Monitoring Total Project Expenditures Clause Samples

Monitoring Total Project Expenditures. (a) Pertamina hereby agrees that, during the Availability Period, it will monitor Borrowings, interest rate(s) applicable to the Notes and all other costs and expenditures relating to Train H on a quarterly basis and in accordance with its customary procurement procedures, in order to determine the extent to which the costs of specific portions of the Support Facilities can be financed through Borrowings under the Loan Agreement without causing the sum of (i) all reasonably anticipated costs of completing the Additional Plant and the Other Facilities that have not already been paid for from the proceeds of previous Advances, plus (ii) all reasonably anticipated costs of such specific portions of the Support Facilities that Pertamina proposes to finance through Borrowings under the Loan Agreement, plus (iii) all reasonably anticipated future Borrowed Amounts, to exceed the then remaining Commitments. If and to the extent that at any time the Drawdown Schedule does not provide for the financing of the costs of any specific portions of the Support Facilities and such costs can be so financed without causing such sum to exceed the then remaining Commitments, and if, after financing such costs the remaining Commitments will be sufficient to fund fully the amounts referred to in clauses (i), (ii) and (iii) above, then Pertamina may instruct the Borrower to revise the current Drawdown Schedule to provide for the financing of the costs of such specific portions of the Support Facilities through Borrowings under the Loan Agreement. If and to the extent that at any time the costs of any specific portions of the Support Facilities cannot be so financed as provided in the first sentence hereof, then Pertamina shall instruct the Borrower to revise the then current Drawdown Schedule to exclude such financing. (b) Pertamina shall submit, or cause to be submitted to the Agent, with reasonable promptness after the end of each semi-annual period ending on March 31 (other than March 31, 1997) or September 30 during the Availability Period, a summary statement of its then current estimate of the excess capacity of the Bontang