Conditions Precedent to Construction. GBRA shall initiate construction of the Initial Improvements upon satisfaction of the following conditions precedent: (i) Availability of sufficient Bond proceeds to fund Capital Costs; (ii) Approval of this Contract by TCEQ, if TCEQ approval is required by TCEQ regulation or other applicable law; (iii) Approval of this Contract by the eligible voters within the WCID in accordance with the requirements of Section 49.108 of the Texas Water Code; (iv) Receipt of all permits and approvals required to initiate construction of the Initial Improvements under applicable Regulatory Requirements; and (v) Execution of a Hydroelectric Sales Agreement.
Appears in 5 contracts
Samples: Contract for Financing and Operation, Contract for Financing and Operation, Contract for Financing and Operation
