Common use of Project Risks Clause in Contracts

Project Risks. ‌ 5.1 Subject to the terms of and save as otherwise provided in, in each case, this Agreement: (a) the Concessionaire shall be solely responsible to bear all the risks originating directly or indirectly from the Project; provided, that FBR shall use its best endeavors to facilitate the Concessionaire to mitigate the effects of the aforesaid risks; and (b) FBR shall bear the risks of the Compensation Events; provided, that the Concessionaire shall use its best endeavors to facilitate FBR to mitigate the effects of the aforesaid risks. 5.2 Notwithstanding contained to the contrary in the Agreement: (a) the Concessionaire, inter alia shall exclusively bear the risks of demand risk, foreign exchange and cost & time overruns, all commercial risks, design, construction, performance and insurance risks; and (b) FBR shall share the risk of Change in Law, Force Majeure and political risk. 6 PARTIES REPRESENTATIONS WARRANTIES, OBLIGATIONS AND COVENANTS‌

Project Risks. ‌ 5.1 Subject to the terms of and save as otherwise provided in, in each case, this Agreement: (a) the Concessionaire shall be solely responsible to bear all the risks originating directly or indirectly from the Project; provided, that FBR shall use its best endeavors to facilitate the Concessionaire to mitigate the effects of the aforesaid risks; and (b) FBR shall bear the risks of the Compensation Events; provided, that the Concessionaire shall use its best endeavors to facilitate FBR to mitigate the effects of the aforesaid risks. 5.2 Notwithstanding contained to the contrary in the Agreement: (a) the Concessionaire, inter alia shall exclusively bear the risks of demand risk, foreign exchange and cost & time overruns, all commercial risks, design, construction, performance and insurance risks; and (b) FBR shall share the risk of Change in Law, Force Majeure and political risk. 6 PARTIES REPRESENTATIONS WARRANTIES, OBLIGATIONS AND COVENANTS‌.