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Article IV
Bonds
Section 4.01. The Borrower shall execute and deliver Bonds representing the principal amount of the Loan as provided in the Loan Regulations.
Section 4.02. The President of the Borrower and such person or persons as he shall appoint in writing are designated as authorized representatives of the Borrower fort he purposes of Section 6.12 (a) of the Loan Regulations.
Article V
Particular Covenants
Section 5.01. (a) The Borrower shall carry on its operations and conduct its affairs in accordance with sound business and financial practices.
(b) The Borrower shall exercise its rights under the Subsidiary Loan Agreement so as to cause the Project to be carried out with due diligence and efficiency and in conformity with sound engineering and financial practices, and the operations of Sumitomo to be carried on in accordance with sound business and financial practices.
(c) The Borrower shall cause to be furnished to the Bank, promptly upon their preparation, the plans, specifications and construction schedules for the Project and any material modifications subsequently made therein, in such detail as the Bank shall from time to time request.
(d) The Borrower shall maintain or cause to be maintained records adequate to show the application of the proceeds of the Loan, to identify the imported goods financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the total expenditures incurred thereon) and to reflect in accordance with consistently maintained sound accounting practices all transactions between the Borrower and Sumitomo and the operations and financial condition of the Borrower and of Sumitomo ; shall enable or take such steps as may be necessary to enable the Bank's representatives to inspect the Project, Sumitomo's properties, the imported goods, and any relevant records and documents ; and shall furnish, or cause to be furnished, to the Bank all such information as the Bank shall reasonably request concerning the expenditure of the proceeds of the Loan, the Project, the imported goods, all transactions between the Borrower and Sumitomo and the operations and financial condition of the Borrower and of Sumitomo.
Section 5.02. (a) The Bank and the Borrower shall cooperate fully to assure that the purposes of the Loan will be accomplished. To that end, each of them shall furnish to the other all such information as it shall reasonably request with regard to the general status of the Loan.
(b) The Bank and the Borrower shall from time to time exchange views through their representatives with regard to matters relating to the purposes of the Loan and the maintenance of the service thereof. The Borrower shall promptly inform the Bank of any condition which interferes with, or threatens to interfere with, the accomplishment of the purposes of the Loan or the maintenance of the service thereof.
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