Shortfall Undertaking. 3.1 (a) If within 72 (seventy-two) Months of the earliest First Drawdown Date under the Facilities at any time or times: (i) the Agent should reasonably determine (or if the Borrower should so determine and the Agent acting on the written instructions of the Majority Lenders approves in writing such determination (the “Approval”)) that the Project Costs exceed the Project Revenues (the “Shortfall”) and (ii) at the time of such determination the Borrower is in breach of any of its payment obligations under the Facility Agreement, then, without prejudice to or limitation of its other obligations under this Agreement, the Sponsor hereby undertakes on an indemnity basis with and to the Agent, for itself and as agent for the Lenders, that it will, within 15 (fifteen) Banking Days of the Approval or of the demand to that effect from the Agent, contribute to the Borrower in cash new Sponsor Subordinated Loan funds equal to the Shortfall and will procure that the Borrower applies the same in supporting, financing or refinancing Project Costs and pending such application will pay the same into the Income Account.
Shortfall Undertaking. The Company shall utilise funds from other sources of cashflows for meeting its debt servicing obligation i.e., Monthly Payouts, in case of shortfall in Cashflows.
Shortfall Undertaking
