BWBV0004446
Geldig vanaf 05-07-2002
Artikel 18
Overeenkomst tot oprichting van de Afrikaanse Ontwikkelingsbank, gedaan te Khartoem op 4 augustus 1963, zoals gewijzigd bij Resolutie 05-79 aangenomen door de Raad van Bestuur op 17 mei 1979
1. In the case of direct loans made by the Bank, the contract:
a. Shall establish, in conformity with the operational principles set forth in paragraph 1. of article 17 of this Agreement and subject to the other provisions of this chapter, all the terms and conditions for the loan concerned, including those relating to amortization, interest and other charges, and to maturities and dates of payment; and, in particular,
b. Shall provide that - subject to paragraph 3.c. of this article-payments to the Bank of amortization, interest, commission and other charges shall be made in the currency loaned, unless - in the case of a direct loan made as part of special operations - the rules and regulations provide otherwise.
2. In the case of loans guaranteed by the Bank, the contract of guarantee:
a. Shall establish, in conformity with the operational principles set forth in paragraph 1. of article 17 of this Agreement and subject to the other provisions of this chapter, all the terms and conditions of the guarantee concerned including those relating to the fees, commission, and other charges of the Bank; and, in particular,
b. Shall provide that - subject to paragraph 3.c of this article - all payments to the Bank under the guarantee contract shall be made in the currency loaned, unless - in the case of a loan guaranteed as part of special operations - the rules and regulations provide otherwise; and
c. Shall also provide that the Bank may terminate its liability with respect to interest if, upon default by the borrower and the guarantor, if any, the Bank offers to purchase, at par and interest accrued to a date designated in the offer, the bonds or other obligations guaranteed.
3. In the case of direct loans made or loans guaranteed by the Bank, the Bank:
a. In determining the terms and conditions for the operation, shall take due account of the terms and conditions on which the corresponding funds were obtained by the Bank;
b. Where the recipient is not a member, may, when it deems it advisable, require that the member in whose territory the project concerned is to be carried out, or a public agency or institution of that member acceptable to the Bank, guarantee the repayment of the principal and the payment of interest and other charges on the loan;
c. Shall expressly state the currency in which all payments to the Bank under the contract concerned shall be made. At the option of the borrower, however, such payments may always be made in convertible currency or, subject to the agreement of the Bank, in any other currency; and
d. May attach such other terms or conditions, as it deems appropriate, taking into account both the interest of the member directly concerned in the project and the interests of the members as a whole.
a. Shall establish, in conformity with the operational principles set forth in paragraph 1. of article 17 of this Agreement and subject to the other provisions of this chapter, all the terms and conditions for the loan concerned, including those relating to amortization, interest and other charges, and to maturities and dates of payment; and, in particular,
b. Shall provide that - subject to paragraph 3.c. of this article-payments to the Bank of amortization, interest, commission and other charges shall be made in the currency loaned, unless - in the case of a direct loan made as part of special operations - the rules and regulations provide otherwise.
2. In the case of loans guaranteed by the Bank, the contract of guarantee:
a. Shall establish, in conformity with the operational principles set forth in paragraph 1. of article 17 of this Agreement and subject to the other provisions of this chapter, all the terms and conditions of the guarantee concerned including those relating to the fees, commission, and other charges of the Bank; and, in particular,
b. Shall provide that - subject to paragraph 3.c of this article - all payments to the Bank under the guarantee contract shall be made in the currency loaned, unless - in the case of a loan guaranteed as part of special operations - the rules and regulations provide otherwise; and
c. Shall also provide that the Bank may terminate its liability with respect to interest if, upon default by the borrower and the guarantor, if any, the Bank offers to purchase, at par and interest accrued to a date designated in the offer, the bonds or other obligations guaranteed.
3. In the case of direct loans made or loans guaranteed by the Bank, the Bank:
a. In determining the terms and conditions for the operation, shall take due account of the terms and conditions on which the corresponding funds were obtained by the Bank;
b. Where the recipient is not a member, may, when it deems it advisable, require that the member in whose territory the project concerned is to be carried out, or a public agency or institution of that member acceptable to the Bank, guarantee the repayment of the principal and the payment of interest and other charges on the loan;
c. Shall expressly state the currency in which all payments to the Bank under the contract concerned shall be made. At the option of the borrower, however, such payments may always be made in convertible currency or, subject to the agreement of the Bank, in any other currency; and
d. May attach such other terms or conditions, as it deems appropriate, taking into account both the interest of the member directly concerned in the project and the interests of the members as a whole.
- Citeren als
- Art. 18
- Geldig vanaf
- Status
- Geldend recht
- Identificatie
- BWBV0004446
- Officiële bron
- wetten.overheid.nl