제15757호                              관              보                 2004. 7. 30. (금요일)

  not exceed the equivalent of twenty four             procurement of goods and services required
  million US dollars(US $24,000,000) and shall         for the Project shall be the Republic of Korea
  be fixed in Korean Won in accordance with            and the Hashemite Kingdom of Jordan.
  the relevant provisions of a loan agreement      2. The suppliers of goods and services
  to be concluded between the Borrower and             necessary for the implementation of the
  the Bank (hereinafter referred to as“the Loan        Project shall be selected through limited
  Agreement”).                                         competitive bidding among Korean suppliers.
                    Article 2                      3. Details of the methods and procedures of
The terms and conditions of the Loan, as well          procurement shall be governed by the Loan
as the procedures for its utilization, shall be        Agreement.
governed by the Loan Agreement, which shall                             Article 4
contain, inter alia, the following principles:     In the event the funds available from the
1. The repayment period shall be thirty (30)       proceeds of the Loan are insufficient for the
  years including a grace period of ten (10)       full implementation of the Project, the
  years ;                                          Government of the Hashemite Kingdom of
2. The interest rate shall be two point zero       Jordan shall promptly make arrangements to
  percent (2.0%) per annum ;
                                                   provide such funds as are needed.
3. A service charge of one-tenth of one percent
                                                                        Article 5
  (0.1%) of the amount of each disbursement in
                                                   The proceeds of the Loan shall be disbursed by
  case of a direct payment procedure, or of the
                                                   the Bank to the Borrower or, to the supplier on
  amount specified in the letter of commitment
                                                   behalf of the Borrower in accordance with the
  in case of a commitment procedure, shall be
                                                   progress of the Project, up to the amount of the
  collected by the Bank. All banking charges
                                                   Loan, and within the disbursement period
  and/or costs for services rendered by banks
                                                   specified in the Loan Agreement and in
  in connection with disbursements of the
                                                   accordance with the disbursement procedure
  proceeds of the Loan, repayment of principal
                                                   under the Loan Agreement.
  or payment of interest payable to the Bank
                                                                        Article 6
  under the Loan Agreement shall be subject to
                                                   Other terms and conditions to be specified in
  a banking arrangement to be concluded
                                                   the Loan Agreement shall be determined
  between the Concerned banks of the two
  countries ; and                                  through negotiations between the Borrower and

4. In the event the Borrower fails to make         the Bank.

  payment of all or any portion of the principal                        Article 7

  of the Loan or any other amount when due         This Arrangement shall enter into force on the

  under the Loan Agreement, the unpaid             date of signature and shall remain effective,
  amount shall bear an overdue charge at the       unless     otherwise    agreed    upon   by   the
  rate of two percent (2%) per annum above the     Contracting Parties, until the Borrower
  interest rate.                                   performs all the obligations under the Loan
                    Article 3                      Agreement.
1. The eligible source country for the             IN WITNESS WHEREOF, the undersigned,

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