Approved Reservoir Engineer's Report Clause Samples

Approved Reservoir Engineer's Report. The Loan Servicer shall have received (i) the Approved Reservoir Engineer's Report demonstrating that the geothermal resource to be used by the Project is proven and the Project is viable, based on a thirty day (or such shorter period that is approved by the Loan Servicer in consultation with the Approved Reservoir Engineer) resource test, and (ii) a certificate of the Approved Reservoir Engineer confirming that, (A) based on the drilling of additional ▇▇▇▇▇ after the date of the Approved Reservoir Engineer's Report, no further long term resource studies or tests are recommended by the Approved Reservoir Engineer (or if any additional tests or studies are recommended, they have been completed to the satisfaction of the Approved Resource Engineer and an updated Approved Reservoir Engineer's Report, reasonably satisfactory to the Loan Servicer, has been issued), and (B) all geothermal resource required for production of energy by the Project in a manner consistent with the Base Case Projections is under well head.