Common use of Increased cost of Project Clause in Contracts

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 8 contracts

Samples: Finance Contract (Opgen Inc), Finance Contract, Amendment and Restatement Agreement (Opgen Inc)

AutoNDA by SimpleDocs

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2), the Borrower Parent on behalf of the Borrowers shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 4 contracts

Samples: Amendment Agreement (LivaNova PLC), Finance Contract (LivaNova PLC), Finance Contract (LivaNova PLC)

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2), the each Borrower shall obtain or shall procure that one of its direct or indirect wholly owned subsidiaries shall have access to the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 3 contracts

Samples: Finance Contract, Finance Contract (Xylem Inc.), Finance Contract (Xylem Inc.)

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 2 contracts

Samples: Finance Contract, Finance Contract

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (26), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Descriptioncompleted. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 2 contracts

Samples: Finance Contract, Finance Contract

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2)8), the Borrower shall ensure that an Intermediary and/or a Final Beneficiary shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Descriptioncompleted. The plans for funding the excess cost shall be communicated to the Bank without delay.. For the avoidance of doubt, no increase in the cost of the Project shall affect the limits set out in Article 6.02(b).‌

Appears in 1 contract

Samples: Finance Contract

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (23), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 1 contract

Samples: Finance Contract (Tim Participacoes Sa)

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2b), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 1 contract

Samples: Finance Contract

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2b), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 1 contract

Samples: Finance Contract

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2a), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 1 contract

Samples: Finance Contract

AutoNDA by SimpleDocs

Increased cost of Project. If the aggregate total cost of the Project exceeds the estimated figure set out in Recital (2), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 1 contract

Samples: Finance Contract

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project Sub-Projects to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 1 contract

Samples: Finance Contract

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2), the Borrower shall obtain or shall procure that one of its wholly owned subsidiaries shall have access to the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 1 contract

Samples: Research and Development Facility Agreement (Xylem Inc.)

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2)6) of the Finance Contract, the Borrower Promoter shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The Promoter shall communicate the plans for funding the excess cost shall be communicated to the Bank without delay.

Appears in 1 contract

Samples: Project Agreement

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (26), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans Any plan for funding the excess cost shall be communicated submitted in a timely manner to the Bank without delayBank’s approval, which may not be withheld if such plan is reasonably likely to enable completion of the Project in accordance with Article 6.02.

Appears in 1 contract

Samples: Finance Contract

Increased cost of Project. If the total cost of the Project exceeds the estimated figure set out in Recital (2), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank, so as to enable the Project to be completed in accordance with the Technical Description. The plans for funding the excess cost shall be communicated to the Bank without delay.. Recital (2), the Borrower Bank, so as to enable the The plans for funding the

Appears in 1 contract

Samples: Finance Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!