Artikel III

Section 3.01. Each of the Parties specified in this Section 3.01 hereby undertakes, subject to such parliamentary or congressional action as may be necessary (if any), to make a contribution to the Fund in the amount and on the terms and conditions specified below: (a) The Government of Australia shall contribute a grant of the equivalent in Australian dollars of five hundred thousand dollars ($ 500,000), which may be disbursed for any expenditures, whether in foreign currency or kip, on the Project.
(b) The Government of India shall contribute a grant of one million Indian rupees (Ind. Rs. 1,000,000), provided that, except as the Government of India shall otherwise agree, such contribution shall not exceed actual disbursements from the Fund for the foreign currency cost of goods required for the Project and procured in, or supplied from, the territories of India.
(c) The Government of the Kingdom of the Netherlands shall contribute a grant of one hundred and forty-four thousand five hundred and forty-five dollars ($ 144,545), which may be disbursed for any expenditures, whether in foreign currency or kip, on the Project.
(d) The Government of New Zealand shall contribute a grant of five hundred thousand New Zealand dollars (NZ$ 500,000), provided that, except as the Government of New Zealand shall otherwise agree, such contribution shall not exceed actual disbursements from the Fund for a reasonable part of total kip expenditures for the Project and for the foreign currency cost of goods required for the Project and procured in, or supplied from, the territories of New Zealand.
(e) The Government of the United Kingdom shall contribute a grant of thirty-two thousand pounds (£ 32,000) and a loan of fortyeight thousand pounds (£ 48,000), a total of eighty thousand pounds (£ 80,000). The loan shall be interest-free and shall mature over twenty-five (25) years, including a grace period of seven (7) years. Except as the Government of the United Kingdom shall otherwise agree, such contribution shall not exceed actual disbursements from the Fund for the foreign currency cost of goods required for the part of the Project described in paragraph (g) of the Schedule and procured in, or supplied from, the territories of the United Kingdom.
(f) The Government of the United States shall contribute a loan of five million dollars ($ 5,000,000), provided that, except as the Government of the United States shall otherwise agree, such contribution shall not exceed actual disbursements from the Fund for a reasonable part of total kip expenditures for the Project and for the foreign currency cost of goods required for the Project and procured in, or supplied from, the territories of the United States. Such loan shall bear interest at the rate of two per cent (2%) per annum during the grace period and at the rate of three per cent (3%) per annum thereafter and shall mature over forty (40) years, including a grace period of ten (10) years.
(a) The Government of Australia shall contribute a grant of the equivalent in Australian dollars of five hundred thousand dollars ($ 500,000), which may be disbursed for any expenditures, whether in foreign currency or kip, on the Project.
(b) The Government of India shall contribute a grant of one million Indian rupees (Ind. Rs. 1,000,000), provided that, except as the Government of India shall otherwise agree, such contribution shall not exceed actual disbursements from the Fund for the foreign currency cost of goods required for the Project and procured in, or supplied from, the territories of India.
(c) The Government of the Kingdom of the Netherlands shall contribute a grant of one hundred and forty-four thousand five hundred and forty-five dollars ($ 144,545), which may be disbursed for any expenditures, whether in foreign currency or kip, on the Project.
(d) The Government of New Zealand shall contribute a grant of five hundred thousand New Zealand dollars (NZ$ 500,000), provided that, except as the Government of New Zealand shall otherwise agree, such contribution shall not exceed actual disbursements from the Fund for a reasonable part of total kip expenditures for the Project and for the foreign currency cost of goods required for the Project and procured in, or supplied from, the territories of New Zealand.
(e) The Government of the United Kingdom shall contribute a grant of thirty-two thousand pounds (£ 32,000) and a loan of fortyeight thousand pounds (£ 48,000), a total of eighty thousand pounds (£ 80,000). The loan shall be interest-free and shall mature over twenty-five (25) years, including a grace period of seven (7) years. Except as the Government of the United Kingdom shall otherwise agree, such contribution shall not exceed actual disbursements from the Fund for the foreign currency cost of goods required for the part of the Project described in paragraph (g) of the Schedule and procured in, or supplied from, the territories of the United Kingdom.
(f) The Government of the United States shall contribute a loan of five million dollars ($ 5,000,000), provided that, except as the Government of the United States shall otherwise agree, such contribution shall not exceed actual disbursements from the Fund for a reasonable part of total kip expenditures for the Project and for the foreign currency cost of goods required for the Project and procured in, or supplied from, the territories of the United States. Such loan shall bear interest at the rate of two per cent (2%) per annum during the grace period and at the rate of three per cent (3%) per annum thereafter and shall mature over forty (40) years, including a grace period of ten (10) years.
Section 3.02. Each contribution to the Fund referred to in Section 3.01, whether in the form of grant or loan, shall be a grant or loan to Laos (but payable to the Fund) and shall be made directly by the Contributing Party, or any agency or instrumentality thereof, on terms and conditions, not inconsistent with this Agreement and the Project Agreement, to be agreed between Laos and the Contributing Party or its agency or instrumentality concerned.
Section 3.03. The Government of Japan hereby confirms that OECF has agreed to make a loan to Laos for the Project not exceeding three billion one hundred and eighty million yen (Y3,180,000,000) nor exceeding fifty per cent (50%) of the total Project cost. Such loan will be a contribution to the Fund; may be disbursed for any expenditures, whether in foreign currency or kip, on the Project; will bear interest at the rate of two per cent (2%) per annum and will mature over thirty (30) years, including a grace period of ten (10) years. Such loan will be on terms and conditions, not inconsistent with this Agreement and the Project Agreement, as agreed between Laos and OECF. The Administrator will coordinate with OECF in relation to the Project under arrangements to be agreed between them.
Section 3.04. The Government of the Federal Republic of Germany hereby undertakes that, on the basis of a bilateral agreement to be concluded with Laos, KFW shall make a loan to EDL not exceeding eleven million five hundred thousand Deutsche Mark (DM 11,500,000) to finance the parts of the Project described in paragraphs (e) and (f) of the Schedule, and the part of the consulting services referred to in paragraph (i) of the Schedule relating thereto. Such loan shall bear interest at the rate of three-fourths of one per cent (3/4 of 1%) per annum and shall mature over fifty (50) years, including a grace period of ten (10) years. Such loan shall be on terms and conditions, not inconsistent with this Agreement and the Project Agreement, to be agreed between KFW and EDL, and shall not comprise part of the Fund. The Administrator and KFW will coordinate their respective actions in relation to the Project under arrangements to be agreed between them.
Section 3.05. The Government of Canada hereby undertakes that, on the basis of a bilateral agreement to be concluded with Laos, the Government of Canada shall make a loan to Laos not exceeding two million five hundred thousand Canadian dollars (Can.$ 2,500,000) to finance goods required for the Project and procured in, or supplied from, the territories of Canada. Such loan shall be interest-free and shall mature over fifty (50) years, including a grace period of ten (10) years. Such loan shall be on terms and conditions, not inconsistent with this Agreement and the Project Agreement, to be agreed between the Government of Canada and Laos, and shall not comprise part of the Fund. Except as the Government of Canada may otherwise agree, such loan shall not be available to finance any commitment incurred after 31 December 1975. The Administrator and the Government of Canada will coordinate their respective actions in relation to the Project under arrangements to be agreed between them.
Section 3.06. (a) Upon the entry into force of this Agreement, the Administrator shall promptly notify each of the Contributing Parties of the amount required to be paid as part of its contribution to the Fund to cover estimated disbursements of the Fund prior to 30 June 1974. The Administrator shall, before the beginning of the semi-annual period commencing 1 July 1974 and before the beginning of each semi-annual period commencing 1 January or 1 July thereafter (at a time to be agreed between the Administrator and each of the Contributing Parties), notify each of the Contributing Parties of the amount required to be contributed by it to cover estimated disbursements during each such semi-annual period. Payment will be made of the amounts specified or provided for in such notifications at the time or times specified therein.
(b) The Administrator may include in its estimate of amounts required to be paid in any period pursuant to Section 3.06 (a) such sums as it shall consider necessary or desirable to establish and maintain a reasonable reserve against an excess of actual expenditures over the estimates of such expenditures.
(c) The Contributing Parties and Laos agree to accept the Administrator's decisions under Section 3.06 (a) and (b) as to the estimated requirements of the Fund, including reserve.
(a) Upon the entry into force of this Agreement, the Administrator shall promptly notify each of the Contributing Parties of the amount required to be paid as part of its contribution to the Fund to cover estimated disbursements of the Fund prior to 30 June 1974. The Administrator shall, before the beginning of the semi-annual period commencing 1 July 1974 and before the beginning of each semi-annual period commencing 1 January or 1 July thereafter (at a time to be agreed between the Administrator and each of the Contributing Parties), notify each of the Contributing Parties of the amount required to be contributed by it to cover estimated disbursements during each such semi-annual period. Payment will be made of the amounts specified or provided for in such notifications at the time or times specified therein.
(b) The Administrator may include in its estimate of amounts required to be paid in any period pursuant to Section 3.06 (a) such sums as it shall consider necessary or desirable to establish and maintain a reasonable reserve against an excess of actual expenditures over the estimates of such expenditures.
(c) The Contributing Parties and Laos agree to accept the Administrator's decisions under Section 3.06 (a) and (b) as to the estimated requirements of the Fund, including reserve.
Section 3.07. Notwithstanding the provisions of Section 3.06 (a): (a) the contribution of the Government of Australia shall be paid in six (6) equal semi-annual instalments commencing with the instalment payable in respect of the semi-annual period commencing 1 July 1974;
(b) the contribution of the Government of the Kingdom of the Netherlands shall be paid in one instalment at such time as the Government of the Kingdom of the Netherlands and the Administrator shall agree; and
(c) the contribution of the Government of New Zealand shall be paid in four (4) semi-annual instalments commencing with the instalment payable in respect of the semi-annual period commencing 1 July 1974.
(a) the contribution of the Government of Australia shall be paid in six (6) equal semi-annual instalments commencing with the instalment payable in respect of the semi-annual period commencing 1 July 1974;
(b) the contribution of the Government of the Kingdom of the Netherlands shall be paid in one instalment at such time as the Government of the Kingdom of the Netherlands and the Administrator shall agree; and
(c) the contribution of the Government of New Zealand shall be paid in four (4) semi-annual instalments commencing with the instalment payable in respect of the semi-annual period commencing 1 July 1974.
Section 3.08. Contributions will be paid in the respective currencies of the Contributors or in the equivalents thereof in such other currencies, freely usable or convertible, as may be agreed upon between the respective Contributing Parties and the Administrator.