Funding Commitment. (a) Subject to clause 5.1(b), the Study Funder agrees to provide interest free loans to Aurizon Network for: (i) if the Rail Study is a Feasibility Study, the Study Funder’s Share of Prefeasibility Costs; and (ii) Drawdown Amounts specified in Drawdown Notices given by Aurizon Network under clauses 5.2(a), 17.1(b)(ii) and 17.6(b)(iii) from time to time. (b) The maximum aggregate amount that the Study Funder is obliged to lend to Aurizon Network under this Agreement at any time is: (i) if the Rail Study is a Feasibility Study, the Study Funder’s Share of Prefeasibility Costs; plus (ii) the Study Funder’s Study Commitment at that time. (c) For the avoidance of doubt, if the Rail Study is a Feasibility Study, the Study Costs for the Rail Study do not include the Study Funder’s Share of Prefeasibility Costs.
Appears in 3 contracts
Sources: Studies Funding Agreement, Studies Funding Agreement, Studies Funding Agreement