Common use of Duty to Obtain the Local Share Clause in Contracts

Duty to Obtain the Local Share. The Recipient agrees to: (1) Complete all proceedings necessary to provide the local share, except as FTA permits otherwise in writing, and (2) Notify FTA of any changed circumstances adversely affecting its ability to pay its local share, including a: (a) Description of the actions it has taken or will take to ensure adequate resources to provide the local share, and (b) Re-affirmation of its commitment to provide the local share,

Duty to Obtain the Local Share. The Recipient agrees toIt will: (1) Complete all proceedings necessary to provide the local shareshare and promptly pay its part of the Project costs, except as FTA permits otherwise in writing, and. (2) Notify FTA of any changed circumstances adversely affecting its ability to pay its local share, including aand include in that notification: (a) Description of the The actions it has taken or will take to ensure adequate resources to provide the local share, and (b) Re-affirmation A Reaffirmation of its commitment to provide the local share,.