Conformed Copy - L3142 - Industry and Trade Policy Adjustment Loan - Amendment

Page 1 January 31, 1991 H.E. Khalid A. Abdullah Minister of Planning Ministry of Planning P.O. Box 1220 Amman Hashemite Kingdom of Jordan Re:Loan No. 3142 JO (Industry and Trade Policy Adjustment Loan) Amendment to the Loan Agreement Excellency: Please refer to the Loan Agreement, dated January 5, 1990, between the Hashemite Kingdom of Jordan and the International Bank for Reconstruction and Development. Pursuant to your letter, dated December 31, 1990, we hereby agree to amend the Loan Agreement as follows: 1. A new paragraph (j) is inserted in Section 1.02 to read as follows: "(j) 'EXIMBANK Loan Agreement' means the Loan Agreement concluded between the Borrower and the Export-Import Bank of Japan on December 31, 1990, and 'EXIMBANK Loan' means the Loan provided under the EXIMBANK Loan Agreement". 2. Article IV is amended to read as follows: "ARTICLE IV Remedies of the Bank Section 4.01. Pursuant to Section 6.02 (k) of the General Conditions, the following additional events are specified: (a) A situation has arisen which shall make it improbable that the Program, or a significant part thereof, will be carried out; and (b) (i) Subject to subparagraph (ii) of this paragraph: (A) the right of the Borrower to withdraw the proceeds of the EXIMBANK Loan shall have been suspended, cancelled or terminated in whole or in part, pursuant to the terms of the EXIMBANK Loan Agreement, or (B) the EXIMBANK Loan shall have become due and payable prior to the agreed maturity thereof. (ii) subparagraph (i) of this paragraph shall not apply if the Borrower establishes to the satisfaction of the Bank that such suspension, cancellation, termination or prematuring is not caused by the failure of the Borrower to perform any of its obligations under the EXIMBANK Loan Agreement. Section 4.02. Pursuant to Section 7.01 (b) of the General Conditions, the following additional event is specified, namely, that the event specified in paragraph (b)(i)(B) of Section 4.01 shall occur, subject to the proviso of paragraph (b)(ii) of that Section. Please confirm your agreement to the amendment by signing and dating the form of confirmation on the enclosed copy of this letter and returning the same to us. Page 2 Very truly yours, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Ram Kumar Chopra Director Country Department III Europe, Middle East and North Africa Region CONFIRMED: HASHEMITE KINGDOM OF JORDAN By/s/ K. Abdullah Authorized Representative Date: February 10, 1991