제15960호                           관                 보                  2005. 4. 4. (월요일)

 (c) The disbursement period shall be sixty          prior consent of the Bank up to an amount
   (60) months from the effective date of the        of Eleven Million US Dollars (US$
   Loan Agreement;                                   11,000,000) of the total amount of the Loan
 (d) A service charge of one-tenth of one            if it is impossible or uneconomical to
   percent (0.1%) of the amount of each              purchase certain goods and services from
   disbursement in case of a Direct Payment          the eligible source countries.
   Procedure, or of the amount specified in         (2) The suppliers of all goods and services
   the Letter of Commitment in case of a             necessary for the implementation of the
   Commitment Procedure, shall be collected          Project shall be selected through Limited
   by the Bank and financed out of the               Competitive     Bidding        among   Korean
   proceeds of the Loan;                             Companies.
 (e) All banking charges and/or costs for           (3) The procurement contracts shall be
   services rendered by banks in connection          concluded within eighteen (18) months after
   with disbursements of the proceeds of the         the effective date of the Loan Agreement.
   Loan, repayment of principal or payment          (4) The detailed methods and procedures for
   of interest payable to the Bank under the         procurement shall be governed by the Loan
   Loan Agreement shall be subject to a              Agreement.
   banking arrangement to be concluded                                  Article 4
   between the banks designated by the               In the event the funds available from the
   Borrower and the Bank; and                       proceeds of the Loan are insufficient for the
 (f) In the event the Borrower fails to make        full implementation of the Project, the
   payment of all or any portion of the             Borrower shall promptly make arrangements
   principal of the Loan or any other amount        to provide such funds as shall be needed.
   when due under the Loan Agreement, the                               Article 5
   unpaid amount shall bear an overdue               The proceeds of the Loan shall be disbursed
   charge at the rate of two percent (2%) per       by the Bank to the Borrower, or to the
   annum above the interest rate specified in       Supplier on behalf of the Borrower in
   the Loan Agreement.                              accordance with the progress of the Project,
                 Article 3                          up to the amount of the Loan, and within the
(1) The eligible source countries for the           disbursement period specified in the Loan
 procurement of goods and services to be            Agreement     and     in   accordance       with
 financed out of the Loan shall be the              disbursement procedure under the Loan
 Republic of Korea for the foreign currency         Agreement.
 portion and Mongolia for the local currency                            Article 6
 portion. Procurement for the Project from           Other terms and conditions to be specified
 third countries may be allowed with the            in the Loan Agreement shall be determined

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