Necessary Project Approvals Clause Samples
The Necessary Project Approvals clause defines the requirement for obtaining all permits, licenses, and authorizations needed before a project can proceed. In practice, this means that the responsible party must secure approvals from relevant governmental agencies or regulatory bodies, such as zoning permits, environmental clearances, or building permits, prior to commencing work. This clause ensures that the project complies with all legal and regulatory requirements, thereby reducing the risk of delays, fines, or legal disputes arising from unauthorized activities.
Necessary Project Approvals. Each Obligor will, and will cause each of its Subsidiaries to, maintain in full force and effect and, in the name of the applicable Subsidiary, all Necessary Project Approvals, except where such failure would not reasonably be expected to have a Material Adverse Effect.
Necessary Project Approvals. Part A First Funding Project Approvals; Status
Necessary Project Approvals. Permit Issuing Governmental Authority Date Issued or Required
Necessary Project Approvals. The Independent Engineer shall have confirmed that all governmental and third party consents, approvals and permits which are required for the construction and operation of the Project (“Necessary Project Approvals”) have been obtained, other than consents, approvals and permits which the Independent Engineer has determined in good faith are readily obtainable in due course and conditioned only upon the filing of the appropriate application and the payment of nominal fees, and copies of all Necessary Project Approvals shall have been delivered to the Agent, including without limitation those items listed on Schedule 4.1.5.