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INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
LOAN REGULATIONS No. 4, DATED 15 JUNE 1956
Regulations Applicable to Loans Made by the Bank to Borrowers other than Member Governments
[Not published herein. See United Nations, Treaty Series, Vol. 260, p. 376.]
LOAN AGREEMENT (NIPPON KOKAN STEEL PROJECT)
AGREEMENT, dated September 10, 1958, between International Bank for Reconstruction and Development (hereinafter called the Bank) and The Japan Development Bank (hereinafter called the Borrower).
Whereas (A) By a Loan Agreement (hereinafter called the First Loan Agreement) dated February 21, 1956,[1] made between the Bank and the Borrower, the Bank agreed to lend to the Borrower an amount in various currencies equivalent to eight million one hundred thousand dollars ($8,100,000), of which an amount in various currencies equivalent to two million six hundred thousand dollars ($2,600,000) was agreed to be relent by the Borrower to the Japan Steel and Tube Corporation, Limited (formerly known as the Nippon Steel Tube Co., Limited and hereinafter called Kokan) upon the terms of an agreement dated March 10, 1956[1] and made between the Borrower and Kokan; and by a Guarantee Agreement (hereinafter called the First Guarantee Agreement) dated February 21, 19561 made between the Guarantor and the Bank, the Guarantor agreed to guarantee the obligations of the Borrower in respect of such loan as therein provided;
(B) The Bank has been requested to grant a loan to the Borrower, the proceeds of which the Borrower intends to relend to Kokan for the purposes of the Project;
(C) The Guarantor has agreed to guarantee the obligations of the Borrower as provided in a Guarantee Agreement of even date made between the Guarantor and the Bank;[2]
(D) The Bank has, on the basis of the foregoing, agreed to make a loan to the Borrower upon the terms and conditions hereinafter set forth;
Now therefore the parties hereto hereby agree as follows:
Article I
Loan Regulations; Special Definition
Section 1.01. The parties to this Loan Agreement accept all the provisions of Loan Regulations No. 4 of the Bank dated June 15, 1956,[3] subject, however, to the modifications thereof set forth in Schedule 3[4] to this Agreement (said Loan Regulations No. 4 as so modified being hereinafter called the Loan Regulations), with the same force and effect as if they were fully set forth herein.
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