Common use of Construction and Operation of Project Clause in Contracts

Construction and Operation of Project. The Borrower shall construct and operate the Project, or cause the Project to be constructed and operated, in each case in accordance with the Required Consents (including the COLs) and any Governmental Rules and other directions or instructions issued or provided by the NRC with respect to the Project unless, with respect to any noncompliance with any such Required Consents, Governmental Rules and other directions or instructions, the Borrower is diligently working to cure the noncompliance through appropriate regulatory procedures or to obtain a necessary amendment to such Required Consent.

Construction and Operation of Project. The Borrower shall construct and operate the Project, or cause the Project to be constructed and operated, in each case in accordance with the Required Consents (including the COLs) and any Governmental Rules and other directions or instructions issued or provided by the NRC with respect to the Project unless, with respect to any noncompliance with any such Required Consents, Governmental Rules and other directions or instructions, the Borrower Owners’ Agent or the Operator is diligently working to cure the noncompliance through appropriate regulatory procedures or to obtain a necessary amendment to such Required Consent.

Construction and Operation of Project. The Borrower shall construct and operate the Project, or cause the Project to be constructed and operated, in each case in accordance with the Required Consents (including the COLs) ), and any Governmental Rules and other directions or instructions issued or provided by the NRC with respect to the Project unless, with respect to any noncompliance with any such Required Consents, Governmental Rules and other directions or instructions, the Borrower Owners’ Agent or the Operator is diligently working to cure the noncompliance through appropriate regulatory procedures or to obtain a necessary amendment to such Required Consent.