Line Approvals definition
Examples of Line Approvals in a sentence
To Seller’s knowledge, Seller shall be able to receive the Permits (including the Québec Line Approvals) in due course and as required under applicable Law to the extent that those Permits have not previously been received.
Seller shall maintain or cause to be maintained in full force and effect all Permits (including without limitation all Québec Line Approvals) necessary for it to perform its obligations under this Agreement, including all Permits necessary to operate and maintain the Hydro-Québec Power Resources and the Québec Line, but excluding any U.S. Transmission Approvals (which, for the avoidance of doubt, shall be the responsibility of U.S. Transmission Provider).
This Agreement has been duly executed and delivered on behalf of Seller and, assuming the due execution hereof and performance hereunder by Buyer and receipt of the Permits and any Québec Line Approvals, constitutes a legal, valid and binding obligation of Seller, enforceable against it in accordance with its terms, except as such enforceability may be limited by law or principles of equity.
The obligation of the Parties to perform this Agreement is further conditioned upon the receipt of U.S. Transmission Approvals and Québec Line Approvals, in each case, on or prior to the date such U.S. Transmission Approvals are required to be obtained in accordance with the TSA or Québec Line Approvals are required to be obtained in accordance with this Agreement.
The representations and warranties set forth in this Article 7 are made as of the Effective Date and deemed made continually throughout the Term, subject to the removal of the references to the Regulatory Approval, Permits and Québec Line Approvals, as and when the Regulatory Approval, Permits and Québec Line Approvals are obtained.
Subject to the receipt of the Permits and any Québec Line Approvals, Seller has all requisite power and authority to execute, deliver, and perform its obligations under this Agreement.
For the avoidance of doubt, Seller shall be responsible for procuring, at its expense, all Permits required for the operation of the Hydro-Québec Power Resources and all Québec Line Approvals in compliance with applicable requirements of Law.
Seller shall maintain or cause to be maintained in full force and effect all Permits (including without limitation all Québec Line Approvals) necessary for it to perform its obligations under this Agreement, including all Permits necessary to operate and maintain the FacilityHydro-Québec Power Resources and all Relatedthe Québec Line, but excluding any U.S. Transmission Approvals.
The Existing Line Approvals shall also include the preparation and submission to the holder of the Company's first mortgage indenture of an application for any required release from the lien thereof and the issuance of such release or releases upon terms and conditions deemed satisfactory to the Company and Developer in their respective reasonable discretion.
For the avoidance of doubt, Seller shall be responsible for procuring, at its expense, all Permits and governmental approvals required for the construction and operation of the FacilityHydro-Québec Power Resources and all Québec Line Approvals in compliance with applicable requirements of Law.