Common use of Increased cost of the Project Clause in Contracts

Increased cost of the Project. If the cost of the Project exceeds the estimated figure set out in the fourth Recital to the Finance Contract, the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank or the Guarantor, so as to enable the Borrower to complete the Project in accordance with the Technical Description. The Borrower’s plans for funding the excess cost shall be submitted in a timely manner to the Guarantor.

Increased cost of the Project. If the total cost of the Project exceeds the estimated figure set out in the fourth Recital to the Finance Contract(4), the Borrower shall obtain the finance to fund the excess cost without recourse to the Bank or the GuarantorBank, so as to enable the Borrower Project to complete the Project be completed in accordance with the Technical Description. The Borrower’s plans for funding the excess cost shall be submitted in a timely manner communicated to the GuarantorBank without delay.

Increased cost of the Project. If the total cost of the Project exceeds the estimated figure set out in the fourth Recital to the Finance Contract3, the Guarantor shall, or shall procure that the Borrower shall will, obtain the finance to fund the excess cost without recourse to the Bank or the GuarantorBank, so as to enable the Borrower Project to complete the Project be completed in accordance with the Technical Description. The Borrower’s plans for funding the excess cost shall be submitted in a timely manner communicated to the GuarantorBank without delay.