Sufficiency of Project Assets Sample Clauses

Sufficiency of Project Assets. Except as set forth in Schedule 4.13, the Project Assets including those to be acquired after the Effective Date constitute all of the Real Property and intangible Project Assets necessary for Buyer to construct and operate the Project in accordance with Project Requirements.
Sample 1
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Sufficiency of Project Assets. The Project Assets (a) constitute all of the assets, tangible and intangible, necessary to fully operate the Project for its intended purpose without temporary equipment or personnel, other than normal labor, and (b) constitute all of the assets, tangible and intangible, of Seller and its Affiliates relating to the Project.
Sample 1
Sufficiency of Project Assets. 3.11.1 The Project Assets constitute all of the material Contracts, Permits, rights, assets and properties necessary to develop, site, permit, design, engineer, supply, construct, install, interconnect, test, commission, own, use, operate and maintain the Project on the Project Site in accordance with applicable Law, the Project Permits and Good Operating Practices, and other than the Project Assets, there are no other Contracts, Permits, rights, assets or properties that are held by Seller, any of its Affiliates or any other Person, relating to, associated with or concerning the Project or the Project Site, that are necessary for the development, siting, permitting, design, engineering, supply, construction, installation, interconnection, testing, commissioning, ownership, use, operation, or maintenance of the Project on the Project Site in accordance with applicable Law, the Project Permits and Good Operating Practices.
Sample 1
Sufficiency of Project Assets. The Project Assets constitute all of the material Contracts, Permits, Intellectual Property, rights, assets and properties necessary to develop, site, permit, design, engineer, supply, construct, install, interconnect, test, commission, own, use, operate and maintain the Project on the Project Site in accordance with applicable Law, the Project Permits and Good Operating Practices, and other than the Project Assets, there are no other Contracts, Permits, Intellectual Property, rights, assets or properties that are held by Seller, any of its Affiliates or any other Person, relating to, associated with or concerning the Project or the Project Site, that are necessary for the development, siting, permitting, design, engineering, supply, construction, installation, interconnection, testing, commissioning, ownership, use, operation, or maintenance of the Project on the Project Site in accordance with applicable Law, the Project Permits and Good Operating Practices. No Person other than Seller owns or has any interest in, or option or other right (contingent or otherwise), including a right of first refusal or a right of first offer, or has any Lien (other than Permitted Liens) on any of the Project Assets. There are no adverse claims of ownership to any of the Project Assets and neither Seller nor any of its Affiliates has received any notice that any Person has asserted a claim of ownership or right of possession or use in or to any of the Project Assets.
Sample 1
Sufficiency of Project Assets. Other than those that can be reasonably expected to be commercially available when and as required having regard to the state of construction of the Project, rights currently owned or leased by the Borrower, the Applicable Permits and other rights granted pursuant to the Material Project Documents:
Sample 1
Sufficiency of Project Assets 
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Related to Sufficiency of Project Assets

  • Sufficiency of Purchased Assets The Purchased Assets include all right, title and interest of Seller in and to all assets, properties and rights of Seller or necessary for or used in the operation of Seller's business, other than the Excluded Assets.

  • Condition and Sufficiency of Assets The buildings, plants, structures, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

  • Sufficiency of Funds Buyer has sufficient cash on hand or other sources of immediately available funds to enable it to make payment of the Purchase Price and consummate the transactions contemplated by this Agreement.

  • Sufficiency of Assets Except as set forth in Part 3.6, the Assets (a) constitute all of the assets, tangible and intangible, of any nature whatsoever, necessary to operate Seller's business in the manner presently operated by Seller and (b) include all of the operating assets of Seller.

  • Title to and Sufficiency of Assets Each Target Company has good and marketable title to, or a valid leasehold interest in or right to use, all of its assets, free and clear of all Liens other than (a) Permitted Liens, (b) the rights of lessors under leasehold interests, (c) Liens specifically identified on the balance sheet as of the Interim Balance Sheet Date included in the Company Financials and (d) Liens set forth on Schedule 4.17. The assets (including Intellectual Property rights and contractual rights) of the Target Companies constitute all of the material assets, rights and properties that are currently used in the operation of the businesses of the Target Companies as it is now conducted or that are used or held by the Target Companies for use in the operation of the businesses of the Target Companies, and taken together, are adequate and sufficient for the operation of the businesses of the Target Companies as currently conducted.

  • Sufficiency of Consideration Executive hereby acknowledges and agrees that Executive has received good and sufficient consideration for every promise, duty, release, obligation, agreement and right contained in this Release.

  • Title to Assets; Sufficiency of Assets (a) GFI and the Subsidiaries of GFI have good and valid title to, or valid leasehold interests in, and immediately following the consummation of the Transactions and after giving effect thereto, the CME Retained Subsidiaries will have good and valid title to, or valid leasehold interests in or valid right to use, all material assets, properties and rights of the Trayport Business and the FENICS Business, free and clear of Liens other than Permitted Liens.

  • Maintenance of Properties (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.

  • Condition of Properties All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

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