Common use of Material Project Agreements Clause in Contracts

Material Project Agreements. Each Obligor is in compliance with each Material Project Agreement to which it is a party and in existence on the date this representation is made or deemed to be made, except for any non-compliance with respect to which the counterparty or counterparties to such Material Project Agreements do not have a right to terminate such Material Project Agreements or a right for such counterparty or counterparties to cease performing its material obligations thereunder. All consents and approvals required under any Material Project Agreements in connection with the Loan Documents, the other Material Project Agreements and the development, construction, ownership and operation of the Project have been obtained (other than those that are not then required for the current state of the Project), save and except such consents which are reasonably expected to be obtained in the normal course or which the failure to so obtain and have the same would not be reasonably be expected to have a Material Adverse Effect or materially delay Project Completion.