Common use of Concessionaire Responsibility for Project Financing; No Department Liability for Concessionaire Debt Clause in Contracts

Concessionaire Responsibility for Project Financing; No Department Liability for Concessionaire Debt. (a) The Concessionaire is solely responsible for obtaining and repaying all financing, at its own cost and risk and without recourse to any State Party, necessary to develop, design, construct, maintain and operate the Project and any Concessionaire Project Enhancement.

Concessionaire Responsibility for Project Financing; No Department Liability for Concessionaire Debt. (a) The Concessionaire is solely responsible for obtaining and repaying all financing, at its own cost and risk and without recourse to any State Party, necessary to develop, design, construct, maintain maintain, and operate the Project and any Concessionaire Project Enhancement.