Common use of Failure to Obtain Approval Clause in Contracts

Failure to Obtain Approval. The undertaking of any Enhancement without Completion Guarantor’s prior written approval shall, in addition to being deemed to be a material breach by Producer hereof, be grounds for Completion Guarantor to, acting reasonably, invoke one, all, or any reasonable combination of Completion Guarantor’s rights, remedies, powers and defenses hereunder or as a secured party, at law or equity.

Failure to Obtain Approval. The undertaking of any Enhancement without Completion Guarantor’s prior written approval shall, in addition to being deemed to be a material breach by Producer hereof, be grounds for Completion Guarantor to, acting reasonably, to invoke one, all, or any reasonable combination of Completion Guarantor’s rights, remedies, powers and defenses hereunder or as a secured party, at law or equity.