Common use of Mortgage Restrictions Clause in Contracts

Mortgage Restrictions. (a) The Project Company may, obtain approval of the Government, mortgage, charge or otherwise encumber (collectively, “Mortgage”) its interest under this Agreement and substantially all of such Concession Area, Project Facility, On-Site Infrastructure, and other Immovable Assets or Movable Assets necessary for the Project (collectively, “Pledged Assets”), to finance a portion of the cost of constructing, operating and maintaining the Project.

Mortgage Restrictions. (a) The Project Company may, obtain approval of the Government, mortgage, charge or otherwise encumber (collectively, “Mortgage”) its interest under this Agreement and substantially all of such Concession Project Area, Project Facility, On-Site Infrastructure, and other Immovable Assets or Movable Assets property (including intellectual property, equipment) necessary for the Project Operations (collectively, “Pledged Assets”), to finance a portion of the cost of constructing, constructing and operating and maintaining the Project.