Miinus B Trading System

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Amount due under Section 2. Notwithstanding the Miinus B Trading System of paragraph 1 above, no withdrawals shall be made in respect of payments made for expenditures prior to the date of this Agreement, except that withdrawals in an aggregate amount not exceeding EUR 1, may be made on account of payments made for expenditures before that date but after December 10, Special Account 1.

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The Borrower shall open and maintain in Euro a special deposit account, in a commercial Bank, on terms and conditions satisfactory to the Bank including appropriate protection against set-off, seizure and attachment. After the Bank has received evidence satisfactory to it that the Special Account has been opened, withdrawals from the Loan Account of amounts to be deposited into the Special Account shall be made as follows: a until the Bank shall have received: i the first Project Management Report referred to in Section 4.

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Payments out of the Special Account shall be made exclusively for Eligible Expenditures. For each payment made by the Borrower out of the Special Account, the Borrower shall, at such time as the Bank shall reasonably request, furnish to the Bank such documents and other evidence showing that such payment was made exclusively for Eligible Expenditures. Notwithstanding the provisions of Part B. The Bank shall not be required to make further deposits into the Special Account in accordance with the provisions of Part B.

Upon such notification, the Bank shall determine, in its sole discretion, whether further deposits into the Special Account may be made and what procedures should be followed for making such deposits, and shall notify the Borrower of its determination.

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Unless the Bank shall otherwise agree, no further deposit by the Bank into the Special Account shall be made until the Borrower has provided such evidence or made such deposit or refund, as the case may be. Withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Account shall be made as follows: a For withdrawals of the Authorized Allocation, the Borrower shall furnish to the Bank a request or requests for deposit into the Special Account of an amount or amounts which in the aggregate do not exceed the Authorized Allocation.

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On the basis of each such request, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and deposit into the Special Account such amount as the Borrower shall have requested. Prior to or at the time of each such request, the Borrower shall furnish to the Bank the documents and other evidence required pursuant to Part B. On the basis of each such request, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and deposit into the Special Account such amount as the Borrower shall have requested and as shall have been shown by said documents and other evidence to have been paid out of the Special Account for Eligible Expenditures.

Editorial, Equipo Full Text Available This factory building in Enns has been erected as an enlargement of the Linz facilities that had become too small. It contains an acrylonitrile processing plant and the whole range of accessory installations required for its operation, both from the technical side, such as equipment, etc. Outstanding in this project is the elaborate infrastructure, such as the terracing and filling of 40 Ha of land to evercome the risks from the cyclic sweiling of the Danube, or the water supply, treatment and distribution systems for the various installations. Worth mentioning are also the planning for future expansion, which in successive enlargements and additions will cover Ha and employ up to 5, people. Este edificio fabril se ha levantado en Enns con objeto de ampliar las ya pequeñas instalaciones de Linz.

Each such deposit into the Special Account shall be withdrawn by the Bank from the Loan Account under one or more of the Eligible Categories. The Bank shall not be required to make further deposits into the Special Account, once the total unwithdrawn amount of Miinus B Trading System Loan minus the total amount of all outstanding special commitments entered into by the Bank pursuant to Section 5.

Thereafter, withdrawal from the Loan Account of the remaining unwithdrawn amount of the Loan shall follow such procedures as the Bank shall specify by notice to the Borrower. Such further withdrawals shall be made only after and to the extent that the Bank shall have been satisfied that all such amounts remaining on deposit in the Special Account as of the date of such notice will be utilized in making payments for Eligible Expenditures.

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Except as the Bank may otherwise specify by notice to the Borrower, all withdrawals from the Loan Account shall be deposited by the Bank into the Special Account in accordance with the Miinus B Trading System of Schedule 1 to this Agreement.

Each application for withdrawal from the Loan Account for deposit into the Special Account shall be supported by a Project Management Report. Upon receipt of each application for withdrawal of an amount of the Loan, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and deposit into the Special Account an amount equal to the lesser of: a the amount so requested; and b the amount which the Bank has determined, based on the Project Management Report accompanying said application, is required to be deposited in order to finance Eligible Expenditures during the six-month period following the date of such report; provided, however, that the amount so deposited, when added to the amount indicated by said Project Management Report to be remaining in the Special Account, shall not exceed the equivalent of EUR 1, The Project consists of the following parts, subject to such modifications thereof as the Borrower and the Bank may agree upon from time to time to achieve such objectives: Part A: Trade Facilitation Establishment of a pilot electronic data interchange system.

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Part B: Road Rehabilitation and Upgrading 1 Rehabilitation of about km of priority sections of the Tallinn—Tartu—Luhamaa Road: a rehabilitation of the Kose—Mäo road section; b rehabilitation of the Mäo—Tartu section; and c rehabilitation of the Tartu—Luhamaa road.

Part C: Improvement in Road Safety Provision of technical assistance and works for the establishment of a traffic management and monitoring system, improvement of accident black spots and improved coordination of agencies involved in road safety.

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The Project is expected to be completed by June 30, The following table sets forth the Principal Payment Dates of the Loan and the percentage of the total principal amount of the Loan payable on each Principal Payment Date Installment Share.

If the proceeds of the Loan shall have been fully withdrawn as of the first Principal Payment Date, the principal amount of the Loan repayable by the Borrower on each Principal Payment Date shall be determined by the Bank by multiplying: a the total principal amount of the Loan withdrawn and outstanding as of the first Principal Payment Date; by b the Installment Share for each Principal Payment Date, such repayment amount to be adjusted, as necessary, to deduct any amounts referred to in paragraph 5 of this Schedule, to which a Currency Conversion applies.

If the proceeds of the Loan shall not have been fully withdrawn as of the first Principal Payment Date, the principal amount of the Loan repayable by the Borrower on each Principal Payment Date shall be determined as follows: a To the Miinus B Trading System that any proceeds of the Loan shall have been withdrawn as of the first Principal Payment Date, the Borrower shall repay the amount withdrawn and outstanding as of such date in Miinus B Trading System with paragraph 1 of this Schedule.

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Notwithstanding the provisions of paragraphs 1 and 2 of this Schedule, upon a Currency Conversion of all or any portion of the withdrawn principal amount of the Loan to an Approved Currency, the amount so converted Miinus B Trading System said Approved Currency that shall be repayable on any Principal Payment Date occurring during the Conversion Period, shall be determined by the Bank by multiplying such amount in its currency of denomination immediately prior to said Conversion by either: i the exchange rate that reflects the amounts of principal in said Approved Currency payable by the Bank under the Currency Hedge Transaction relating to said Conversion; or ii if the Bank so determines in accordance with the Conversion Guidelines, the exchange rate component of the Screen Rate.

If the principal amount of the Loan withdrawn and outstanding from time to time shall be denominated in more than one Loan Currency, the provisions of this Schedule shall apply separately to the amount denominated in each Loan Currency, so as to produce a separate amortization schedule for each such amount.

Schedule 4.

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