border at Hinterhüb, with 10.2 km section of the line from the power station to Bürs constructed for 220 kv and the 61.6 km section from Burs to the German border constructed for ultimate operation at 380 kv and equipped for initial operation at 220 kv;
(i) The expansion of the substation at Bürs by the installation of transformers with a capacity up to 300,000 kva.
SCHEDULE 3
Modifications of Loan Regulations No. 4
For the purposes of this Agreement the provisions of Loan Regulations No. 4 of the Bank, dated February 15, 1955, shall be deemed to be modified as follows:
(a) The first two sentences of Section 3.01 shall read as follows:
"The Borrower shall use reasonable efforts to purchase goods with the currencies of the countries from which such goods are acquired. The proceeds of the Loan shall, to the extent that the Bank shall so elect, be withdrawn from the Loan Account in the several currencies in which goods are paid for; except that with respect to goods paid for in the currency of the Guarantor or acquired from sources within the territories of the Guarantor such withdrawals may, to the extent that the Bank shall so elect, be made in any currency selected by the Bank."
(b) Section 3.04 shall read as follows:
"Currency in Which Commitment Charge is Payable. The commitment charge shall be payable forthy per cent (40%) in the currency in which the Loan is denominated and sixty per cent (60%) in the currency of the Federal Republic of Germany. Such currency of the Federal Republic of Germany shall be valued in terms of the currency in which the Loan is denominated as the Bank shall reasonably determine.
(c) The following paragraph shall be added to Section 3.05:
"If a withdrawal is applied for on account of expenditures in the currency of the Guarantor, the value of the currency of the Guarantor in terms of the currency or currencies to be withdrawn shall be as reasonably determined by the Bank."
(d) Section 5.02 (c) shall read as follows:
"A default shall have occurred in the performance of any other covenant or agreement on the part of the Borrower or the Guarantor under the Loan Agreement, the Guarantee Agreement, the Bonds, the Assignment or the Mortgage.
(e) Section 6.03 shall read as follows:
"Time of Delivery of Bonds. If and as the Bank shall from time to time request, the Borrower shall, within such period not less than sixty days after the date of the request as the Bank shall specify in the request, execute and deliver to or on the order of the Bank Bonds in the aggregate principal amount specified in such request, not exceeding, however, the aggregate principal amount of the Loan which shall have been withdrawn and shall be outstanding at the time of such request and for
which Bonds shall not theretofore have been so delivered or requested."
