GOVERNMENTAL APPROVALS, LAND RIGHTS AND COMPLIANCE WITH LAWS Sample Clauses

GOVERNMENTAL APPROVALS, LAND RIGHTS AND COMPLIANCE WITH LAWS. [DRAFTING NOTE: TO THE EXTENT A DEVELOPER INTENDS TO SITE ITS PROJECT ON A COMPANY-OWNED SITE, APPROPRIATED REVISIONS SHALL BE MADE TO THIS AGREEMENT, INCLUDING THIS ARTICLE 11, TO REFERENCE THE APPLICABLE TERMS OF ATTACHMENT Z.]
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GOVERNMENTAL APPROVALS, LAND RIGHTS AND COMPLIANCE WITH LAWS 

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  • Governmental Approvals Any Governmental Approval shall have been (a) revoked, rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term or (b) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of any of such Governmental Approval or that could result in the Governmental Authority taking any of the actions described in clause (a) above, and such decision or such revocation, rescission, suspension, modification or non-renewal (i) has, or could reasonably be expected to have, a Material Adverse Change, or (ii) adversely affects the legal qualifications of Borrower or any of its Subsidiaries to hold such Governmental Approval in any applicable jurisdiction and such revocation, rescission, suspension, modification or non-renewal could reasonably be expected to affect the status of or legal qualifications of Borrower or any of its Subsidiaries to hold any Governmental Approval in any other jurisdiction.

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