【正文】 akes to pay to the Lender all additional interest and all costs and expenses, including legal fees, incurred and payable by the Lender as a result of a breach of any obligation under this Agreement by the Borrower. The Lender39。s Agent a copy of its payment instructions sent to the Borrower39。s Agent and the European Community, regardless of the amount, or under any other external indebtedness of the Borrower having an aggregate principal amount in excess of EUR 50 million a declaration of default as defined in any instrument governing or evidencing such indebtedness and as a result of such a declaration of default there is an acceleration of such indebtedness。s Agent:Bank of Latvia ielā 2A, LV1050 Rīgā Attention: Mr Raivo Vanags, Mr Janis CauneTel.: + 371 67022 300Fax: + 371 67022 420SWIFT address: BIC LACBLV2XAll notices shall be given by registered mail. In case of urgency, they can be given by fax, Swift or by handdelivered letter to the above addressees and confirmed by registered mail without undue delay. Notices bee effective with the actual receipt of the fax, the Swiftmessage or the letter. All documents, information and materials to be furnished under this Agreement shall be in the English language or in the language of the Borrower39。s Agent shall supply relevant information and documents which may be requested for the purpose of such assessments, controls or audits, and take all suitable measures to facilitate the work of persons instructed to carry them out. The Borrower and the Borrower39。 or d) it has been established that in relation with this Loan, the Borrower or the Borrower39。s Agent will instruct the Borrower and the Borrower39。 and (3) Encumbrances securing or providing for the payment of external indebtedness incurred exclusively in order to provide financing for a well defined investment project, provided that the properties to which any such encumbrances apply are properties which are the subject of such project financing, or which are revenues or claims which arise from the project。s obligation to transfer the Net Disbursement Amount of any subsequent Tranche to the Borrower shall be subject to: (1) the Borrower undertaking to inform the Lender immediately if any event occurs that would render incorrect any statement made in the legal opinion received by the Lender under paragraph 6(1) of this Article。s SWIFTBIC: LACBLV2X, TARGET2 account holder SWIFTBIC: LACBLV2X, Ref.: EC Balance of Payments Assistance to Latvia, or to such other euroaccount as the Borrower39。s Agent)。s balance of payments sustainability as determined in Articles 2 and 3 of the Decision。23 / 24LOAN AGREEMENT between THE EUROPEAN COMMUNITY as Lenderand THE REPUBLIC OF LATVIA as BorrowerTHE BANK OF LATVIAas Agent to the Borrower EUR 3 100 000 000 _____ January 2009This Loan Agreement (the Agreement) is made by and betweenthe European Community (hereinafter referred to as the EC or the Lender), represented by the Commission of the European Communities (hereinafter referred to as the Commission), andthe Republic of Latvia (hereinafter referred to as Latvia or the Borrower), represented by the Minister of Finance, Mr Atis Slakteris,andthe Bank of Latvia acting as Agent on behalf of the Borrower (hereinafter referred to as the Borrower39。(6) The economic policy conditions to be respected by Latvia are laid down in the Memorandum of Understanding signed on ___ January 2009 between the Commission and Latvia and the Bank of Latvia and in subsequent (Supplemental) Memoranda of Understanding, if any (hereinafter referred to collectively as Memorandum of Understanding)。(12) Appropriate measures related to the prevention of, and the fight against fraud, corruption and other irregularities affecting the assistance shall be provided for by the authorities of the Borrower。s Agent shall advise in writing to the Lender39。 (2) the Lender on the one hand and a bank or a syndicate of banks on the other hand having signed the Borrowing Contracts and the Lender39。 and (4) Any other encumbrances in existence on the date of the signing of this Agreement, provided that such encumbrances remain confined to the properties presently affected thereby and properties which bee affected by such encumbrances under contracts in effect on the date of the signing of this Agreement and provided further that such encumbrances secure or provide for the payment of only those obligations so secured or provided for on the date hereof or any refinancing of such obligations。s Agent by written notice at least six Working Days before the relevant due date. 4. The Lender39。s Agent has engaged in any act of fraud or corruption or any other illegal activity detrimental to the EC39。s Agent undertake to give to the persons referred to in paragraph 1 access to sites and premises where the relevant information and documents are kept.3. The Borrower and the Borrower39。s Agent:European Central BankKaiserstrasse 29D60311 Frankfurt am MainAttention: Mr H. Metselaar, Head of Back Office DivisionTel.: + 49 69 1344 7333Fax: + 49 69 1344 6171SWIFT BIC: ECBFDEFFBAC For the Borrower:Ministry of Finance of LatviaSmil?u ielā 1, LV1919 RīgāAttention: Mr Kaspars ābolin?, Treasurer of the Republic of LatviaTel.: + 371 67094222Fax: + 371 67094220SWIFT BIC: TRELLV22 With copy to the Borrower39。 or e) there is under any previous loan agreement between the Borrower, the Borrower39。s Agent referred to in paragraph 3 at 11:00 hours CET on the relevant due date at the latest.5. The Borrower shall send to the Lender39。s judgement circumstances permit an improvement in the interest rate of a Tranche, the Lender may restructure the financial conditions of the Lender39。 (3) no material adverse change having occurred such as would, in the opinion of the Lender, after consultat