Conformed Copy - L4235 - Participatory Privatization of Irrigation Management and Investment Project - Loan Agreement

Page 1 CONFORMED COPY LOAN NUMBER 4235 TU Loan Agreement (Participatory Privatization of Irrigation Management and Investment Project) between REPUBLIC OF TURKEY and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated October 28, 1997 LOAN NUMBER 4235 TU LOAN AGREEMENT AGREEMENT, dated October 28, 1997, between REPUBLIC OF TURKEY (the Borrower) and the INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Bank to assist in the financing of the Project; 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