Loan Agreement, L7312-TR (Conformed)

Page 1 CONFORMED COPY LOAN NUMBER 7312 TU Loan Agreement (Municipal Services Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and LLER BANKASI Dated February 8, 2006 Page 2 LOAN NUMBER 7312 TU LOAN AGREEMENT AGREEMENT, dated February 8, 2006, between the INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and the LLER BANKASI (the Borrower). WHEREAS (A) Republic of Turkey (the Guarantor) and the Borrower, having been satisfied as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, have requested the Bank to assist in the financing of the Project; (B) by an agreement (the Guarantee Agreement) of even date herewith between the Guarantor and the Bank, the Guarantor has agreed to guarantee the obligations of the Borrower in respect of the Loan and to undertake such other obligations as set forth in the Guarantee Agreement; and WHEREAS the Bank has agreed, on the basis, inter alia, of the foregoing, to extend the Loan to the Borrower upon the terms and conditions set forth in this Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.01. The