Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1694869728014.pdf (Guyana)
-2 - 2.

"Advance of Funds" means the amount of resources chargeable to the Loan, to cover eligible advanced by the Bank to the expenditures of the Project, as Borrower, provided in Article 4.07 of these General Conditions.

Schedule" 3.
Schedule" 3.

"Amortization Conditions Financing provisions for the payment of amortization schedule or any modified of Article 3.05 of these General means the original schedule installments lhe Parties set forth in lhe Special of the Regular pursuant OC to the agreed to between Conditions.

4.

"Amortization Schedule by means of which the Bank responds Request Modification Letter.

Notification Letter" means a communication to an Amortization Schedule Modification 5.
"Amortization communication Amortization Schedule.

Schedule from the Borrower Request Letter'' to the Bank requesting Modification a modification to the means the irrevocable 6.

"Approval Currency" in which the Bank approves the Loan, which �ay be Dollars means the currency or any Local Currency.

7.

"Bank" shall have the meaning assigned to it in the Special Conditions.

8.
8.

"Bank's Cost of Funding·' (3-month) three-month cost of funding instruments in terms of an annual percentage, LIBOR Interest applicable Rate in Dollars, to the Flexible by the Bank.

as determined relative to a means a cost margin calculated quarterly average using the weighted expressed Financing Facility, 9.
"Base Interest Rate" means the rate determined by the Bank at the time of a execution, based on: (i) the currency rate requested market conditions; by the Borrower; (iii) and (v) one of the following: (1) the three­ requested by the Borrower; (ii) the the Amortization Schedule; Conversion type of interest (iv)the existing month (3-month) Bank's estimated Conversion; Conversion; subject Loan Balances.
to a previous Rate in Dollars LIBOR Interest cost of funding in Dollars (2) the Bank's actual cost of funding to Outstanding or (3) with respect the interest Conversion, used as a basis for the that have been Loan Balances plus a margin reflecting at the time of disbursement the or rate in effect for such Outstanding 10.

"Board" means the Board of Executive Directors of the Bank.

11.

"Borrower" Conditions.

shall have the meaning assigned to it in the recitals of the Special 12.
''Business settle markets Day" means a day on which commercial payments and are open for general banks and foreign exchange in dealings (including business 4676/BL-GY -4- Com ersion sent by the Borrower.

has been effected, in accordance with the Conversion Request Letter 23.

"Conversion Period" means, with respect and the last day of the interest the Conversion Date ends, pursuant payment which interest corresponding of principal to its terms.
Notwithstanding and interest, the Conversion to any Conversion, the period between in which the Com ers1on for purposes shall end on the day on period the foregoing, Period is paid.

period of the last to such interest 24 "Conversion Borrower General to the Bank Conditions.

Request Letter" means the irrevocable requesting a Conversion, pursuant communication to Article 5.0 I of these of the 25.

"Converted Currency" means any Local Currency or Pnncipal all or part of the Loan is denominated effected.
after a Currency Currency in which has been Conversion 26.

"Currency Conversion" means, with respect Loan Balance, to a disbursement a change in the currency or with respect to all of denommat1on or parf'of an Outstanding to a Local Currency or a Principal Currency.

'27.

"Currency Conversion Date" means.

in relation to Currency the effective disbursements, in the case of Currency Conversions which the debt is redenominated.

Nottfication Letter.


date on which the Bank makes the disbursement of Outstanding Loan Balances, These dates shall be set forth in the Comers1on for new Comers1ons and, the date on 28.

"Denvative Contract'" means any contract or the Bank and the Guarantor transactions agreed to between Borrower derivative and the Guarantor, and other supplemental part thereof.
agreements including the Bank and the confmn one or more or the Bank any subsequent amendments entered into between and/or to document the Bank and the Borrower, thereto.

All attachments to a Derivative Contract shall form an integral 29.

"Dollar" means the legal tender of the United States of America.

30.

·'Eligible Expenditure" shall have the mearting assigned to it m the Special Cond111ons JI.
--Executmg Agency" means the entity with legal capacity responsible for executing the Project one Executing md1stmctl and for using the proceeds of the Loan.

Whenever Agency, these will be co-executmg agencies there 1s more than and shall be referred to y as ·'Executing Agencies" or "Co-executing Agem.:1es."

32.
·'Execu11on Period" a Conversion means the period in as determined Business by the Borrower effect Days during which the Bank may m the Conversion Request 4676/BL-GY • .r -26 - subject Balance thirty alternatively, as determined with variations amounts to a Currency Conversion into Dollars pursuant (30) days after the redenomination date, the Borrower to Article shall receive corresponding 5.10 above, withm from the Bank, or to any gain or cost shall pay by the Calculation the amow1ts the Dollar redenomination date, Agent, up until to the Bank, as applicable, in connection in the interest rates.
by the Borrower due and payable to the Bank.

In case of a gain, the amount will be credited first to any delay m respect of principal and any premiums ARTICLE 5.12.

Delay in Payment in Case of Currency or financial payment of amounts of a Conversion Bank as a result payable in a currency the Bank may charge interest other than the Dollar, Currency total amount in arrears, transfer as a result of such delay.
by the Calculation irrespective ln the event of any that the Borrower owes the 5.08 to Article rate in the Converted (1 %) over the to ensure a full charges to the Bank pursuant at a floating of additional charges for the Bank to recover Agent, plus a spread of 100 basis points of costs in the event such spread of the applicability the costs incurred Conversion.

is not sufficient determined Request or the Guarantor, to a Conversion Letter; in the Converted in writing; ARTICLE 5.13.
Additional Borrower, relating Conversion Loan Balance the Borrower of all or part of the Loan on the agreed results in the Bank incurring pay the Bank such amounts, the costs incurred by the Bank.

Costs in Case of Conversions.
If an action of principal, or omission by the interest, and fees on the due dates; (a) nonpayment if any, including: (b) revoking of a partial if such prepayment (c) nonfulfillment Currency, or changing or full prepayment the tem1s set forth in a of the Outstanding had been previously requested have an impact on the maintenance by ( d) a change in laws or regulations that or (c) other actions Conversion costs to those described terms; additional as determined above, shall in this Contract, of Agent, to ensure a full transfer not described the Borrower by the Calculation CHAPTER VJ Execution of the Project Systems Management or cause the Executing controls ARTICLE 6.01.
Financial shall maintain, case may be, internal purposes (ii)that Project activities any other contract related recorded of this Contract, assets devoting arc adequately and executed to the Project; in a way that facilitates and Internal Agency and Contracting Agency, (i) that Project so as to reasonably ensure: to the principles attention that Project (iii) safeguarded; with the provisions are properly and (iv) that transactions in accordance if any, to maintain, resources as the are used for the of economy and efficiency; transactions, decisions, of this Contract and the production (a) The Borrower documented reports.
and reliable Control.
authorized are duly of timely special and and (b)The Borrower shall maintain, and shall cause the Executing Contracting Agency, if any, to maintain, for the timely management of Project (ii)accounting, budgetary, and financial (iv)payment and reliable that provides record-keeping; (iii) audit reports an acceptable resources (v) the issuance processing; of financial financial Agency and the management for: (i) financial system planning; administration; contract and other reports associated 4676/BL-GY - 34 - CHAPTERIX Prohibited Practices procedures, 8.0 l(g) and 8.O2(a)(iii) activity, including, Practices.
of these General that a firm, entity, among others, ARTICLE 9.01.
Prohibited Articles with its sanctions Bank-financed and individual consultants, services, respective expressly execution effect as of the date of this Contract to lime and makes known to the Borrower, officers, or implicitly of the Project, and agents, employees, has engaged granted) the Bank may take the actions concessionaires, personnel, including: (a) In addition Conditions, or individual applicants, established in to the prov1s10ns in accordance if the Bank determines, in a firms contractors, for or participating bidders, bidding consulting of goods or providers Entity (including their subcontractors, subconsultants, financial intermediaries, or a Contracting of whether irrespective has been their authority with the in connection in a Prohibited Practice procedures in from time provided for in its sanctions that the Bank approves or the amendments thereto (i) Denying financing of contracts contracting of works or consulting for the procurement services; or non-consulting of goods or the (ii)0eclaring a contract ineligible that the agent of the Borrower, evidence Contracting measures of the commission Bank considers Entity, (including for Bank financing there is whenever or the Agency, as the case may be, has not taken adequate notice providing Practice) adequate of the Prohibited to the Bank upon learning within a period of time the the Executing remedial reasonable; (iii)Issuing the firm, entity, or individual determined to be responsible a reprimand in the form of a formal letter of censure for its behavior; (iv)Declaring engaging temporarily, contractor supplier a firm, entity, in the Prohibited to participate or individual Practice in Bank-financed determined ineligible, either to be responsible for permanently or directly as a subcontractor, or a as a subconsultant, or non-consulting whether activities, services; and or indirectly or supplier, consulting services, of goods, (v) Imposing fines representing and proceedings with investigations the Prohibited Practice.
reimbursement to the Bank of costs associated in connection with the commission of (b) The provisions of Article 8.Ol(g) and Article 9.Ol(a)(i) shall also apply in cases in which the Contracting activity, Bank-financed personnel, consultants, concessionaires their authority eligibility pending the final outcome (including has been expressly to take part in a bidding Agency or any firm, entity, applicants, including bidders.
or individual bidding consulting contractors, providers for or participating firms and individual of goods or services, in a subcontractors, their respective subconsultants, officers, employees, and agents, or implicitly or other selection granted) process irrespective of whether suspended from of new contracts has been temporarily for the awarding Practice.

of an investigation into a Prohibited 4676/BL-GY