Costs of Request for Consent. If Project Co requests consent to a proposed course of action pursuant to Section 4.6 [Material Contracts], Project Co will pay, without duplication, the Authority’s reasonable internal administrative and personnel costs and all reasonable out-of-pocket costs in connection with considering any such request. At the time of such request, Project Co will make a payment to the Authority in the amount of $15,000 [Index Linked] against its obligations under this Section 4.7 [Costs of Request for Consent]. After the Authority renders its decision, the Authority will either refund any overpayment or invoice Project Co for any additional amounts owing under this Section 4.7 [Costs of Request for Consent] and Project Co will promptly pay such amount to the Authority.
Appears in 1 contract
Sources: Project Agreement
Costs of Request for Consent. If Project Co requests consent to a proposed course of action an assignment, transfer or disposition pursuant to Section 4.6 [Material Contracts]16.1 (Limitations on Assignment of Project by Project Co) or to a Change in Control pursuant to Section 16.2 (Limitations on Change in Control), Project Co will pay, without duplication, pay the Authority’s reasonable internal administrative and personnel costs and all reasonable out-of-pocket costs in connection with considering any such request. At the time of such request, Project Co will make a payment to the Authority in the amount of $15,000 [Index Linked] 35,000 against its obligations obligation under this Section 4.7 [Costs of Request for Consent]16.5. After the Authority renders its decision, the Authority will either refund any overpayment over payment or invoice Project Co for any additional amounts owing under this Section 4.7 [Costs of Request for Consent] 16.5 and Project Co will promptly pay such amount to the Authority.
Appears in 1 contract
Sources: Project Agreement