Financing Arrangement. (a) The Concessionaire shall at its cost; expenses and risk make such financing arrangement as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner. It is made clear that for the purpose of arranging finance for the project under the present Agreement, the Concessionaire shall have no right to create any charge / encumbrance on the Project Site and/or mortgage the same. (b) The Concessionaire shall achieve Financial Close on or before 90 days from the Appointed Date.
Appears in 3 contracts
Sources: Concession Agreement, Concession Agreement, Concession Agreement