Common use of Support for Obligations Clause in Contracts

Support for Obligations. Upon reasonable request by the Seller, the AEDB shall use its reasonable efforts and its good offices to support the Seller’s performance of its obligations to design, finance, insure, acquire, construct, complete, Commission, own, operate and maintain the Complex. If the Seller has failed to comply with its obligations under this Agreement and such failure is the principal cause of the Seller’s difficulties in performing such activities, the AEDB may advise the Seller of such determination, and the GOP or the AEDB shall not be obligated to take any action to assist the Seller pursuant to this Article V (Support of the GOP) until such time as the Seller has fully complied with its obligations under this Agreement. By agreeing to use its reasonable efforts and its good offices to support the Seller’s efforts, the GOP has not relieved, and does not relieve in any way, the Seller of its obligations or potential liability under this Agreement, the Energy Purchase Agreement, and the other documents comprising the Project Agreements.

Appears in 3 contracts

Samples: Implementation Agreement, Implementation Agreement, www.ppib.gov.pk

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Support for Obligations. Upon reasonable request by the Seller, the AEDB shall use its reasonable efforts and its good offices to support the Seller’s performance of its obligations to design, finance, insure, acquire, construct, complete, Commission, own, operate operate, maintain and maintain transfer the Complex. If the Seller has failed to comply with its obligations under this Agreement and such failure is the principal cause of the Seller’s difficulties in performing such activities, the AEDB may advise the Seller of such determination, and the GOP or the AEDB shall not be obligated to take any action to assist the Seller pursuant to this Article V (Support of the GOP) until such time as the Seller has fully complied with its obligations under this Agreement. By agreeing to use its reasonable efforts and its good offices to support the Seller’s efforts, the GOP has not relieved, and does not relieve in any way, the Seller of its obligations or potential liability under this Agreement, the Energy Purchase Agreement, and the other documents comprising the Project Agreements.

Appears in 1 contract

Samples: Implementation Agreement

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