Common use of The Loan Clause in Contracts

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve million dollars ($12,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 or such later date as the Bank shall establish the Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to one hundred million Dollars ($100,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000)b) and (c) of this Section, being the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by Loan (other than the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn fee referred to in Section 2.04 of this Agreement) from the Loan Account in accordance with support of the Program. (b) The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in Dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (or, i) deposit into the Deposit Account an amount equal to the amount of said payment; or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30December 31, 1996 2002 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve one hundred million dollars ($12,000,000100,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods goods, works, and services and Incentivo/OSC Executed Activities Transfers required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the LoanLoan and in respect of the front-end fee referred to in Section 2.04 of this Agreement. (b) The Borrower shall, for the purposes of the Project, open and maintain in Dollars a special deposit account in a commercial bank on terms and conditions satisfactory to the Bank, including appropriate protection against set off, seizure or attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. Section 2.03. The Closing Date shall be June 30December 31, 1996 2006 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1%) of the amount of the Loan. The Borrower agrees that on or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of such fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve million dollars ($12,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary Bene- ficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Investment Project and to be financed out in respect of which the proceeds of withdrawal from the LoanLoan Account is requested. Section 2.03. The Closing Date shall be June 30, 1996 2000 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower and the Guarantor of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred and forty one million dollars ($12,000,000141,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1996, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Quali- fied Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve sixty million dollars Dollars ($12,000,00060,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for: (i) expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods, works and services required for the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan; and (ii) amounts paid (or, or if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary Sub-borrowing Region under a Sub-loan for a Development Project Subsidiary Loan to meet the reasonable cost of goods goods, works and services required for such Development Project and to be financed out under Part B of the proceeds Project, in respect of which the withdrawal from the Loan Account is requested. (b) The Borrower may, for the purposes of the LoanProject, open and maintain in Dollars a special deposit account (the Special Account) in a commercial bank, acceptable to the Bank, on terms and conditions satisfactory to the Bank, including appropriate protection against set-off, seizure and attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 7 to this Agreement. Section 2.03. The Closing Date shall be June September 30, 1996 2005, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of the said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section: (i) Interest Period" means the initial period from and including the date of this Agreement to, but excluding, the first Interest Payment Date occurring thereafter, and after the initial period, each period from and including an Interest Payment Date to, but excluding the next following Interest Payment Date.

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that an amount equal to one hundred sixteen million one hundred thousand Euro (€ 116,100,000). (a) Subject to the provisions of paragraphs (b) and (c) of this Section, the Borrower shall have an aggregate value equivalent be entitled to withdraw the amount of twelve million dollars ($12,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn € 115,519,500 from the Loan Account in accordance with support of the Third Phase of the Program. (b) Except as the Bank may otherwise agree: (i) all withdrawals from the Loan account shall be deposited by the Bank into an account designated by the Borrower and acceptable to the Bank; and (ii) the Borrower shall ensure that upon each deposit of an amount of the Loan into said account, an equivalent amount is accounted for in the Borrower’s budget management system, in a manner acceptable to the Bank. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement for amounts paid (or, if Agreement. If the Bank shall determines at any time that an amount of the Loan was used to make a payment for an expenditure so agreeexcluded, to be paid) by the Borrower on account shall, promptly upon notice from the Bank, refund an amount equal to the amount of withdrawals made by a Beneficiary under a Sub-loan for a Development Project said payment to meet the reasonable cost of goods and services required for Bank. Amounts refunded to the Bank upon such Development Project and to request shall be financed out of the proceeds of the Loancancelled. Section 2.03. The Closing Date shall be June 30March 31, 1996 2006, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1.00%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of such fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 11.00%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to four hundred million Dollars ($400,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000)b) and (c) of this Section, being the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program. (b) The Borrower shall open, prior to furnishing to the Bank the request for withdrawal from the Loan Account, and thereafter maintain in its Central Bank, a deposit account in Dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (or, i) deposit into the Deposit Account an amount equal to the amount of said payment; or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30December 31, 1996 2001, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent 4 (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Periodfour) percentage points. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve five million dollars Dollars ($12,000,0005,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of works, goods and services required for such Development the Project and to be financed out of the proceeds of the Loan, and in respect of the fee referred to in Section 2.04 of this Agreement. (b) The Borrower may, for the purposes of the Project, open and maintain in Dollars 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. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. (c) Promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount required to repay the principal amount of the Project Preparation Advance withdrawn and outstanding as of such date and to pay all unpaid charges thereon. The unwithdrawn balance of the authorized amount of the Project Preparation Advance shall thereupon be canceled. Section 2.03. The Closing Date shall be June September 30, 1996 2008, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of fee in an amount equal to one per cent percent (3/4 of 1%) per annum of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge on the principal amount of the Loan not withdrawn from time to time, at a rate equal to: (i) eighty five one-hundredths of one per cent (0.85%) per annum from the date on which such charge commences to accrue in accordance with the provisions of Section 3.02 of the General Conditions to, but not including, the fourth anniversary of such date; and (ii) seventy five one-hundredths of one per cent (0.75%) per annum thereafter. (a) Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for in respect of each Interest Period equal to at the Cost Variable Rate; provided, that upon a Conversion of Qualified Borrowings determined in respect all or any portion of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each principal amount of the dates specified in Section 2.06 of this AgreementLoan, the Borrower shall shall, during the Conversion Period, pay interest accrued on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and other charges shall be payable semiannually in arrears on May 15 and November 15 in each year. Section 2.08. The Borrower shall repay the principal amount out- standing during of the preceding Loan in accordance with the amortization schedule set forth in Schedule 3 to this Agreement. (a) The Borrower may at any time request the following Conversion of the terms of the Loan in order to facilitate prudent debt management: (i) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and (ii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Variable Rate. (b) As soon as practicable after the end Any conversion requested pursuant to paragraph (a) of each Semester, this Section that is accepted by the Bank shall notify the Borrower be considered a “Conversion”, as defined in Section 2.01 (7) of the Cost General Conditions, and shall be effected in accordance with the provisions of Qualified Borrowings determined in respect Article IV of such Semesterthe General Conditions and of the Conversion Guidelines. (c) For Promptly following the purposes Execution Date for an Interest Rate Cap or Interest Rate Collar in respect of which the Borrower has requested that the premium be paid out of the proceeds of the Loan, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amounts required to pay any premium payable in accordance with Section 4.04 (c) of the General Conditions up to the amount allocated from time to time for such purpose in the table in paragraph 1 of Schedule 1 to this Section:Agreement.

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have Agreement an aggregate value equivalent amount equal to the amount of twelve three hundred sixty-nine million dollars ($12,000,000369,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower may, for purposes of the Project, open and maintain in Dollars a special deposit account in the Central Bank of Turkey or in a commercial bank satisfactory to the Bank, on terms and conditions satisfactory to the Bank, including appropriate protection against set-off, seizure and attachment. Deposits into, and payments out of the Special Account shall be made in accordance with the provisions of Schedule 6 to this Agreement. (c) Promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount required to repay the principal amount of the Project Preparation Advance withdrawn and outstanding as of such date and to pay all unpaid charges thereon. The unwithdrawn balance of the authorized amount of the Project Preparation Advance shall thereupon be canceled. Section 2.03. The Closing Date shall be June 30, 1996 2002, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, at a rate for time in accordance with the provisions of Schedule 3 to this agreement. Section 2.07. Interest and other charges shall be payable semiannually on April 15 and October 15 in each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%)year. Section 2.08. On each of the dates specified in Section 2.06 of this Agreement, the The Borrower shall pay interest accrued on repay the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost Loan in accordance with provisions of Qualified Borrowings determined in respect of such SemesterSchedule 3 to this Agreement. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to one hundred and twenty million Dollars (US$120,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000b), being (c) and (d) of this Section, the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program. (b) The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in Dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (ori) deposit into the Deposit Account an amount equal to the amount of said payment, or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30December 31, 1996 2001 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan. On, or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve eighty million dollars ($12,000,00080,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for: (i) expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project and to be financed out of the proceeds of the Loan; and (ii) amounts paid (or, if the Bank shall so agree, to be paid) by ▇▇▇ on behalf of the Borrower on account to selected staff of withdrawals made RHM institutions in respect of qualifying activities undertaken by a Beneficiary under a Sub-loan for a Development Project such staff to meet implement Part A.1 of the reasonable cost of goods and services required Project, to the extent that payments for such Development Project activities shall have been authorized and to shall be financed out deemed eligible for financing in accordance with the provisions of Schedule 1 of this Agreement. (b) The Borrower may, for the purposes of the proceeds Project, open and maintain in Dollars a separate special deposit account (the Special Account) in a bank acceptable to the Bank on terms and conditions satisfactory to the Bank, including appropriate protection against set-off, seizure and attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of the LoanSchedule 6 to this Agreement. Section 2.03. The Closing Date shall be June September 30, 1996 2010, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1.00%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. Such fee shall be payable not later than sixty (60) days after the Effective Date. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 11.00%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve twenty-four million dollars Dollars ($12,000,00024,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for: (i) expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and works required for the Project and to be financed out of the proceeds of the Loan; and (ii) amounts paid (or, if the Bank Bank, shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under recipient of a Sub-loan for a Development Project Grant to meet the reasonable cost of goods goods, works and services required for such Development Project implementation of a Sub- project under Parts A.2 (iii), B.2, C.1 (iii) and to be financed out C.2 (iii) of the proceeds Project in respect of which the withdrawal from the Loan Account is requested. (b) The Borrower may, for the purposes of the LoanProject, open and maintain in Dollars 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. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 6 to this Agreement. Section 2.03. The Closing Date shall be June July 30, 1996 2010 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. Such fee shall be payable not later than sixty (60) days after the Effective Date. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred forty-six million dollars ($12,000,000146,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement Agreement: (i) for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement (except Part A.4 thereof) and to be financed out of the proceeds of the Loan; and (ii) for amounts disbursed (or, if the Bank shall so agree, for disbursements required to be made) under Subsidiary Financings in respect of the reasonable cost of goods and services required for Part A.4 of the Project and to be financed out of the proceeds of the LoanLoan pursuant to the provisions of Schedule 1 to this Agreement and the Schedule to the CFC Project Agreement. (b) The Borrower shall, for the purposes of the Project (except Part A.4 thereof), open and maintain in CFAF a special account (the Borrower’s Special Account) and, for the purposes of Part A.4 of the Project, open and maintain in CFAF a special account (the CFC Special Account), in a commercial bank on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Accounts shall be made in accordance with the provisions of Schedule 5 to this Agreement. Section 2.03. The Closing Date shall be June 30, 1996 1994, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 per annum above the Cost of 1%). On each Qualified Borrowings for the last Semester ending prior to the commencement of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred and ten million dollars ($12,000,000110,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement, and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June December 30, 1996 1996, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower and the Guarantor of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank (a) ADB agrees to lend provide to the Borrower, on the terms and conditions set forth or referred to Borrower a loan from ADB's ordinary capital resources in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve fifty-one million dollars Dollars ($12,000,00051,000,000) (the “Loan”), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.07 of this Loan Agreement. (b) The Loan has a principal repayment period of 25 years, and a grace period as defined in paragraph (c) of this Section. (c) The term “grace period” as used in paragraph (b) of this Section means the proceeds of period prior to the Loan, first Principal Payment Date in accordance with each withdrawal valued by the Bank as of the date of such withdrawalamortization schedule set forth in Schedule 2 to this Loan Agreement. Section 2.02. The amount of the Loan may proceeds shall be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 3 to this Loan Agreement for amounts paid (or, if purposes of financing the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loanexpenditures. Section 2.03. The Closing Date shall be June 30, 1996 or such later date as the Bank shall establish the Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay ADB interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate for each Interest Period equal to the Cost sum of Qualified Borrowings determined in respect LIBOR and 0.60% as provided by Section 3.02 of the preceding SemesterLoan Regulations, plus one-half less a credit of one percent (1/2 of 1%). On each 0.40% as provided by Section 3.03 of the dates specified in Loan Regulations. Section 2.06 of this Agreement, the 2.04. The Borrower shall pay interest accrued a commitment charge of 0.15% per annum. Such charge shall accrue on the full amount of the Loan (less amounts withdrawn from time to time), commencing sixty (60) days after the date of this Loan Agreement. Section 2.05. Interest and other charges on the Loan shall be payable semiannually on 15 April and 15 October in each year. Section 2.06. The Borrower shall repay the principal amount out- standing during of the preceding Loan withdrawn from the Loan Account in accordance with the provisions of Schedule 2 to this Loan Agreement. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, whether withdrawn and outstanding or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Floating Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Floating Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Floating Rate. (b) As soon Any conversion requested pursuant to paragraph (a) of this Section that is accepted by ADB shall be considered a "Conversion", as practicable after the end of each Semester, the Bank shall notify the Borrower defined in Section 2.01(6) of the Cost Loan Regulations, and shall be effected in accordance with the provisions of Qualified Borrowings determined in respect Article V of such Semesterthe Loan Regulations and the Conversion Guidelines. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve eight million dollars ($12,000,0008,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalwith- drawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule Sched- ule 1 to this Agreement for amounts paid expenditures made (or, or if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Parts C and D of the Project des- cribed in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower shall, for the purposes of Parts C and D of the Project, open and maintain in dollars a special account in the Reserve Bank of India on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 6 to this Agreement. Section 2.03. The Closing Date shall be June 30December 31, 1996 1995 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 per annum above the Cost of 1%). On each Qualified Borrowings for the last Semester ending prior to the commencement of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of Bor- rowings for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve ten million dollars ($12,000,00010,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 1998 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve forty million dollars Dollars ($12,000,00040,000,000), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.09 of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalthis Agreement. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of: (a) works and goods for Subprojects under Parts A.1 and A.2 of the Project; and (b) technical assistance services and goods and services in support thereof, all required for such Development the Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 2007 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to $400,000. Such fee shall be payable not later than sixty (60) days after the Effective Date. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. , at a rate equal to: (a) eighty-five one hundredths of one per cent (0.85%) per annum from the date on which such charge commences to accrue in accordance with the provisions of section 3.02 (b) of the General Conditions to but not including the fourth anniversary of such date; and (b) seventy-five one hundredths of one per cent (0.75%) per annum thereafter. Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for in respect of each Interest Period equal to at the Cost Variable Rate; provided, that upon a Conversion of Qualified Borrowings determined in respect all or any portion of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each principal amount of the dates specified in Section 2.06 of this AgreementLoan, the Borrower shall shall, during the Conversion Period, pay interest accrued on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and commitment charges shall be payable semiannually in arrears on February 15 and August 15 in each year. Section 2.08. The Borrower shall repay the principal amount out- standing during of the preceding Loan in accordance with the provisions of Schedule 3 to this Agreement. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Variable Rate. (b) As soon as practicable after the end Any conversion requested pursuant to paragraph (a) of each Semester, this Section that is accepted by the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined be considered a "Conversion", as defined in respect of such Semester. (c) For the purposes of this Section:Section 2.01

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve twenty-three million dollars ($12,000,00023,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods goods, works and services required for such the Project described in Schedule 2 to the Development Project Credit Agree- ment and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June September 30, 1996 1997 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve sixty-two million one hundred sixty thousand dollars ($12,000,00062,160,000), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.09 of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalthis Agreement. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods goods, scholarships, services and services PRONADE School support required for such Development the Project and to be financed out of the proceeds of the LoanLoan and in respect of the front-end fee referred to in Section 2.04 of this Agreement. Section 2.03. The Closing Date shall be June April 30, 1996 2006 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. (a) The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1%) of the amount of the Loan. The Borrower agrees that on or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of such fee. Section 2.042.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time, at a rate equal to: (i) eighty five one-hundredths of one per cent (0.85%) per annum from the date on which such charge commences to accrue in accordance with the provisions of Section 3.02 of the General Conditions to but not including the fourth anniversary of such date; and (ii) seventy five one-hundredths of one per cent (0.75%) per annum thereafter. (a) Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for in respect of each Interest Period equal at the Variable Rate, provided, that upon a Conversion of all or any portion of the principal amount of the Loan, the Borrower shall, during the Conversion Period, pay interest on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and commitment charges shall be payable semiannually in arrears on February 15 and August 15 in each year. Section 2.08. The Borrower shall repay the principal amount of the Loan in accordance with the provisions of Schedule 3 to this Agreement. (a) The Borrower may at any time request any of the Cost following Conversions of Qualified Borrowings determined the terms of the Loan in order to facilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Rate Cap or Interest Rate Collar on said Variable Rate. (b) Any conversion requested pursuant to paragraph (a) of this Section that is accepted by the Bank shall be considered a “Conversion”, as defined in Section 2.01(7) of the General Conditions, and shall be effected in accordance with the provisions of Article IV of the General Conditions and of the Conversion Guidelines. (c) Promptly following the Execution Date for an Interest Rate Cap or Interest Rate Collar in respect of which the preceding Semester, plus one-half of one percent (1/2 of 1%). On each Borrower has requested that the premium be paid out of the dates specified proceeds of the Loan, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amounts required to pay any premium payable in accordance with Section 2.06 4.04 (c) of the General Conditions up to the amount allocated from time to time for such purpose in the table in paragraph 1 of Schedule 1 to this Agreement. Section 2.10. Without any limitation to the authority of the representative of the Borrower under Section 6.01 of this Agreement, the Director of Public Credit of the Borrower shall pay interest accrued on is authorized by the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, Borrower to furnish to the Bank shall notify on its behalf the evidence of the authority of the person or persons authorized to act on behalf of the Borrower for purposes of Article 2.02 of this Agreement and Article V of the Cost General Conditions and sign applications for withdrawal, and the authenticated specimen signature of Qualified Borrowings determined in respect of any such Semesterperson. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve two hundred fifty million dollars ($12,000,000250,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 1999 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve thirty-six million three hundred thousand United States dollars ($12,000,00036,300,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1995, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve twenty five million dollars ($12,000,00025,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 or such later date as the Bank shall establish the Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve nineteen million five hundred thousand dollars ($12,000,00019,500,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary Private Enterprise under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Investment Project and to be financed out in respect of which the proceeds of withdrawal from the LoanLoan Account is requested. Section 2.03. The Closing Date shall be June 30December 31, 1996 1997, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower and the Guarantor of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to one hundred twenty-three million and four hundred thousand Euro (□123,400,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000b), being (c) and (d) of this Section, the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the First Phase of the Program. (b) The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in Euro on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (or, i) deposit into the Deposit Account an amount equal to the amount of said payment; or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paidcredited to the Loan Account for cancellation. (d) by No withdrawal shall be made from the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet Loan Account unless the reasonable cost of goods and services required for such Development Project and to be financed out Bank has received the payment of the proceeds fee referred to in Section 2.04 of the Loanthis Agreement. Section 2.03. The Closing Date shall be June 30March 1, 1996 2005, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time, on or promptly after the Effective Date. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve forty million dollars ($12,000,00040,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for for: (a) amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Investment Project in respect of which the withdrawal from the Loan Account is requested; and (b) for expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and services required for Part B of the Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 2000 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower and the Guarantor of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve fifty million dollars ($12,000,00050,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1999 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve sixty eight million dollars ($12,000,00068,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 1999, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve twenty-four million dollars Dollars ($12,000,00024,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for: (i) expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and works required for the Project and to be financed out of the proceeds of the Loan; and (ii) amounts paid (or, if the Bank Bank, shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under recipient of a Sub-loan for a Development Project Grant to meet the reasonable cost of goods goods, works and services required for such Development Project implementation of a Sub-project under Parts A.2 (iii), B.2, C.1 (iii) and to be financed out C.2 (iii) of the proceeds Project in respect of which the withdrawal from the Loan Account is requested. (b) The Borrower may, for the purposes of the LoanProject, open and maintain in Dollars 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. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 6 to this Agreement. Section 2.03. The Closing Date shall be June July 30, 1996 2010 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. Such fee shall be payable not later than sixty (60) days after the Effective Date. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve two hundred seventy-five million dollars ($12,000,000275,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank ADB agrees to lend to the BorrowerBorrower from ADB's Special Funds resources: (a) an amount in various currencies equivalent to ten million eight hundred seventy-nine thousand Special Drawing Rights (SDR10,879,000) (“Loan (Regular Term)”); and (b) an amount in various currencies equivalent to nine million four hundred five thousand Special Drawing Rights (SDR9,405,000) ("Loan (Hard Term)” and, together with the Loan (Regular Term), the "Loans"). (a) The Borrower shall pay to ADB an interest charge at the rate of 2% per annum during the grace period and thereafter, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve million dollars ($12,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may (Regular Term) withdrawn from the Loan Account and outstanding from time to time. (b) The Borrower shall pay to ADB an interest charge at the rate of 2% per annum during the grace period and thereafter, on the amount of the Loan (Hard Term) withdrawn from the Loan Account and outstanding from time to time. (c) The term “grace period” as used in subsections (a) and (b) hereinabove means the period prior to the first Principal Payment Date in accordance with the amortization schedules set forth in Schedules 1A and 2A to this Loan Agreement. Section 2.03. The interest charge and any other charge on the Loans shall be payable semiannually on 15 May and 15 November in each year. Section 2.04. The Borrower shall repay (a) the principal amount of the Loan (Regular Term) withdrawn from the Loan Account in accordance with the provisions of amortization schedule set forth in Schedule 1 1A to this Agreement for amounts paid Loan Agreement; and (or, if the Bank shall so agree, to be paidb) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 or such later date as the Bank shall establish the Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not (Hard Term) withdrawn from time the Loan Account in accordance with the amortization schedule set forth in Schedule 1B to timethis Loan Agreement. (a) Section 2.05. The Borrower shall pay interest on currency of repayment of the principal amount of the Loan withdrawn Loans and outstanding from time to tine, at a rate for each Interest Period equal to the Cost currency of Qualified Borrowings determined in respect payment of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For charge for the purposes of this Section:Sections 4.03(a) and 4.04 of the Loan Regulations shall be Dollar.

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve one hundred seventy million dollars ($12,000,000170,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for: (i) expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and services required for Parts A, B and D of the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan; (ii) amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower a Financial Intermediary on account of withdrawals made by a Beneficiary an Investment Enterprise under a Sub-loan for a Development Project (under Part C of the Project) to meet the reasonable cost of goods and services required for such Development the Investment Project in respect of which the withdrawal from the Loan Account is requested; and (iii) interest and to be financed out other charges on the Steel Company Subsidiary Loan. (b) The Borrower may, for the purposes of the proceeds Project, open and maintain in dollars a special deposit account in a bank and on terms and conditions satisfactory to the Bank, including appropriate protection against set-off, seizure or attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of the LoanSchedule 4 to this Agreement. Section 2.03. The Closing Date shall be June 30December 31, 1996 2002, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-three fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve five hundred million dollars ($12,000,000500,000,000). (a) Subject to the provisions of paragraphs (b) and (c) of this Section and to the provisions of Section 2.04 of this Agreement, being the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program. (b) The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank, (ori) deposit into the Deposit Account an amount equal to the amount of said payment, or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30October 29, 1996 1999 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1 %) of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, at a rate for each Interest Period equal time in accordance with the provisions of Schedule 2 to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the . Section 2.07. Interest and other charges shall be payable semiannually on April 15 and October 15 in each year. Section 2.08. The Borrower shall pay interest accrued on repay the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined Loan in respect of such Semesteraccordance with the Schedule 2 to this Agreement. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve fifty million dollars ($12,000,00050,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 or such later date as the Bank shall establish the Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve thirty-five million dollars Dollars ($12,000,00035,000,000), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.09 of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalthis Agreement. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods goods, works and services required for such Development the Project and to be financed out of the proceeds of the Loan, as well as in respect of the fee referred to in Section 2.04 of this Agreement, and any premium in respect of an Interest Rate Cap or Interest Rate Collar payable by the Borrower in accordance with Section 4.04 (c) of the General Conditions. Section 2.03. The Closing Date shall be June 30July 31, 1996 2010, or such later date as the Bank shall establish establish, after having received evidence that the Guarantor has authorized the extension of the Closing Date. The Bank shall promptly notify the Borrower and the Guarantor of such later date, which shall not be a date beyond the date authorized by the Guarantor. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of threefront-fourths of end fee in an amount equal to one per cent percent (3/4 of 1%) per annum of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge on the principal amount of the Loan not withdrawn from time to time. , at a rate equal to: (a) eighty five one-hundredths of one per cent (0.85%) per annum from the date on which such charge commences to accrue in accordance with the provisions of Section 3.02 of the General Conditions to, but not including, the fourth anniversary of such date; and (b) seventy five one-hundredths of one per cent (0.75%) per annum thereafter. Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for in respect of each Interest Period equal to at the Cost Variable Rate; provided, that upon a Conversion of Qualified Borrowings determined in respect all or any portion of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each principal amount of the dates specified in Section 2.06 of this AgreementLoan, the Borrower shall shall, during the Conversion Period, pay interest accrued on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and other charges shall be payable semiannually in arrears on April 15 and October 15 in each year. Section 2.08. The Borrower shall repay the principal amount out- standing during of the preceding Loan in accordance with the amortization schedule set forth in Schedule 3 to this Agreement. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Variable Rate. (b) As soon as practicable after the end Any conversion requested pursuant to paragraph (a) of each Semester, this Section that is accepted by the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined be considered a “Conversion”, as defined in respect of such Semester. (c) For the purposes of this Section:Section 2.01

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve ten million dollars ($12,000,00010,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower shall, for the purposes of the Project, open and maintain in dollars a special account in its Central Bank on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. (c) Promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount required to repay the principal amount of the Project Preparation Advance withdrawn and outstanding as of such date and to pay all unpaid charges thereon. The unwithdrawn balance of the authorized amount of the Project Preparation Advance shall thereupon be cancelled. Section 2.03. The Closing Date shall be June 30, 1996 1995 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the tho Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%l%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 per annum above the Cost of 1%). On each Qualified Borrowings for the last Semester ending prior to the commencement of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve million forty-five Million dollars ($12,000,00045,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn Withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower shall, for the purposes of the Project, open and maintain in dollars a special deposit account, in the Korea Exchange Bank on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. Section 2.03. The Closing Date shall be June 30December 31, 1996 1995 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 l/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve forty-nine million dollars two hundred ninety-six thousand Dollars ($12,000,00049,296,000), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.09 of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalthis Agreement. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods goods, works and services required for such Development the Project and to be financed out of the proceeds of the Loan, as well as in respect of the front-end fee referred to in Section 2.04 of this Agreement and any premium in respect of an Interest Rate Cap or Interest Rate Collar payable by the Borrower in accordance with Section 4.04 (c) of the General Conditions. Section 2.03. The Closing Date shall be June 30January 31, 1996 2011, or such later date as the Bank shall establish establish, after having received evidence that the Ministry of Finance has authorized the extension of the Closing Date. The Bank shall promptly notify the Borrower and the Guarantor of such later date, which shall not be a date beyond the date authorized by the Ministry of Finance. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of threefront-fourths of end fee in an amount equal to one per cent (3/4 of 1%) per annum of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge on the principal amount of the Loan not withdrawn from time to time. , at a rate equal to: (a) eighty five one-hundredths of one per cent (0.85%) per annum from the date on which such charge commences to accrue in accordance with the provisions of Section 3.02 of the General Conditions to but not including the fourth anniversary of such date; and (b) seventy five one-hundredths of one per cent (0.75%) per annum thereafter. Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of each Interest Period, at the preceding SemesterVariable Rate; provided that, plus one-half upon a Conversion of one percent (1/2 of 1%). On each all or any portion of the dates specified in Section 2.06 principal amount of this Agreementthe Loan, the Borrower shall shall, during the Conversion Period, pay interest accrued on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and other charges shall be payable semiannually in arrears on May 15 and November 15 in each year. Section 2.08. The Borrower shall repay the principal amount out- standing during of the preceding Loan in accordance with the provisions of Schedule 3 to this Agreement. (a) The Borrower may at any time, in each case with the prior no- objection of the Guarantor, through the Secretariat of National Treasury, request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Variable Rate. (b) As soon as practicable after the end Any conversion requested pursuant to paragraph (a) of each Semester, this Section that is accepted by the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined be considered a “Conversion”, as defined in respect of such Semester. (c) For the purposes of this Section:Section 2.01

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred sixty-seven million dollars ($12,000,000167,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 2002, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%l%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve sixty- eight million one hundred thousand dollars ($12,000,00068,100,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower shall, for the purposes of the Project, open and maintain (or cause to be opened and maintained) in dollars special accounts for FMOH and the Project States in commercial or merchant banks on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Accounts shall be made in accordance with the provisions of Schedule 5 to this Agreement and Schedule 2 to the Project Agreements. Section 2.03. The Closing Date shall be June 30, 1996 1997 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 per annum above the Cost of 1%). On each Qualified Borrowings for the last Semester ending prior to the commencement of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve two hundred seventy-five million dollars ($12,000,000275,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for for: (a) amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Housing Sub-loan to meet the reasonable cost of housing, goods and services required for a the Housing Development Project in respect of which the withdrawal from the Loan Account is requested; and (b) expenditures made (or, if the Bank shall so agree, to meet be made) in respect of the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement (other than the Housing Loan Programs) and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 2001 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve seventy-five million dollars ($12,000,00075,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of works, goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower shall, for the purposes of the Project, open and maintain in dollars a special account in its Central Bank on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 6 to this Agreement. (c) Promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount required to repay the principal amount of the Project Preparation Advance withdrawn and outstanding as of such date and to pay all unpaid charges thereon. The unwithdrawn balance of the authorized amount of the Project Preparation Advance shall thereupon be cancelled. Section 2.03. The Closing Date shall be June 30December 31, 1996 1997 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-one half of one percent (1/2 of 1%). On each ) per annum above the Cost of Qualified Borrowings for the dates specified in Section 2.06 last Semester ending prior to the commencement of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred fifty million dollars ($12,000,000150,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 1999 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve five million four hundred thousand dollars ($12,000,0005,400,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1998, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment commit- ment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve twenty six million seven hundred thousand dollars ($12,000,00026,700,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 2002, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve one hundred twenty million dollars Dollars ($12,000,000120,000,000), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.09 of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalthis Agreement. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement Agreement: for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower or a PFI on account of withdrawals made by a Beneficiary Enterprise under a Sub-loan for a Development Project Agreement to meet the reasonable cost of goods goods, works and services working capital required for such Development a Sub-project, under Part A of the Project and in respect of which the withdrawal from the Loan Account is requested; for amounts paid (or, if the Bank shall so agree, to be financed out paid) on account of the proceeds Financing to operate the Risk Sharing Guarantee Facility under Part B of the LoanProject; and in respect of the fee referred to in Section 2.04 of this Agreement. Section 2.03. The Closing Date shall be June 30, 1996 2008, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of threefront-fourths of end fee in an amount equal to one per cent percent (3/4 of 1%) per annum of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge on the principal amount of the Loan not withdrawn from time to time, at a rate equal to: (i) eighty five one-hundredths of one per cent (0.85%) per annum from the date on which such charge commences to accrue in accordance with the provisions of Section 3.02 of the General Conditions to but not including the fourth anniversary of such date; and (ii) seventy five one-hundredths of one per cent (0.75%) per annum thereafter. (a) Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for in respect of each Interest Period equal to at the Cost Variable Rate; provided, that upon a Conversion of Qualified Borrowings determined in respect all or any portion of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each principal amount of the dates specified in Section 2.06 of this AgreementLoan, the Borrower shall shall, during the Conversion Period, pay interest accrued on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and other charges shall be payable semi-annually in arrears on May 15 and November 15 in each year. Section 2.08. The Borrower shall repay the principal amount out- standing during of the preceding Loan in accordance with the provisions of Schedule 3 to this Agreement. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management: a change of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Approved Currency; a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Variable Rate. (b) As soon as practicable after the end Any conversion requested pursuant to paragraph (a) of each Semester, this Section that is accepted by the Bank shall notify the Borrower be considered a “Conversion”, as defined in Section 2.01(7) of the Cost General Conditions, and shall be effected in accordance with the provisions of Qualified Borrowings determined in respect Article IV of such Semesterthe General Conditions and of the Conversion Guidelines. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve ten million dollars Dollars ($12,000,00010,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 2002 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve forty-six million two hundred thousand dollars ($12,000,00046,200,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve fifteen million dollars ($12,000,00015,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods works and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1997, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve thirteen million five hundred thousand dollars ($12,000,00013,500,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary Private Enterprise under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Investment Project and to be financed out in respect of which the proceeds of withdrawal from the LoanLoan Account is requested. Section 2.03. The Closing Date shall be June 30December 31, 1996 1997, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower and the Guarantor of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve two hundred fifty million dollars ($12,000,000250,000,000). (a) The Borrower shall open, being prior to furnishing to the sum Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (b) Subject to the provisions of withdrawals paragraphs (c) and (d) of this Section, the Borrower shall be entitled to use the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account and deposited in accordance with the Deposit Account in support of the Program. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank, (ori) deposit into the Deposit Account an amount equal to the amount of said payment, or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30March 31, 1996 1998 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve sixty-two million dollars ($12,000,00062,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower may open and maintain in dollars in the Central Bank of the Borrower, on terms and conditions satisfactory to the Bank: (i) for the purposes of Part A of the Project, Special Account A; (ii) for the purposes of Part B of the Project, Special Account B; and (iii) for the purposes of Part C of the Project, Special Account C. Deposits into, and payments out of, the Special Accounts shall be made in accordance with the provisions of Schedule 6 to this Agreement. (c) Promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount required to repay the principal amount of the Project Preparation Advance withdrawn and outstanding as of such date and to pay all unpaid charges thereon. The unwithdrawn balance of the authorized amount of the Project Preparation Advance shall thereupon be canceled. Section 2.03. The Closing Date shall be June 30, 1996 2000 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) Section 2.05. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, at a rate for each Interest Period equal time in accordance with the provisions of Schedule 3 to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the . Section 2.06. Interest and other charges shall be payable semiannually on March 15 and September 15 in each year. Section 2.07. The Borrower shall pay interest accrued on repay the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined Loan in respect of such Semesteraccordance with Schedule 3 to this Agreement. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve one hundred twenty million dollars ($12,000,000120,000,000). (a) The Borrower shall open, being prior to furnishing to the sum Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (b) Subject to the provisions of withdrawals paragraphs (c) and (d) of this Section, the Borrower shall be entitled to use the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account and deposited in accordance with the Deposit Account in support of the Program. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank, (ori) deposit into the Deposit Account an amount equal to the amount of said payment, or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30December 31, 1996 1997 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve two hundred million dollars ($12,000,000), being 200,000,000) as the sum of withdrawals of the proceeds of the Loan, Loan with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 l to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1993 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve fifty million dollars ($12,000,000), 50,000,000) being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for for: (i) amounts paid (or if the Bank shall so agree, amounts to be paid) by a Financial Intermediary on account of withdrawals made by an Investment Enterprise under a Sub-loan to meet the reasonable cost of goods and services required for the Investment Project in respect of which the withdrawal from the Loan Account is requested; and (ii) expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June September 30, 1996 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. Section 2.05. (a) ). The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve two hundred fifty million dollars ($12,000,000250,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule Sched- ule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower shall, for the purposes of the Project, open and maintain in dollars a special account in the Central Bank of Turkey on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 4 to this Agreement. Section 2.03. The Closing Date shall be June 30, 1996 1993 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each ) per annum above the Cost of Qualified Borrowings for the dates specified in Section 2.06 last Semester ending prior to the commencement of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the th e terms and conditions set forth or referred to in the Loan AgreementAgreemen t, various currencies that shall have an aggregate value equivalent to t o the amount of twelve ten million dollars ($12,000,00010,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued valu ed by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the t he Loan Account in accordance with the provisions of Schedule 1 to this th e Development Credit Agreement for amounts paid expenditures made (or, if the Bank Ban k shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1997 or such later date as the Bank shall establish the establish. The Bank shall promptly prompt ly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment commitmen t charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time.to (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinet o time, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred million dollars ($12,000,000100,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement Agreement, as such Schedule may be amended from time to time by agreement between the Bank and the Borrower for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower shall, for the purposes of the Project, open and maintain in dollars a special deposit account in Korea Exchange Bank on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. Section 2.03. The Closing Date shall be June 30, 1996 1995 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred forty-eight million five hundred thousand dollars ($12,000,000), 148,500,000) being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Parts A, B and E of the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to eighty five million Dollars ($85,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000b), being (c) and (d) of this Section, the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program and in respect of the fee referred to in Section 2.04 of this Agreement. (b) The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower shall, promptly after the deposit of the proceeds of the Loan into the Deposit Account, transfer to Orissa an amount in Rupees equivalent to the amount deposited in the Deposit Account as of the day of such deposit. (d) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (i) deposit into the Deposit Account an amount equal to the amount of said payment; or, (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30July 31, 1996 2005 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to two hundred and fifty million Dollars (US$250,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000b), being (c) and (d) of this Section, the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program. (b) The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in Dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank, (ori) deposit into the Deposit Account an amount equal to the amount of said payment, or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30December 31, 1996 1999 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan. On, or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve fourteen million nine hundred thousand dollars ($12,000,00014,900,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 1997, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve twenty-nine million five hundred thousand dollars ($12,000,00029,500,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement (a) for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary Private Enterprise under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Investment Project in respect of which the withdrawal from the Loan Account is requested; and (b) for expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and services required for Part B of the Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1997, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower and the Guarantor of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to one hundred and twenty million Dollars ($120,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000b), being (c) and (d) of this Section, the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program. (b) The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a Deposit Account in Dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (ori) deposit into the Deposit Account an amount equal to the amount of said payment, or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 301, 1996 2000, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, Borrower on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve seventy-five million dollars ($12,000,000), 75,000,000) being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for for: (i) amounts paid (or if the Bank shall so agree, amounts to be paid) by ABC on account of withdrawals made by a Subborrower under a Subloan to meet the reasonable cost of goods and services required for a Subproject in respect of which the withdrawal from the Loan Account is requested; and (ii) expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Part B of the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1995 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred three million dollars ($12,000,000103,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement Agreement: (i) for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement (except Part D thereof) and to be financed out of the proceeds of the Loan; and (ii) for amounts disbursed (or, if the Bank shall so agree, for disbursements required to be made) under Subsidiary Financings in respect of the reasonable cost of goods and services required for Part D of the Project and to be financed out of the proceeds of the LoanLoan pursuant to the provisions of Schedules 1 and 6 to this Agreement. (b) The Borrower shall, for the purposes of Part A of the Project, open and maintain in CFAF a special account in a commercial bank on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. Section 2.03. The Closing Date shall be June 30December 31, 1996 1994 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to one half percent per annum above the Cost of Qualified Borrowings determined in respect for the last Semester ending prior to the commencement of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve fifteen million dollars ($12,000,00015,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30March 31, 1996 1998 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve ninety nine million dollars ($12,000,00099,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30March 31, 1996 1998 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred and seven million dollars ($12,000,000107,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1999, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal prin- cipal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-one- half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings Borrow- ings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve seventy five million dollars ($12,000,00075,000,000). (a) Subject to the provisions of paragraphs (b), being (c) and (d) of this Section, the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program and in respect of the fee referred to in Section 2.04 of this Agreement. (b) The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower shall, promptly after the deposit of the proceeds of the Loan into the Deposit Account, transfer to Karnataka an amount in Rupees equivalent to the amount deposited in the Deposit Account as of the day of such deposit. (d) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (i) deposit into the Deposit Account an amount equal to the amount of said payment; or, (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30December 31, 1996 2001 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve two hundred fifty-one million two hundred sixty thousand dollars ($12,000,000251,260,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The (a) Subject to the provisions of paragraphs (b) and (c) of this Section, the Borrower shall be entitled to withdraw the amount of the Loan may be withdrawn equal to two hundred fifty million three thousand seven hundred dollars ($250,003,700) from the Loan Account in accordance with support of the Program. (b) Except as the Bank may otherwise agree: (i) all withdrawals from the Loan Account shall be deposited by the Bank into an account designated by the Borrower and acceptable to the Bank; and (ii) the Borrower shall ensure that upon each deposit of an amount of the Loan into said account, an equivalent amount is accounted for in the Borrower’s budget management system, in a manner acceptable to the Bank. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement for amounts paid (or, if Agreement. If the Bank shall determines at any time that an amount of the Loan was used to make a payment for an expenditure so agreeexcluded, to be paid) by the Borrower on account shall, promptly upon notice from the Bank, refund an amount equal to the amount of withdrawals made by a Beneficiary under a Sub-loan for a Development Project said payment to meet the reasonable cost of goods and services required for Bank. Amounts refunded to the Bank upon such Development Project and to request shall be financed out of the proceeds of the Loancancelled. Section 2.03. The Closing Date shall be June 30December 31, 1996 2005 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve forty million dollars ($12,000,00040,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 or such later date as the Bank shall establish the Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve three hundred and fifty million dollars ($12,000,000350,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary an Investment Enterprise under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Investment Project and to be financed out in respect of which the proceeds of withdrawal from the LoanLoan Account is requested. Section 2.03. The Closing Date shall be June 30October 31, 1996 2000, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve twenty-seven million seven hundred thousand dollars ($12,000,00027,700,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower shall for the purposes of the Project, open and maintain in dollars a special account in a commercial bank on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 5 to this Agreement. Section 2.03. The Closing Date shall be June 30, 1996 1993, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 per annum above the Cost of 1%). On each Qualified Borrowings for the last Semester ending prior to the commencement of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Guarantor and the Borrower of the Cost of Qualified Borrowings determined in respect of for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve two hundred twenty-one million seven hundred thousand dollars ($12,000,000221,700,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1997 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding SemesterSemes- ter, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan AgreementAgree- ment, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred and fifty million dollars ($12,000,000150,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project and to be financed out of the proceeds of the Loan. (b) The Borrower shall, for the purposes of, respectively, (i) Part B of the Project, and (ii) Parts A and C through F of the Project, open and maintain on its books in dollars two special accounts to be designated, respectively, as Special Account A and Special Account B, on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, Special Account A and Special Account B shall be made in accordance with the provisions of Schedules 5 and 6 to this Agreement, respectively. Section 2.03. The Closing Date shall be June 30, 1996 1994 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each ) per annum above the Cost of Qualified Borrowings for the dates specified in Section 2.06 last Semester ending prior to the commencement of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Guarantor and the Borrower of the Cost of Qualified Borrowings determined in respect of for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve sixteen million dollars ($12,000,00016,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 2000, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve [two million dollars six hundred thousand Dollars ($12,000,0002,600,000)], being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 1999, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-three fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve sixty million dollars four hundred thousand Euros ($12,000,000EUR 60,400,000), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.09 of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalthis Agreement. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid for: (a) expenditures made (or, if the Bank shall so agree, to be paidmade) in respect of interest and other charges in respect of the Loan, the front-end fee referred to in Section 2.04 of this Agreement and any premium in respect of an Interest Rate Cap or Interest Rate Collar payable by the Borrower in accordance with Section 4.04(c) of the General Conditions; and (b) amounts paid (or if the Bank shall so agree, to be paid) on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project the Borrower to meet the reasonable cost of goods goods, works, consultants’ services, training, incremental operating costs and services Sub-grants required for such Development Project and to be financed out of the proceeds of the Loanunder an Annual Work Plan. Section 2.03. The Closing Date shall be June 30, 1996 2008, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. (a) The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of such fee. Section 2.042.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to timetime at a rate equal to: (i) eighty five one-hundredths of one percent (0.85%) per annum from the date on which such charge commences to accrue in accordance with the provisions of Section 3.02 of the General Conditions to but not including the fourth anniversary of such date; and (ii) seventy five one-hundredths of one percent (0.75%) per annum thereafter. (a) Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for in respect of each Interest Period equal to at the Cost Variable Rate; provided, that upon a Conversion of Qualified Borrowings determined in respect all or any portion of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each principal amount of the dates specified in Section 2.06 of this AgreementLoan, the Borrower shall shall, during the Conversion Period, pay interest accrued on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and commitment charges shall be payable semiannually in arrears on January 15 and July 15 in each year. Section 2.08. The Borrower shall repay the principal amount out- standing during of the preceding Loan in accordance with the provisions of Schedule 3 to this Agreement. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Variable Rate. (b) As soon as practicable after the end Any conversion requested pursuant to paragraph (a) of each Semester, this Section that is accepted by the Bank shall notify the Borrower be considered a “Conversion”, as defined in Section 2.01(7) of the Cost General Conditions, and shall be effected in accordance with the provisions of Qualified Borrowings determined in respect Article IV of such Semesterthe General Conditions and of the Conversion Guidelines. (c) For Promptly following the purposes Execution Date for an Interest Rate Cap or Interest Rate Collar in respect of which the Borrower has requested that the premium be paid out of the proceeds of the Loan, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amounts required to pay any premium payable in accordance with Section 4.04(c) of the General Conditions up to the amount allocated from time to time for such purpose in the table in paragraph 1 of Schedule 1 to this Section:Agreement.

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve two hundred four million dollars three hundred thousand Dollars ($12,000,000204,300,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement the Development Credit Agreement: (i) for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of: (i) a Grant to meet the reasonable cost of withdrawals made by a Beneficiary under goods, works and services required for a Sub-loan project and in respect of which the withdrawal from the Loan Account is requested; (ii) a Kecamatan Planning Grant to meet the reasonable cost of services required for a Development Project village development plan and in respect of which the withdrawal from the Loan Account is requested; and (iii) for expenditures made (or, if the Bank shall so agree, to meet be made) in respect of the reasonable cost of goods and services required for such Development Parts B through E of the Project and to be financed out of the proceeds of the LoanLoan and in respect of the fee referred to in Section 2.04 of this Agreement. Section 2.03. The Closing Date shall be June 30December 31, 1996 2008, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1%) of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of such fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to one hundred and fifty million Dollars ($150,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000)b) and (c) of this Section, being the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program. (b) The Borrower shall open, prior to furnishing to the Bank, the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in Dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (or, i) deposit into the Deposit Account an amount equal to the amount of said payment; or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30December 31, 1996 1999, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) Section 2.05. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, at a rate for each Interest Period equal time in accordance with the provisions of Schedule 2 to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the . Section 2.06. Interest and other charges shall be payable in arrears on January 15 and July 15 in each year. Section 2.07. The Borrower shall pay interest accrued on repay the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost Loan in accordance with the provisions of Qualified Borrowings determined in respect of such SemesterSchedule 2 to this Agreement. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to seven hundred million Dollars ($700,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000)b) and (c) of this Section, being the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program. (b) The Borrower shall open, prior to furnishing to the Bank the request for withdrawal from the Loan Account, and thereafter maintain in its Central Bank, a deposit account in Dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (or, i) deposit into the Deposit Account an amount equal to the amount of said payment; or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30December 31, 1996 2001, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount of three million one hundred fifty thousand Dollars ($3,150,000). On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank (a) ADB agrees to lend to the BorrowerBorrower from its Countercyclical Support Facility funded from its ordinary capital resources an amount of five hundred million Dollars ($500,000,000), on as such amount may be converted from time to time through a Currency Conversion in accordance with the terms provisions of Section 2.06 of this Loan Agreement. (b) The Loan has a principal repayment period of 2 years, and conditions a grace period as defined in paragraph (c) of this Section. (c) The term “grace period” as used in paragraph (b) of this Section means the period prior to the first Principal Payment Date in accordance with the amortization schedule set forth or referred in Schedule 2 to in the this Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve million dollars ($12,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 or such later date as the Bank shall establish the Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay ADB interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate for each Interest Period equal to the Cost sum of Qualified Borrowings LIBOR and 2.00% as determined in respect by Section 3.02 of the preceding Semester, plus one-half of one percent (1/2 of 1%)Loan Regulations. Section 2.03. On each of the dates specified in Section 2.06 of this Agreement, the The Borrower shall pay interest accrued to ADB a commitment charge of 0.75% per annum on the unwithdrawn amount of the Loan. Such charge shall accrue from a date sixty (60) days after the date of this Loan Agreement to the respective dates on which amounts shall be withdrawn from the Loan Account or shall be cancelled. Section 2.04. Interest and other charges on the Loan shall be payable semiannually on 15 March and 15 September in each year. Section 2.05. The Borrower shall repay the principal amount out- standing during of the preceding Loan withdrawn from the Loan Account in accordance with the provisions of Schedule 2 to this Loan Agreement. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management, subject to relevant market opportunities being made available to ADB: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, whether withdrawn and outstanding or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Floating Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Floating Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Floating Rate. (b) As soon Any conversion requested pursuant to paragraph (a) of this Section that is accepted by ADB shall be considered a "Conversion", as practicable after the end of each Semester, the Bank shall notify the Borrower defined in Section 2.01(6) of the Cost Loan Regulations, and shall be effected in accordance with the provisions of Qualified Borrowings determined in respect Article V of such Semesterthe Loan Regulations and the Conversion Guidelines. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve two hundred fifty nine million six hundred thousand United States dollars ($12,000,000US$259,600,000), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.09 of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalthis Agreement. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services works required for such Development the Project and to be financed out of the proceeds of the LoanLoan and in respect of interest and other charges in respect of the Loan and any premium in respect of an Interest Rate Cap or Interest Rate Collar payable by the Borrower in accordance with Section 4.04(c) of the General Conditions. Section 2.03. The Closing Date shall be June April 30, 1996 2011, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. (a) The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. Such fee shall be payable not later than sixty (60) days after the Effective Date. Section 2.042.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time, at a rate equal to: (i) eighty five one-hundredths of one per cent (0.85%) per annum from the date on which such charge commences to accrue in accordance with the provisions of Section 3.02 of the General Conditions to but not including the fourth anniversary of such date; and (ii) seventy five one-hundredths of one per cent (0.75%) per annum thereafter, subject to any waiver of a portion of such charge as may be determined by the Bank from time to time. (a) Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for in respect of each Interest Period equal to at the Cost Variable Rate; provided, that upon a Conversion of Qualified Borrowings determined in respect all or any portion of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each principal amount of the dates specified in Section 2.06 of this AgreementLoan, the Borrower shall shall, during the Conversion Period, pay interest accrued on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and commitment charges shall be payable semiannually in arrears on March 1 and September 1 in each year. Section 2.08. The Borrower shall repay the principal amount out- standing during of the preceding Loan in accordance with the provisions of Schedule 3 to this Agreement. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Variable Rate. (b) As soon as practicable after the end Any conversion requested pursuant to paragraph (a) of each Semester, this Section that is accepted by the Bank shall notify the Borrower be considered a “Conversion”, as defined in Section 2.01(7) of the Cost General Conditions, and shall be effected in accordance with the provisions of Qualified Borrowings determined in respect Article IV of such Semesterthe General Conditions and of the Conversion Guidelines. (c) For Promptly following the Execution Date for an Interest Rate Cap or Interest Rate Collar in respect of which the Borrower has requested that the premium be paid out of the proceeds of the Loan, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amounts required to pay any premium payable in accordance with Section 4.04(c) of the General Conditions up to the amount allocated from time to time for such purpose in the table in paragraph 1 of Schedule 1 to this Agreement. Section 2.10. EEHC is designated as the representative of the Borrower for the purposes of taking any action required or permitted to be taken under the provisions of Section 2.02 of this Section:Agreement and Article V of the General Conditions. Section 2.11. The Borrower represents that it has designated its Ministry of Finance for the purpose of handling on behalf of the Borrower, debt service payments with respect to the Loan.

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred twenty-five million dollars ($12,000,000125,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 2002 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve ten million dollars ($12,000,00010,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this the Development Credit Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such the Project described in Schedule 2 to the Development Project Credit Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1999 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. Section 2.05. (a) ). The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve eighty-five million dollars ($12,000,00085,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 1997 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve seven million dollars five hundred thousand Dollars ($12,000,0007,500,000), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.09 of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalthis Agreement. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods goods, works and services required for such Development the Project and to be financed out of the proceeds of the LoanLoan and in respect of the front-end fee referred to in Section 2.04 of this Agreement. Section 2.03. The Closing Date shall be June 30, 1996 2009 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of such fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the a rate of three-three fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time, subject to any waiver of a portion of such charge as may be determined by the Bank from time to time. (a) Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for in respect of each Interest Period equal to at the Cost Variable Rate; provided, that upon a Conversion of Qualified Borrowings determined in respect all or any portion of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each principal amount of the dates specified in Section 2.06 of this AgreementLoan, the Borrower shall shall, during the Conversion Period, pay interest accrued on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and commitment charges shall be payable semiannually in arrears on April 15 and October 15 in each year. Section 2.08. The Borrower shall repay the principal amount out- standing during of the preceding Loan in accordance with the provisions of Schedule 3 to this Agreement. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Variable Rate. (b) As soon as practicable after the end Any conversion requested pursuant to paragraph (a) of each Semester, this Section that is accepted by the Bank shall notify the Borrower be considered a “Conversion”, as defined in Section 2.01(7) of the Cost General Conditions, and shall be effected in accordance with the provisions of Qualified Borrowings determined in respect Article IV of such Semesterthe General Conditions and of the Conversion Guidelines. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount in various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred ninety million dollars ($12,000,000190,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for for: (i) amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Investment Project in respect of which the withdrawal from the Loan Account is requested; and (ii) expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and services required for Part C of the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. (b) The Borrower may, for the purposes of the Project, open and maintain a special account in a currency and a financial institution, both satisfactory to the Bank, on terms and conditions satisfactory to the Bank. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of Schedule 6 to this Agreement. Section 2.03. The Closing Date shall be June 30December 31, 1996 1993 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tine, time at a rate per annum for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 per annum above the Cost of 1%). On each Qualified Borrowings for the last Semester ending prior to the commencement of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Guarantor and the Borrower of the Cost of Qualified Borrowings determined in respect of for such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve three hundred seventy three million dollars ($12,000,000373,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of works, goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June September 30, 1996 2000 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred and thirty six million dollars Dollars ($12,000,000136,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project and to be financed out of the proceeds of the LoanLoan and in respect of the fee referred to in Section 2.04 of this Agreement. Section 2.03. The Closing Date shall be June 30, 1996 2006 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus onethree-half fourths of one percent (1/2 3/4 of 1%). On each of the dates specified in Section 2.06 2.07 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower and the Guarantor of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve eighty million dollars Dollars ($12,000,00080,000,000), being as such amount may be converted from time to time through a Currency Conversion in accordance with the sum provisions of withdrawals Section 2.09 of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawalthis Agreement. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods goods, works and services required for such Development the Project and to be financed out of the proceeds of the LoanLoan and any premium in respect of an Interest Rate Cap or Interest Rate Collar payable by the Borrower in accordance with Section 4.04(c) of the General Conditions. Section 2.03. The Closing Date shall be June 30, 1996 2011 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at front-end fee in an amount equal to one percent (1%) of the rate amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. Such fee shall be payable not later than sixty (60) days after the Effective Date. Section 2.05. The Commitment Charge payable by the Borrower shall be equal to three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount Unwithdrawn Loan Balance, subject to any waiver of a portion of such charge as may be determined by the Loan not withdrawn Bank from time to time. (a) Section 2.06. The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for in respect of each Interest Period equal to at the Cost Variable Rate; provided, that upon a Conversion of Qualified Borrowings determined in respect all or any portion of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each principal amount of the dates specified in Section 2.06 of this AgreementLoan, the Borrower shall shall, during the Conversion Period, pay interest accrued on such amount in accordance with the relevant provisions of Article IV of the General Conditions. Section 2.07. Interest and commitment charges shall be payable semiannually in arrears on February 15 and August 15 in each year. Section 2.08. The Borrower shall repay the principal amount out- standing during of the preceding Loan in accordance with the provisions of Schedule 3 to this Agreement. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in order to facilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount of the Loan from a Variable Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Period, calculated at the rate applicable during such Rate Cap or Interest PeriodRate Collar on said Variable Rate. (b) As soon as practicable after the end Any conversion requested pursuant to paragraph (a) of each Semester, this Section that is accepted by the Bank shall notify the Borrower be considered a “Conversion”, as defined in Section 2.01(7) of the Cost General Conditions, and shall be effected in accordance with the provisions of Qualified Borrowings determined in respect Article IV of such Semesterthe General Conditions and of the Conversion Guidelines. (c) For Promptly following the purposes Execution Date for an Interest Rate Cap or Interest Rate Collar in respect of which the Borrower has requested that the premium be paid out of the proceeds of the Loan, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amounts required to pay any premium payable in accordance with Section 4.04(c) of the General Conditions up to the amount allocated from time to time for such purpose in the table in paragraph 1 of Schedule 1 to this Section:Agreement.

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan this Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve fifteen million dollars ($12,000,00015,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1996, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve three hundred fifty million dollars ($12,000,000), 350,000,000) being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30December 31, 1996 1994 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%l%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to the amount of twelve eighty million dollars ($12,000,00080,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for: (i) expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project and to be financed out of the proceeds of the Loan; and (ii) amounts paid (or, if the Bank shall so agree, to be paid) by BEA on behalf of the Borrower on account to selected staff of withdrawals made RHM institutions in respect of qualifying activities undertaken by a Beneficiary under a Sub-loan for a Development Project such staff to meet implement Part A.1 of the reasonable cost of goods and services required Project, to the extent that payments for such Development Project activities shall have been authorized and to shall be financed out deemed eligible for financing in accordance with the provisions of Schedule 1 of this Agreement. (b) The Borrower may, for the purposes of the proceeds Project, open and maintain in Dollars a separate special deposit account (the Special Account) in a bank acceptable to the Bank on terms and conditions satisfactory to the Bank, including appropriate protection against set-off, seizure and attachment. Deposits into, and payments out of, the Special Account shall be made in accordance with the provisions of the LoanSchedule 6 to this Agreement. Section 2.03. The Closing Date shall be June September 30, 1996 2010, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a front-end fee in an amount equal to one percent (1.00%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. Such fee shall be payable not later than sixty (60) days after the Effective Date. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 11.00%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve one hundred four million dollars ($12,000,000104,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 1999 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to three hundred million Dollars ($300,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000)b) and (c) of this Section, being the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn less the amount of the fee referred to in Section 2.04 of this Agreement from the Loan Account in accordance with support of the Program. (b) Except as the Bank may otherwise agree: (i) all withdrawals from the Loan Account shall be deposited by the Bank into an account designated by the Borrower and acceptable to the Bank; and (ii) the Borrower shall ensure that upon the deposit of the Loan into said account, an equivalent amount is credited in the Borrower’s budget management system, in a manner acceptable to the Bank. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement for amounts paid (or, if Agreement. If the Bank shall determines at any time that an amount of the Loan was used to make a payment for an expenditure so agreeexcluded, to be paid) by the Borrower on account shall, promptly upon notice from the Bank, refund an amount equal to the amount of withdrawals made by a Beneficiary under a Sub-loan for a Development Project said payment to meet the reasonable cost of goods and services required for Bank. Amounts refunded to the Bank upon such Development Project and to request shall be financed out of the proceeds of the Loancancelled. Section 2.03. The Closing Date shall be June 30March 31, 1996 2005, or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a fee in an amount equal to one percent (1%) of the amount of the Loan, subject to any waiver of a portion of such fee as may be determined by the Bank from time to time. On or promptly after the Effective Date, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amount of said fee. Section 2.05. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of twelve ninety-nine million dollars ($12,000,00099,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid expenditures made (or, if the Bank shall so agree, to be paidmade) by the Borrower on account in respect of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan. Section 2.03. The Closing Date shall be June 30, 1996 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing outstanding during the preceding Interest Period, calculated at the rate applicable during such Interest Period. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower and the Guarantor of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section:

The Loan. Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent amount equal to six hundred million Dollars ($600,000,000). (a) Subject to the amount provisions of twelve million dollars paragraphs ($12,000,000b), being (c) and (d) of this Section, the sum of withdrawals of Borrower shall be entitled to withdraw the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal. Section 2.02. The amount of the Loan may be withdrawn from the Loan Account in accordance with support of the Program. (b) The Borrower shall open, prior to furnishing to the Bank, the first request for withdrawal from the Loan Account, and thereafter maintain in its central bank, a deposit account in Dollars on terms and conditions satisfactory to the Bank. All withdrawals from the Loan Account shall be deposited by the Bank into the Deposit Account. (c) The Borrower undertakes that the proceeds of the Loan shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement Agreement. If the Bank shall have determined at any time that any proceeds of the Loan shall have been used to make a payment for amounts paid an expenditure so excluded, the Borrower shall, promptly upon notice from the Bank: (or, i) deposit into the Deposit Account an amount equal to the amount of said payment; or (ii) if the Bank shall so agreerequest, refund such amount to the Bank. Amounts refunded to the Bank upon such request shall be paid) by credited to the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan Loan Account for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loancancellation. Section 2.03. The Closing Date shall be June 30March 31, 1996 1998 or such later date as the Bank shall establish the establish. The Bank shall promptly notify the Borrower and the Guarantor of such later date. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-fourths of one per cent percent (3/4 of 1%) per annum on the principal amount of the Loan not withdrawn from time to time. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to tinetime, at a rate for each Interest Period equal to the Cost of Qualified Borrowings determined in respect of the preceding Semester, LIBOR Base Rate plus one-half of one percent (1/2 of 1%). On each of the dates specified in Section 2.06 of this Agreement, the Borrower shall pay interest accrued on the principal amount out- standing during the preceding Interest Period, calculated at the rate applicable during such Interest PeriodLIBOR Total Spread. (b) As soon as practicable after the end of each Semester, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Semester. (c) For the purposes of this Section: