Common use of Export Obligations Clause in Contracts

Export Obligations. Until the Final Settlement Date, the Sponsor shall meet the export obligations (from its operations) as are required under the EPCG Scheme based upon the duty benefit made available to the Borrower by way of concessional duty payable for import of plant and machinery and equipments or any benefit of deemed export on domestic acquisition, if any, under the EPCG scheme for the Project. Further, upon any increase in cost of the Project Cost due to non-availability of such import duty/deemed export benefits under EPCG, the same shall be met by the Sponsors from their own resources to the satisfaction of the Lenders.