Material Project Documents. An original or certified copy of each Material Project Document listed on Part B of Schedule 7.15 or otherwise required by the Lenders for the Project, in effect as of the First Project Funding Date, each duly executed and delivered by the intended parties thereto, as well as a certificate (or a bring-down certificate with respect to those Material Project Documents that have been previously delivered pursuant to Section 6.01(b)) of an Authorized Officer of the Borrower dated the date of such initial extension of credit and certifying that: (i) all conditions precedent to the obligations of each applicable Material Project Party under the Material Project Documents have been satisfied or permanently waived in writing, except for such conditions precedent that need not and cannot be satisfied until a later stage of Development; (ii) such Material Project Documents and any subsequent amendments remain in full force and effect and no default or event of force majeure exists thereunder; and (iii) no event or condition having a Material Adverse Effect has occurred and is continuing between the execution of such Material Project Documents and the date of such initial extension of credit.
Appears in 2 contracts
Samples: Credit Agreement (GreenHunter Energy, Inc.), Credit Agreement (GreenHunter Energy, Inc.)
Material Project Documents. An original or certified copy of each Material Project Document listed on Part B C of Schedule 7.15 or otherwise required by the Lenders for the Project, in effect as of the First Project Funding Conversion Date, each duly executed and delivered by the intended parties thereto, as well as a certificate (or a bring-down certificate with respect to those Material Project Documents that have been previously delivered pursuant to Section 6.01(b) and 6.02(c)) of an Authorized Officer of the Borrower dated the date of such initial extension of credit and certifying that:
(i) all conditions precedent to the obligations of each applicable Material Project Party under the Material Project Documents have been satisfied or permanently waived in writing, except for such conditions precedent that need not and cannot be satisfied until a later stage of Development;
(ii) such Material Project Documents and any subsequent amendments remain in full force and effect and no default or event of force majeure exists thereunder; and
(iii) no event or condition having a Material Adverse Effect has occurred and is continuing between the execution of such Material Project Documents and the date of such initial extension of credit.
Appears in 2 contracts
Samples: Credit Agreement (GreenHunter Energy, Inc.), Credit Agreement (GreenHunter Energy, Inc.)