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LOAN AGREEMENT (Ordinary Operations) (Special Assistance Project) between REPUBLIC OF KAZAKHSTAN and ASIAN DEVELOPMENT BANK DATED 6 DECEMBER 1994 |
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LOAN AGREEMENT (Ordinary Operations)
(Special Assistance Project) between
REPUBLIC OF KAZAKHSTAN and
ASIAN DEVELOPMENT BANK
DATED 6 DECEMBER 1994
LOAN AGREEMENT (Ordinary Operations)
LOAN AGREEMENT dated 6 December 1994 between the REPUBLIC OF KAZAKHSTAN (hereinafter called the Borrower) and ASIAN DEVELOPMENT BANK (hereinafter called the Bank).
WHEREAS
(A) the Borrower has applied to the Bank for a loan from its ordinary capital resources and a loan from its Special Funds resources for the purposes of the Project described in Schedule 1 to this Loan Agreement;
(B) by an agreement of even date herewith between the Borrower and the Bank (hereinafter called the Special Operations Loan Agreement), the Bank has agreed to lend to the Borrower from the Bank's Special Funds resources an amount in various currencies equivalent to thirteen million four hundred seventy-two thousand Special Drawing Rights (SDR 13,472,000) for the purposes of the Project; and
(C) the Bank has also agreed to make a loan to the Borrower from the Bank's ordinary capital resources upon the terms and conditions hereinafter set forth;
NOW THEREFORE the parties hereto agree as follows:
ARTICLE I
Loan Regulations; Definitions
Section 1.01. All the provisions of the Ordinary Operations Loan Regulations of the Bank, dated 1 July 1986, are hereby made applicable to this Loan Agreement with the same force and effect as if they were fully set forth herein, subject, however, to the following modifications thereof (said Ordinary Operations Loan Regulations as so modified being hereinafter called, the Loan Regulations) :
(a) Section 2.01(17) is deleted and the following is substituted therefor: "The term 'dollar' or 'dollars' or the sign '$' means dollar or dollars in the currency of the United States of America."
(b) Sections 2.01(26) and (27) are deleted and a new Section 2.01(26) included as follows: " 'Dollar Pool' means the pool of outstanding dollar borrowings undertaken by the Bank for the purpose of financing disbursements of dollar loans made by the Bank from the ordinary capital resources."
(c) The last sentence of the first paragraph of Section 3.02 is deleted.
(d) Section 3.02(b)(ii) is deleted and the following substituted therefor: "(ii) 'Qualified Borrowings' in relation to the Loan means the outstanding borrowings of the Bank in the Dollar Pool drawn down after 30 June 1992."
(e) The last sentence of Section 3.06(a) is deleted and the words ", as of a date acceptable to the Bank," in Section 3.06(b) are deleted.
(f) Section 4.02 is deleted and the following substituted therefor: "Withdrawals from the Loan Account shall be made in dollars."
(g) Section 4.03(a) is deleted and the following substituted therefor: "The principal of the Loan shall be payable in dollars."
(h) Section 4.04 is deleted and the following substituted therefor: "Interest on any portion of the Loan shall be payable in dollars."