제15995호                            관                 보                2005. 5.17. (화요일)

 costs for services rendered by banks in                               Article 4
 connection with disbursements of the                  In the event the funds available from the
 proceeds of the Loan, repayment of                proceeds of the Loan are insufficient for the
 principal or payment of interest payable to       full implementation of the Project, the
 the Bank under the Loan Agreement shall be        Borrower shall promptly make arrangements
 subject to a banking arrangement to be            to provide such funds as are needed.
 concluded between the concerned banks of                              Article 5
 the two countries ; and                               The proceeds of the Loan shall be disbursed
5. In the event the Borrower fails to make         by the Bank to the Borrower, or to the supplier
 payment of all or any portion of the              on behalf of the Borrower, in accordance with
 principal of the Loan or any other amount         the progress of the Project, up to the amount
 when due under the Loan Agreement, the            of the Loan, and within the disbursement
 unpaid amount shall bear an overdue charge        period specified in the Loan Agreement and in
 at the rate of two percent (2.0%) per annum       accordance with the disbursement procedure
 above the interest rate.                          under the Loan Agreement.
                  Article 3                                            Article 6
1. The eligible source country for the                 Other terms and conditions to be specified
 procurement of goods and services required        in the Loan Agreement shall be determined
 for the Project shall be the Republic of          through negotiations between the Borrower
 Korea. Procurement for the Project from           and the Bank.
 any third country may be allowed with the                             Article 7
 prior consent of the Bank for up to Twenty            This Arrangement shall enter into force on
 Three percent (23%) of the Loan amount for the    the date of signature and shall remain
 Project if it is impossible or uneconomical       effective, unless otherwise agreed upon by the
 to purchase certain goods and services from       Contracting Parties, until the Borrower
 the eligible source country.                      performs all the obligations under the Loan
2. The suppliers of goods and services             Agreement.
 necessary for the implementation of the               DONE in duplicate at Nairobi, on this 10th
 Project shall be selected through Limited         day of May 2005, in the English language.
 Competitive     Bidding      among   Korean           FOR THE GOVERNMENT OF
 Suppliers.                                            THE REPUBLIC OF KOREA
3. The procurement contract shall be                               FOR THE GOVERNMENT OF
 concluded within eighteen (18) months after                       THE REPUBLIC OF KENYA
 the effective date of the Loan Agreement.
4. Details of the methods and procedures for           2005년 5 월10일 타쉬켄트에서 반기문 외교통
 procurement shall be set out in the Loan          상부장관과 GANIEV Elyor Majidovich 우즈베키
 Agreement.                                        스탄 부총리 겸 외무부장관간에 서명되어 동일 발

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