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8 territories of any country (except Switzerland) which is not a member of the Bank or for goods produced in (including services supplied from) such territories. As used in this Section, the term " local currency expenditures " means expenditures in the currency of the Borrower or for goods produced in (including services supplied from) the territories of the Borrower. (b) Withdrawals from the Loan Account pursuant to subsection 2.03 (a) (ii) above shall be in such freely convertible currency or currencies, other than the currency of the Borrower, as the Bank shall from time to time reasonably elect. Section 2.04. The Borrower shall pay to the Bank a commitment charge at the rate of three-eighths of one per cent (3/8 of 1%) per annum on the principal amount of the Loan not so withdrawn from time to time. Section 2.05. The Borrower shall pay interest at the rate of six per cent (6%) per annum on the principal amount of the Loan so withdrawn and outstanding from time to time. Section 2.06. Except as the Borrower and the Bank shall otherwise agree, the charge payable for special commitments entered into by the Bank at the request of the Borrower pursuant to Section 4.02 of the Loan Regulations shall be at the rate of one-half of one per cent (2 of 1%) per annum on the principal amount of any such special commitment outstanding from time to time. Section 2.07. Interest and other charges shall be payable semi-annually on January 15 and July 15 in each year. Section 2.08. The Borrower shall repay the principal of the Loan in accordance with the amortization schedule set forth in Schedule 1 to this Agreement. Section 2.09. (a) For the purpose of facilitating the sale of portions of the Loan, the Bonds, portions of the First Loan or bonds representing the First Loan, it is agreed that in connection with any such sale : (i) notwithstanding the provisions of Section 3.03 of Loan Regulations No. 4 of the Bank dated February 15, 19611 (applicable to the First Loan Agreement) and of Section 3.03 of the Loan Regulations, the Borrower and the Bank may from time to time agree that any portion of the Loan or the First Loan repayable in one currency may be made repayable in one or more other currencies and from the date specified in such agreement such portion of the Loan or the First Loan shall be repayable in such other currency or currencies; and

I United No. 8662

Nations, Treaty Series, Vol. 400, p. 212.