Common use of Project Authorisations Clause in Contracts

Project Authorisations. (1) the Authorisations necessary for the development and operation of the Project are in place, except for any which as a matter of law or Good Industry Practice cannot or should not reasonably be obtained until shortly before the events to which they relate occur where those events are not imminent, and it has no reason to believe that those Authorisations which are not presently held will not be obtained at the appropriate time in the future; and

Project Authorisations. (1) the Authorisations necessary for the development and operation of the Project are in place, except for any which as a matter of law or Good Industry Practice cannot or should not reasonably be obtained until shortly before the events to which they relate occur where those events are not imminent, and it has no reason to believe that those Authorisations which are not presently held will not be obtained at the appropriate time in the future; and