Common use of Project Authorisations Clause in Contracts

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.