Publication: Magyar Közlöny
Issue: MK-1998-78 (Year: 1998, Number: 78)
Era: 1990-2004
Section: 5. Az árverésen az 1997. évi XXXIII. törvény 7. §-a
Paragraph Index: 137

b) ha a Kedvezményezett elmulasztja a Bank számára megfelelő lépések megtételét a Tevékenység végrehajtására az itt feltüntetett hatályos dátumtól számított 6 hónapon belül. The World Bank International Bank for Reconstruction and Development International Development Association May 28, 1997 Mr. Laszlo Akar State Secretary Ministry of Finance Budapest, Hungary Re: Japanese Grant for the Flood Protection Project Grant Number TF 027107 Dear Sir: I am writing on behalf of the International Bank for Reconstruction and Development (the Bank) to indicate the Bank’s agreement, as administrator of grant funds provided by Japan to make a grant in an amount not exceeding five hundred thousand dollars ($ 500,000) (the Grant) to Republic of Hungary (the Recipient). The Grant is made in response to the Recipient’s request for financial assistance and for the purposes and on the terms and conditions set forth in the Annex to this Letter Agreement. The Recipient represents, by confirming its agreement below, that it is authorized to contract and withdraw the Grant for the said purposes and on the said terms and conditions. Please confirm your agreement with the foregoing, on behalf of the Recipient, by signing, dating, and returning to us the enclosed copy of this Letter Agreement. Upon receipt by the Bank of the copy of this Letter Agreement countersigned by you, this Letter Agreement will become effective as of the date of the countersignature. Very truly yours, International Bank for Reconstruction and Development Hans Apitz Acting Country Director EC2 Europe and Central Asia Region AGREED: Republic of Hungary, Ministry of Transport, Communications and Water Management By Dr. Ferenc Kovács, Deputy State Secretary Date: 26 May, 1998, Budapest 1998/78. szám ANNEX Purposes, Terms and Conditions of the Grant

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