Deferred Permits definition

Deferred Permits means, as of any date, all Developer Permits that have not yet been obtained, (a) the procurement of which is not required to have occurred on or before such date by applicable Law or the requirements of any Project Document and (b) as to which Developer has a reasonable expectation that such Developer Permits will be obtained in the ordinary course of business.
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Examples of Deferred Permits in a sentence

  • Borrower acknowledges and agrees that all such Deferred Permits and Related Rights shall be in form and substance acceptable to the Lender.

  • Borrower covenants and agrees to obtain Deferred Permits and Related Rights on or before the earlier of: (a) the date (or, if applicable, the phase of construction) set forth in Schedule 6; and (b) the date necessary under Applicable Law, the Construction Documents or the Support Documents.

  • Lender shall have received and approved, in its sole discretion in consultation with Lender’s Engineer where applicable: (i) Exhibit E (Description of Financial Model); (ii) Exhibit F (Description of Schedule of Values); (iii) Schedule 1 (List of Construction Documents); (iv) Schedule 2 (Equipment Description); (v) Schedule 3 (List of Support Documents); and (vi) Schedule 6 (Deferred Permits and Related Rights).