Project Authorisations Sample Clauses
Project Authorisations. Any authorisation required by the Project Company in order to carry on its business:
21.12.1. is not obtained or effected by the time it is required;
21.12.2. is revoked or cancelled, or otherwise ceases to be in full force and effect;
21.12.3. is not renewed, or is renewed on revised terms, or is varied and, and, in the opinion of the Lender, that variation of terms has or would be likely to result in a Material Adverse Effect.
Project Authorisations. (1) the Authorisations necessary for the development and operation of the Project are in place, except for any which as a matter of law or Good Industry Practice cannot or should not reasonably be obtained until shortly before the events to which they relate occur where those events are not imminent, and it has no reason to believe that those Authorisations will not be obtained at the appropriate time in the future; and
(2) all fees due and payable in connection with the Authorisations referred to in clause 7.2(b)(1) have been paid;
Project Authorisations evidence that all Authorisations have been obtained in connection with the development, construction and operation of the Project, including all Environmental Approvals;
Project Authorisations. The Borrower shall, and (if applicable) each O&M Contractor, shall obtain, and maintain in full force and effect, each Project Authorisation necessary:
(a) to enable it to lawfully enter into, exercise its rights and comply with its respective obligations under the Transaction Documents to which it is a party; and
(b) required by it to carry out the Project in accordance with the Project Agreements, and shall at all times comply with the requirements such Project Authorisations, in each case to the extent that failure to do so has or may reasonably be expected to have a Material Adverse Effect or a material adverse effect on any Obligor’s ability to perform its obligations under the Project Agreements.
Project Authorisations evidence that all Authorisations necessary to conduct the activities contemplated by the Cashflow Model as at the date of this agreement have been obtained in connection with the development, construction and operation of the Project, including all Environmental Approvals and evidence that all Authorisations have been obtained in connection with the transactions contemplated by the Documents;
Project Authorisations. The Borrower and (if applicable) the Supervisor shall obtain, and maintain in full force and effect, each Project Authorisation necessary:
Project Authorisations. The Borrower and, prior to Final Project Completion, the Parent shall, and the Borrower shall procure that each other Major Project Party shall, as applicable, obtain and maintain in full force and effect, each Project Authorisation (including all Mining Rights) necessary:
Project Authorisations. All Project Authorisations have been obtained or effected and are in full force and effect and there are no circumstances which may result in any Project Authorisation being revoked, cancelled, not renewed or varied in whole or in part.