Conformed Copy - C2977 - Agricultural Research and Extension Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 2977 NEP Development Credit Agreement (Agricultural Research and Extension Project) between KINGDOM OF NEPAL and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated September 18, 1997 CREDIT NUMBER 2977 NEP DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated September 18, 1997, between the KINGDOM OF NEPAL (the Borrower) and the INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS the Borrower, having satisfied itself as to the feasibility and priority of the Project, described in Schedule 2 to this Agreement, has requested the Association to assist in the financing of the Project; and WHEREAS the Association has agreed, on the basis, inter alia, of the foregoing, to extend the Credit 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