171
(b)
(c)
(d)
(e)
(f)
Preparatory Commission in the draft rules, regulations and
procedures of the Authority.
All States Parties shall make available to the Enterprise an
amount equivalent to one half of the funds referred to in
subparagraph (a) by way of long-term interest-free loans in
accordance with the scale of assessments for the United Nations
regular budget in force at the time when the assessments are
made, adjusted to take into account the States which are not
members of the United Nations. Debts incurred by the
Enterprise in raising the other half of the funds shall be
guaranteed by all States Parties in accordance with the same
scale.
If the sum of the financial contributions of States Parties is less
than the funds to be provided to the Enterprise under
subparagraph (a), the Assembly shall, at its first session,
consider the extent of the shortfall and adopt by consensus
measures for dealing with this shortfall, taking into account the
obligation of States Parties under subparagraphs (a) and (b) and
any recommendations of the Preparatory Commission.
(i) Each State Party shall, within 60 days after the entry into
force of this Convention, or within 30 days after the
deposit of its instrument of ratification or accession,
whichever is later, deposit with the Enterprise irrevocable,
non-negotiable, non-interest-bearing promissory notes in
the amount of the share of such State Party of interest-free
loans pursuant to subparagraph (b).
(ii) The Board shall prepare, at the earliest practicable date
after this Convention enters into force, and thereafter at
annual or other appropriate intervals, a schedule of the
magnitude and timing of its requirements for the funding
of its administrative expenses and for activities carried out
by the Enterprise in accordance with article 170 and
article 12 of this Annex.
(iii) The States Parties shall, thereupon, be notified by the
Enterprise, through the Authority, of their respective
shares of the funds in accordance with subparagraph (b),
required for such expenses. The Enterprise shall encash
such amounts of the promissory notes as may be required
to meet the expenditure referred to in the schedule with
respect to interest-free loans.
(iv) States Parties shall, upon receipt of the notification, make
available their respective shares of debt guarantees for the
Enterprise in accordance with subparagraph (b).
(i) If the Enterprise so requests, State Parties may provide
debt guarantees in addition to those provided in
accordance with the scale referred to in subparagraph (b).
(ii) In lieu of debt guarantees, a State Party may make a
voluntary contribution to the Enterprise in an amount
equivalent to that portion of the debts which it would
otherwise be liable to guarantee.
Repayment of the interest-bearing loans shall have priority over
the repayment of the interest-free loans. Repayment of
interest-free loans shall be in accordance with a schedule
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