Use of Project Site. Pursuant to a final, non-appealable determination by a Governmental Authority having jurisdiction over the matter, the Borrower shall cease to have the right to (i) possess and use the Project Facility for the purpose of, and in a manner allowing its, owning, constructing, maintaining and operating the Project in the manner contemplated by the Transaction Documents, for a period of thirty (30) consecutive days, or (ii) sell or otherwise dispose of any of its interest in the Project Site or the Project other than as permitted by the Loan Documents.
Appears in 2 contracts
Samples: Common Agreement (Beacon Power Corp), Common Agreement (Beacon Power Corp)
Use of Project Site. Pursuant to a final, non-appealable determination by a Governmental Authority having jurisdiction over the matterAuthority, (i) the Borrower shall cease to have the right to (i) possess and use the Project Facility Site for the purpose of, and in a manner allowing its, of owning, constructing, maintaining and operating the Project in the manner contemplated by the Transaction Documents, for a period of thirty (30) consecutive ninety days, or (ii) the Borrower shall sell or otherwise dispose of any of its interest in the Project Site Facility or the Project other than as permitted by the Loan Documents.
Appears in 1 contract
Use of Project Site. Pursuant to a final, non-appealable determination by a Governmental Authority having jurisdiction over the matter, the The Borrower shall cease to have the right to (i) possess and use the Project Facility for the purpose of, and in a manner allowing its, of owning, constructing, maintaining and operating the Project in the manner contemplated by the Transaction Documents, for a period of thirty (30) consecutive days, Documents or (ii) sell or otherwise dispose of any of its leasehold or easement interest in the Project Site or its ownership of the Project other than as expressly permitted by Section 8.26 of the Loan DocumentsDeed of Trust.
Appears in 1 contract
Use of Project Site. Pursuant to a final, non-appealable determination by a Governmental Authority having jurisdiction over the matterAuthority, the Borrower shall cease to have the right to (i) possess and use the Project Facility Site and the Improvements for the purpose of, and in a manner allowing its, of owning, constructing, maintaining and operating the Project in the manner contemplated by the Transaction Documents, for a period of thirty (30) consecutive days, or (ii) sell or otherwise dispose of any of its interest in the Project Site or the Project other than as permitted by the Loan Documents.
Appears in 1 contract