Lapse of Consent definition

Lapse of Consent means any Government Authorisations:

Lapse of Consent means any Applicable Permit:

Lapse of Consent. Any Seller Consent (a) ceasing to remain in full force and effect and not being renewed or replaced within the time period prescribed by the applicable Laws of Pakistan for the renewal or replacement of such Seller Consent or, where a time period is not prescribed by the applicable Laws of Pakistan, within sixty (60) Days of such Seller Consent ceasing to be in full force and effect, or (b) (other than a Specified Consent set out in Part I of Schedule 1 of the Implementation Agreement) not being issued upon application having been properly and timely made and diligently pursued within the time period prescribed by the applicable Laws of Pakistan or where a time period is not prescribed by the applicable Laws of Pakistan, within sixty (60) Days of proper application being made for such Seller Consent or (c) being made subject, upon renewal, or otherwise, to any terms or conditions that materially and adversely affect the Seller’s or a Contractor’s ability to perform its obligations under any document included within the Project Agreements, in each of the above instances despite such party’s compliance with the applicable procedural and substantive requirements as applied in a “non-discriminatory” (as explained in Section 12.4 of the Implementation Agreement) manner.

Examples of Lapse of Consent in a sentence

• Subsequent to the issuance of such Company Consents, in the forms issued by the State Bank of Pakistan or other Relevant Authority, as the case may be, any withdrawal, revocation, modification, suspension or repeal of such Company Consents shall constitute a Lapse of Consent.

• In the event of any Lapse of Consent, the Company shall submit a report pursuant to this Section 4.3 within three (3) days after becoming aware thereof.

• Subject to the Company’s timely submission of reports required by Section 4.3, upon request of the Company, the GOP shall support and use all reasonable efforts to expedite consideration of the Company’s applications for the Company Consents or reissuances thereof filed pursuant to Section 4.2, and the timely issuance thereof or reissuance of a Company Consent subject to a Lapse of Consent by any Relevant Authority.

• Thereafter, the Company shall in the event of any Lapse of Consent, submit a report to the Government and the Utility within [three (3)] Days after becoming aware of the Lapse of Consent, which report shall set out the steps that the Company proposes to take to remedy the Lapse of Consent.

• If after the date of this Agreement there occurs a GOT Action or Inaction, Parastatal Action or Inaction, Lapse of Consent, Court Action or Change in Law that either adversely affects or enhances PanAfrican Tanzania’s economic benefits under this Agreement, the Parties shall promptly meet for the purpose of making all necessary adjustments to the relevant provisions of this Agreement so as to maintain the economic benefits to PanAfrican Tanzania specified under this Agreement.

More Definitions of Lapse of Consent

Lapse of Consent means any Permit (a) ceasing to remain in full force and effect, or (b) at any time prior to the [Target CP Satisfaction Date]/[Financial Closing]/[Commencement of Construction]/[Commercial Operations Date], not being issued or renewed upon application having been properly and timeously made and diligently pursued, or (c) from and after the [Target CP Satisfaction Date]/[Financial Closing]/[Commencement of Construction]/[Commercial Operations Date], not being issued or renewed within the period of time prescribed by applicable Laws of Tanzania as applied in a non-discriminatory manner and, in any event, within []Months after the date of proper and complete application thereof, or (d) being made subject, subsequent to its grant, upon renewal or otherwise, to any terms or conditions that materially and adversely affect the Seller's and/or the Contractors' ability to perform its or their obligations (including the making available by the Seller of Dependable Capacity and Net Energy Output as described in Clause 2) under any material document included in the Security Package; provided, however, that in no event shall any Lapse of Consent occur as a result of the GoT or any Government Authority exercising any power pursuant to the Laws of Tanzania to take any of the actions referred to in sub-sections

Lapse of Consent. Any Consent (a) ceasing to remain in full force and effect and not being renewed or replaced within the time period prescribed by the applicable Laws of Pakistan or (b) (other than a Specified Consent) not being issued upon application having been properly and timely made and diligently pursued or (c) being made subject, upon renewal or otherwise, to any terms or conditions that materially and adversely affect a Party’s ability to perform its obligations under any document included within the Project Agreements, in each of the above instances despite such Party’s compliance with the applicable procedural and substantive requirements as applied in a "non-discriminatory" (as explained in Section 12.4 of the Implementation Agreement) manner.

Lapse of Consent means any Permit:

Lapse of Consent means any Consent (i) ceasing to remain in full force and effect and not being renewed or replaced within the time period prescribed by the applicable Laws of [COUNTRY] or (ii) not being issued upon application having been properly and timely made and diligently pursued or (iii) being made subject, upon renewal or otherwise, to any terms or conditions that materially and adversely affect the Party’s ability to perform its obligations under this Agreement or the Power Purchase Agreement, in each of the above instances despite such Party’s compliance with the applicable procedural and substantive requirements as applied in a non-discriminatory manner.

Lapse of Consent means any Permit (a) ceasing to remain in full force and effect, or (b) at any time prior to the [Target CP Satisfaction Date]/[Financial Closing]/[Commencement of Construction]/[Commercial Operations Date], not being issued or renewed upon application having been properly and timeously made and diligently pursued, or (c) from and after the [Target CP Satisfaction Date]/[Financial Closing]/[Commencement of Construction]/[Commercial Operations Date], not being issued or renewed within the period of time prescribed by applicable Laws of Tanzania as applied in a non-discriminatory manner and, in any event, within []Months after the date of proper and complete application thereof, or (d) being made subject, subsequent to its grant, upon renewal or otherwise, to any terms or conditions that materially and adversely affect the Seller's and/or the Contractors' ability to perform its or their obligations (including the making available by the Seller of Net Energy Output as described in Clause 2) under any material document included in the Security Package; provided, however, that in no event shall any Lapse of Consent occur as a result of the GoT or any Government Authority exercising any power pursuant to the Laws of Tanzania to take any of the actions referred to in sub-sections (a) to (d) above as a result of the Seller or any other party to whom a Permit is granted failing to abide by any term or condition of any Permit or as a result of a failure on the part of the Seller or such other party to properly and timeously apply for and diligently pursue the issuance or renewal of any Permit.

Lapse of Consent. Any Consent (a) ceasing to remain in full force and effect and not being renewed or replaced within the time period prescribed by the applicable Laws of Pakistan or

Lapse of Consent means any Consent (i) ceasing to remain in full force and effect or