<СОГЛАШЕНИЕ МЕЖДУ РОССИЙСКОЙ ФЕДЕРАЦИЕЙ И МЕЖДУНАРОДНЫМ БАНКОМ РЕКОНСТРУКЦИИ И РАЗВИТИЯ О ЗАЙМЕ ДЛЯ ФИНАНСИРОВАНИЯ МЕРОПРИЯТИЙ В РАМКАХ ПРАВОВОЙ РЕФОРМЫ В РОССИЙСКОЙ ФЕДЕРАЦИИ> (loan number 4035 ru) [англ.](Заключено в г. Вашингтоне 21.06.1996)


Loan Number 4035 RU
LOAN AGREEMENT
(LEGAL REFORM PROJECT)
BETWEEN RUSSIAN FEDERATION AND INTERNATIONAL
BANK FOR RECONSTRUCTION AND DEVELOPMENT
(Washington, 21.VI.1996)
Agreement, dated June 21, 1996 between Russian Federation (the Borrower) and International Bank for Reconstruction and Development (the Bank).
Whereas (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Bank to assist in the financing of the Project;
(B) the Project will be carried out by the Russian Foundation for Legal Reform (the RFLR) with the Borrower"s assistance and, as part of such assistance, the Borrower will make available to the RFLR the proceeds of the Loan as provided in this Agreement; and
Whereas the Bank has agreed, on the basis, inter alia, of the foregoing, to extend the Loan to the Borrower upon the terms and conditions set forth in this Agreement and in the Project Agreement of even date herewith between the Bank and the RFLR;
Now therefore the parties hereto hereby agree as follows:
Article I
General Conditions; Definitions
Section 1.01. The "General Conditions Applicable to Loan and Guarantee Agreements" of the Bank, dated January 1, 1985, with the modifications set forth below (the General Conditions) constitute an integral part of this Agreement:
(a) The last sentence of Section 3.02 is deleted.
(b) The second sentence of Section 5.01 is modified to read:
"Except as the Bank and the Borrower shall otherwise agree, no withdrawals shall be made: (a) on account of expenditures in the territories of any country which is not a member of the Bank or for goods produced in, or services supplied from, such territories; or (b) for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of the Bank, is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations."
(c) In Section 6.02, sub-paragraph (k) is re-lettered as sub-paragraph (1) and a new sub-paragraph (k) is added to read:
"(k) An extraordinary situation shall have arisen under which any further withdrawals under the Loan would be inconsistent with the provisions of Article III, Section 3 of the Bank"s Articles of Agreement."
Section 1.02. Unless the context otherwise requires, the several terms defined in the General Conditions have the respective meanings therein set forth and the following additional terms have the following meanings:
(a) "Project Agreement" means the agreement between the Bank and the RFLR of even date herewith, as the same may be amended from time to time, and such term includes all schedules and agreements supplemental to the Project Agreement;
(b) "RFLR" means the Russian Foundation for Legal Reform, a noncommercial state foundation established by the Borrower pursuant to Directive No. 81-RP of the President of the Borrower of February 22, 1996 and Decree No. 230-R of the Government of the Borrower of February 23, 1996;
(c) "Statutes" means the decrees, acts, charter and other instruments relating to the creation and operation of the RFLR, and any legislation and decrees upon which the statutes or the legal reform program of the Borrower are based, including Decree No. 673 of the President of the Borrower of July 6, 1995, as the same may have been amended to the date of this Agreement;
(d) "Special Account" means the account referred to in Section 2.02 (b) of this Agreement;
(e) "Fiscal Year" means January 1 to December 31; and
(f) "Subprojects" means the activities carried out under Part E of the Project.
Article II
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 fifty eight million dollars (58,000,000 USD), 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 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 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 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 4 to this Agreement.
Section 2.03. The Closing Date shall be December 31, 2000 or such later date as the Bank shall establish. The Bank shall promptly notify the Borrower 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.
Section 2.05. (a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to 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 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:
(i) "Interest Period" means a six-month period ending on the date immediately preceding each date specified in Section 2.06 of this Agreement, beginning with the Interest Period in which this Agreement is signed.
(ii) "Cost of Qualified Borrowings" means the cost, as reasonably determined by the Bank and expressed as a percentage per annum, of the outstanding borrowings of the Bank drawn down after June 30, 1982, excluding such borrowings or portions thereof as the Bank has allocated to fund:
(A) the Bank"s investments; and
(B) loans which may be made by the Bank after July 1, 1989 bearing interest rates determined otherwise than as provided in paragraph (a) of this Section.
(iii) "Semester" means the first six months or the second six months of a calendar year.
(d) On such date as the Bank may specify by no less than six months" notice to the Borrower, paragraphs (a), (b) and (c) (iii) of this Section shall be amended to read as follows:
"(a) The Borrower shall pay interest on the principal amount of the Loan withdrawn and outstanding from time to time, at a rate for each Quarter equal to the Cost of Qualified Borrowings determined in respect of the preceding Quarter, 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 outstanding during the preceding Interest Period, calculated at the rates applicable during such Interest Period."
"(b) As soon as practicable after the end of each Quarter, the Bank shall notify the Borrower of the Cost of Qualified Borrowings determined in respect of such Quarter."
"(c) (iii) "Quarter" means a three-month period commencing on January 1, April 1, July 1 or October 1 in a calendar year."
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 repay the principal amount of the Loan in accordance with the amortization schedule set forth in Schedule 3 to this Agreement.
Article III
Execution of the Project
Section 3.01. (a) The Borrower declares its commitment to the objectives of the Project as set forth in Schedule 2 to this Agreement. To this end, without any limitation or restriction upon any of its other obligations under the Loan Agreement, the Borrower:
(i) shall act through the RFLR and shall cause the RFLR to perform in accordance with the provisions of the Project Agreement all the obligations of the RFLR therein set forth;
(ii) shall take or cause to be taken all action, including the provision of funds, facilities, services and other resources, necessary or appropriate to enable the RFLR to perform such obligations; and
(iii) shall not take or permit to be taken any action which would prevent or interfere with such performance.
(b) The Borrower shall make the proceeds of the Loan available to the RFLR on a grant basis under arrangements satisfactory to the Bank for the sole purpose of carrying out the Project.
Section 3.02. Except as the Bank shall otherwise agree, procurement of the goods, works and consultants" services required for the Project and to be financed out of the proceeds of the Loan shall be governed by the provisions of Schedule 1 to the Project Agreement.
Section 3.03. The Bank and the Borrower hereby agree that the obligations set forth in Sections 9.04, 9.05, 9.06, 9.07, 9.08 and 9.09 of the General Conditions (relating to insurance, use of goods and services, plans and schedules, records and reports, maintenance and land acquisition, respectively) shall be carried out by the RFLR pursuant to Section 2.03 of the Project Agreement.
Section 3.04. The Borrower shall, with the assistance of the RFLR:
(a) maintain policies and procedures adequate to enable it to monitor and evaluate on an ongoing basis, in accordance with indicators satisfactory to the Bank, the carrying out of the Project and the achievement of the objectives thereof;
(b) prepare, or cause to be prepared, under terms of reference satisfactory to the Bank, and furnish to the Bank, on or about September 30, 1998, a report integrating the results of the monitoring and evaluation activities performed pursuant to paragraph (a) of this Section, on the progress achieved in the carrying out of the Project during the period preceding the date of said report and setting out the measures recommended to ensure the efficient carrying out of the Project and the achievement of the objectives thereof during the period following such date; and
(c) review with the Bank and the RFLR, by October 31, 1998, or such later date as the Bank shall request, the report referred to in paragraph (b) of this Section, and thereafter, take all measures required to ensure the efficient completion of the Project and the achievement of the objectives thereof, based on the conclusions and recommendations of the said report and the Bank"s views on the matter.
Article IV
Financial Covenants
Section 4.01. (a) For all expenditures with respect to which withdrawals from the Loan Account were made on the basis of statements of expenditure, the Borrower shall:
(i) maintain or cause to be maintained in accordance with sound accounting practices, records and accounts reflecting such expenditures;
(ii) ensure that all records (contracts, orders, invoices, bills, receipts and other documents) evidencing such expenditures are retained until at least one year after the Bank has received the audit report for the fiscal year in which the last withdrawal from the Loan Account was made; and
(iii) enable the Bank"s representatives to examine such records.
(b) The Borrower shall, or shall cause to:
(i) have the records and accounts referred to in paragraph (a) (i) of this Section and those for the Special Account for each fiscal year audited, in accordance with appropriate auditing principles consistently applied, by independent auditors acceptable to the Bank;
(ii) furnish to the Bank as soon as available, but in any case not later than six (6) months after the end of each such year the report of such audit by said auditors, of such scope and in such detail as the Bank shall have reasonably requested, including a separate opinion by said auditors as to whether the statements of expenditure submitted during such fiscal year, together with the procedures and internal controls involved in their preparation, can be relied upon to support the related withdrawals; and
(iii) furnish to the Bank such other information concerning said records and accounts and the audit thereof as the Bank shall from time to time reasonably request.
Article V
Remedies of the Bank
Section 5.01. Pursuant to Section 6.02 (1) of the General Conditions, the following additional events are specified:
(a) The RFLR shall have failed to perform any of its obligations under the Project Agreement.
(b) As a result of events which have occurred after the date of the Loan Agreement, an extraordinary situation shall have arisen which shall make it improbable that the RFLR will be able to perform its obligations under the Project Agreement.
(c) The Statutes shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the RFLR to perform any of its obligations under the Project Agreement.
(d) The Borrower or any other authority having jurisdiction shall have taken any action for the dissolution or disestablishment of the RFLR or for the suspension of its operations.
Section 5.02. Pursuant to Section 7.01 (h) of the General Conditions, the following additional events are specified:
(a) the event specified in paragraph (a) of Section 5.01 of this Agreement shall occur and shall continue for a period of sixty (60) days after notice thereof shall have been given by the Bank to the Borrower; and
(b) the events specified in paragraphs (c) and (d) of Section 5.01 of this Agreement shall occur.
Article VI
Effective Date; Termination
Section 6.01. The following is specified as an additional matter, within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the Bank, namely, that the Project Agreement has been duly authorized or ratified by RFLR, and is legally binding upon the RFLR in accordance with its terms.
Section 6.02. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions.
Article VII
Representatives of the Borrower; Addresses
Section 7.01. The Minister of Finance or the Deputy Minister of Finance of the Borrower is designated as representative of the Borrower for the purposes of Section 11.03 of the General Conditions.
Section 7.02. The following addresses are specified for the purposes of Section 11.01 of the General Conditions:
For the Borrower:
Ministry of Finance
Ilyinka Street 9
103009 Moscow
Russian Federation
Telex:
112008
For the Bank:
International Bank for
Reconstruction and Development
1818H Street, N.W.
Washington, D.C. 20433
United States of America
Cable address: Telex:
INTBAFRAD 197688 (TRT),
Washington, D.C. 248423 (RCA),
64145 (WUI) or
82987 (FTCC)
In witness whereof, the parties hereto, acting through their duly authorized representatives, have caused this Agreement to be signed in their respective names in the District of Columbia, United States of America, as of the day and year first above written.


SCHEDULE 1
WITHDRAWAL OF THE PROCEEDS OF THE LOAN
1. The table below sets forth the Categories of items to be financed out of the proceeds of the Loan, the allocation of the amounts of the Loan to each Category and the percentage of expenditures for items so to be financed in each Category:
--------------------------T------------------T-------------------¬
¦ Category ¦ Amount of the ¦ % of ¦
¦ ¦ Loan Allocated ¦ Expenditures ¦
¦ ¦ (Expressed in ¦ to be Financed ¦
¦ ¦Dollar Equivalent)¦ ¦
+-------------------------+------------------+-------------------+
¦(1) Consultants" services¦ 12,000,000 ¦100% ¦
¦ under Part A of the ¦ ¦ ¦
¦ Project ¦ ¦ ¦
¦ ¦ ¦ ¦
¦(2) Consultants" services¦ 8,000,000 ¦100% ¦
¦ under Part B of the ¦ ¦ ¦
¦ Project ¦ ¦ ¦
¦ ¦ ¦ ¦
¦(3) Part C of the Project¦ ¦ ¦
¦ ¦ ¦ ¦
¦(a) Law school programs ¦ ¦ ¦
¦ ¦ ¦ ¦
¦(i) Consultants" ¦ 2,000,000 ¦100% ¦
¦ services ¦ ¦ ¦
¦ ¦ ¦ ¦
¦(ii) Training programs ¦ 2,000,000 ¦100% ¦
¦ ¦ ¦ ¦
¦(iii) Equipment and ¦ 1,000,000 ¦100% of foreign ¦
¦ materials ¦ ¦expenditures, 100% ¦
¦ ¦ ¦of local ¦
¦ ¦ ¦expenditures ¦
¦ ¦ ¦ex-factory cost) ¦
¦ ¦ ¦and 80% of local ¦
¦ ¦ ¦expend itures for ¦
¦ ¦ ¦other items ¦
¦ ¦ ¦procured locally ¦
¦ ¦ ¦ ¦
¦(b) Public education ¦ 12,500,000 ¦100% ¦
¦ programs ¦ ¦ ¦
¦ ¦ ¦ ¦
¦(4) Part D of the Project¦ ¦ ¦
¦ ¦ ¦ ¦
¦(a) Consultants"services ¦ 7,000,000 ¦100% ¦
¦ and training ¦ ¦ ¦
¦ programs ¦ ¦ ¦
¦ ¦ ¦ ¦
¦(b) Equipment and ¦ 500,000 ¦100% of foreign ¦
¦ materials ¦ ¦expenditures, 100% ¦
¦ ¦ ¦of local ¦
¦ ¦ ¦expenditures ¦
¦ ¦ ¦ex-factory cost) ¦
¦ ¦ ¦and 80% of local ¦
¦ ¦ ¦expend itures for ¦
¦ ¦ ¦other items ¦
¦ ¦ ¦procured locally ¦
¦ ¦ ¦ ¦
¦(5) Sub-projects ¦ ¦ ¦
¦ under Part E ¦ 4,000,000 ¦ ¦
¦ of the Project ¦ ¦ ¦
¦ ¦ ¦ ¦
¦(a) Consultants"services ¦ ¦100% ¦
¦ ¦ ¦ ¦
¦(b) Equipment and ¦ ¦100% of foreign ¦
¦ materials ¦ ¦expenditures, 100% ¦
¦ ¦ ¦of local ¦
¦ ¦ ¦expenditures ¦
¦ ¦ ¦ex-factory cost) ¦
¦ ¦ ¦and 80% of local ¦
¦ ¦ ¦expend itures for ¦
¦ ¦ ¦other items ¦
¦ ¦ ¦procured locally ¦
¦ ¦ ¦ ¦
¦(c) Small works ¦ ¦100% of foreign ¦
¦ ¦ ¦expenditures and ¦
¦ ¦ ¦80% of local ¦
¦ ¦ ¦expenditures ¦
¦ ¦ ¦ ¦
¦(6) Incremental Operating¦ 5,000,000 ¦100% ¦
¦ Cost ¦ ¦ ¦
¦ ¦ ¦ ¦
¦(7) Unallocated ¦ 4,000,000 ¦ ¦
¦ ¦ ¦ ¦
¦ TOTAL ¦ 58,000,000 ¦ ¦
L-------------------------+------------------+--------------------
2. For the purposes of this Schedule:
(a) the term "foreign expenditures" means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;
(b) the term "local expenditures" means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and
(c) the term "Incremental Operating Costs" means Project related operating costs and expenses, including incremental staffing costs, rental, communications, utilities, office equipment and supplies, travel and subsistence allowance, interpretation and translation, and such other incremental office operational costs and expenses as may be agreed by the Bank.
3. Notwithstanding the provisions of paragraph 1 above, no withdrawals shall be made in respect of payments made for expenditures prior to the date of this Agreement.
4. The Bank may require withdrawals from the Loan Account to be made on the basis of statements of expenditure for expenditures for:
(a) goods under contracts costing less than 100,000 USD equivalent; and
(b) services under contracts, in case of firms, costing less than 100,000 USD equivalent and, in case of individual, costing less than 50,000 USD equivalent, under such terms and conditions as the Bank shall specify by notice to the Borrower.


SCHEDULE 2
DESCRIPTION OF THE PROJECT
The objective of the Project is to assist the Borrower to improve the legal framework in Russia by inter alia:
(a) strengthening the preparation of legislation needed to support economic reforms;
(b) improving legal information;
(c) enhancing legal training and education; and
(d) strengthening dispute settlement machinery, including courts and alternative dispute settlement mechanisms.
The Project consists of the following parts, subject to such modifications thereof as the Borrower and the Bank may agree upon from time to time to achieve such objectives.
Part A
Law-Making
1. Preparation of draft laws and regulations needed to support economic reforms in subjects agreed with the Bank through provision of technical assistance.
2. Improving the drafting process for laws and regulations at the national level by carrying out a study to identify changes and needs and implementation of the recommendations thereof.
3. Improving federal-regional law drafting by carrying out a study on ways to better coordinate legislation and implementation of the recommendations thereof.
4. Improving drafting of priority economic legislation at the regional level through selection of pilot areas to carry out law-making activities including training thereon.
Part B
Legal Information
1. Improving the classification and codification of laws and regulations by carrying out a study and implementing the recommendations of such study in pilot activities.
2. Improving the legal information system within Russia by carrying out a needs assessment for official and public legal information and implementation of the recommendations of such assessment through demonstration activities.
Part C
Legal Education and Training
1. Carrying out legal education and training programs under criteria agreed with the Bank aimed at law schools, legal institutes, legal teachers and students, and officials involved with the legal system.
2. Improving public education and awareness about changes in the legal system through provision of advisory services and information to the public through the media and through public education materials.
Part D
Court Reform and Alternative Dispute Resolution
1. Improving court administration and facilities by carrying out a needs assessment.
2. Strengthening training of judges and court personnel through training programs and facilities.
3. Expanding alternative dispute mechanisms through training, provision of advisory services, materials and equipment.
4. Carrying out a program of workshops for judges to improve court functioning, administration and efficiency.
Part E
Sub-projects
Carrying out other high priority legal reform activities and project preparation actions, under sub-projects agreed with the Bank.
The Project is expected to be completed by June 30, 2000.


SCHEDULE 3
AMORTIZATION SCHEDULE
------------------------------------T----------------------------¬
¦ Date Payment Due ¦ Payment of Principal ¦
¦ ¦ (expressed in dollars) ¦
+-----------------------------------+----------------------------+
¦On each March 15 and September 15 ¦ ¦
¦ ¦ ¦
¦ beginning September 15, 2001 ¦ ¦
¦ through September 15, 2012 ¦ 2,415,000 ¦
¦ ¦ ¦
¦On March 15, 2013 ¦ 2,455,000 ¦
L-----------------------------------+-----------------------------


SCHEDULE 4
SPECIAL ACCOUNT
1. For the purposes of this Schedule:
(a) the term "eligible Categories" means Categories set forth in the table in paragraph 1 of Schedule 1 to this Agreement;
(b) the term "eligible expenditures" means expenditures 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 allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and
(c) the term "Authorized Allocation" means an amount equivalent to 2,000,000 USD to be withdrawn from the Loan Account and deposited into the Special Account pursuant to paragraph 3 (a) of this Schedule, provided, however, that unless the Bank shall otherwise agree, the Authorized Allocation shall be limited to an amount equivalent to 500,000 USD until the aggregate amount of withdrawals from the Loan Account plus the total amount of all outstanding special commitments entered into by the Bank pursuant to Section 5.02 of the General Conditions shall be equal to or exceed the equivalent of 5,000,000 USD.
2. Payments out of the Special Account shall be made exclusively for eligible expenditures in accordance with the provisions of this Schedule.
3. After the Bank has received evidence satisfactory to it that the Special Account has been duly opened, withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Account shall be made as follows:
(a) For withdrawals of the Authorized Allocation, the Borrower shall furnish to the Bank a request or requests for deposit into the Special Account of an amount or amounts which do not exceed the aggregate amount of the Authorized Allocation. On the basis of such request or requests, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and deposit into the Special Account such amount or amounts as the Borrower shall have requested.
(b) (i) For replenishment of the Special Account, the Borrower shall furnish to the Bank requests for deposits into the Special Account at such intervals as the Bank shall specify.
(ii) Prior to or at the time of each such request, the Borrower shall furnish to the Bank the documents and other evidence required pursuant to paragraph 4 of this Schedule for the payment or payments in respect of which replenishment is requested. On the basis of each such request, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and deposit into the Special Account such amount as the Borrower shall have requested and as shall have been shown by said documents and other evidence to have been paid out of the Special Account for eligible expenditures. All such deposits shall be withdrawn by the Bank from the Loan Account under the respective eligible Categories, and in the respective equivalent amounts, as shall have been justified by said documents and other evidence.
4. For each payment made by the Borrower out of the Special Account, the Borrower shall, at such time as the Bank shall reasonably request, furnish to the Bank such documents and other evidence showing that such payment was made exclusively for eligible expenditures.
5. Notwithstanding the provisions of paragraph 3 of this Schedule, the Bank shall not be required to make further deposits into the Special Account:
(a) if, at any time, the Bank shall have determined that all further withdrawals should be made by the Borrower directly from the Loan Account in accordance with the provisions of Article V of the General Conditions and paragraph (a) of Section 2.02 of this Agreement;
(b) if the Borrower shall have failed to furnish to the Bank, within the period of time specified in Section 4.01 (b) (ii) of this Agreement, any of the audit reports required to be furnished to the Bank pursuant to said Section in respect of the audit of the records and accounts for the Special Account;
(c) if, at any time, the Bank shall have notified the Borrower of its intention to suspend in whole or in part the right of the Borrower to make withdrawals from the Loan Account pursuant to the provisions of Section 6.02 of the General Conditions; or
(d) once the total unwithdrawn amount of the Loan allocated to the eligible Categories, minus the total amount of all outstanding special commitments entered into by the Bank pursuant to Section 5.02 of the General Conditions with respect to the Project, shall equal the equivalent of twice the amount of the Authorized Allocation.
Thereafter, withdrawal from the Loan Account of the remaining unwithdrawn amount of the Loan allocated to the eligible Categories shall follow such procedures as the Bank shall specify by notice to the Borrower. Such further withdrawals shall be made only after and to the extent that the Bank shall have been satisfied that all such amounts remaining on deposit in the Special Account as of the date of such notice will be utilized in making payments for eligible expenditures.
6. (a) If the Bank shall have determined at any time that any payment out of the Special Account:
(i) was made for an expenditure or in an amount not eligible pursuant to paragraph 2 of this Schedule; or
(ii) was not justified by the evidence furnished to the Bank, the Borrower shall, promptly upon notice from the Bank:
(A) provide such additional evidence as the Bank may request; or
(B) deposit into the Special Account (or, if the Bank shall so request, refund to the Bank) an amount equal to the amount of such payment or the portion thereof not so eligible or justified. Unless the Bank shall otherwise agree, no further deposit by the Bank into the Special Account shall be made until the Borrower has provided such evidence or made such deposit or refund, as the case may be.
(b) If the Bank shall have determined at any time that any amount outstanding in the Special Account will not be required to cover further payments for eligible expenditures, the Borrower shall, promptly upon notice from the Bank, refund to the Bank such outstanding amount.
(c) The Borrower may, upon notice to the Bank, refund to the Bank all or any portion of the funds on deposit in the Special Account.
(d) Refunds to the Bank made pursuant to paragraphs 6 (a), (b) and (c) of this Schedule shall be credited to the Loan Account for subsequent withdrawal or for cancellation in accordance with the relevant provisions of this Agreement, including the General Conditions.

КОНВЕНЦИЯ n 177 Международной организации труда"О НАДОМНОМ ТРУДЕ"(Принята в г. Женеве 20.06.1996 на 83-ей сессии Генеральной конференции МОТ)  »
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