Common use of Government Authorizations Clause in Contracts

Government Authorizations. Any Governmental Authorization, approval or permit (whether central, provincial, municipal, local or otherwise) necessary for (a) the establishment of the Borrower (b) the ownership, construction, maintenance, financing or operation of the Project, (c) the setting or adjustment of the electricity price for the Project in accordance with the method of calculation set forth in the attachments to the Pricing Document or (d) the conversion or transfer of any foreign currency shall not be obtained if and when required, or shall be modified, revoked or cancelled, or a notice of violations is issued under any Governmental Authorization on grounds of, or illegality or the absence of any required authorization, by the issuing agency or other Governmental Instrumentality having jurisdiction or any proceeding is commenced by any Governmental Instrumentality for the purpose of modifying, revoking or cancelling any Governmental Authorization.