Selanjutnya

A.I.D.

Loan

No. 497-H-022

LOAN AGREEMENT

BE'IWEEN

THE

GOVERNMENT OF INDONESIA

THE

PERUSAHAAN

LISTRIK JiEGARA

AND THE

Section· Number

ARTICLE I

SECTION l. l. SECTION 1 . 2. ARTICLE II

SECTION '2 .1. SECTION 2 . 2 . SECTION

2. 3.

SECTION 2 .4.

ARTICLE III

'SECTION 3.1.

SECTION

3.2.

SECTI ON

3. 3,

SEC'rIOH

3. 4·,

SECTION 3 , 5,

SECTION 4.1.

SECTION

4.2.

SECTION

4.3 .

ARTICLE

V

SECTION 5.1 .

SEC'rION

5 .

2 . ARTICJ..iE VI

SECTION.

6 .1 .

SECTION 6 .2 .

SECTION

6. 3.

SECTION

6.4.

SECTION

6.5.

TABLE OF CON'l'ENTS

- Page ··.

The Loan

The Loan

Project

Borrower Repayment Terms and Interest

I nterest Principal ·

Application and Place of Paym,ent

Prepayment

Conditions Precedent

Condition·s Pre cedent to Initial Financing Conditions

Precedent to

Financing of Early

Procu:rement It ems

Conditions Precedent to F'inancing

Construction Service s

Termi nal. Dat e s f or Fu.lf Lllment of

Condit ions Precedent

Wotit'ication ｾＩｦ＠ Meeting of Conditions

Precedent

Dj_sbursements

Rel1uests for

Letters

of Commitment Other Forms of Di s burs ement

Terminal nate fo1, Request::>

for

Commitment Documents a nd for Di sbµrsements

Particul;ax Covenants and Warr anties Concer11ing the Project

Borr ower ' s

Covenants

ｂ･ｮ･ｾ ｩ ｣ｩ｡ｲｹ Ｇ ｳ＠

Covenants

General Covenants,

Warranties

and

Agreements

Utilization

of

Eligible Items

Inforr.iation and Marking

Wotic-e o:f Material Developments Inspecti ons

'l'axes and' Duties

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. ,.AR'rICLE.

VI, continued

SECTION

6.6.

S:EC'l'ION

6.7.

SECTION

6.8.

SECTION

6.9.

SECTION

6.10.

SECTION

6.

D ..

ARTICLE VII

SECT:[,ON

7. 1.

SECTION

7 . 2.

$ECTION

7 , 3.

SECTION

7.4 .

SECTION

7 ,5,

SECTION

7.6 .

SECTION

7,7 ,

SECTION

7.8 .

ARTICLE VIII

.SEC

1

r ION

8 _.1.

SECTION

8 ..

2 ｾ＠

SECTION

8. 3.

SECTION

8.4.

SECTION

8 . 5,

.ARTICLE

IX

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SECTION 9.1 .

I

SECTION

9:.2.

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ARTICLE X

SECTION 10.1.

SECTION

10. 2:.

SECTION

10.3 .

· . . ｾＭＺ＠ ' .

Commiss i ons , Fees and

Other

Payme nts Henegotia tion of '.l..'erms .

Insurance ·

Local Sales Agents '

ComwJ.ssions and

Service Payments

Maintenance and Audit of Records

Repor.ts

Covenants Concerning Procurement Procur emen t .sourc'e

and Or igin

Date of Procurement

Port

Charge s

Small

l3usine.ss

Notification

Ocean

Sh:i.pment

Discrimination

in

Marine Insurance Employment

of

Contr act Personnel

United St ates

Gover nment Exces$

Property Remedies of A . I. D.

Events

of

Default;

Accel er ation

Te:rlllination of Disbursements; Trnnsfer

of Good& to A. I.D. Refunds

Waivers

Expenses of Collection

Borrowe:r Contribution to

Beneficia.t'y

Terms of

Contribution

Rate of Exchange

Miscellaneous

Des i gnation

of

ｒ ･ｾｲ ･ｳ･ｮ ｴ ｡ ｴｩｶ ･ ｳ＠ I mplementat ion Iette:i-s

Communications

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- 1 -LOAN AGREEMENT

AGREEMENT, dated the /

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day

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･ ＮＯＧｨｾｨ＠

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,

1970

oetween the GOVERNMENT OF Th"DONESIA (herefnafter called the - ''13orro-v;er".) , ｾｅｒｕｓａｈａａｎ＠ LISTRIK ｎｅｇｾ＠ (hereinafter calle'd the " Beneficiary" ), and

the IDTITED STATES ｾｆＮ＠ ｾｒｉｃａ Ｌ＠ acting through the AGENCY FOR INTERNATIONAL

D3VELOPMENT (hereinafter called "A. I. D. 11

) •

ARTICLE I.

The Loan

SECTION 1.1. The Loan . A. I.D •. hereby agrees to lend to the l:orrowe;r, for the use of :and, u.nd.er ,Section

9

.1 hereunder: to be

ｾﾷ･ｬｯ｡Ｎｮ･､＠ to the Beneficiary, pursuant to the Foreign Assistance Act of

1961 , as amended, up to thirteen nttliion eight huncl-red thousand ｕｮｩｴ･ｾ＠ States dollars

($13, Boo,ooo)

cto a ssist in financing the reasonable U!lited St.ates clolla l' costs of certain goocis and serv.ices required i'or t:ie Project as defined in Section 1.2 hereof . . Goods and services i'i!1anced herG.u.nder are hereinafter referred to as· "Eligible Iteiris,"

and the aggregate amourtt disbui·sed hereundeT is hereinafter r-e:ferred

to as "Pr incipa l.!'

SECTION 1. 2 . Project . As used in this agreement,

tae

".Project" sho.11. mean the design and construction for the rehabilitation

｡ｮｾ＠ the operation of certain facilities of the- Beneficiary in ｾｨ･＠

Me-:Ian system and the provision of technical and managetr.ent assistance

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-2-related ther eto. This shall include :

(a) the complete reho.bilitation of the electric power

distribution systems in the city of Medan , o..nd

the adjoining towns of Bindj o.i o..nd Belawrui,

in-cluding construction of a new 20 KV overhead

primary distribution system o.nd redesign of the

existing service system;

(b) the r ehnbilitation of existing dies el and ga.s

turbine generating units, and provision of needed

spa.re po.rts;

(c) the provision of o.dditional ｧ ｾ ｮ･ｲ ｡Ｎｴ ｩｮｧ＠ capacity

in the Medo.n o..rea;

(d) the provision of tools o.nd service equipment for

system operation end ｭｾｩｮｴ ･ ｮ｡ｮ｣ ｣［＠

(c) the provision of communications equipment;

(f) the provision of wo.reheusing and storo.ge facilities

for spa.re pa.rts and suitable fa.cilitics for

equipment repair a.nd t esting ; and

(g) technical end mD.l'lo.gcment ass istance (including

pa.rticip -:-nt ｴ ｾ ＺｩＮ ｩｮｩｮｧ＠ in the United States or third

country) for Beneficiary's sta.ff in its Region I ,

throughout the r ehabilitation period ,. to develop

c

Ｌ ｾ ｬｬ＠ as generally described in the request for loan of the

Government of

Indonesia dated May 20, 1970, addressed

to

the Agency for International Development , and more particularly described in the technical report entitled li'easibility ａｮＱ［ＱＱｙｾｩｳＬ＠ Medan Electric ｐｾｊｷ･ｲ＠ System Rehabilitation and Expansion, RepulJJ .. ｩｾ｟＠ of Indonesia, dated April , 1970 .

ARTICLE II.

Borrower Rep ayment Terms and Interest -·

SECTION 2.1. Int erest . The Borrower shall

pay semi-annuall;y'"

to A.I.D . in United St ates dollars on the . unpaid Principal., interest which shall accrue from

the

dates of the Tespective disbursements hereunder,

the first such interest

payment

to

be due

and

payabl.e no l ater than six (

6)

months aft er the first such disbursement on a date

to be specifie d by A. I . D. Pri ncipal tmd interest due but not paid shall accrue, inte:reBt a t the maximum

i·a.te

her eunder until fully paid.

Int e1·est shall accrue at the rat·c of two pel·cent

(2%)

per annum f-or t e n (10) ｹ･｡Ｌｲ ｾ＠ aft .er the first disour sement hereunder and at a rate of three percent

(3%)

per µ;n num the:ceaft er, computed on tbe b.cl:sis. of a

ti:rree hundred sixty- five. (365 ) day y:ear . Disbursements hereunder shal l be cleemed to occur on t he date on whic h payment by A. I. D.

is made either dire ctly to the Bor1·ower or its designee or to a ba,nki ng

institut ion pursuant to a

commitment

document.

SECTI ON

2 .2 . Principal .

Borrower

snall

r epay

the Principal

to .A.I.D . in United States dollars within forty (40 ) y ea.rs from the date

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-of first disbursement hereunder in sixty-one (61) l ev el s.emi - annual ins tallments of prindpal and interest , the f irst irlStallment t o be due e.nd pi.'j,yable nine and one-half (9 - 1/2 ) y ears after the first interest

payment i s due •

SECTION

2..3 .

Application and Pla ce of' Payment . AXl payments shall be applied first to the pa.yment of a:ny interest diJ.e and unpaid and then to the repayment of Principal. All payments shal l be made to the Controller, United States Agency for International Dev el o:pime-nt

(hm.·e inafter ca lled "USAID" ) , Djakarta, Indone sia , or t o su cb other payee or at such other add:ress as. A.I.D . may designate , and s hal l be deemed to have been paid when t here received.

SECTION 2 .

4.

Prepayment . The Borrower shall he.ve the right to prepa.y, without penalty, on any date on which interest is due , ull or any part oi' the ｐｲｩｮ｣ｩｰｾｬＮ＠ Any prepayment shall be appU.ed :ft :rst to the p(.1.ymcnt of any accrue-d and unpaid int erest and then to the remhining

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installments of Principal in the inverse · order of their

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.AR'J?ICLE III.

Conditions Precedent

SECTION 3.1 . Conditions Precedent to Initiat Financing .

Unless A. I. D. otherwise agr ees in writing, prior to the i ssuance of the first letter of commitment or ,other commitment dccwnent for fi nancing

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-consultant services the Borrower or the Beneficiary, as appropria.te , shall .furnish A.I.D ., in form and substance satisfactory to_ A.I . D• :

(a) An opinion of the Minister of' Justice of the Borrower· tl).at this Loan Agreement. has been duly authorii.ed or ra.tified by, and executed on behali' of, the' Borrower and is .a valid and legally binding

obligation of the Borrower in accordance with

its

terms;

(b) .An opinion of the principa.l legal of.ficer of the Beneficiary, or of other legal counsel satisfactory to A. I.D., that this Loan Ag1·eement has been duly authorized or ratified

by,

and executed on behalf of, the Beneficiary and is a va.lid and legally binding o'Dligation o.f the Bencficia.1'.y in o.ccordance with its ''Germs;

( c) ·1•11e names of the persons who will act as the repre-sentat:i:ves of the Borrower and the ｂＺｾ ｮ ･ ｦｩ｣ｩ｡ｔｹ＠ pursuant to Section io:, 1 hereof , if other than the persons

designa;ted in Sf;!.id Section, together with evidence

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of' their authority and a specimen signa.ture of each such

ｰ ･ｲｳｯ ｮｾ＠ ｣･ｾ｣ｴｩｦｩ･､＠ as to its authenticity by either

the persons rendering the legal opinions pursuant to Sections

3

.1 (a) and

3.

l (b) 1or the per sons executing

this

rJonn

Agreement;

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-6·-(d) A cost reimbursable contract with a consulting firm

or individual(s) . The selection of said consultant

and the terms of said contract shall be in accordance

with A.I.D. Capital Project Guidelines ;

(e) Evidence . including rui opinion of the Minister of

Just ice of Borrower ) tho.t the Beneficia.ry has legal

o.uthority to undertake promptly the ｾｲｯ｣ｵｲ･ｭ･ｮｴ＠ and

cont ro.cting for coxmnodities o.nd services necessary

for implemento.tion of thi s Project .

SECTION 3.2 . Conditions Precedent to ｆｩｮ ｯＮｮ｣ｩｾｦ＠ ｅｯＮｲｬｾ＠

Procurement Items . Unless A. I.D. otherwise o.grees in writ ing, prior

to the issun.ncc of the first letter of commitment or ot h er commitment

document for the financing of procurement (a.pru-t from consultant

services) by Beneficiexy , the Borrower or the Beneficiary, ｾｳ＠ appropriate ,

shall have met the conditions precedent in Sect ion

3.1,

and in addition

shall furnish A.I.D.1 in form nnd substc..nce s:1.tisfo.ctory to A.I.D.:

(a.)

An r-,grecment b etween Beneficiary and a. contractor for the provision of me.nngcm0nt consultn.nt servic e s o.s

required by Article , II of t he Proj ect Agreement

executed by Bcncficia.ry o.nd the International

Develop-ment Assocfo.tion (her e ina ft er 11_IDA11

) in connect ion

with the Development Credi t Agreement b etween IDA

and Borrower (Credit Number

165

IND) dated Octob er 29,

(b) A plan for utilization by Beneficiary of technical

and management assistance and training for the project.

Said plan shall include specific designation of

counter-part ｾｲｳｯｮｮ･ｬ＠ of Beneficiary who will work with

technical and management assistance ｰ･ｲｳｯｮｮ･ｬ ｾ＠ their

time availability and responsibilit y as members of the

counterpart team and their current duties ns Beneficiary

stuff members .• and designations of those who will be

r equested by Beneficiary to receive ｰｾｸｴｩ｣ｩｰ｡ｮｴ＠

training.

(c) A plan for implementation of the project , including t he

sp l:cific ;t ion of b ::.sic Rynt cm st :mdn.rds for the distri-bution systems . Sa id system stondn.rds sho.11 include

struido.rds for wiring and voltage l evels of prinmry and

s econdary lines . So.id plo.n shall outline the

3.!'range-ments mo.de for service to Belnwo.n. So.id plo.n sho.11

o.lso set forth Borrower's proj e ction for providing

Indonesio.n currency nnd foreign exchru"ige from i t s

bud.getnry sources t o Beneficinry .:is required by

Section 5.l(c) and (d) of this Agr eement.

(d) Evidence tho.t ｾ ｮｹ＠ rights of wny , right s of entry, ｲ ･ｾ ｬ＠

proper t y l co.se s or ncquisitions nece ssar y f or proj ect

implementation o.nd/or system ｯｰ ｣ｲ ｾｴ ｩｯｮ＠ ho.ve b een

obtained or pl.'.'Jls ｭｾ､･＠ o.nd fino..ncing provided ther efor.

( e ) Evidence thnt for eign cxcho.ngc ｨｾｳ＠ b een m...1.de o.vnilnblc

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-and replacement parts for rehabilitation of diesel and

gas turbine generators and related e quipment .

(f) A plan for procurement of ·equipment for the project . ··- ·

Said ｰｲｯｾｵｲｾｭ･ｮｴ＠ plan shall include evidence of provision

for ｾｴｯｩｾ･＠ including secured storage at port or other

location pending receipt of customs clearance and- for

handling

and transpo:r:tati'on

o.f

conunod.ities to project site and for ·storage at the project site . .

(g )

Procurement contracts. for equipment and materials between

B'eneficiary and a firm or f'irms , selection o:f ·which

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and the terms. of said cont1·act or contracts shall be in

accordance with A. I. D. Capit?-l Proj eGt Guidelines. SEarTON

3.3 .

Conditions Pre c edent to Financing Construction

.

Services . Unless A. I .D. othenr:Lse e.greei> in writing., . prior ·40 the issuance of lette1·s of commitment ·or other commitment documents for

construction services, the Borrower or Ben:eficia.ry, as appr0priate, shall have met the conditions precedent tn .Section

3.1

a nd

3.2,

and in addition shall fu.xnish to A. I.:D . in form and substanc·e satisfactory to A. I.D.: ..

( a) Evidence of the establishment by Benef:i.ciar:y of a reserve fund in Indonesian cu.rrency equal to ·t;he total Indones ian

cm·rency costs of the, project for the upcoming

6

months

as estimated

by the

e ngineering cons ultant, said f'unds to be r epl enished to the e.ppropria:l:;e level ｱｵ｡ ｩｾ ｴ･ｲ ｬｹＬ＠

ｾ＠

or more ofte n in the .ev e nt a ctual Indonesian cui'rency expenditures su.bstantially exceed said estimates , or such

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lesser runount as A.I.D. shall agree to in writing , which .shall be used for the execution of the pi-oject ｾｭ｣ ｬ＠ for

support of operation and maintenance f.or the "Project until the project is completed.

(b) A preliminary design for the rehabilitated electrical system which will fonn the basi s for the final design

for each .subdivision. of the' rehabilitated· system.

Said preliminary deHign shall include : .

(i) maps and diagrams showing the preliminary layout of proposed electric distribution systems ;

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(ii) detailed specif'icatfons for the indi vidua1 p1·ototype

units which ·will combine in varying quantities to form. the cons tru.cted phy"Sical plant;:

(iii)

an estimate of· the quantity of each such unit ; and

(iv) a r efined cost estimate for the Proje ct, including cost; for labor a nd materials for each prototype unit. Said cost estimate revisions

.

shall be

·.

divided into U. S. dollar and local cu.rrency.:

expenditures .

(c) A contract or contraots f or construction services

between Beneficiary and a firm or firms . The selection of .said firm or firms and the terms of s a id con'l:;ract

or contract.!$ shall be in accordance with A. I.D .. Capital Project Guidelines for construction ｳ･ｩＮｾｶｩ｣･ｳ Ｎ＠

SECTION ＳＮＱｾ Ｎ＠ Te1·1rinal D:3.i;es for Fulfillment of Conditions P.re.cedent. Except as A. I.D. may othe rwise agree in vrriti ng , i:f the conditions require d by Section 3.1 ｨｾｷ･＠ rrot been satisfied wti;hin five

( 5)

months after the date of ·execution of this Loan Ag1·eernent, or i f ·the

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3.2

and Sect ion

3.3

have not b een ｳ ｾｴ ｩｳｦｩ｣､＠

within twelve (12) months ､ｾ･ ｲ＠ the do.te of execut ion of this Loo.n

Agreement , A.I.D. mny ｾ ｴ＠ o.ny t ime ｴｨ･ｲ･ｾｦｴ･ｲ＠ terminate this Agreement

by giving notice to the Borrower c.nd to the Benefici".I'y. Upon such

ｴ･ ｲｭｩｮ ｾｴｩｯｮＬ＠ o.nd notwithsto.nding c.ny oth er provisions of this Loon

Agreement ) the Borrower shnll r ep ay to A.I.D. the unpa id Princip nl ;

if o.ny , o.nd ;:-,ny a ccrued int er est . Upon full po.yment in c.ccorda.nce

with the for egoing ; o.11 other obligc.:tions of the Borrower and A.I.D. under this Agreement shall ceo.sc.

SECTION

3 . 5.

Notificat i on of ｍ･ｾｾ ｣ ｩｮｧ＠ of ｟ｧ｟ｯｮ､ｩｴｩｾＭｾ＠

Precedent . A.I .D. shall notify the Borrower upon its detenni no.tion t hat

the conditions pre cedent specified in Sections

3.1, 3.2,

ｾｮ､＠

3.3 .

ha.v c

b een met.

ARTICLE DI.

Disburs oments

SECTION

4.1.

R_eque st s for Letters of Compij.tment ._ To

obto.in disbursements) the Beneficiary may from time to ti.me request A. I.D.

t o issue, ｾ Ｎｮ､＠ subject to the provisions of t his Lonn Agreement A.I .D. shall issue, l etters of commitment to one or more banks in t he United

Sta.tes designo.ted by the Beneficiary o.nd s o.:cisfo.ctory to A.I.D. ;

committing A.I.D . to r e imbur se such bo.nk or banks for pa.yments ma.de)

through l etters of credit or otherwise, to ｴｨｾ＠ Beneficiary or nny

des i gnce of the Beneficiri.ry , ｰｵｲｳｵｾｴ＠ to such documento.t ion or

SECTION 4.2 . other Forms Qf Disbursement. Disbursements may also be made through such other means as the Bon·ower , the Beneficiary

and A. I."D. ma.y agree 1n w1·iting .

SECTION

4.3 . .

Terminal Date for Request$ 'for Commitment Documents and for Disbursements. Except as A. I.D. may otherwi se agree

,

in writing, no letters of commitment or other commitment document s sha1-l be issued in response to r equests received by A.I.D. afte·r twenty-four (24) months, and no disbursements shall be niade against documentation received after fi:fty- nine

(59)

months , from the date of' execution of' this Loan Agreement .

( _{ARrICLE V.}

Particular Covenants and Warranties Concerni!lg the ｾｯ［ｪ･｣ ｴ＠

SEC'.rIO'J!T 5 .1 . :borrcv1e1· ' s Covenru1ts,. The .Eorrower covenants anrl agr ees that

it

shall.:

(a) take a ll necessary acti ons to permit the Benefi ciary to perfo:r-m its obligations under .Arti cle II of the

Pro,j ect Agreement between the ｂ･ｮｾｦｩ｣ｩｵＺ｣ｹ＠

and

the

.

Inte1·nati.onal Development Association within the time liwits prescribed in said Project Agreement , taking into account Borrower ' s. specific undertakings i n this regard in the Development C1·cdi t fl.greeiii.ent ｢･ｴｾﾷＱ･･ｮ＠ Borrower and the Iriternationa.l Development .Association and the general objectives stated in Section 5 . 2 ( a.) hereof';

(1) ) Take all necessary action for accomplishment of t.he

gene:ra1.-objectives stated in Section ) . 2 ( a) hereof;

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(c) make available foreign exchange to Beneficiary necessary to purchase third country spare ahd replacement parts

for rehabilitation of diesel and gas turbine- generators

and. ｲ･ｾ ｡ｴ･､＠ ･ｱｵｩ ｰｭ･ ｮｾ＠ for other spa.re and r eplacement

parts. r equired for the P:roj ect, and for

.

any foreign

ｾ＠

.exchange cost s of the Project required for completion of, and operation up to ·completion of the r ehabilitation

of the facilities. desc:r.ibed in Section .L? a bove over

and above the proceeds. of the Loan provided for herein;

( d) make available to Benefj.ciary any Indonesi an currency

necessai·y for the completion of, and oper ati on up

to

completion of the r ehabllitation of t h e fac ilitie s

described in Section 1 . 2 above;

( e ) from completion of t he rehabi litation of the .facilities

described in Section l. 2 above until such time as Beneficiary may

become an

aut onomous , non-budget supported corporation, ei:ssist t he Beneficiary in

: ··.

obtaining funds suff ici ent to ineet the operating ·and

maintenance expenses nece·ssary fo1· the effective

utiliza:bion of the r e}).abi litated Project; ·

(f) assist the Beneficiary to carry oi.tt the Project, or cause the P1·oject to be carried out, with due diligence and efficiency, and in conformity with sound

.

engi neering , construction, f inanc.ial, admini s trative ,

and ma.nagement pro.ctice s •.

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· 13

-SECTION

5

.2. Beneficiary' s Covenants . The Beneficiary covon<Jnts and agrees that it shall:

(a) Perform its obligations as prescribed in Article II o'.f the ｾｯ［ｪ ･｣ｴ＠ Agreement with the International Development

Assocj.ation and implement said undertakings withl:n the time limits ｰｾ･ｳ｣ｲｩ｢･､＠ in said Project Agreement.

In carr:y-ing out the recommcnd.ations of the ro.anagement consultants under Section 2.02(b) of the Project ·

ａｧｲ･ｾｭ･ｮｴ＠ with the Int ernationa l Development Association;

Beneficiary agrees to the following general objecti ves

th<:1.t

should govern Beneficiary's organization, structure,

. ｡ｵｴｨｯＱｾｩｴｹ＠ and operations q..Ud ＮＺｦｾｲｴｨ･ｲ＠ agre.es tha.t Benei"iciary ' s

program to implement the. reconunendat:L<?ns of ｴｾ Ｑ ･＠ mO.l'.lage:ment consultants as r ·equired by Sectio.n 2 . 02 (b) of that ag:ree-ment shall be in accordance with the' objectiven hereaf'-ter set :forth

and

that sai<i program shall be as Borrower ,

' ··.

Beneficiary and. A.I.D. shall consider appropriate :

(i)

A revisecl schedule of electricity tarif'.fs end charges

ｾ＠ • fixed. at such l evels ais should proviQ.e Beneficiary with revenue suffici ent (a) to cover all its opera.ting exprmses , including administration a11d overhead ex-pens.es , maintenance, dep1·eciati on , and taxes ,, and interest on, and to the extent i t exceeds depreciati:on, runortiz;ation of ､｣ｾ｢ｴ＠ ,. and (b) to p:rovide a reasonabl.e

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return on its assets and to finance a. reasonable portion of it s caJ?ital _expenditlll'es.;

(ii) A revaluation of Beneficiary's fixed assets in

ｾＮ｣｣ｯｲ､｡ｮ｣･＠ ·with sound 11ublic utj_lit:y- practice; (iii) Full and exclusive responsibiH.ty vested in

-Benefici?XY for the

.pubiic

electr i c _power

sector

o:f' the Borrower,

including planning,

procureme11t,

construction, operation, maintenance and owner-ship of' all facilities therein;

(iv) Management 0rgani:zat ion and

employmeut

ｰｾ｣｡｣ｴｩ｣･ｳ＠

including

s.taffing patterns , sala ry

structure

and

ｾｭｰｬｯｹ･･＠ qualifications , in accorda.n.ce with sound.

public utility- practice ;

(v ) 0-perating practices, including records, accow1ting

systems , billing and collection

proced.ures , financial

planning and administration_, irum.:cance, repair a..11d

. ,.·

maintenance. procedures , and procedure"S.for systems operations , all in accordance with sound public

,- utility p1'actice ;

I

(vi) Stand.m:ds for the ele ctric power system.

including stanc1ards f'or equipment , materials, constrncticn, and

operation and

maintenance

in

accordance· 1-rith sounrl public utility practice ;.

(b) establish connection fees for all future service witltln the project a1·ea that will encourage increased con-sum.ption of electricity;

.

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. (c) maintai'.'l the, basic system standards for t_he ＼ｬｩｳｴＮｲｩ｢ｴｲｾｩｯ ｮ＠

syster.1.s required b,y Section J.2 ( c) of this ａｾｲ･ｴＪｬ･ｮｴ［＠ ·

'

(d) · replenish the Indonesian currency reserve fund required in Section

3.3(a )

hereof whenever necessary to maintain said fund .at the level set forth in Section

3.3.{a)

hereof;

-(e)

carry out the Project,, or cause Ａｾｨ･＠ Project . to be carried ｯｵｾ＠ with due diligence and efficiency, and in conformity with

sound engineering, construction , fi.nancial, adminis trative_

and management practices ;

(f)

submit all plans, specifications, contracts, schedules and engineering, construction or proci.trement arrangements for the Project, and all modifica tii.0ns thereof to A .I.D.

as r.ie.y b e required by A.I.D . under thi.s J,oa:i. Ae;ree'l:ent or in

. Implementnt ton I.etters, for its approva 1 p1'ior t0 their

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implementat i on and within the time periods establi3hed in Section

3

Ｎｬｾ＠ l'.e.reof; and carry out the Project

.or

caus e the

Project to be ,carried out in con'formity therewitn;

-(g)

adequately maintain, repair and operate, in a ccordance with

sound public utility practice, all Eligible Items, and. any

constructed facilities r es ulting from their use.

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- -16

ARTICLE VI .

· G;.;:nera.l ｃ ｯ ｶ･ＱＱＰＮｮｴｳ Ｌﾷ ｮｯＮｲｲ｡Ｎｮｴｩ ｾｳ＠ c.nd Agr eements

Ｍ Ｍ ｾ＠

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·SECTION

6.1.

P"t i li zc.tiori of Elig ible ｉｨ ｾｭｳ Ｎ＠ .All ｅｬｩｾｩｬＮＺ＾ ｬ ･＠ I tems sh'.:'.ll b e used exc lusively in currying out o.nd opera.t ing thi:? Project . This res ·i:ric t ion sho.11 apply Ｐｴｾｬｹ＠ until such time o.s such goods ca.n no l onger be

.

,

user'ully cmploye_d "for the Project, provided that no goods fino.nced !_l.;:?r eunder ·sho.11 be exported from t he Ropublic of Indon esia. wit hout the prior written.

ｮ｟ｰｰｲｯ ｶ ｯＮ ｾ＠

cf

A.I. D., o.nd provided further tho:t

no

Eligible I tems sh::i.11 o:c

O.ny .

'ti!llG be used to pro.r.iote or .o.ssist nny project or actiirU;y o.ss.ocio.t.:xl .with or fine.ne ed b y nny country not ｩ ｮ ｣ｬ ｵ｣ｬｾ､＠ iL'\ ｃＭＺＺ､ Ｑｾ｟Ｙ ＳＵ＠ of the A.I.D. Ge':1gro.phic

Gc·dt! BDok n.s in eff oct n.t the time of such projected use except with ｴｨｾ＠

; rior wr i tten

consent

of

A.I.D.

SECTION 6.2 . I nforr:.o..th"'n n.n<1 Ａｾ＠ The ｂ｣ｵ｣ｦｾ｣ｩｯＮｲｹ＠ sho.11 ｾ ｩｶｯ＠ publicity

to the l o.:in

provided f c1r ｨｾｲ･ ｩ ｮ＠ Clnd t h0 Proj ect D.s o. ｰｲｯｧｲＺＮｵｾ＠ uf

U:iitc-d Sto.t1.::s ｡Ｎ ｩ､ｾ＠ ic1entify the Proj iJct si"tl::l:. o.nd o.'.1rk soo<ls fin:J..nc ed under s uch l oo.n . o.s pr;,:scrib\:?d i n ｉ ｮ ｰｬ ･ｭＮｾｮｴ｡Ｎ ｴｩ｣ｮ＠ ｌ｣ｴｴｾｲｳ Ｎ＠

SECTION

6 . 3.

Net i c e of Mn.forio.l D0vel optK.:nts . The ｂｴｾｲｲｯｷ･ｲ＠ o.nd the ｾｲＮｾ ｦｩ｣ ｩｯＮｲｹ＠ .ho.ve disc los ed to A.I.D . a.11 circoosto.n.c0s which my mtDrio.l ly affect the- Pro ject· ct th8 discharge cf t ·heLr obligati on s under this k ;an

｟ ａｧｲｾ ﾷ｣ｲＺ･ ｮｴＬ＠ a.nd. sha.11 ·ini'orr1 A.I.D . .of any condHions which ooy con stHutc o.

d0fc.ul.t

4eruunder

or which intarfere ｾ＠ or wh ich l t is rca.sonabl e to ｢ｵｬ ｩ ｾｶ･＠

r.:.n.y ｩ ［Ｚ［Ｎ ﾷ ［［･ｲｦｯＱ ﾷ ＮＺ ＿ｾ＠ with the Pr0jec·t or the dischD.r!Je C;)f o:ny uf their obligo.tiohs

ＡＺｬ･ｲ･ｵｾＺｬ･ ｲＮ＠

SECTION

6.4..

ｉｮｳｰ･｣ ﾷ［ ｾｩ ｯｮ ｳＮＺＮＮ＠ The o.uthori:-z1;Jd. rep:rcs cata.tives of A. I. D. sho.11 h'.l.Ye tho right o.t o.11 rco.scm:::.blc tiflcs ｾ＠ whethe r prior tu cc:rrpletion of t hu Pr·.:; ject or $U'oseq_u.ent ｴｨｾｲ･ｴｯＬ＠ · t o ｩ ｲｾｳｰｾ｣Ｍｴ＠ t ho Prc'j ect, ｴｨｾ＠ u.tiliza.ticin

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ｾｾｨ･＠ ｢ｯｾｫｳ＠ anll reccrds referr.;.l tu i u S.:.->et,ion 6.lO .

'

.

Beneficinry shall ｣ ｯｇ｟ｰ｣ｲＮｾｴ ･＠ with A. I. D .. ｴＺ Ｚ ｾ＠ facilit.'.l.be s uch iaspe€'.!tions o.nd shall o,fford l\ reo.sono.ble opportunity frJr o.uth;.;rizcd rcpresento.tives 'U f A.I.J).

.

,

to visit o.ny ｰｾｲｴ＠ of th'.'!· Republic of Indonesia. f-ur o.:w purpuse ｲ･ＮｬＮＧＮｬＮｾｾ･｣ｬ＠ to the

l oan ｊ＿ｲｯｶｩｾｬ｣｣Ｑ＠ f\>r hcr0in .

-SECTION

6.5 .

To.xes o,ncl Duties . The ｂｾＧｲ ｲｇ ｈ･ｲ＠ cc.N\:?D.O.P.ts a.net agrees

.

-tha. t this L··.:an Agr0eocnt o.nd th0 l •.10.n i.)r;:;v i d.Ed for hen?in sho.11 be ｦｲＬｾ･＠ froa> a.ad the Princi._po.l am:l interest sho.11 1)c:: pc.id _to A.I. D. ｷｩｴｨ･Ｎｭｩｾ＠ d e-luctivn f0r o.nd fro a fr cD) a.ny tn.xn.tion :.;;r fl!es i D.pose'-l iJ.r!dur o.ny l o:ws c-r d ocreos

in

!,,r p ::i.y:_1.bJ.e shaD . ｨｾ＠ reiobursecl b y the B-:.:rl'()W.Jr . ｔｨｾ＠ i nf)crt:lthm o f a.ny Elig iblo It<:rlS, i ncluding the p r1;v i s icn of s c rvic<.::s ｳｨ ｣ ｾＱＱ＠ be ｦｲ ＮＺｾ＠ fr o.:i ｾＱ Ｑ＠

SECTION

6.6 .

｣ｾ ＺＮ ｲｊＺｬｩ ｳ ｳ ｩ ｣ Ｑ ｮｳＬ＠ Faes .'.l.l:.tl Ot her Pa.yn2nts . Ｇｬ Ｇｬ ｾ＠ J3;.;rr•.)we r

･ｮＧＮｾ＠ -chc Bcncfic i:1ry wurrur::t ·a.nd .ccNennnt tho.G in cotmi:!ction wit h u b t a.i ning

t.hc ｬ ｾ ｡ｮ＠ ｰｲＮＺ［ｶｩ ｴ ｬｾ､＠ f'cr ｨ ･ ｲｾｩｮ＠ or ｴｾ ｫｩ ｮｧ＠ a.ny a.ctitx1 und<Jr ·ex "vlith r e spec·t to this L_1a.r. Agreer:.:ent they ho.vc · not p:.'1.id o.nd

wili

not p a.y 0r n.grec t u ｰｬＺＧＮｾｲＧ＠ net'

t:..: ·che be st c,f ﾷｾｨＰｩＱ＠ :m-..;wl0c1ge ho,s there b e ien l,)O:id or wi ll th0r1C? be po.id e;r

ag.r(:'!ed to b e p.'.J.id by c.ny v thcr r;ers0n c:r e<Tcit.y. c c.r.1nisic t'1.s , f'ee.s ::;r 0th0r _r;n7:.:mlt s .. -_,f mw ｫｩｮ ＺＺＮ Ｑ ｾ＠ 13XCtipt o.s regu.l o.r c.unpensc:t :h.:n to ·;;he B .:r n .. '/Eer 's er

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pc.rty or of which it ho.s kn:.mlcclge ( io.:]ic:.:i:Ung whct;he.r such ｰＮｾＮｹｲｊｾｮＭｩ［＠ has ｢ｾＨｭ＠ DD:.lc e r i::i to be i.:·,a.J.o en a. con·i;iugent oc.s is), ｾｮ､＠ if the

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o.cc.mnt of :1ny such ｬｾｯＮｹｩＺｩ｣ｭｴ＠ is dt.:cn.:?d. unroo..sono.ble by A . I. D. ｾ＠ the :ft?Ur-c·' con-ccrn0<.1 sho.11 ca.use o. ｲ･｣ｬｵｾｴｩ ＭＺＺＺＮｮ＠ s::i.tisfc.c'l".:Jry to A.I.D. tu be ®de t herein.

o.ny tiae or t ines when it is ｲｾｧ｟ｵｩｲ｣､Ｎ＠ to c19, so by A.I . D. > but uo·f; sooi.1cr tho.n

six

(6 )

nunths r;rior to the do.to the;.· tfiri;t re_pa.yncnt of '.Principa.1. is duo, 'it

will neeotic.tc with A. I.D. with respect to o.ccclcrntion of the re-i_Xly-...icnt of

Principal by the Borr.ewer. It ·is .agrcc1 tho..t the B;:n·rowcr o.nd A.I . D. sho.11

nutU.'.llly dcter;-.1ine to what cxt'ent rcpaycont of ｳｵｾｨ＠ P-.cincip::-.l st.1.:ruld. be

c.cc-clcrc..ted on the basis of one or DOrc of the ＺＧｯｬｬ Ｐ ｗｩｴＡｾ＠ criteria£_ (;\) nignifico..nt i.r:1_provcGcn'.; in the ｩｮｴＮ｣ｲｮｾｬ＠ eccn00ic

-( b) fo.vorc.blc txencls i t'l. tho Ｍ｢ｬｬ ｬｬＺＮ ｾＱ ｣｣＠ of l)O.ynents ru-..d

:forciBn cxcha.n(Sc holdings of the Republic of Ｎｉｮｴｬ｣ｲｾ･ｳｩｮ ［＠ ( c) o.bili ty 0f the ｒ｣ｾｭ｢ｬｩ｣＠ o:t' I11'lcues io.

t·J.

·i::::ekc future

rcpo.yr..-..cnt of A.I.D. l oo..i'is ｷｾｴｨﾷＩｵｴ＠ ｩｯｴ･ｲｦｾｲｩｴｾ＠ with the_

.

service

of

-:1obts owing to ｮｮｾｹＭ Uni tocl States (}....;i/"-crcllie•i-c

-

ngency or u.ny intc1·no.tionnl ｯｲ･［ ｾ ｮ ｩｺｯ ＮＭ｣ ｩｯ｡＠ of which the

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United. ·states is il.

ncnbcr.

SECTION

6.8.

I ns uro.Q2£:.. Bcncfici::i.i.·y cove•10.nts tbut it -iiill rJO.il1l.--tcin ｬ ｾｲｵ､･ｮｴ＠ insuro.nce .COV8:VO.(!;C issuecl by !'CSJ)Ol1Sj_ble

underwritcn:s

in sucn

I •

ru::ouuts :ind. against such risks o.s is ｣ｯ｡ｳｩ､･ｲｾ､＠ to be ｩｾ＠ ｡Ｎ｣｣ｯｲ ｣ Ｑ｣ＮＮｮ｣ｾ＠ 1'Tith

'

g-Jocl. ｣ｯｲＺＮｩ ｾ｜･ｲ ｣＠ io.1 pr

no-Glee.

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SECTION

6.9.

Local Se.le:a ｩ｜［ｾ｣ｮｴｳ＠ 1 Cl r.:.tnss i '.)<1s nr::1 S(!rvicl3 Payncnts •.

'Iho B.:mcficic.ry a3r.ce:s that c cL'l::lissions ::.:rr-1. IJ.ervic o l-D..yr.:ents ｴｾ＠ l .:ico.l soJ.cs ugcnts a.re not Eligible -Iteos mvl theref ore will not be ｦｩｮ｡ＮｾＱ｣｣ＺＮＺＮｬ＠ under the

..

Loan, c.nc1 tho.t it will o.pply such r ules a.n.d proeejurcs witli respec t thereto

as A.I.D. uny l_)rcscribo ｩｾｬ＠ Il:iplenentc.ti11n Letters.

SECTION

6

.10. M::tintcnn.nco o.nd Au:.U.t cf Rccori1S. The Bcncfici.::i.;ry . shc..11 ne.ii1tcin, or ca.use to be rx..into.ine<'l., in o.ccorf.1.a.ucc with scun(l accounting principles o..nd practices consistently appliQu, bcoks c.nd records rcla.tioe; ·

both to the Project c.:-id to this Lcc..n AgrceD.:;nt. Such books n::id 1·ecords shall,

'Without linita.tion, be ｾＯｉＮ･ｱｵ｡ｴ･＠ to show :

( v.)

tho recci1)t nn:-l use r.w.Jt') of EliBi blc I tens; (b) the progrGss nf the Project;

( c ) current <k1:ca. covci..'ing 0r;ero.tion; o..ud

( cl ) f it:o.ncicJ_ cor:d:Lticu of the ·Boncficio.ry .

Such books o.nd. roccrc1.s sho:ll be ｲＰ ［Ｂ ｾｵｬ｡ｲ ｬ ｹ＠ o.udi tc:l by i nd13pcndent certified r;ublic a.ccout').ta.nta, in nccordauco with sound a.u::U:chig s to.'1d.0:rcls, o-;-i c.n ｾｭｮｵ ＺＺｩＮ ｬ＠

b.:lsis or for sq,ch p ..=!ricd a.n•:1. at su.ch i ntervo.ls o.s A.I.D. n:i.y. ·rug_t\:l.rG) o.nd shc.11 be m i nto.incd ' fQr fivc .ycD.rs after the c.C.tc of the la.st ::lisbu.:rsei:ient

by 1\..I.D. or uu.til ull suns due J\. I.D . un.:J.cr this Loo.n Agrecnent have been pnid ｾ＠ whichever ｾ Ｑｬ｜＠ te shall first occur. ·

SECTION

6

.11. Rc12•)r·cs ｾ＠ The Borr!Jwcr m1d the Beneficiary will furr:ish A. I.D. wi t h such inforr.ul.tio,1 o.;.id r cric rts r clatine to the Project, Elie;iblc I tc.os, a.n::l the l oo.n .!_",tcividc;:1 f or her.e in o.s A. I . D. r:ny r ew.scno.bly

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ARTICLE VII.

Covi:mnnts ConcQrning Procurc=mcnt

SECTI<:)N 7 .1. Procurement Source ｾＮｮ､＠ Origin . Except as A. I.D.

may

otherwise agree

in writing, all

Eligible

Item.s,

including

tr::tnsportation

services and m;;trine iflsur·ance,

shall have

both

their

source and origin in the United St.'.l.tes.

Tra.nsport8.tion

services shall be deemed to ha.Ye their source and origin in the United

States

if p1'ocured from

o..

t'nited States· .fl ug carrier.

Marine insurance shall

be

deemed

to

have i ts s6urce ｾｮ ､＠

origin in

the United B to.te s if issued i.n the United St,'ltes by a company authorized to do a. ma.rine insurance busincs-s in any sto.te of the rnited Stn.tes . All other goods and services obtained for the Proj ect , except tro.nsporto.tion services or o.s

A.I.D.

mn.y

otherwise

agree i n writing, sh.'.l.11 have their source and or:..gin

in.

countries included in Cocle·

935

of the A. I.D, ｇ･ｯｧＬｴＢｅｲｰｨｾ｣＠ Code: Book as in effect at the time such goods or services are procured. · All EUgible Itanm . sha.11. \ie trr.tnspo.rted to Indonesia on carriers of countri8s include<i in t\a.e so.id Code·

935

as in eff'ect a.t the time such transportation is procured . This covenant

nhnll be con.s

·brued

in uc-cordance

with A . I.D. regulations, as from time to . time amended .

ｓｅｃｔｐｾｎ＠ 7 .2. Dnte of Procurement . No goods or services may be

finr.mced bereunder

which

arise ·out of orders or contra.cts firmly placed or entered

into

prior to the date of this Loan Agi:eement_, except· as A. I.D. may other'i·ris e a.g-..cee or .have a.greed. in vn·i ting .

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7. 3.

Port Choxges. With :respect to trnnsportrrtion services that constitute Eligible Items, A.T.D. wil-1 finance Under the Loan ninety percent

(9Cffo)

of a.;l..l ocean freight costs of en.ch shipment, and

ninety-eight

:percent

(98%)

of

ﾷ ｳｾｾｨ＠ costs on o.ny shipme nt under free-out terms . The

;,·emaining ten percent (10%) ｾ＠ or two percent (2'/a) of free-out shiprnents,

repre-sent

port cha rges in Indonesia.; and ｾｯｲｲｯｷ･ｲ＠ covenants

that it shall make

uvailll.ble foreign exchange to finance sai.d port charges in Jtccordance with such rules a.nd procedures a.s A. I.D. may prescribe in Implementation I,etters .

.

.

SECTIQN

·7

ＮｬｾＮ＠ Small Business Not:lficn.tion . In order th11t American s mall busines s sha ll ｨ ｡ ｶｾ＠ the ·opportunity to p.1rticipa.te in furnishing

Eligible ｉｴ･ｲｮ ｾ ｬＧＬ＠ Beneficiary or Borrower, as a:pp1'opria.te, shall, at such time prior to ordering or contracting for any Elig ible Item estimated to cost I:.ore th.c.n the equiva l ent of ｆＱｾ･＠ Thoun:ind United Stutes do llfil'S (

$5 ,

000) D.S

ａＮＮｉＮｄｾ＠ mD.y spec ify, cause to be r.ecei.ved b y A.I.D . such info.r1:iation concerni ng

Eligible Items as A .. I.D. may r equire .

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cc:rri0rs ｾ＠ (1.ry .curao li ners, ｯＮｾｋＱ＠ t6.nkers) which sho.11 :)e ｴ ｲ ｯＮｮｳ｟［Ｎ＾ｯｲｴ･ｾＱ＠ on ocenn v'essc.ls shc..11 1Je tro.nsported o n J?Tivo.tcly owne,1 'United Sto.tcs flag connercial vessels. No f.pods r.'"-"l.Y ·;)e- fina.nccc1 hereunder which a.re tr0:nsi)ortecl on any .-:cea.n vessel or a.ircrc.ft (a ) 1·rhich A.I.D. in

a

ｲｾｯｴｩ｣｣＠ to the Dorrcwer o.nd the

. . .

Dcneficiqry has dcsigno.tcd as ineligible· ·:to ca.rry A. I. D. ··!inb.nced corr.lod.i t ics or (b) which hus been cho.rtered for the ·co.rrio.ge o f A.I.D . ..:rimmccd cor:u'!lod:-ities unless such charter hus been ｯＮｰｰ ｲ ｯｶｾ､＠ in nc1vci.ncc b y A.I.D .

SECTION '"(,;

6.

Discrfr,ino:b ion in Mo.ri ne Ins1.m:1nc9 . If in connection

C

with the p l:iccf.}ent of i:nrinc insurance on shipnents fin:lncccl. un-.ler United

ｓｴｾｴｇｳ＠ legislation o.uthorizine c ssistc.nce 1;o othe:1" n1J.tions, th..: Re_pu::ilic of

I n:.cncsia., \Y ｳｴ｡ ﾷｾ ｵｴ｣Ｌ＠ ·decree, rule or r.:;aula.tion, fo.vo1·s a.ny ｩｮｳｵｲｾｮ｣･＠

con-ｑｾＺＱＺｲ＠ cf rl.ny country over o.ny mrinc insuranct: coopa.ny 6.uthoriz6d to do !ms i - ·

n•JS s in o.ny sto.tc of tha Uni teJ St.o.tcs, geicxls financed hcrcunrler shn.11 during the continu.'J.ncc of such t1iscriuino.tion be so insured in the United, Stc.tes with

ll. conpo.ny or cor.ipa.nics o.uthorized. to do o. r.iarinc insuro.nce ＧＺｊｾｬｳｩｲＮ･ｳｳ＠ in o.ny

stctc of

the ｕｮｩｴ ･ｾ＠ States . .

SECTION 7 .

7.

n::.1Qloy!1c1.Yc of Contract ｐ･ｲｳｯｮｮｾ ｬＮ＠ 'I'he ei.:1pl O.}'f.1cnt of'

.-personnel to perforo services under contra.cts financ ed hcreund.er' i t: whole

or in J_Jo.rt, ·will ｾＩｃ＠ su'.Jject to n.11 a.pplico.')l e Un.itqj Sto.tes l egisl.D.tion o.n'.l such rc·quirenent s; including sccuri ty cleo.ra.ncus a.nd lir.ri.. tations o n the

ｃｃｾＩ ｬ ｯｹｲ［ｩ Ｎ｣ｮｴ＠ of third c ountry nntiono.ls, us 1 .. I.D. roy fror.\ tine to tL:ie

ｩＺｾｲｯｳｵｬＳｇＮｴ｣＠ or S.Pecify o.nd, except

as

i\.I.D. r:in.y otherwise ､ｩｲ･ｾＭＧ｣Ｌ＠ all ｳｵ･ｾ＠

contracts sho.ll inclu.do provisions nccc.s ·so.i·y to inplcncnt. such 1 <:5islution

un,:. rcquire!.lcnts.

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SECTION

?.8.

Unib.:d Stc.tus Governnent ExcBss Pro;)erty.

The: Bcncficio.ry sho.ll utilize, with respect to eoods ｦｩｮＸＮｮ ｣･ｾ Ｑ＠ under t he Loa.n _;;::covLled fur h eroin to .which ｴｨｾ＠ Be::',cficio.ry t o.kcs

titl e

a.t

the- tine· of

pro-curewcnt, o.a o.nd t o the extcn-c

.

_{. -} ｰ ｾ ｯｶ ｩ ､ＮＮＺＺＡ｣ ｬ＠ in I L1pl er;lontc.t ion ktter No . 1, such r 0c::in:J.itioneu Uni tcJ Sto.tcs Govcrnn0nt excess vropcr ty a.s

r.n y

!:>e c ons iste nt

ｾＬＱｩｴｨ＠ the rcquireI:lents of the Project o.nd c.s i:ny t)C o.vc.il.::i.bl 0 within n r eas

on-c.!.Jlc period of t:!.ue . The ｂ ･ ｮ･ｦＺｩＮ｣ｩｾｲｹ＠ sh.::i.J..l seek c.ssisto.nce frof..l A. I. D. a.nd A.I.D. will o.ssist tho Beneficiary in o.sc::Grta.ining the. ｡ｶ ｾｴ ｬ ｡Ｎ｢ ｩｬｩｴｹ＠ of and i ll

ｯｾｴｯＮｩｮｩｮ･＠ s u.ch excess property. i\.I.D. wtll t.'..-'1.kc c.!rn.nscn<:mi;s f or nny

ncce:sso.ry ins11cction of s uch p roperty by the· ｂ ｣ ｮ｣ｦｩ｣ｴｾｲｹ＠ n:o.::.1/or ｂｯｲｩﾷ ｯｾ･Ｑ ﾷ＠ or.

its rc;;:i:cs(:nto.tivos. Tbe; costs of i nspection 6..nd. of o.cqu.is i t ion·, o.n<l a ll

｣ｨＧｬｲｾ｣ｳ＠ incident to the tro.ns fer to

the

Beneficia.ry c f s uch excess property

2.C.'J be fina.nccd under thu Lca.n. Pri or "to the 1n·ocurer.:cnt erf. o.ny goods, Ｍ［ｊ ｴｨｾ Ｑ ｲ＠

ｾ ｾＡ Ｍ.... "\'.1 excess ｰ ﾷ ＰＮ［Ｑ･ｲｴｹｾ＠ fine.nee;: li':.i·:le:r. the Loa n c..n.J. h::vit:.g sougM; such A .I.D .

c.ssistc.nce1 the ｂｾｮ･ｦＧ ｩ｣ｩ｣Ｎｲｹ Ｎ＠ sho.11 in1ica.t.;'.) to !L I.D. i n ｩﾷｦｦ ＮｩＢｩＺＬ ｩｮ ｾ Ｌ＠ on thq bD.s is

cf i<1fo rr.10.t i ot1 then c.va.il.::i.ble to

it,

ei the,r tho.

t

such ｇｏｏｾｬｳ＠ ccri.not be! n.::i.de c.v<'.:.ilo.blc fron r ccon:1i tionec1 Unite:.:.1.. S·cu.tcs Gcv ernn.:it1t excess ｾ ｮ ﾷ ｯ ｰ･ｲｴ ｹ＠ on a.

.

:

tinoly ho.sis 01'- tho.t the· ec,0:1..s tha.t ca.n be r.nrle o.vo. i lo.blc o.rc not t ccht:iically

suit ... '1.bl o f or uso in th.e PrGj cct.

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_ARTICLE

vr'rr.

ｒ＼ｾｦＮｬｃ Ｇ ｬｩ ･ｳ＠ of A.I .D.

SEC'I'ION

8

.1. ｾＱ｣ Ｚｙ｣ ｳ＠ ..!?f..12_cf.".'.ul t; .AcccJ.oro.tion. If O.i1Y one 01·· nor.:?

0±' thu followint:, events ( 11

1'vcnts of Dofo.u.lt 11

) shp.11

ｯ｣ ｣ｾｲＺ＠

(o.)

the

Borrower or the B0he:ficio.ry_ shc.11 fail to po.y in full o.ny interest rio.ynent or instnlll'10r,'G o:t' p:rinci1x1l whe n the

sOJ.:.c sho.11 ｢･｣ｯｲＮｾ･＠ po.ya.ble by it; ·

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· - 23

·-(iJ )

the Borrower or the Benef'icia.ry sho.11 f..'.li l to ccn:1;l y

,.,i

th o.ny other provision conta.iac·l herein a._ppli cc.bl e

to

:Lt;

( c) n.ny rcprcsento:ci or. or warr:.:mty Do.Jo by or en bubnJ..f

of the Bol'rowcr or the Bcncficia.ry with respect to obta.inins the lon.n provided for herein ｾｲ＠ u...·1de or

required to be tJC.dc hereunder is incorrect in. a.ny

ｮｾｴ･ｲｩ｡ｬ＠ respect;

(<.l)

o.ny ｩｮ ｣ｬ･ｾｙｴ｣Ｚｬｮ･ｳｳ＠ or oblirption of the Boncficio.ry :for

the po.:yTl<mt of borxowccl Goney sho.11 h::-.vc bccom <lue and r;o..yo.blc 0..nr:l not been paid;

(c) c..11 or o.ny substo.ntic.l po.rt of tl1e Bencf'icic.ry ' s ｾｳｳ･ｴｳＬ＠

0u s i ncss or .. opern.tions (whether

new

or hcr0aftcr existine )

by any govcrrn:1ent(l.J. c.uthority sha.11 be instituted. t o

d i ssoJ.ve or clises·t;ablish tho Dencfici.'.lry or to sus::.:;enc1 i ts opera.tions, or a. su:)stantia.l t•·'.lrt thereof'·;

( f )

any frc.nchis.e, license, richt ｾ＠ pri vilcge, or _cha.rter > .·

Granted. ｰｵｲｳｵ｡ ｮｾ｣＠ t3 or existing· by virtu..e of law

or

0th.er

lcg.a.l a.uthority .:incl ncces.so,ry for the conduct of tlle

'

Beneficiary ' s '.Jusincss i for the co::1pletton of the Pr0jcct;, or for Ct.1.rryinG ou.t of the terns

<?°!

this L .. K'.h .l\grecrJcnt is

r cvoker.l., cn.nccll cd, or denied ln such r:nnncr

a.a

to mke it

inprob;ihlc thP.t the Den.cficio.ry w_i.11 he o.bla to Ｎｬ＿ｾｔｦｯｲｮ＠ its obli50.tions uudcr this Loo.n Agrccrnmt or tho.t the l.vo._n

proviO.cd for ha1·ein wiJ.l substantial ly fulfill the purposes

(5) the Beneficiary sho.11 volunto.rily l:;1tor into or J:.c

. subj acted. involun·co.rily to c.ny' procedure under the lo.ws in effect Ｑ ﾷ Ｑｩｴｬｾｩｮ＠ the Rcpu'olic qf InrJoncsio. for t.hz rcrlief

of o. fiM.ncihlly tlistrcssed d.e":Jtor which is substo.ntio.lly

｣ｱｵｩｶｯＮｬｾｮｾｴＮ＠ to JJ. petition in bc.nkruptcy or the a.ppcintrient

of

o.

receiver

for

the ｾＩ｣ｮ･ｦｩｴ＠ of creditors; or

(h )

a

rn.tcrio.l <1<::fo.i.i.lt sh::i.11 ho.vc occurred o.ftcr the clo.te

-hereof, o.n::.1 not been -rcncdie:1 o.fter notice, µnder c.ny

other loo.n agreor.i0nt between the Bc1rrowcr O.nd

A.r.n;;

th-::n 11. . I.D, o.t its

o.vtion, ｄｯＮｾｲ＠ :tccla.re

o.11 or

o.ny pa.rt

of

the u.nrcpn.id pri:-icipnl under th..:i l on.o J!rovicle:l for herein or, i f

the

Bcnof'icl o.ry is

in

clefD.u..l c, o.ny r;o.rt of the unrcpc.i1 i;:rincipc.1 under '.:.he l c c.n fro.o ·i;ho B0r.rower

to the Bonoficicz:y· purs\lant tc $(1ction

9

. 1 hereof, to be due rnrl J}ayablo i wr..·=·2ia.tc ly, a.nd upoi1 b.ny such ｲＮＺＱＺ｜ ｾ｣ｬ｡ＮｲｯＮＮｴｩ ｯ ｮＬ＠ 1.11:.l.:.ss th.:i .dc f.?.ult -:.y;_y be cuxed.

･ｮｾ＠ is curecl within sixty

(60)

.-1.0.ys thcrc:::i.f ccr ｾ＠ such p1·inci1).'ll o.nd oJ.l

inter-est .'.lccrued ther eon sb.a.11 becone ｩｌｾ ﾷ Ｎ Ｑ Ｐ ＰＮ ｌＺＺｩＮ ｴ･ ｬ Ｎｙ＠ due ｾｮ､＠ lKi.yv.ble.

The Dor:rower, ).f the B;.)ncficia.ry is in dl)fn.ul·c, a:C; its ｣ ｾ ｴｩｯｮＬ＠

•.

m.y c":.ccla.rc o..11 or o.ny purt of the ｵｮｲ｣ｰ｡ｩ ＼ ｾＮ＠ _priacipnl under :iche l oun fro.a the 3'.Jrrm1cr to the Beticficia.ry f lU'Su¢.nt to S()ction

9

.1. hereof t o be cl ue

- <ind ;a.yv.blc i n ocd.in.tel y,

o.mt

\).pon any S}lCh ｾ ｬ ･ ｣ｬ ｡Ｎ ｲ ｡Ｎ ｴｩ ｯ ｮＬ Ｎ＠ unless the default co.y ·:;e ｣ｵｲ｣ ｾ Ｑ＠ a.n:.1 is cur.eel wi thL1 sixty (

60)

do.ys therca.fter) such principal

a<:.d. c.ll ｩｮｴ ･ Ｚｮ ｾ ｳｴ＠ a.cc:rued the reon shnll 1Jecos.e c.1.ue a.nd _bn.yo..1)1-1 ｩｲｮ Ｑｾ ､ｩｯＮｴ･ｬｹ＠ • .

The

Ｚｂ ｾ ｲｲｯｷ ｣ Ｚｲ＠ shell ｮ ｾ ｴ＠

exercise

ｴｨｾ＠

rieht

set f orth in

the

.r:rec0ding

sen-.

·t cnca he:i:eun,.1cr without the prior written concurrence of. J\.LD.

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SECTION

8.

2. 'l'c :rr1i;1·o:tion of Dishursencn_!::;<J ; Tra ns.for o f Goo:ls

t o A.I.D. In the qv cnt thc.t at any tine:

( u ) o..n 1'vcnt. of De:foult hns occurred o.n:d ho.s uct ｾＵ｣｣ｲｴ＠ r ened.ie:l as · providoc1 ｡｢ﾷｾｶ｣［＠

· (".:>)

nt1 event oc·curs tho.t ＯｌｉＮｄｾ＠ rlcte r t.line·s to be a.n cxtro.-ordinm·y si·Guution which mkcs

it

ｩＮｷ ｰ ｲｯ ｢ｬＧＮ ｾｬ･＠ tho.t

the

p urposes of the l -0c.n provU.ecl for herein will be a.tto.ine(.l or tho..t the ｂｯ ｲｲ ｯｭｾ ｲ＠ or the Deneficio.ry wil:-1 be .'.l°0le to 0 1• will pcrforn its o:)lit;o.ti ons hereunder; or

( c) ally .d isburseccnt would 1.)C in violation of tho l E:G_i slotio u governing 1\. I .D.;

then A.I.D. at its orJti on , c.f·i;cn· notiCe to the Dorrow\!!r a.nd the ｄ｣ｮ ｣ｦｩ｣ｩｵｲｹｾ＠

r::D.y

(i )

<lecl in8 to is su0.furtbor lctt2rs of corrD.tnent.

or

othc:;.· .cor'1c;itrnmt

O.:.;cu,,.1cnts , (ii ) ｳｵｳｰ｣ｾＱ､＠ or ｣ｾ Ｎ ｮ｣｣ｲ＠ outst·'.1'1c1i ng letter s of c o.cni ｴｲ Ｎ Ｑ｣ｲＮｩＮﾷ ｾ＠ or other

C·:)LlJ.:i.tD.r.mt •locur.:.cnts to the cxt 011t ｴｨｾｶｩＺＺ＠ they b;.we no·t; 1.;ccn utilized t ro·ouLh

tll•:; issue.nee of i r revocnlll e l etters of crGdH or thrcu:3h bo.uk oo.yDents no.de O'cher them under trr.,.y1rocn.ble letters ©f ｣ｲ･､ｩ ｴｾ＠ Givin0 ;1otice to the Dorrower .o.n:l the Dcncfi c.io.ry thereof, (iii) d•;cli.ne to no.kc ｌｬｩ ｳ ｾ ＺＮ ｵｲｳ｣｣Ｎ･Ｚｮｴｳ＠ e ther thc.n

un·le:e lette r s of cGr:rr.1itnc1yi;; a.n.cl: (iv )

n.t

A.I. D. "s CXJ)et1se ) d i rect that title

o goo•.ls fi1;_anccd. under ｣Ｎ ｬＮｩｳｾｸｬｲｳ｣ｇｵｴｩｴｳ＠ he,rcu.n!lcr shall 1.:;e tra.nsfcrr cd t o .l\.I.D.

c..t

C·.)St

to t he

Dcncficia.ry , _provided the gom1s a.re f'rcn

o.

source c uts i do the . •

ｒｯｾ｟［ｵＺＩ ｬ ｩ｣＠ of Ir:.1bncs io., n.rc i n o. deliverable sto.tc O.i:.d hn.vc not been of'f-lo.:::i.de-:1..

i n v or·i;s of entry of the Rcruhlic of ｉｮ ｾ Ｑ｣ｭ･ｳ ｩｯＮＮ＠ To the ｣ ｸｾ｣ｮｴ＠ tha.t any c osts

. .

c-::>un0ctcd with the purch.'.1.sc anJ tr::msportn.tic n of' thesG ｛ｾ｣ｯ､ ｳ＠ h:ivc been finr.ncc:l hereunder; these a.hounts shall i:.c ､｣［ｬｵ｣ｴ･ｾ Ｑ＠ fr or.1 Principo.l.

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-SECTION H.3 . Rcfm1:ls .' I.f /;..I.D . ｾ ＢＱＮ･ ｴ［［ｲｮ ｩｮ｣ｳ＠ that :.'..ay (Usburscncnt

is not supporte:1 Ｇｙ ｾｪ＠ vo.lid docuwctitntinn i n a.cco.rda.ncc with tl10 terns 0f' this

u..)O.a ｜ｾＡＺＧ･｣｣｣ ｮｴＬ＠ or is not LJ.?,...""..c or usn . .1 in a.ccorda.nce wi fh tho tcrDS of this · Iixtn ａ･ｲ･｣ｮｾｮｴＬ＠ or wo.s

o.t

the t ine :)f rlisburscr:::.cnt in viola.ti.en of the

l l:?Gisla.tion sovcrni n3 ｾＮｉＮ ﾷｾＬ＠ .l\.I.D., ｵＧｾ＠ its option, ｾｹＬ＠ t10·cwithsta.n1in1J

the n.va.ila.:Jili ty of a.ny other rencdy ｰｲｯｶｩｾＱ･､＠ f or unU.cr this Loo.n_ ａｾｲ｣･ｵ ･ ｮｴ［＠

or the exercise of the ｲＮ ･ＮｌＬ･ ､Ｎｾｬ＠ .Jtr.oviclc;:l for in ｳｾ･ｴｩｯｮ＠

8.l,

require the

Dorrowcr to pa.y to A.I.D. in United Stutes d.olla.rs within thirty (30) -1.'.lyS

o..ftcr r ec·Cip·i; of o. request therefor, o.n o.oount n0t to exceed the c,nount of

such ｾ Ｎｵｳｾｊｵｲｳ｣ｲｮＮｭｴＬ＠

an:i

the bcn0ficiary, if it is ｲ･ｳＮＡ｟Ｌｾｯ｡ｳｩＧｊｬ･＠ for the ｾｰｲｯＭ

per c."1.ocuDento.tion or usu cA:' the :1isliurs.0bcnt, sh.ill 1-"\[f,Y tht.? Dorrmtcr in

In·lcncsio.n currency the ･ｱ ｵｩｶｯＮｬ･ｮｴｾ＠

as

c.OLJ1mtc<l in accord0.ace with Section

9 . 2

hl.'.!:rcunder, cf.the ｯＬ｣ＮＮｯｵｮ Ｇ ｾ ﾷ＠ t o ｾｊ｣＠ po.id to .A.I.D.

tmller·

this ｳｾ｣ｴｩｯｮ［＠

provid,cr1 thc.t suc h ｲ ﾷ ｣ ｾｵ･ｳｴ＠ ·oy 11.:I.D. sha.11 li<J Lk-ide not ｬ ｯＮｴｾｲ＠ thy.t1 i'iv.:; (5 ),

ｲ･｣ｯｾｶ｣､＠ u y A. I.D , sh:J.ll be. n.pr:licd first to ;:tny o.ccr uca. ｩ ｲ ｲｾ･ｲ｣ｳｴＬ＠ end thco.

to i nsto.ll.!J.cnts of P-.cinciva.l i n invcrsG o:t'dcr of their ｾｴ ｵｲｩｴｹＮ＠

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SECTIOH

8.

ｬ ｾＮ＠ Wo.ivcrs. No dclo.y in ｣ｸ･ｲ｣ ｩｳｩｮ ｣ｾ＠ er aD.ission ta

I

exercise uny ｲｩ ｣ ｾｨｴＬ＠ ｩ ｾｭ Ｑ ･ ｲ＠ or rcnedy a.ccruinc to A.I .D. un::1..c r this L oo.n

ａＺＹ Ｎｾ･･｣｣ｮ ｴ＠ sha.11 be const:cuecl D.fl o.

wo.i

ve i:: of o.ny such rie;ht, power o r ｲ ｣ｲｮ ｾ ＺＺ ＢｬｪＮＧ Ｎ＠

SECTION

8. 5.

ｾｰ･ｮｳ＠ cs of ｃ ｡ ｬ ｬ･ｾ ｴ ｩ ｯｮ Ｎ＠ Il.11 r ca.s ona.:1l c c;:.sts ｩｮ ｣ ｾｲＬｲ｣｣Ｑ＠

by A. I. D . ( other tho.n ｳ｡ＮｬｾＺＺ｣ｩ ･ ｳ＠ c f Hs stc.ff ) nftcr c.n Eveut cf D\:f'c.ult has

I

occu.rrc•l, in connection with the collection c:t' a.r.iom1ts due under this Loo.n I

Acrecnont ｾ＠ no.y be cho.r 5cd tb t he Dorrower cm:1. rcin:mr.scd ns Ｑｾ Ｎ＠ I. D. shG.ll

s.r,iccify.

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- 27

ARTICLE IX.

Borrower Con-!;ribu.tion t 'o Beneficiary

-SECTION

9

.1. Terms of Contri but.l.on . Borrower wilJ. reloan the proceeds of this loan to Beneficiary on terms to be establishe.d not

.

later than

May 22,

l973, or such other

time as

may

b.e

agreed

to

in

writing by A. I.D. Borrower, Beneficiary and A. I. D. will consult. together,

.

.

and Borrower shall establish; wl.th the concurrence of Beneficiary and

A . I . D. , appropriate t.er ms for the re loan based upon Bcneficj_ary ' s

financial condition a.s of the date of $UCh consultations and a.g".ceement,

ta..1'.ing into account the r econi.rnendations of the management consultant under Sectien 2 . 02(b)

of

the P-roject Agreement and the program for

implementing the reconunendations agreed to by Bene-ficiary, Borrowe! ,

the International Development Associat i on, and A. I.D. Under the repay1:1ent; terms ag1·eed upon, ·which ten11s may be made retroactiv'e

to

the date of this agreement :

( a) Bencfj.ciary will have the right to prepay, without penalty, all or any part of the debt to thG .. Borrower

ｯｾ＠ t?XJ.Y date. 011 which Bencfic:i.ary' s interest ｰ｡［ｸＺｭ･ｮｾｳ＠

a.re due tAnd payable . Any such payrn.ent will be appli ed

first to

payment

of

ahy accr ued

interest and

then

to the

remaining instal:Ll'Jlents of principal in the inverse order of maturity.

(b) A "maintenance of value" section , in the form ot'

Section

9.2

below, will be included .

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(c) All _payments of interest and principal made to the

Borrower by Beneficiary which relate to the proceeds

of the A.I . D. Loan shall be used for the Development

Budget of the Borrower or for such other purposes as

Borrower and A. I.D. may agr ee .

SECTION 9.2. Bo.te of ｾｸ｣ｨ｡ｮｾｾＮＺＮ＠ With r espect t o principal

repayments and interest p ayments made to the Borrower by t he Beneficiary

pursuant to Sect ion 9 .1 of this Loan Agreement:

(a) The eJllount of Indone sian currency equival ent t o the

United States dolla.r amount for which payment is due

shall b e computed on the basis of the r n.te of excho.nge

pre scribed in subsection (c) of this Section applicable

t o such payment; provided that in any co.se wher e payment

i s made ｯＮｾ･ｲ＠ the due dat e for that payment A. I .D. mo.y

require tha.t it b e computed on t he b a sis of t he pre

-scr ibc d r ate of exchange existing on the date of pn.ymcnt .

(b) In the event there is no prescrib ed rat e of exchange

on the duz date for a p ayment , the ::imount of Indones i o.n

curr ency equivc.lent to the United ｓ ｴｾｴ･ｳ＠ dollox ronount of

the obligat ion for whi ch payment i s due sho.11 b e computed

"l!ld po.id on the basis of t he prescribed r ntc of excho.ngc

existing on the do.te neo.rcs t pre ceding the due do.t e for

·.

29

-Within sixty ( 60) doys after the first dC:te a ft e r such

due dnte en

which

a

current prescribed rcte

cf e.xchonse

cnn

he ·Oscertc.incd , the Beneficiary sh0ll) upon

the

re-.

-quest of A .I .D., rJnke proopt :paynent to the Bvrrower,

or the Borrower, upon the r equ est of A .I.D . , shell. cake pronpt reic1burs eDent to

the

Beneficiary of the .:lnount of Indonesian currency required to i:inke the toto.l pcynent c)f Indones ian currency cquivnlent in value

t ?

the United

Stat.es

dollur orx.mnt

of

:the obligo.tiob ngni.nst which the

payf.lent

wns r..nde, ,c.;,nputed on tho· basis of the prescribed r.nte of exchange existing on the fil1st date ｦｯｬｬＮｾｷｩｮｧ＠ ·

such due date en

which

such

a rate co.n be

ascertained.

( c) For pnrposes of this ｾ･｣ｴｩｯｮＬ＠ the prescribed rnt.e of

.

.

exch.'.lne;e between Indonesion

cut'rency and

Unite\.!

Stct es doll.a.rs on any im rticulnr ·untc shall be the effective l·a·te of 8XchnnGe a.t which Unit ed States dvlla rs ere s old or offered for flalG on that date in ·e.xchanee fer Tn<knesicm currency to residents of the Republic c f

Indqnes.tn ,

exclusive of. Govc:rnnent ehti"t i -es, for effect ing :, (1) the pay1:ient of i nterest n nd repaycent of princi :pe.l on loons; ( 2) the t:ransfer of - di viclends and ether i'o.ras

of eo.rnings on capital

investnents

i n the Republic of Indonesia; ancl ( 3) t be transfer c f i nvestnent ccpita.l;

provided that there is only one such rote in the Republic of Inc1cne::>i n f'or such tronso.ct fons ; provi.cle1

tha.t fLI.D . on1 the Republic c:f Indc.nesil'. CJJ.y ng!-ee in

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viritinG on n rnte of' exchnnee apJ:)licnble t o this agrecnent.

If there is no writt.cn C.Gr eeDent between A .I.D. e nd the ｒ･ｲｾｵ｢ｬｦｯ＠ of Indonesia. on the r a te of exchnnGe opplicoble.

to this ｡ｧｲｾ･ｮ･ｮｴＬ＠ nnd if the re is no such sine;le :t.ate of

exchange CJ}plicnble

to

o.11 of

the

three ｣［ＺＧＮｴ ･Ｈｰ ｲｩ･ｾ＠ of

transactions, referred

t 0 in

the pr,ecedine; ｳｾｮｴ･ｮ｣･＠

the

ｮｉｊｐｬｾ｣｣Ｎ｢ｬ･＠ r<l't0 of ･ｸ｣ ｨ ｾｮ･･＠ ·on any ｾｲｴｩ｣ｵｬｯｲ＠ do.te shall

·, b e the hi13hes t (i ·. e .? t he lnrcest nunber ｯｾ＠ units of:

Indonesian currency per United States d ollar) effective

rate ·of exchan13e nt which United Stntes dollars nre sold or off erod f or sule on thnt dote t o r esidents of the

/ Republic of In::lonesilr, exclusive of Goverru::ent entities ,

t o

effect

trcnso.ctions within a ny of the three cat eEories -r efe-r-red to , in the p-rec"xling sent e nce.

ARTICLE X.

M:i.scellaneous

SECTION 10.1. ｄ･ｳｩｾｳｮｯＮｴｩｯｮ＠ (•f Repres entati

ves-( a ) Al l nctions requirec1 or peroitted to be per forned or

taken under tM.s !.Jean AGreenent by the Borrower, the

Beneficiary or A .I .D. roy be i;e:t'foroed by their r e

-sp-ecti ve duly authorized re:presentnti ves.

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-·31-(b) The Borrower hereby dcsigna.tcs !'1r . __ ｽＧＡ｟］ＡＭ｟ｾｾＮＮＹＮＮｊｩＮＺＡＺＮＮｴｩｳＱＱｳｴｲｯ＠ ｾ Ｍ

ＡｬﾰｾＲＮｉＧＮＲＮ｟｜ＡＧＮＮＮｌｎＩ ＮＮＲＮ＠ as their respective rcpresent::-,t ivcs with cuthority to ､･ｳｩｧｮｾｴ･＠ in writing other ｲ ｣ｰｲ｣ｳｾｮｴ｡ｴ ｩｶ ｣ｳ＠

in their dealings with A.