Examples of Required Regulatory Approval in a sentence
If any application is made in connection with seeking any Required Regulatory Approval and is denied, or is granted in a form, or subject to conditions, that either Party rejects, in its sole discretion, as unacceptable, this Agreement shall terminate as of the date that a Party notifies the other Party of such denial or rejection, in which event the obligations of the Parties under this Agreement shall cease as of such date and this Agreement shall terminate.
If Company anticipates that the cost of obtaining any such permit, license, permission, consent or Required Regulatory Approval will represent a substantial portion of Project costs, Company shall provide written notice thereof to Customer, such notice to be provided promptly following Company’s determination that such costs will be incurred.
Other than the Required Regulatory Approval, no consent, waiver, authorization or approval of any Person and no notice or declaration to or filing or registration with any Governmental Authority is required in connection with the execution and delivery by the Purchaser of this Agreement or all other agreements and instruments to be executed by the Purchaser or the performance by the Purchaser of its obligations hereunder or thereunder.
The terms of the APA require the parties to use their reasonable best efforts to cause the Transaction to be consummated as promptly as practicable.As noted above, conditions to Closing the Transaction include obtaining the MDPU Required Regulatory Approval, the MDPU Approval and the MDPU Required Resolution (APA at Sections 9.1 and 10.1).
Subject to Required Regulatory Approval, including, without limitation, acceptance by FERC under Section 205 of the Federal Power Act, the Service Agreement shall become effective when executed by the Parties or the date allowed by the Commission.