

356 <strong>United</strong> <strong>Nations</strong> - <strong>Treaty</strong> <strong>Series</strong> 1969<br />

Section 5.08. The Loan Agreement and the Bonds shall be free from<br />

any taxes that shall be imposed under the laws of the Borrower or laws in<br />

effect in its territories on or in connection with the execution, issue, delivery<br />

or registration thereof, and the Borrower shall pay all such taxes, if any,<br />

imposed under the laws of the country or countries in whose currency the<br />

Loan and the Bonds are payable or laws in effect in the territories of such<br />

country or countries.<br />

Section 5.09. The Borrower undertakes to insure or cause to be insured<br />

the imported goods to be financed out of the proceeds of the Loan against<br />

marine, transit and other hazards incident to acquisition, transportation<br />

and delivery thereof to the place of use or installation and for such insurance<br />

any indemnity shall be payable in a currency freely usable by the Borrower<br />

to replace or repair such goods.<br />

Article VI<br />

REMEDIES OF THE BANK<br />

Section 6.01. (i) If any event specified in paragraph (a) or paragraph (b)<br />

of Section 5.02 of the Loan Regulations shall occur and shall continue for<br />

a period of thirty days, or (ii) if any event specified in paragraph (c) of<br />

Section 5.02 of the Loan Regulations shall occur and shall continue for a<br />

period of sixty days after notice thereof shall have been given by the Bank<br />

to the Borrower, then at any subsequent time during the continuance thereof,<br />

the Bank, at its option, may declare the principal of the Loan and of all<br />

the Bonds then outstanding to be due and payable immediately, and upon<br />

any such declaration such principal shall become due and payable immediately,<br />

anything in this Agreement or in the Bonds to the contrary notwithstanding.<br />

Article VII<br />

EFFECTIVE DATE; TERMINATION<br />

Section 7.01. The following events are specified as additional conditions<br />

precedent to the effectiveness of this Agreement within the meaning of<br />

Section 9.01 (b) of the Loan Regulations:<br />

(a) that the conditions precedent to the effectiveness of the Development<br />

Credit Agreement shall have been fulfilled, subject only to the effectiveness<br />

of this Agreement; and<br />

(b) that the Borrower shall have employed the consultants referred to in<br />

Section 5.01 (f) of this Agreement.<br />

No. 10096

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