Common use of Counterpart Financing Clause in Contracts

Counterpart Financing. The Borrower shall ensure that (a) counterpart funds, necessary for the Project, are provided in time; (b) additional counterpart funding is provided to cover any funding shortfalls that may occur during Project implementation; and (c) HPG, through HPDOT and XNCD, make available all funds and resources necessary for construction, O&M, and management of the Project on a timely basis.

Counterpart Financing. The Borrower shall ensure that (a) counterpart funds, necessary for the Project, are provided in time; (b) additional counterpart funding is provided to cover any funding shortfalls that may occur during Project implementation; and (c) HPGYPG, through HPDOT YPDOT and XNCDYHIC, make available all funds and resources necessary for construction, O&M, and management of the Project on a timely basis.