Selanjutnya

LOAN AGREEMENT

BETWEEN THE

REPUBLIC OF INDONESIA

AND 'niE

UNITED STATES OF AMERICA

FOR

JAGOAAWI HIGHWAY CONSTRUCTION

TABLE OF CONTENTS

ARTICLE AND SECTION TITLE PAGE

ARTICLE I

The Loan

Section 1.01 - The Loan ﾷﾷﾷﾷｾｏﾷﾷﾷﾷﾷｾﾷﾷ＠ 1

Section 1.02 •The Project ｯﾷｾﾷﾷﾷ＠ 1

A:lTICLE II Loan Terms

Section 2.01 w Interest ｯｾｯﾷ ｣ｶｯ･＠ 2

Section 2.02 •Repayment ｯｯ ｴｾ ＠ 2

Section 2.03 ... Application. Currtancy. and Place of Payment •• 3

Section 2.04

•Prepayment

ﾷﾷﾷﾷﾷﾷｾﾷﾷ ｾ ｯＴ＠ 3

Seetion 2.05 •Renegotiation of the Terms of the Loan ••••••o

3

ARTICLE III Condit1one Precedent to Diaburaement

Section 3.01 • Conditions Precedent to Initial Disbursement • 4 Section 3.02 .. Conclitions Precedent to Dbburaenents for

ｅｮｧｩｵ･･ｾｩｮｧ＠ Services •••••••••••••••••••••••o• 5

Section 3.03 •Conditions Precedent to Final Disbursement ••• 6 Section 3.04 - Terminal. Dates for Meeting Conditions

Precedent to Disbursement ••••••••••••••••o••• 6 Section 3.0S • Notification of Meeting of Conditions

Precedent to Disbursement ﾷｾﾷﾷ ｯ＠ 7

ａｬｾｔｉｃｌｅ＠ IV General Coveuanta and Warrant1.es

Section 4.01 •Execution of the Project •••• ••••••••••••·••• 7 Section 4.02 • Funds and Other Resources to be

Provided by Borrower • •• • • •••••••••••••••• o ••· 8 Section 4.03 •Continuing Consultation•••••••••••••••••• •••• 8 Section 4.04 • Managemant ···•••••••••••••••o•••• ••••• •o• 8

ｓ･｣ｴｩｯｾ＠ 4.05 • ｾ｡ｴｩｯｮ＠ and Maintenance····••••••••••• •••• • 8

Section ( .• 06 • Taxation ••••• o • • • • • • • • • • • • • • • • • • • • • • • • • o • • e ., • 8

Section

4.07

•Utilization of Goods and Services · · •••••••••o 9

Section

4.08 - ｄｩｳ｣ｬｯ･ｾ･＠

of Material Factc

and

Circumstances

9

Section 4.09 - COiJJl!lissious,

Fees.

and Other Payments ••••••••

10

Section 4.10 - Maintenance and Audit of Records ••• •••••••••• 11

Section 4.11 •Reports ｯｯｯｾ＠ 11

Section

4.12 • Inspections

•o••••••••••••o•••••••••••••••••••

12

Section 4.13 • Investment Guaranty Project Approval

by

BorrO"Wet:" o • • o • o • • • • • • • • • • • • • • • • • • • • o • • • • o • e ｾ＠ • e 12 AFTICLE V

Special Covenar.t and Warranty

ARTICLE AND SECTION

Tm..E PAGE ARTICLE VI ｐｲｯ｣ｵｲ･ｭｾ＠

Section 6.01 •Procurement Source

and

Origin... ...

12 Section 6.02 -

Eligibility

Date •••••••••••••••••••••••••••••• 13

Section 6.03 ... Goods and Services Not Financ&d Undtt Loan ••••

13

Section 6.04 .. Implementation of Procurement Requuements •••• 13 Section

6.0S -

ｐｬ｡ｮｳｾ＠ Spacifieatione, and Contracts •••••••••• 13 Section 6.06 •Reasonable Price •••••••••••••••••••••••••••••• 15 Section 6.07 •

Employment

of Th!rd•country Nationals under

Construction Contracts••••••••••••••••••••••••

15

Section 6.08 -

Shipping

and Insural\d:e ••••••••••••••••••••••••

15

Section 6.09 •Notification to Potential Suppllere ••••••••••• 17

Section 6.10" In.foTmStion and Marking•••••••••••••••••••••••

17

AR'I'!CLE VII Dieburaemeuts

Section 7.01 - Disbursement • Letters of Conrmitment to

United States

Banks

ﾷﾷﾷﾷﾷﾷﾷﾷﾷﾷﾷﾷﾷﾷ ｾﾷ ﾷﾷﾷﾷﾷ ﾷ ﾷ＠ 17

Section 7.02 - Other Forms of Disbursement •••••••••••••••••••

18

Seetion 7.03 •Date of Disbursement ••••••o••••••••••••••••••• 18 Section 7.04 •Terminal Date ｦｯｾ＠ Disburaement ••• • •••••••••• • • 18

AR"l'ICLE VIII Cancellation and Sue:pension

Section 8.01 - Cancellation by the

Borrower

ｲｾ＠ 19 Section

8.02

•Event• of Default; Acceleration •••o••••••••••• 19 Section 8.03 ｾ＠ Suep«naion of Disbureemeut ｯ ﾷｾﾷﾷﾷ＠ 20

Section 8.04

•cancellation

by A.I.D. ｾﾷ ﾷ＠ 21

Seetion 8.05 •Continued Effectiveness of Agreement •••••• • ••• 22

Section 8.06 •Refunds ﾷﾷｯ ｾﾷﾷｾ ﾷﾷﾷ＠ 22

Section 8.07 - Expenses of Collection ••••• • •••••••••••••••••• 23

Seetion 8.08 - Nonvaiver of Reme.diee

ﾷﾷﾷﾷﾷｾﾷﾷﾷﾷ ＠

23

ａｒｾｾｉｃｌｅ＠ IX

Miscellaneous

Section 9.01 • Com:muuicationa ﾷﾷﾷﾷｾ ＠ 23

Seetiou 9.02 •Representatives • • ••••••••••· •• ••••••••••• • ••••

24

Section 9.03 - Implementation Letters

··••••••••• •• ••• •• • •• •b•

25

Section 9.04 •Promissory Notes • • •••••••••••••••••••• ••••• ••« 25

S-=ction 9.05 • Terad.rtetion Upon Full Payment •••••••••••••••••

25

LOAN AGREEMENT dated

January

24 • 1974 'between the REPUBLIC OF IlIDONES!A ＨＢｂｯｲｲｾｲＢＩ＠ .and the UNITED STATES OF AMERICA, acting through the AGENCY FOR INTERNATIONAL DEVELOPMENT ("A.,I.D.")o

ARTICLE 1.

The Loan

SECTION ＱＮＰＱｾ＠ The Loan. A. IoD . agrees to lend to the Borrower,

ｰｵｲｳｾ｡ｮｴ＠

to the Foreign

ａ｡ｾｩｳｴ｡ｮ｣･＠

Act of 1961. ae amended, an amount

not to exceed tweaty•six million Unit:ied States dollars ($26,000, 000) ( "Loan") to assist the Borrower 1u carrying out the Project referred t o in Section l.02 ("Project") " 1.'he Loan ehall be usad excluoively

t:o

f

inanee the foreign exchange coats of goods

ad

services required

for the Project. The aggregate amount of dislmrseraents under the Loan

5i.• ｨ･ ｲ ｾ＠ referred to as "Principal" .

SECTION 1.02 . The Project . The Project: &hall cousiet of

｣ ｾ ｯｮｳｴＺｲｵ｣ｴｩｯｮ＠ of a liiaited access asphaltic concrete surfaced highway

LLpproximately 48 kilometers in length between .Jakarta and Ciawi in \Testern Java with a spur connection, approximately three kilomHt:ers

［ｾ ｮ＠ length , to the city of Bogor. 'Between Jakarta and Bogor the

highway shall consist of four l&nes p divided, with eart hwork conw

otructed

to

provide

for

fut ure widening

to

eix lanes

through

1:educt ion of the width of median. The Bogor spur wU l be ser,1ad by

a traffic interchange to be located approximately three kil ometers

east of Bogor and connection to Bogor will be with the plannud Bogor

-2-Cia.wi.

a

distance of approximately seven kilometers> the highway

sh.:11.ll consist of two

laneso

The Project ehall include ･ｮｧｩｾ･･､Ｎｮｧ＠

supervision of ccmstruction and all component• iuclwltng bridges,

t!'affic interci1anges, drain&ge structureal) ped.eat:rfl.m and animal

ｵｮ､･ｲｰ｡ｳｳ･ｳｾ＠

rights ... of ... way fencing

11

pavement markings and directional

｣ｦＮｧｮｳ ｾ＠ and lighting of the. Jakarta Bypass road traffic intercbangeo

'The goods &nd services to be f tnanced under the Loao shall be listed in the implementatf.oa letters referred to in Section 9. 03 ("Implementa ..

tion Lettel'.'s").

ARTICLE II .

Loan

Teme

SECTION 2.01. Intm:esto The Borrower 8hall pay to AoloD.

interest '1h!ch sh.all accrue at the ?"ate of two percent (2'%.) pet'

mmum for ten years following t:he d&te of the ft.rat dbbu-rse!ai;?nt hereunder and at the rate of three percent (l"X.) per amium thereaftin"

on the outsta.ndiu.g balance of Principal and on

any

due and

unpaid

1nt6rest . Interest on the outstanding balance shall aecrue from

the date of eech respective disbursement (as such is defined iu

Section 7.03), and 1hall be computed on the basis of a 365 ..

day year. Interest shall be payable seraiaimu.ally o The first payment

of intarest shall ba due and payable no later than six (6) months

after the first disbursement hereunder, on a date to be spex:lfied

by A.I.Do

disbursement hereunder !n

ｳｦｸｴｹ ｾ ｯｮ･＠

(61) approxflllately equal semi•

annual installments of Principal and interest. 'l'be first installment

of Principal shall be payable nine and one-half

ＨｾＭＱＯＲｽ＠

years aft:er

the date on lmich the first interest payment is due in accordance with ;;ect.ion 2.01. A.I.D. shall provide the Borrover with au amortization nche.dule in accordance with this Section after the fin.al disburaem£nt under the Loan.

SECTION 2.03. Application, Currency,

mad

Place of Payment.

All payments of interest and Principal herelmde'Z' shall l>e mada 1.n United States dollars and mall be applied firat to the payment: of

ｩＮ ｮｴ･ｲｾｳｴ＠ due and then to the repayment of Principal. Except as A. IoD.

niay otherwiae specify in writing , all suc:h payments mall be uiade to the C'.oatroller, Agency for International Deve.lopment, Waabingt:on. D.C., t. s .A. , and shall be deemed made wen received by the Off ic<l of the

Controller ..

SECTION 2 . 04. Pre2!Y!l!mt• UP1'11 payment of all interest and

tefunds then due, the Borrower T1J£.Y pref:>Sy. without penalty, all or any

part of the Principal. A:ny such prepayment shall be applied to the

i nstallments of Principal

in

the inverse order of their

ll!BtUl"ity.

SECTION 2.05. Renegotiation of the Tenas of the I..;o&n. The

Borrower agrees to negotiate with Ao I. D. • at such time or times as

A.I.D. may request , au acceleration of the repayma>.t of the Loan

1n

t'he event that there is any significant :f..mprovement iu the internal and

e.rternal economic

and

f

inaucial position and proapecta of the country

ARTICLE IIIo

Conditions Precedent to Disburcement

SECTION 3. 01. C@nditiona Pr·ecedent to Initial

ｄｩｳ｢ｵｲｳ･ｭ･ｮ ｾ ｯ＠

Prior to the first disbursement or to the issuance of the first Letter

of. Commitment under the

ｌｯ｡ｮ ｾ＠

the Borrower

ｳｨ｡ｬｬ ｾ＠

except

as Aoi vD. may

othe:.wise agree in writing. furnish to A.I . Do in form and substance

satisfactory to

A.I.Do:

(a) An opinion. of the Minister of Justice of the

ｂｯｾｲｯｷ･ｲ＠

that this ｐＮｾＭｲ･･ｭ･ｮｴ＠ has been duly authorized and/ or ratified by 11 and ue...--uted on behalf of , the Borrower, and that it constitutes a valid and legally binding oblig.ation of the Borrower in e.ecord41uce with e.11

of it: e ter:rns;

(b) A stateaent of the names of the persous holdiog

ｾ＠

acting

in the office of the Borrower specified in Section ＹＮＰＲ ｾ＠ and a ｳｰ･､Ｎｾ＠

signature of each person specified

in

such statument;

( c) A draft Coutre.et for engineering or other type of: _eon"'

sulting services for the Project acceptable to

A. IoDo

with a firm

acceptable to

ａｾｉｯｄＮ［＠

(d) Plans and specifications, bid documents e coat estimates,

aud time sehedules for carrying out the Project;

ＨｾＩ＠

Written &$eurance of the establiahmen.t of (1) a budgetary

allocation fo-r the project for the first fiscal yeeY in which f unds will be required in an amount based en the estimate of the project

engineer as apprwed by Biaa Marga; and (2) an approved payment

months of project operaticns, baaed on the estimate of the project

engineer as approved

by

Bina Marga;

(f) Written

a.sauT&nee

that all rights of

way

neceasary ｦｾ＠

projeet implementation have been obtained aud financing prov1..dec1

therefore;

(g) A preli.la:ziuary plan for maintenance sud operation of the

Jagorawi Highway, including organization a1Ul

funding;

(h) A

ｰｲｾｬｩＧｊｬｩｮ｡ｲｹ＠ t'f.me .. phased pl8111

including yearly

budget

eatimatea, far finan<:itag, design, construction and mainte'Jlanc.o of

all access roads to the Jagoravi High,,.,, iueludiDg gll roads to

be

served by iutersectiona and vehicle crossings to be financed

under this loan.

(1) An

executed contract for coutruetion aervices for the

Project acceptahle to _{A. I . D., with a fina o'!!" fbms}

acceptable

_to

A.I.D.;

(j)

Such other doeumeuts •a A.I oD. may reasonably request.

SEC'l'ION 3.02. Conditions ,PJaceden.t to Disbursements

f!£

Engineering Serv:ieeq. Prior to

any

<Usburaement to finance

･ｮｧｩｮｾｩｮｧ＠

services the Borrower shall, except as A.

I.Do

may otherwise agree iD

writing,

furnish to

AoI.D.,

in form and aub3tance aatisfactol")' to

(a) An executed contract for engineering or other type of

coosultiq services for t.he Project acceptable to A. I aD• td.th a f ir .. ,

acceptable to A.I. D.;

SECTION 3.03. Conditions Precedent to Pinal Disburaements ..

Prior to the disbursement of the final ten percent (lat) of the total a.mount of the loan, the Bonower shall, except

aa

A.I.D. may otherwise agree in writing, furnish to Ao I.D. , in form and subeta.nce oa.ti&f4ctory to A. I.D.:

(a)

A final

plan for maintenance and operation of the .Jago'l'awi

Higbvay, including organization and funding;

(b) A final, time phased plan, including yearly 'budget estimates,

for financing. construetiou and maintenance of all access roads to the

Jagorawi Highway::. including all roads to be served by iutuaections and

vehicle croasiugs to

be

financed under

this

loan;

(c) Such other documents aa A.I.D. may reaaoua.bly

ｾ･ｱｵ･ｳｴＮ＠

SECTION 3.04. Terminal DateE for ｍ･･ｾｩｮｧ＠ Conditions Pr.eef4,eut

!O

Disbursement.

(a)

If all of the conditious apecifieG in SeetiotS3.0l and 3. 02

shall not have ｢･ｾｮ＠ met within 120 days from ehe date of this Agrm:?n:.ent or such le.tel' date as A.I.D. may agree to inw:ritiug,. A.I.D . , at :I.ts option, may terminate this Agreement: by giving written notice to the Borrower. Upon the giving of such not: ice, this A.gree!leJ.lt and all

obligations of the parties hereunder shall te-?Blinate;

(b)

If all of the conditions specified in Section 3. 03 shall

not have been met within 720 daye from the date of this ａｧｲ･ｾｮｴ＠ or auch later date as AoI.D. may agree to ii1 writing,, ａ Ｎ ｉＮｄ ｯＮ ｾ＠ at its

option,

may

caucel the then und.is'buraed balance of the amount of the

-1-the Bm."?'owe:r. In the event of

a.

termiue:tion, upon the giving of nf>tice,

·::he

Bor::ower

shall immediately repay the Principal then

outstanding ｾ＠

shall

pay

any accrued interest and, upon receipt of such payments

in

iull, this Agreement and all obligations of the

ｰ｡ｲｴｩ･ｾ＠

hereunder Bball

tem!nate.

SECTION 3.05. Notification of Meeti;ng of Conditions Precedent.

.to ｄｩｯ｢ｵｲｳｾｴＮ＠ A.I.D. shall notify the Borrower upon det:ermination

by A. I.D. that the conditions precedent to disbursement specified in

Seetions 3.0l .. 3 . 02 and 3.03 have been met.

ARTICLE IV

Grmeral CoveD&n.ts and Warranties

SEC'!ION 4.01. Execution of the Project.

(&)

The Borrower shall cauae the Project to be carried ou;

thrcugh its Department of Public Worke and Electric Potier, ｄｩｲ･｣ｴｇＺｾ｡ｴＺ･＠

General of Highways ("Bina Marga"),

with

due diligence and efficieucy

9

and

in

conformity

with

aound

engineering, cODStruetion,

financial,

ancl administrative practices. Ill this connection, the ｂｯｴｴｾ＠ shall

at all times employ suite.llly qualified aud experienced consultants to

be

ｰｲｯｦ･ｳｾｩｯｮ｡ｬｬｹ＠

rer.ponsible for the deoign and

001ecution

of the

Project and suitably qualified and co1spetent construction contrACt.?rs to carry out the P..toj£Ct;

(b) The Borrower shall cause the Project to be carried out f.n conformity with all of the pl&na p apecifications, contracts, !'Ched·.ileu ,

.

-a-SECTION 4.02.. Funds

and

Other Resources to

be

Provided

by

Borrowe-r . The Borrower shall provide promptly aa needed all funds,

in addit ion to the

Loa,

and all other resources required for the

pt.nct ual and effective carrying out. maintenance, repair , and

Of•eJ:ation of the Project ..

SECTION 4 . 03 ,

Continuing

Consultation.. The Borrowe-t'

and

A. I . D. shall cooperate fully to aasure that the

purpoee

of the Loan ·ia7Hl be accomplished . To this end,

the

Borrower and A. I . D .. shall from

t i me to time, at the request of either ｾｲｴｹ Ｌ＠ exchange views ｴ｢Ｑｾｯｵｧｨ＠

their representatives

with

regard to the progress of the Project , the

pe1:£ormance

by

the Borrower of ite obligations under this Agreement ,.

t h e performance of the eouaultante,

contractors,

and suppliers engaged

on the Project, and other matters relating to the Project.

SECTION 4 .. 04.

Man,a.gement.

The

Bon:over

shall provide qualified

and experienced

m&Mg&».ent

for the Project

and

&hall

train

such staff

an may be appropriate .for the maintenance and oper.atiou of the Project .

SECTION 4 . 05.

QReration and Maintenance.

The

BorrdWer shall

011erate , •intain, and repair the Project in conformity with sound engineer:l)lg, financial , a!ld a.dminietratiTe practices , in ｣ｯｮｦｯｲｭ ｾ Ｎｴｹ＠

v i.th t:he pl.ans refer.rGd to !tu Sections 3 o01 (g) and 3.03 (a) , and i1l

such manner u to iasure the continuing and successful acbi ever.umt G<f

the purposes of the Project .

SECTION 4.06. Ta:ation. Thia

Agreement, the

Loan, and any e,ri4ence of indebtedness issued !11 connection

herewith shall be free

end free

from, any

taxation or fees imposed under the lawa

in

effect

within the couutry of the 'Berrower. To the extent that: (a.) any

｣ｯｮｴｲｾ｣ｴｯｲｾ＠

including any consulting firm, any perfl01l1lel of

ｳｾＢｃｨ＠

contractor financed hereunder, and

any

property or transactions

r el ating to such contracts and {b) any emmoodity procurement trans•

c-.ction

financed hereunder , are not exempt from identifiable taxes,

ta%'iffs, duties, and other levies imposed under laws 1n effect f.n

the country

of

the Borrower, the Borrower shall!)

&a

and

to the

extent

prescribed in and purawint to Implementation Letters,

pay

or reimburse

the aame under Section 4.02 of this Agreement

with

funda other than

ｴｾｏｓＴＹ＠ ｰｾｯｶｩ､･､＠

unde% the Loa.no

SECTION 4.07. Utilization of Gooda and Services.

(a) Goods

and

services financed undel: the Loan shall be

used exclusively fm: the Project, except as A. I.D. may othervisE ag7:ee

ia

wr:iting.

Upon completion of the Project , or at auc:h other

ti.::ae H!I

8'>ods financed under the to.m can no l0D3er usefully be employed for the Project. the Borrower may uae

or

_{dispose of 8UCh goods in} S\lCh

mmmer as

A.I.D.

may agree to

1n

writing

prior to such ue or disposition.

(b)

Except as

A.I.D. may otherwise agree

in

writing, no goods

ｏｩｾ＠ services .financed uudeT the Loan ehall be used to promote

or:

_assiirt any

foreign aid project or activity associated with or financed

by any

ccuntry not

ｾｬｵ､･､＠

ill

Code 935 of the AoI.D. Geographic Code Book

aa

in effect at the

time of such uae.

SECTION 4o08 o Disclosure of Material Facts and Circumst•lDCe!•

-10-t:hat it has disclosed or eaused to be disclosed to A. IoD. :bt the

course of obtaining the Loan are accurate

and

complete,, end that

it

has

discloser:! to A. I.D. :- _{accurately and completely, all facts and <:ircum"'}

stances that might materially affect the Project and the discharge of

its oi>ligations under this Agreement.. The Borrower shall promptly

inform A.I.D. of any facts

and

circumstances that fl!4Y hereafter arise that might materially affect, or that it is reasonable to ｢･ｬｩｾ＠ Blight

ｭ｣ｾｴ･ｲｩ｡ｬｬｹ＠ affect:- the Project or the discharge of the Borrower' a

obligations under this

Agreement.

SECTION 4 . 090

Colmlisaions₃

Fees,

and

Other

Paymemts .

(a) Borrower warrants and coven.ante that

in

connection •Jith

obtaining the

U>a.n, ot:

taking any action under or with

respect to this

Ar,reement, it has not paid, and will not pay

or

_{agree to pay, no&: to}

the best of its knowledge has there been p.aid nor will there be paid

or agreed to be paid

by any

other person or

entity,

commiaaiona, fees ,

or other payments of any kind, except aa regular ｾｯｭｰ･ｮｳ｡ｴｩｯｮ＠ t o the

Borrower's full

time

officers and employees or as eOPJ.pensation for

'bona fide

professional,

technical , or comparable

services .

The

Borrower shall promptl7 report to A.I.D. any payment or agreement to

P'lY for such bona fide professional, technical. or ｣ｯｭｰ｡ｲ｡ｬｾｬ･＠ se::viees

to which

it

is

2 party

or of which

it

baa knowledge (indicntiug •Alether

St.'ICh payment has been made or is to be made on a eontiugsut baai.J), and

.. 11.

(b) The BorrO'tr1eT warrants and covenants that no payments have been o:r will be received by the Borrower> or any official of the

ｂｯｲＮＺｾｯｬｴＱ･ｲＬ＠ in connecticn nth ·i:he procurement of goods and ･･ＮｾＱ｣･｡＠

financed hereunder. except fees, taxee, or similar payments legally

est:liblished in

the

country of

the

Borrower.

SECTION 4.10. Mainteium.ce and Audit of Records. The Bottower shall maintain, or cause

co

be _{maiutained. in accordance with sound} accounting pt'inciples aud practices

conaiateutly

applied, books and rec.ards relating both to the Project

and

to thia Agreement. Such book• and records shall, without 11mitatiOD, be adequate to show:

(a) "rne receipt and use made of goods a:ad services acquired with funds disbursed pursu.ent to this Agreement;

(b) the nature and extent of solicitations of

ｰｲｯ･ｰ･｣ｾｩｶ･＠

supi>liers of goods G1ld services acquired;

(c) the basis of the award of contracts and orders to

succeneful bidders;

and

(d) the ｰｲｯｾ･｡･＠ of :he Project.

Such

'booke

and record:J shall

be

regularly audit•d:t

in

e.ec">X'dance

with aound auditing ste.dards, for auch puiod aud at such ｩｮｴ･ｲＭＱｾＱｇ＠

as A. IoD. may require, and shall be maintained for five yea.rs af·eu

the date of the last diebursement by

ａｾｉＮｄｾ＠

or

imtil

all sums

due. A. I.D. under this Agreement have been paid, whichever date shall first

occ:.

-12

00

such iufol:metion .and reports relating to the Loan and to thca Project

ｾｇ＠

A.I.D.

mny

request.

SECTION 4ol2. Inspections. The authorized representatives

ｯｾ＠

A.I.D. 3hall have the

right

at all reasonable times to inspect the

＿ｾｯｪ･｣ｴ ｩ＠

the utilization of all goods and services financed under t.he

toant> a:rid the Borrower's books, records, and other decuments relating to the rroject and the Loano The Borrower ehall cooperate with Ao I.D .

to

facilitate such 1Jlspe<:tions &nd shall peTDdt representatives of

A.I.D. to v:i.oit

any

part of the country of the Borrower for any purpose

ｲｾｬ｡ｴｩｮｧ＠ to the Loan.

SECTION 4.13. Investment Guara::ity Project Approval by ｂｯｲｲｯ ﾷ ｾ＠ o

Tile Borrower •grus i:ha.t the contracts .for the construction work to l>e financed unde-r this !g=eenen.t may be insured hy the Oversee.a Pr:f.,l'flte Inveatment ｃｯｲｰｯｲ｡ｴｩｯｮｾ＠ mi agency of the United States. of ａｭ･ｲｩｾ｡ Ｎ＠

ARTICLE V

Specbl Covenant and Warranty

SECTION S.OL Accese Road•. The Borrower shall cause all rt qaired 8C(!oas roads for the Project to l>e constructed 011 a timely

b&.sis

and

in eonfoTmity

with

the plans submitted in fulf illmeut of

Sc-cti.one 3.0l(h) and 3 .03(h).

ARTICLE VI

Procurement

..

13-may othen-1.se agree in witing, dbbUTse:ments tna.de pursus.nt to Sec.:ion 7 .Ol shall be used e:clusively to _{fimmce the procurGlent fox the}

Project of goods and services having both their source

and

origin

in

countries inc hided in Code 941 of the A. In ｄｾ＠ Geographic Code Book as

in

effect at the

t:tm.e

orders are placed for such goods

4nd

services.

SECTION 6.02. !!,!gil>ilitY Date. Except as A. I.D. may othe'l' ..

wise agree 11:& writing, no goods or eerviee&

may

he fin&D.ced under the

LollD.

which are

_{ｰｾｯ｣ｵｲ･､＠}

pursuant to orders or contracts firmly placed

oz entered into ｰｲｩｯｾ＠ to December

21,

ＱＹＷＳｾ＠

SECTION 6. 03.

Goods and

Services Not Financed Under

Loan.

Goods end services pr.ocured for the Pi-c-oject, but not financed undO'r

the Loan, shall have

their

aoUlt'ce and origin

in

comitri.es i:nclt.dd

1.!t

Code 935 of the A. IoD. Geographic Code Book as i:a effect at tb.c-. tir.o.e

ordere

are

placed

ｦｯｾ＠

such goods aud

serviceaa

SECTION 6. 04 .

.!!!I?

ｬｾ｡ｴｩｯｵ＠ of Procuement ｒＡ＼Ａｕｩｲ･ｾ｟ＡＮＡＮ＠

The def1ntt1on.s applies.late to the eligioility requf.rem.ents of

Sections 6 . 01 and 6 . 03 vill be aet forth in detail in Implementation Letter a .

SECTION 6.05 . Plans .. Seeci£.!eatioas, and Cont:r!.S,.t:,,!• (r.) Ezcept u A,, I . D. iuy othcn"Wise agree ia writing it the

Borrow:ir shall fur.iich to A. IoD. prom?tly lfP011 preparation, alt. plans. ｡ｾｩｦｩ｣｡｣ｴｭｵｳ _ＱＱ＠ construction schedule•, 'Did ctocument s , nnd con.tract a relating to the Project • and any modifications there:' n , ﾷ ＮａｩｊＮ ＢＧｴＮｨｾＺ＠

or not the goods and aenices to which they relate are f ｩｵ｡｡｣ｾＮ｣ ｬ＠ ｵｮＺ ｬ ･ ﾷ ｾ＠

•14-(b) Except &s A. LD. may otherwise agree in ｷｲｩｴｩｮｧｾ＠ all

of

ｾｨ ･＠

pl&1S$ specifications$ aud &ouetructiou

schedules furnished

pursuant to subsection

(a)

above ehall

be

app1!'oved

by

A.I.D. in

<writing.

(c)

All bid documents and

､ｯ｣ｵｭｾｴｳ＠

related to the solicitation

o .£ _{proposals :{'elating to goods and aerviciM financed Uftdtt the I.osn} eh.all be ap??OVed by A. I. D. in writing prior to their 1.ssuance. All

ｰｾＮｳ＠ .. speeifica.tiom , and other documents relatillg to goodn snd

eervi.ces f:l.luEluc'3d u:!!der the LoAD ah.all be in terms of metric

&t:at:.dards and mu.curenunr.s , exeept as A. I.D. may otherwise agree f.n writing.

(d) Except as A.I.D.

iif4Y ocherwiae

agree

in writings tlle

/

feller.ring contracts financed under the Loan shall 'be approved by A. L D. in writing prtor to their execution:

(1)

CO!ltracte

for

engi:neering

and other professional Se:t'\<'"ices

(ii)

contracts for construction servit::es;

(iii)

contracts for such other

servicea

as

A. I.D.

ms.y

specify;

and

(iv)

contracts for such

equipment and materials as A.InDo

may B".i)eCify.

Iu the cue of f'.ny of the ｡Ｇ｢ｯｶｾ＠ contra.eta for services , A, I a Do sb&lJ. n :.Bi:

approve in

writiD,g

the caatrac':or

and such com:ractor

ｰ･ｲｳｯｮｮｾｬ＠

as

ａｾｉＮｄ Ｌ＠

may apecify. Material 11Wdificatf.ons in any of su.cb contracts and "!hBf;et

..

15-(e) Consulting fir1Iu1 used by the .Borrower for the Project but

not financed under the

ｌｯ｡ｮｾ＠

the scope of their services and

such of

their personr>..el assigned to the Project as A. IoD•

may

specify, and

constrl!etion.

contt"sctors used

by

the Borrow« for the Project but

t:.ot financed under tha Loan shall be &tZceptable to Ao I.D ..

SECTION 6.06. Reasonabltl Price. No more thau reasOD.able

pr!cea shall be paid for any goods or services financed. in wole or in

ｰ ｡ｲｴｾ＠

under the Loan:i aa mere fully deect'ibed

in

Implementation L<ltters •

.3uch items ohe.11 be

p-rocured

on a fair and, except for professional

eervices, on a competitive basia

ill

accordance with procedures therefor

Freacribed

in

Implameutation Letters.

SECTION 6.07 o Enrployment of Third•cmmtr;y Nationals \\'Jlder Construction Contractso 'l'be employment of personnel to perfo:rm

£ervices under e0118truction contract• finauced under the

ｾｮ＠

shall

be subjeet to

requiremem:e

with

reapec-t

to ｴｨｩｲ､ﾷ･ｾｵｮｴｲｹ＠ uat1onals

ｰｾＴｓ･ｲＱｾ､＠

in Implementation Letters.

SECTION 6.08. Shipping

ad

Insuran.ceo

(a) Goods

fiiv.lt.ced

WN'ler the Loan ah&ll

l>e

trmisporteci to

the country of the Borrower 011 flag card.era of any couutry incl udei in Code 935 of the A. I.D. C-ec>gl'•phic Code Book as in effect at t.he t ime of

shipment.

(h) At least fifty

percent

(Sot) of

the

gross

tonnage

of all

goods financed under the Loa (computed separately for dry bulk

carriers, th'Y cargo liners, and tankers) vhich shall be transported

·16-flag

｣ｯｭｭｾｲ｣ｩ｡ｬ＠

vessels uulems A.I.D. shall determine

that

such vessele

are not available at fair

and

reasonable rates

fo:r:

Uaited States

flag

cO't!merci&l 11Gaeels. In addition, unleas A. I.D. make• the determinatiou

of tlnavailnbiU.ty noted above., st least fifty percent (50'Z.) of the

ｾｯｳｳ＠

freight revenue

ｧ･ｮｾｺ｡ｴ･､＠ by

all shipments

financed

tt!Uler the Loan which

Jhall be transported on dry cargo liners shall be paid to or for. the

benefit of p-rivately owned United Statea flag commercial veaaels.

No such goods ll'Ay be transported on my ocean ves•el (or aircraft) ( i) ｾＮｕｩ｣ｨ＠

A.I.D. , in•· notice to th•

Borrower,

has deeign.e.ted aa ineligible to .,.fl!TY A. I. D .. •f!.nanced goods or (11) Wilch haa been chartered for the eUT:f.age of A.l.D ... financed goods uulesa such char1;er has been approved

b:r

A. l.D.

(c)

If

in coirnectf.on with the pln.cement of marine insuraace on a!lipmemte finatteed tmier United States legislation authorizing Essintence to other nations, tlle country of the Borrower, by statute, decree, l .1!1 ·:• or regulation. faYOrs any marine insurance company of any countty ｯｶｾ＠

any marine insurance cmnpac7 authorized to do 'bu.sinus in any :at:·ite o i.

the United States of Amen.ea, goods procured from the United ｓｴ Ｎｾｴ･ｳ＠ and financed uncler the t.oan ehall, during the continuance of such discrimina .. tion!f be innred against marine risk in the United States of ａｭｾｲｩ･｡＠

wltb a C013pa.uy or compSDies authorized to do a marine ｩｮｳｵｲ｡ｵ｣ｾ＠ buainees

in any atate of the Uuited States of America.

(d) The. Borrower shall iuaure, or cause to be innred, all goods ff.nancect under the Loan agaiuat riaks incident to their transi t to the pof.nt of their UBe in the Project. Such insurance tihall be

is&l!d upon terms ax:.d eowlitiona cOD11ietem: with sound commercial

... 17 ...

in the curil'."ency in wicb. such goods were finauced. P.s:a.y indemnification

:.ece:!ved

by

the Bonower under such insurance ehall be used to replace

or repaiT any mete:z-ial damage

ar

miy loss of the goods in1!mrEsd O'r

shall be used to reimburse the :Borrower for the replacement or repair

of. such goods.

Any

such re.placements shall have both their

source a.nd

origin

in

eountriea included in

Code

941 of the

ａｾｉ Ｎ ｄＮＬ＠

GeogTapb.ic Code

I:ook and shall be otherwise: subject to the provisions of this Agreement o SECTION 6.09. ｾｯ｣ｩｦｩ｣｡ｴｩｯｮ＠ to Potential Suppliers. In order

that

all ｕｾｩｴ･､＠

States firms shall have the opportunity to participate

in

furniahing

goods and services to be financed under the

ｌｯ｡ｮ ｾ＠

the

!·orr0t1er shall furnish to A. I.D. such infonaation with regard thereto11

ｾＭｮ､＠ at such tiaea, as A. I.D. may req_uest in Implemeutation Lettera.

SECTION 6.10. In.formation and Marldg. Borrower shall ｧ｢ｾ＠

publicity to the Loan and the Project as a program of

United

States

ｾｩ､Ｌ＠

identify the Project

E1te9 Qnd

provide other markings or pt•blicity,

ｾ＠

prescribed in Impl¢!1De11t&tion Letters.

ARTICLE VII

Disbut:semeuts

SECTION 7. 01. Disbursement • Letters of Conaitment to United

Statea Banks. Upor;

aatiaf&ctioa

of coaditions prece4ent

11

the

ｂｯｲｲｯｷｾ＠

uviy, from time to ｴｦＮｭ･ ｾ＠ requeat

A.I.D.

to issue Letters of Cosnitment

for specified amounts to one or more ｕｾｩｾ･､＠ States ｢｡ｮｫｳｾ＠

satia1aetoxy

to AoI.D., committing AoI.D. to reimburse auch

bank

or

banks

_{ｦｯｾ＠ ｰｳｶ ｾ＠}

·18-Lett ers of Credit or

ｯｴｨ･ＧｬＧｗｩｳ･ ｾ＠

for costs of goods and services

procured for the Project in accot:dance with the terms and conditions of this Agreement. Paymeut by a bank to a contractor or supplier

ｾ ｩｬｬ＠ be made by the

1>aDk

upon presentation of

such

supporting

tloel.1'.Mm.tat.ion as

A. I.D.

may prescribe :tn Letters of Commitment

Elnd

Implem.entation

Letters. Banking charges incuned in connection

with

ｌ･ｴｴｾｳ＠ of Commitment and Letters of

Credit shall be for the

ｾ｣｣ｯｵｮｴ＠ of the BorroT.ier anc may be f iuanced under the Loan.

SECTION 7.02. Other Forma of Disbursement. ｄｩｳ｢ｾｳ･ｭ･ｵｴｳ＠ of

the Loan may also be made through such other means as the Borrower

li:nd A. IoD. cay agree to in writing.

SECTION 7. 03.

Date of

Diebureemet!t• Disbursements

by

A. I . D.

ehall be deemed to occur, (a) in the caae of disbursements pursuant to

Section 7 .Ol, on the date on ｾｩ｣｢＠ A. I.D. raakes a disbursement to the

ｂｯｮＺｾＭＮ･ｲＬ＠ to 1.te designee , or t.o a banking institution pureuant co a

Letter of Comsnitmeut.

SECTION 7o04.,

Terminal Date for Dbburaesnent. Except

as A. I ").

may otherwise agree in writing, no Letter of Commitment , or other

commitment documenta which may be called for by ｡ｮｯｴｨｾ＠ form of ､ｩｳｨｵＺｲｳ ｯｾ＠

meut under Section 7.02, or amendment thereto, shall be issued in

response to requests received

by

AoI.D.

after April 30

₀

1977, and no

diBburseme.nt shall be made against documentation received by A. Io

Do

or eny bank described

in

Section 7. 01 after April 30, 1979 0 A.al. Do ,

-19-ARTICLE VIlI

Cancellation

and SusJ?t!11sion

SECTION 8 o 01. Caucell.at ion by the Borrawu. The Borrowe'l: ｭ｡ｹ ｾ＠

w5.th the prior

written

consent of A. I. D°" by written notice to A. I. D. ,

cancel any

ｰ｡ｾｴ＠

of the Loan (1) which, prlor to the giving of such

ｮｯｴ ｩ ｣･ｾ＠

A.I. D. has not disbursed or cOllD.itted itself to

､ｩｳ｢ｵｲｳ･ ｾ＠

or

(ii) T.:1bich has net then boon utilized through the issuance of

ｩｾｲ･ｶｯ･｡｢ｬ･＠ ｌ･ｴｴ･ｾｳ＠

of

Credit or through bank payments made other

than under irrevoeable Letters of C!:edit.

SECTION 8. 02 . Events of Default; Acceleration. If

any

ooze

or more of t he folla:dng events ("Events of Default") shall ocetu:: (a) The ｾｏｴｔｏｗｇｔ＠ s:hall have failed to pay Wen due &1JY

interest or installment of Priueipal required under

this Agreement;

(b) The Borrower shall have failed to

c<>mply

with sny ｯｴｨ･ｾ＠

provision of this Agreements ｩｮ｣ｬｵ､ｩｮｧｾ＠ but with out limitattou,

the obligation

to

carry out the Proj ect with

due diligence and efficiency;

(c ) The

Barrow.er

shall have

failed to

pay

when doo any

interest or

auy

installment of

Principal

or

em.y

ot her

payment 1:equired unde-r Sf.'lY other lean sgreattent ｾ＠ eny guaranty agreement , or any other agreement bao1een t h e

-20 ...

then A. I.D. mtty:o at its opt ton,. give i:o the Borrower notice that all

or auy pert of the unrepaid Principal shall be due

and

payable sixty (60)

days ｴｨｾｲ･･ｴＮｦｴ･ｲＬＬ＠ anti, unless the Event of Default is cured within such sbr.ty (60) de.ya:

( i) eucb mrrepaid Principal snd any accrued intel!'est ｨ･ｾ･ｵｮ､･ｲ＠

shall be due

and

payable immediately; end

(ii) the amount of any :further dbhursements made under

then outst&lding irrevocable Letters of credit or

otl·u:szwise sh:all become due and payable

ae

soon as

made.

SECTION 8.03. ｓｵｳ･ｾｳｩｯｴ｜＠ of Diabursement. In the event that at 8-.n:y ｴｩｾＺ＠

(a)

An

Event of Default has oc:cun"ed;

(b)

An

event occUTs

that A.I .. D. Cletes:miaQs to ba an

･ｸｩＺｲＮ｡ｯｾ､ｩｮ｡ｲｹ＠

situation that

mattes

it improbable either that the purpose of the Loan

will be attained or that the ｂｯｲｲｾ＠ ｾＺＭｩｬｬ＠ be able to perfozm ｩｾｳ＠

obligati<ma ｵｮｾｔ＠ this Agreement; or

(e) Any disbursement by A. ｉｾｄＮ＠ W01lld be in violeti<m of ｴｨＮｦＺｾ＠

legi&lation g.averuing

ａＮｉＮｄｾ［＠

(d} The ｬｫｮＧｲｾｲ＠ shall have failed t:o pay when duti any ｩｮｴ･ｲｾ ｣ｴ＠

or

any

i1UJtallment of Principal or any other payment required under

U J

other loe.n agreement.

eny

guaranty egreewent, or

any

other agreement

between the :SOnower or any of its agencies and the Gove:rmnent of the

Then A.I oD. may , at its option:

(1) nus'_Pe!ld or csneel outataading commitment

documents

ｾｯ＠ the e?.teut that they have not been utilized tlu:ough

the is.su£.uee of trrevoc::able Letters of Credit or

through bcnk payments made other than under irrevocable Lettars of Credit!) in which event A. I.D .. 00.all give

notice to the

Borrower promptly thereafter;

(ii) ｾ｣ｬｩｮ･＠ to

make disbursements othu then under

outstanding

coialtaent ､ｾｴｳ［＠

(iii) decU.ne to issue addtticnal cor.md.tment doeume11ts;

(iv) at A.I.D.'s expense, direct tha.t title to goods

financed under the Lean shall be transferred tG

A.I.D.

if

the goods are from a source outside the

country of the Borro;oer, ue

in

a deliverable state

and have not been off loaded

in

ports of

cm.try of

the country of the

Borrower.

Any disbursement ma.de

<n _{to be made wteler the IQ4n with respect io such}

t'ransferred goods ah11ll be deducted from Principal. SECTION 8.04. C&ncellation

l>x:

A. I.D. Followi.ni any suspeasiion of disbursements pu?:Bt\llnt to ｳｾｴｩｯｮ＠ 8 . 03, if the cau&e or cwses

fcn-sueb ooepenciou of disbursements ahall not have been

･ｬｩｭｩｾｴ･､＠

or

corrected mthin ei."tty (60) days fr(J;l! t:he date of sueh suspa.sion9 Ao I . D. may, a.t its option3 at any time or times thereafter5 eaucel 1tll

07:

any part of the

Loan

that

ie not then either disbure&d or subjec-;;

_:l

-22 ...

SECTION ＸｾＰＵＮ＠ ｃＬｯｮｴｩｾ･､＠ ｅｦｦ･｣ｴｩｾ･ｳ｡＠ of ａｧｲ･ｾｯ＠ W t h •

stending any

｣ｾ･･ｬｬ｡ｴｩｯｮ Ｄ＠

auapene.ion of dishursel'i:ent,

ｯｾ＠

acceleration

of ｾ･ｰｴＺｲｊＡｉＡ･ｮｴＺｾ＠ the provUfons of this ａｾ･ｮｴ＠ Dhall contiDue in full

force and effect until the payment

in

full of all Principal and

any

accrued 1nte'!:'est

ｨ･ｾＦｵ､･ｲｯ＠

SECTION 8.06.

ｒｾｦｵｮ､ｳｯ＠

(.a)

In the caae of any disbursement not suppm:ted by valid

doeumenta·i::iol! ia seco-rdance with the terms of tbi1 Agreement : o-r of any

disbu:rsement not made or used bl ace«dance with the .tel'mB of thb

.AgreEr>.ient, A .. I . D. : _{notwithstanding the availability or exercise of 31.\y}

of th-e othe?.' remedies in:ovided for under thu Agreement, l!Niy require the Borrower to refund such emmmt in United St.sees ､ｯｬｬ｡ｴＢｾ＠ to Ao Ia D. with:tn

thirty dayl!J after receipt of a

ｲ･ｾ･ｳｴ＠

therefor.

ｓｵｾｨ＠

amount ah.all ba

ntede ovaileble

firat for the cost of goods

and ｳｾ｣･｡＠ ｰｾｯ｣ｵｲ･､＠ ｦｯｾ＠

the Project ｢･ｲ･ｵＺｮｩＡ･ｲｾ＠ to the _{extent justified; the renalnder, i f any,}

shall be applied to the inat&llments of Princ1pe.l

in

the !rrveroe orde't'

of their maturity and the amount

ot

the LoAn shall be reducE>..d by tht9 amount of such rmnainder. Not:withotandillg any other provioion in chi&

ａｧｲｾｮｴＮ＠

A.I . D.'s

right to requue a refund

with

reapeet

to any

disbureement under the Loan shall c.ontinue for fiv.e

ｹｾｳ＠

follO'ffing

the date of such disbur:ament.

(b) In the event that A. I .D. receives a ｾ･ｦｵｮ､＠ from say

contract.or. supplier, or bald.ug institution, or ｾｯｭ＠ any other thud

party connected with the Loan

1

with respect to goods or services

flr.anced under the Loan, .rmd such 't'efund relates to an unreaso!14ble

-23 ..

ｮｰ ･｣ ｩｾ ｩ｣ｾｴｩｯｵｳＬ＠

or to

serviee.n

that were inadequate,

A.I.Do

shall first

ｲｮ ｾ ｫ ･＠

such r ef und svailable for the

｣ｯｾｴ＠

of goods

end services prae\tt'ed

for the P:i:oject hereunder, to the extent justified, the remainder ·i::o be applied to the installments of Prineipal in ｴｨｾ＠ inverse ord0r of their ｭ ｾｴｵｲｩｴｹ＠ anc1 the amouut of -the Loan shall be reduced by the

milount of :ruch i:-s.aiader.

SECTION 8. 07.. &g>ensea of Colleet:l.ou. All reasonable costs incurr ed by A. I.D., other than salaries of its staff, in couneetion with the eollectiou of any refund or in connection with amounts due

A.I.D. by

reason of the occurrence of any of the events

•P"ified in

Section 8 .. 02 may

be

chuged to the

Borroww

and reimbursed to A.I. D.

in such ma.tmeT an A. I.D. may specify.

SECTION 8.08. Nonwaiver of Remediee. No delay in exercising or

omissi on to exercise any right11 p<rtJer, or 1:emedy acc:nd.ng to AoI . D. uudei: thia ｾ･ｭ･ｮｴ＠ aball be constJ:Ced es a waiver of ruiy of sueh

rights, powera, or remedies ..

ARTICLE IX

Miflcellaneous

SECTION 9.0lo Coam.Al!catio:lwo Any notice, t?equestp document , or other oommunication given, made, or sent 1-y the Borrowu o-r A. I . D.

pvrmumt to thie Agreement shall be 1n writiug or 'Dy ｴ･Ｎｬ･ｧｲ｡ｭｾ＠ C4ble, or radiogram and shall ba dffn?ed to have been duly giv.m, made, ar sent

t.o the party to 11h1ch it is addrt.aseed wbcm it shall he delivered to au.ch

Mail Addreu: Departemen Luar Negeri Tamsn Pedjambou 6

Jakarta, Indonesia

C4ble Addreae: DltPLU .Jakarta

Mail Address: ｕｮｩｴｾ＠ St.ates Agency for International

Development

Am.erie&t !mbaasy

.Jakarta, !ncloneei.a Cable Address: USAID AMEM3 JAKARTA

ｏｾ｢･Ｚｲ＠ addresses tDaY be substituted for the e.bove upon the

giving

of

notice. All notices, requests, commmicatiomi. and documents submitted

to A. I.D. hereunder shall bs in Engliah, except as ａｾ＠ I.D. may othertdse

agree in writing.

SECTION 9.02. Represen.tat1VeJS. For all

ptn:posea

relativ-e to

this .Agreement, the Borrower will !Ml ｲ･ｰｲｾ｡･ｮｴ｡､＠ by the individual holding or acting in the office of Chai.rmau, National Development: Planning Agency, end A.I.D. will be represented by the individual

holding or acting

in the office of Mission

ｄｩｲｾｴｯｲＬ＠

USAID to lndoneei&.

Such individuals shall have the authority to designate additional

ｲ･ｰｾ･ｳ･ｵｴ｡ｴｩｶ･ｳ＠ by tvT1tten notiee. ill the event of any replacement

or other designation of a representative hereunder, Boi.-rower $hall

nature

in

form

and

substance satisfactory to AoieD. Until

ｾ･｣･ｩｰｴ＠

by A .. I.D. of writteu notice of revocation of the authority of :my

of the duly authorized rQprasentativea of the Borrower

､･ｳｩｧｮｾｴ･､＠

ｬＺ･ｰｾ｣Ｎｳ･Ｑ＿ｴ｡ｴｩＭＮＮｲ･＠ or z-epreeentat:ivee on any

instrument

.as

eon>:luelve

ｾＷｩ､･ｮ｣･＠

that

eny action

effected

by

such

instrument

b

duly

autho't'ized.

SECTION 9.03. J:se.lementation yetters. A .. I.D. mall from time

applicable he:!'eunder in connection with the implementation of this

Agreement.

SECTION 9.04. Promissory

ｎｾｾＭ

At euch time or

ｴｩｭ･ｾ＠

as

A.I.D. may request,. the Bottowr shall iclil\le promi.asory notes or such

other evidences of indebtedness w1th respect to the Loan, f.n such form,

containing such terms and QUpported

by

such legal opiniona ae A.I.D.

Q!l.y

reason<!bly requeat.

SECTION 9.05. Teniination Upon Full Payment. tlpon payment in

full of the Principal end of auy accrued interest 1 thla Agreement 4nd

ell obU.3ations of the Borl'6'tfel::' a.n4 A. I4D• \Dlde.r th:la to. Agreement shal 1 terminate.4

IN WITNESS WHEREOF, Bot'J:>OWer and the United Stat•s of Amerie.a, e1lCh

acting through its

ｲ･ｳｾ｣ｴｩｶ･＠

duly

｡ｵｴ｢ｯｾｩｾ＼ｴ､＠

representative, have

ea.used thio Agreement to

｢ｾ＠

signed lu

ｴｨ･ｩｾ＠ ｾｳ＠

and delivered

ｾｳ＠

of

the day and year first al.ton vritten.

THE REPUB!4t /JI ｾｏｎｴｦｩａ＠

By:

Signed

B.

's.

0

cii4

Director GGDE:r41 for For41gn

Economic Relation.•

Department of Foreign

ａｦｦ｡ｩｾＦ＠

'l1tE UNITED STATES OF AMERICA

Signed

By:

ｾｾＭＭｾＭＭｾｾＭＭｾｾＭＭｾｾｾ＠

Richard M. Cashin

Director