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CHINA EXIMBANK GCL, NO. (2001)9A(82A)
The Supplemental agreement
on the Government concessional loan agreement on the paper mill project (july 11, 2003)
This Supplemental Agreement is made on July 11, 2003, between
The Ministry of Finance of the Kyrgyz Republic (hereinafter referred to as the Borrower) with registered office at 58, Erkindidk boulevard, Bishkek, Kyrgyz Republic 720040 as one party, and
The Export-Import Bank of China (hereinafter referred to as the Lender) with registered office at Jinyun Tower B, No.43-A, Xizhimenbei Street, Beijing, P.R.China.
as the other party
The Lender and the Borrower have, through friendly negotiation, reached this Supplemental Agreement on the following amendments to the Government Concessional Loan Agreement on the Paper Mill Project signed on April 12, 2001 [CHINA EXIMBANK GCL NO.(2001)9(82)] (hereinafter referred to as the Loan Agreement):
1. Supplemental stipulations to Article 3.6 of the Loan Agreement:
1.1. The Lender agrees that the Borrower may delay the payment of the Commitment Fee accruing from the beginning date for the Commitment Fee to December 6, 2004, but the Borrower shall effect the payment of the Commitment Fee accruing from December 7, 2004 (including) to the ending date of the Availability Period (i.e. June 6, 2005) on the due dates according to Article 3.6 of the Loan Agreement.
1.2. The above-mentioned Commitment Fee to be delayed in payment shall be paid, with no compound interest charged on, by the Borrower by 21 equal installments along with the repayment cf principal in accordance with the time schedule set forth in Article 3 of this Supplemental Agreement during the period from the first principal repayment date (i.e. September 20, 2007) to the maturity date of the Loan (i.e. June 6, 2017).
2. Supplemental stipulations to Article 4.2 of the Loan Agreement:
2.1. The Lender agrees that the Borrower may delay the payment of the Interest accruing from the beginning date of calculation for the Interest to December 6, 2004, but the Borrower shall effect the payment of the Inteiest accruing from December 7, 2004 (including) to the date on which the principal amount shall be paid in full according to the Article 4.2 of the Loan Agreement.
