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
380 United Nations - Treaty Series 1969 tions thereof (said Development Credit Regulations No. 1 as so modified, being hereinafter called the Regulations) : Paragraph (b) of Section 5.02 is deleted and the following provisions is substituted therefor : "(b) A default shall have occurred in the performance of any other covenant or agreement on the part of the Borrower under the Development Credit Agreement or the Loan Agreement or the Bonds provided for under the Loan Agreement." Section 1.02. Unless the context otherwise requires, the following terms wherever used in this Agreement shall have the following meanings : (a) The term "Loan" means the loan provided for in the Loan Agreement. (b) The term "Loan Account" means the account established pursuant to Section 2.02 of the Loan Agreement. Article II THE CREDIT Section 2.01. The Association agrees to make available to the Borrower, on the terms and conditions in this Agreement set forth or referred to, a development credit in an amount in various currencies equivalent to two million nine hundred thousand dollars ($2,900,000) Section 2.02. (a) The Association shall open a Credit Account on its books in the name of the Borrower and shall credit to such Account the amount of the Credit. (b) The amount of the Credit may be withdrawn from the Credit Account as provided in, and subject to the rights of cancellation and suspension set forth in, this Agreement and the Regulations and in accordance with the allocation of the proceeds of the Loan and of the Credit set forth in Schedule 1 to this Agreement, as such allocation shall be modified from time to time pursuant to the provisions of such Schedule or by further agreement between the Borrower, the Association and the Bank. Section 2.03. (a) The Borrower shall be entitled to withdraw from the Credit Account in respect of the reasonable cost of goods required for the Project and to be financed under this Agreement: (i) such amounts as shall have been paid (or, if the Association shall so agree, shall be required to meet payments to be made) in currencies No. 10097
1969 Nations Unies - Recueil des Traitds 381 et leur reconnaissent la m~me force obligatoire et les m~mes effets que si elles figuraient intdgralement dans le prdsent Contrat, sous reserve toutefois des modifications ci-apr~s : L'alinda b du paragraphe 5.02 est remplac6 par le texte suivant
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1969 <strong>Nations</strong> Unies - <strong>Recueil</strong> <strong>des</strong> Traitds 381<br />
et leur reconnaissent la m~me force obligatoire et les m~mes effets que si<br />
elles figuraient intdgralement dans le prdsent Contrat, sous reserve toutefois<br />
<strong>des</strong> modifications ci-apr~s :<br />
L'alinda b du paragraphe 5.02 est remplac6 par le texte suivant<br />