Operation of the Project. The operation of the Project in the manner contemplated on the Closing Date and as described herein does not conflict with any zoning, water or air pollution or other ordinance, order, law or regulation applicable thereto; the Borrower will cause the Project to be operated in accordance with all applicable federal, state and local laws or ordinances (including rules and regulations) relating to zoning, building, safety, and environmental quality and will obtain and maintain in effect any licenses, permits, franchises or other governmental authorizations necessary for the operation of the Project.
Operation of the Project. During the Project Operational Phase the Project Premises shall be operated in accordance with the provisions of this Agreement and:
Operation of the Project. (i) Seller shall operate and maintain the Project in accordance with Prudent Utility Practice and Applicable Law in order to maximize the Storage Contract Capacity and the Discharging Energy available from the Project. If the Storage Facility is curtailed due to Force Majeure, by the Transmission Provider or Reliability Entity, or for any reason other than Buyer’s actions or omissions, Buyer shall not be obligated to pay for any curtailed Discharging Energy and Seller will not be liable for any failure to deliver such Discharging Energy.
Operation of the Project. The Borrower will not, nor will it allow any lessee or other user of the Project to, make any material change in its use of the Project unless the Purchaser or the Trustee, as the case may be, and the Issuer receive an opinion of Bond Counsel to the effect that such change will not impair the exclusion of interest on the Bonds from the gross income of holders of the Bonds for federal income tax purposes. The Borrower will operate the Project, or cause any lessee or other user of the Project to operate the Project, as a "project" as contemplated by the Act, in conformity with the Tax Certificate and in such a manner that it will not impair the exclusion of interest on the Bonds from gross income of the holders of the Bonds for federal income tax purposes. Upon a sale or lease of all or any portion of the Borrower's interest in the Project (to the extent permitted hereunder), the Borrower will obtain, or cause there to be obtained, the agreement of the purchaser or lessee of the Project or any interest therein to comply with the provisions of this Section regardless of whether such purchaser or lessee assumes the obligations of the Borrower under this Agreement generally.
Operation of the Project. Phase(s)
Operation of the Project. So long as the Company operates the Project, it will operate the Project as an "industrial project" within the meaning of the Act as of the date hereof, and as "facilities for the local furnishing of electric energy or gas" as contemplated by Section 142(a)(8) of the Code, as such respective terms are defined as of the date of this Agreement.
Operation of the Project. The Project will, on and after the achievement of Substantial Completion (as such term is defined in the Agreement for Lease), be able (i) to be operated in compliance with all material Governmental Actions, the technical parameters and other continuing requirements of the Project Contracts and this Lease for a period of at least 25 years thereafter, and (ii) to be mechanically operated in compliance with all existing material Governmental Actions for a period of at least 30 years thereafter.
Operation of the Project. The Borrower shall take all action and adopt appropriate practices as are open to the Borrower diligently to operate, maintain and repair the Project in a good and workmanlike manner (including the storage of a prudent level of spare parts and the employment of administrative and operational personnel) in order to ensure that the Project is operated and maintained in all material respects in accordance with: