DATED:
A.I.D. Loan No. 497-T-041 AMENDMENT NO. 1
AMENDMENT NO. 1 TO LOAN AGREEMENT BETWEEN THE
REPUBLIC OF INDONESIA and the
UNITED STATES OF AMERICA for
AGRICULTURE EDUCATION FOR DEVELOPMENT
-1-This AMENDMENT NO. 1 daLLtl J u ly 27, 1977 is entered into between the REPUBLIC OF INDONESIA ("Borrower" and the UNITED STATES OF AMERICA, acting through the AGENCY FOR INTERNATIONAL DEVELOPMENT ("A.I.D.11
) .
WITNESSETH:
WHEREAS, the Borrower and A.I.D. entered into a loan agreement, designated as A.I.D. Loan No. 497- T-041, on July 28, 1976, (1'Loan Agreement"), whereby A. I .D. agrct:.!J to len<l to the Borrower up to five million five hundred
thousand United States dollars ($5,500,000) to assist in financing Borrower's program to provide assistance to certain high er educational institutions within Indonesia having agricultural faculties; and
WHEREAS, by reason of recent changes in A.I.D. policies, the Borrower and A.I.D. desire to amend the Loan Agreement to reflec t such changes;
NOW, THEREFORE, the Borrower and A.I . D. agree that A.I.D. Loan Agreement No . 497-T- 041 is hereby amended ns follows :
1. Section 5.07 is h ereby modi fied to read as follows:
" SECTION 5.07. Port Charges . With respect to
-2-may otherwise agree in writing, A. I.D. will finance ninety pe r cent (90%) of such cos ts for each shipment, and ninety -ｾ ｩｧｨｴ＠
percent (98%) of such costs on any shipment under free-out terms. The remaining ten percent (10%) , or two percent (2%) of fr ee - out shipmen ts, represent port charges in Indonesia and Borrower coven ants that it shall make available foreign exchange to finan ce said port charges in accordance with
procedures which may be prescribed by A.I. D. in Implementation
ｌ ｾｴｴ･ ｲｳＮ＠ Wit h respect to commitments made a f t er the execution of this Amen dment to finance eligible oc e an f r eight costs, A.I. D. will finance one hundred per cent ( 100%) of a l l s uch cos ts i n c l uding port charges for eac h s hipment. "
2 . Excep t as h ereinabove expres s l y amen de d, t h e Lo .. m Agreement remain s i n full force an d ef f ec t i n a c cordance
with al l of i t s ter ms .
IN WITN FS S WHEREOF, the Borrower an d t he Un ited States of Ameiica, eac h acting through its respective duly authorized r ep r esentative , have caused t h is Amendment No. 1
to be signed in their names an<l delivered as of the day and yea r fir s t above written.
UN ITED STATES OF AMERICA
Signed By;
S • J • Li t -t -..i ... J}--r--ie_l_d- ,- -
-;-...---Ac ting Director
USAID Mission to Indonesia
REPUBLIC o,F/INDONESIA
Signed
By : ________ ｾＭＭＭＭＭＭＭＭＭｾ＠
