Article
I
Assistance to be provided by the Special Fund
1
This Agreement embodies the conditions under which the Special Fund shall provide the Government of the Netherlands Antilles with assistance and also lays down the basic conditions under which projects will be executed.
2
A Plan of Operation for each project shall be agreed to in writing by the Government of the Netherlands Antilles, the Special Fund and the Executing Agency. The terms of this Agreement shall apply to each Plan of Operation.
3
The Special Fund undertakes to make available such sums as may be specified in each Plan of Operation for the execution of projects described therein, in accordance with the relevant and applicable resolutions and decisions of the appropriate United Nations organs, in particular resolution 1240 (XIII) of the General Assembly, and subject to the availability of funds.
4
Compliance by the Government of the Netherlands Antilles with any prior obligations specified in each Plan of Operation as necessary for the execution of a project shall be a condition of performance by the Special Fund and by the Executing Agency of their responsibilities under this Agreement. In case execution of a project is commenced before compliance by the Government of the Netherlands Antilles with any related prior obligations, such execution may be terminated or suspended at the discretion of the Special Fund.
5
It is understood that the Government of the Kingdom of the Netherlands has international responsibility for the obligations imposed on the Government of the Netherlands Antilles by this Agreement and by any arrangements entered into in pursuance of this Agreement to the same extent as if such obligations had been undertaken by the Government of the Kingdom of the Netherlands.