Common use of Project Company Covenants Clause in Contracts

Project Company Covenants. The Project Company hereby covenants and agrees with GPA to: Develop, design, permit, engineer, finance, construct and complete the Facility in a good and workmanlike manner, only with materials and equipment that are new and of international utility-grade quality, and in all material respects in accordance with: the Functional Specifications set forth in Schedule 1; the plans and specifications prepared in accordance with this Agreement; the Technical Limits set forth in Schedule 2; the EPA requirements; all applicable Laws and the Government Authorizations; Prudent Utility Practices; and FERC and NERC requirements. Design, engineer, construct and complete the Facility in such a manner as to provide, with proper maintenance and operation, that the useful life of the Facility will be at least equal to 30 years; After the Phase 1 Commercial Operation Date, operate and maintain the Facility in all material respects, in accordance with: the operating procedures developed pursuant to Article 7.4 and the Dispatch Instructions; the Technical Limits set forth in Schedule 2; the Guam and U.S. EPA requirements; all applicable Laws and the Government Authorizations; and Prudent Utility Practices. Use all reasonable efforts to procure and maintain all Government Authorizations necessary for its performance under this Agreement; Engage only such advisors, representatives and experts as are experienced in the development, engineering, construction, financing, operation and maintenance of power stations similar to the Facility; Provide at its own risk and expense the necessary facilities and services for the safety, comfort and protection of its personnel; Work and cooperate in good faith with GPA with respect to all of GPA's obligations and rights hereunder.

Project Company Covenants. The Project Company hereby covenants and agrees with GPA to: : (a) Develop, design, permit, engineer, finance, construct and complete the Facility in a good and workmanlike manner, only with materials and equipment that are new and of international utility-grade quality, and in all material respects in accordance with: : i. the Functional Specifications set forth in Schedule 1; ; ii. the plans and specifications prepared in accordance with this Agreement; ; iii. the Technical Limits set forth in Schedule 2; ; iv. the EPA requirements; ; v. all applicable Laws and the Government Authorizations; ; vi. Prudent Utility Practices; and and vii. FERC and NERC requirements. . (b) Design, engineer, construct and complete the Facility in such a manner as to provide, with proper maintenance and operation, that the useful life of the Facility will be at least equal to 30 years; ; (c) After the Phase 1 Commercial Operation Date, operate and maintain the Facility in all material respects, in accordance with: : i. the operating procedures developed pursuant to Article 7.4 and the Dispatch Instructions; ; ii. the Technical Limits set forth in Schedule 2; ; iii. the Guam and U.S. EPA requirements; ; iv. all applicable Laws and the Government Authorizations; and and v. Prudent Utility Practices. . (d) Use all reasonable efforts to procure and maintain all Government Authorizations necessary for its performance under this Agreement; ; (e) Engage only such advisors, representatives and experts as are experienced in the development, engineering, construction, financing, operation and maintenance of power stations similar to the Facility; ; (f) Provide at its own risk and expense the necessary facilities and services for the safety, comfort and protection of its personnel; ; (g) Work and cooperate in good faith with GPA with respect to all of GPA's obligations and rights hereunder.