Common use of Use of Project Site Clause in Contracts

Use of Project Site. Pursuant to a final, non-appealable determination by a Governmental Authority, (i) the Borrower shall cease to have the right to possess and use the Project Site for the purpose of owning, constructing, maintaining and operating the Project in the manner contemplated by the Transaction Documents, for a period of ninety days, or (ii) the Borrower shall sell or otherwise dispose of any of its interest in the Project Facility or the Project other than as permitted by the Loan Documents.

Appears in 1 contract

Samples: Loan Guarantee Agreement (Us Geothermal Inc)

AutoNDA by SimpleDocs

Use of Project Site. Pursuant to a final, non-appealable determination by a Governmental Authority, (i) the The Borrower shall cease to have the right to (i) possess and use the Project Site for the purpose of owning, constructing, maintaining and operating the Project in the manner contemplated by the Transaction Documents, for a period of ninety days, Documents or (ii) the Borrower shall sell or otherwise dispose of any of its leasehold or easement interest in the Project Facility 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

Samples: Loan Guarantee Agreement (NRG Yieldco, Inc.)

Use of Project Site. Pursuant to a final, non-appealable determination by a Governmental Authority, (i) the Borrower shall cease to have the right to (i) possess and use the Project Site and the Improvements for the purpose of owning, constructing, maintaining and operating the Project in the manner contemplated by the Transaction Documents, for a period of ninety thirty (30) consecutive days, or (ii) the Borrower shall sell or otherwise dispose of any of its interest in the Project Facility Site or the Project other than as permitted by the Loan Documents.

Appears in 1 contract

Samples: Common Agreement (First Wind Holdings Inc.)

AutoNDA by SimpleDocs

Use of Project Site. Pursuant to a final, non-appealable determination by a Governmental AuthorityAuthority having jurisdiction over the matter, (i) the Borrower shall cease to have the right to (i) possess and use the Project Site Facility for the purpose of 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 ninety thirty (30) consecutive days, or (ii) the Borrower shall sell or otherwise dispose of any of its interest in the Project Facility Site or the Project other than as permitted by the Loan Documents.

Appears in 1 contract

Samples: Common Agreement (Beacon Power Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!