Loan Finance for Tiwai Trunk Main Sample Clauses

Loan Finance for Tiwai Trunk Main. The Council will use its best endeavours to raise the finance necessary to fully cover the Cost of the Tiwai Trunk Main by way of a loan raised in accordance with the approval of the Local Authorities Loans Board. The Company shall make such representations as may be appropriate with a view to ensuring that the raising of the said loan shall not be prejudicial to the raising of other Loan Finance by the Council to meet its normal commitments for other City works. The Council shall not be held respgnsible if the Loan Finance for the Tiwai Trunk Main is not forthcoming and thus causes any delay or detriment to the Company's works. The Council shall invest at call any part or parts of the said loans which are not required for the time being to pay the cost of Tiwai Trunk Main.
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