Paragraphs in "Indus Basin Development Fund (Supplemental) Agreement" coded as SUBS

Displaying 1 - 24 of 24
Label Provision
Art.1 Article I
Art.1.1 Section 1.01. The arrangements set out in this Agreement are accepted by Pakistan and by the other Parties hereto as a full and complete discharge of all obligations, whether legal or moral, expressed or implied, of the said other Parties under the 1960 Agreement.
Art.1.2 Section 1.02. To the extent that the following provisions of this Agreement are inconsistent with the provisions of the 1960 Agreement the provisions hereof shall prevail and the 1960 Agreement shall henceforth be read and construed as having been modified and superseded by the provisions of this Agreement, but shall in all other respects remain in full force and effect.
Art.2 Article II
Art.2.1 Section 2.01. Each of the following Parties undertakes, subject to such parliamentary or congressional action as may be necessary, to make a supplemental contribution to the Fund of the nature and in the amount specified opposite its name below:
Art.2.1.ax [TAB]Grant [TAB]Contributions re-payable by Pakistan
Art.2.1.bx Australia [TAB][sterling]A [TAB]4,669,643 [TAB]
Art.2.1.cx Canada [TAB]Can$ [TAB]16,810,794 [TAB]
Art.2.1.dx Germany [TAB]DM [TAB]80,400,000 [TAB]
Art.2.1.ex New Zealand [TAB][sterling]NZ [TAB]503,434 [TAB]
Art.2.1.fx United Kingdom [TAB][sterling] [TAB]13,978,571 [TAB]
Art.2.1.gx United States [TAB]US$ [TAB]118,590,000 [TAB]US$ 51,220,000
Art.2.1.hx Bank [TAB]US$ 58,540,000
Art.2.2 Section 2.02. The supplemental contribution of New Zealand shall be payable in the amount of [sterling]NZ 41,953 in each half-year, commencing 1 October 1964.
Art.2.3 Section 2.03. The United States supplemental loan contribution will be in the form of the proceeds of a US dollar loan to Pakistan on terms to be agreed between Pakistan and the United States.
Art.2.4 Section 2.04. The supplemental Bank contribution will be in the form of the proceeds of a loan in various non-rupee currencies to Pakistan from the Bank or of a credit in various non-rupee currencies to Pakistan from the International Development Association (the Association), or of both, as may be determined between the Bank and the Association. To the extent that the supplemental Bank contribution is in the form of the proceeds of a credit from the Association, such credit shall, for the purpose of this Agreement and the 1960 Agreement, be deemed to be a Bank loan.
Art.2.5 Section 2.05. The supplemental contributions of Australia, Canada, Germany, the United Kingdom, the United States and the Bank shall be payable in the same proportions among them, and in the same proportions between grants and loans, and shall be governed by the same provisions of the 1960 Agreement, as their original contributions under the 1960 Agreement, except as may be otherwise provided in this Agreement.
Art.3 Article III
Art.3.1 Section 3.01. The Bank, as Administrator of the Fund (the Administrator) shall make no further purchases of Pakistan rupees (rupees) pursuant to Section 3.03(b)(ii) or Section 4.03 of the 1960 Agreement.
Art.3.2 Section 3.02. Pakistan undertakes to pay to the Fund in accordance with the provisions of Section 3.01 of the 1960 Agreement (whether by use, in agreement with the United States, of United States counterpart funds, or from Pakistan's own resources) all such amounts of rupees, determined by the Administrator in accordance with Section 3.05 of the 1960 Agreement, as will be required to meet, by disbursements from the Fund, the rupee portion of the costs referred to in Section 4.01(a) of this Agreement, to the extent that such costs are not covered by:
Art.3.2.i (i) the rupees payable, or treated as payable, pursuant to Section 3.03(a) of the 1960 Agreement and
Art.3.2.ii (ii) the rupees payable pursuant to Section 3.03(b)(i) of the 1960 Agreement on account of the United States rupee contribution under Section 2.03 of the 1960 Agreement, until that contribution has been fully called up for payment.
Art.7 Article VII
Art.7.1 Section 7.01. This Agreement may be cited as "The Indus Basin Development Fund (Supplemental) Agreement, 1964".