FERC Order. The FERC Order: (i) has been obtained by the Borrower with respect to the LNG Facility and by the Guarantor with respect to the Gator Express Pipeline; (ii) is in full force and effect; (iii) is final and non-appealable; and (iv) is free from conditions and requirements: (A) the compliance with which could reasonably be expected to have a Material Adverse Effect; or (B) that the applicable Obligor does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Development except to the extent that failure to satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect;
Appears in 2 contracts
Samples: Common Terms Agreement (Venture Global, Inc.), Common Terms Agreement (Venture Global, Inc.)
FERC Order. The FERC Order:
(i) has been obtained by the Borrower with respect to the LNG Facility and by the Guarantor with respect to the Gator Express TransCameron Pipeline;
(ii) is in full force and effect;
(iii) is final and non-appealable; and
(iv) is free from conditions and requirements:
(A) the compliance with which could reasonably be expected to have a Material Adverse Effect; or
(B) that the applicable Obligor does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Development except to the extent that failure to satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect;
Appears in 2 contracts
Samples: Common Terms Agreement (Venture Global, Inc.), Common Terms Agreement (Venture Global, Inc.)
FERC Order. The FERC Order:
(i) has been obtained by the Borrower with respect to the LNG Facility and by the Guarantor with respect to the Gator Express Pipeline;
(ii) is in full force and effect;
(iii) is final and non-appealable; and
(iv) is free from conditions and requirements:
(A) the compliance with which could reasonably be expected to have a Material Adverse Effect; or
(B) that the applicable Obligor does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Project Phase 1 Development except to the extent that failure to satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect;
Appears in 2 contracts
Samples: Common Terms Agreement (Venture Global, Inc.), Common Terms Agreement (Venture Global, Inc.)