On the ratification of the Loan Agreement between the Government of the Republic of Kazakhstan and the International Bank for Reconstruction and Development

DECREE of the President of the Republic of Kazakhstan dated May 12, 1995 N 2265

On the ratification of the Loan Agreement between the Government of the Republic of Kazakhstan and the International Bank for Reconstruction and Development

DECREE of the President of the Republic of Kazakhstan dated May 12, 1995 N 2265

         In accordance with Article 2 of the Law of the Republic of Kazakhstan dated December 10, 1993 "On the temporary delegation of additional powers to the President of the Republic of Kazakhstan and heads of local administrations", I hereby decree:          

1. To ratify the Loan Agreement (Draft

technical assistance and the oil industry) between the Government of the Republic of Kazakhstan and the International Bank for Reconstruction and Development, signed on December 6, 1994 and providing for the allocation of a loan in the amount equivalent to 15.7 million US dollars. 2. This Decree comes into force from the date of publication.      

President of the Republic of Kazakhstan                                                        

Agreement                        

about granting a loan                

(Project of technical assistance in the oil industry)            

between the Republic of Kazakhstan and the International Bank of                                  

Reconstruction and Development <*>                          

(unofficial text)              

Agreement between the Republic of Kazakhstan (the Borrower) and the International Bank for Reconstruction and Development (the Bank).

         In view of the fact that (A) The Borrower, having verified the feasibility study and the priority of the Project described in Annex 2 to this Agreement, has applied to the Bank for assistance in financing  The project;          

(C) Part of Project B.1 is carried out by the Borrower with the assistance of the Companies involved in the Project (defined below; hereinafter referred to as the Companies), and in order to make such assistance possible, the Borrower undertakes to provide the Companies with a portion of the proceeds of the Loan, in accordance with the provisions of this Agreement; and In view of the fact that the Bank has agreed, among other things among other things, on the basis of the above, provide the Borrower with a Loan on the terms defined by this Agreement.;          Therefore, the parties to this Agreement have reached an agreement on the following:                                                            Article I                                          General Terms and Conditions; Definitions Section 1.01. The Bank's "General Provisions on Loan and Guarantee Agreements" dated January 1, 1985, including the amendments set out below (General Terms and Conditions), are an integral part of this Agreement:          (a) The last sentence of Section 3.02 is deleted.          (b) In Section 6.02, subparagraph (k) is given the letter (1) and a new subparagraph (k) is added as follows: "(k) The occurrence of an extraordinary situation in which any further withdrawals from the Loan amount do not comply with the provisions of Article III, Section 3 of the Bank's Articles of Association."          Section 1.02. Unless the context indicates otherwise, a number of concepts defined in the general terms and conditions have the corresponding meanings specified in them, and the following additional concepts have the following meanings:          (a) "Supplementary Agreement" means any of the agreements entered into between the Borrower and each of the Companies in accordance with Section 1.01(c) of this Agreement, which may be amended from time to time, and this concept includes all annexes and agreements drawn up in addition to the Supplementary Agreement;          (b) "Project Preparation Advance" means the project preparation advance provided by the Bank to the Borrower in accordance with correspondence between the Bank and the Borrower dated March 3, 1993 and July 12, 1993; (c) "MG" means Munaigas, the State Oil Holding Company; (d) "MNGP" means the Ministry of Petroleum and the Borrower's Gas industry; (f) "MF" means the Borrower's Ministry of Finance; (f) "PRU" means the Project Implementation Department referred to in Part F of the Project;          (g) "Supplementary Agreement with MG" means an Additional Agreement concluded between the borrower and MG in accordance with the provisions of Section 3.01 of this Agreement; (h) "KG" means Kazakhgas, the State-owned Gas Holding Company; (i) "CGF" means Kazakhgazification, the State-owned Gasification Holding Company; (j) "KNP" means Kazakhnefteprodukt, a state-owned holding company for the distribution of petroleum products;          (k) "Company" means any of the following: MG, KG, KGF or KNP, and "Companies" means MG, KG, KGF and KNP, referred to collectively; (l) "Expert Council" means the expert council referred to in Section 1.06 of this Agreement; (m) ""Training Center" means the training center referred to in Section 3.06 of this Agreement; and (n) "Special Account" means the special account referred to in Section 2.02 (b) of this Agreement.                                                            

President    

Republic of Kazakhstan     

 Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases