Obligation to Obtain Governmental Approvals Clause Samples

Obligation to Obtain Governmental Approvals. The Phase Developer shall obtain all Governmental Approvals (other than MDOT-Provided Approvals) and MDOT acceptances required for the Predevelopment Work. The Phase Developer shall prepare a listing of all approvals needed and maintain and track the status of each. The Phase Developer shall document: (a) all Governmental Approvals and MDOT acceptances required to perform the Predevelopment Work and Section Work; (b) whether the Governmental Approvals or MDOT acceptances (other than MDOT-Provided Approvals) will be obtained by the Phase Developer or by the applicable Section Developer; (c) the process for obtaining Governmental Approvals (other than MDOT-Provided Approvals) and MDOT acceptances; (d) the anticipated schedule for obtaining Governmental Approvals (other than MDOT- Provided Approvals) and MDOT acceptances and identify those that are the critical path; (e) how MDOT will be provided updates on the status of Governmental Approvals; (f) how the Phase Developer intends to confirm and ensure the LOD determined during the Predevelopment Work is sufficient for the Section Work; and (g) how the Phase Developer intends to ensure continuous compliance with all Governmental Approvals and MDOT acceptances. The Phase Developer shall at a minimum focus the Conceptual Design effort on Governmental Entities with the highest potential for cost and schedule impact to the Work. The Phase Developer shall conduct a review of the Conceptual Design with the affected Governmental Entity and obtain written confirmation the Conceptual Design is acceptable to MDOT and the affected Governmental Entity. At a minimum, reviews must be conducted with ▇▇▇▇▇▇▇▇▇▇ County, ▇▇▇▇▇▇▇▇▇ County, the City of Rockville, the City of Gaithersburg, VDOT, Maryland- National Capital Park and Planning Commission, National Capital Planning Commission, and the National Park Service. The Phase Developer shall include in the Predevelopment Work Schedule and the Section Schedule all Governmental Approvals and MDOT acceptances. The Phase Developer shall provide sufficient time for review and approval, including the requirement for multiple submissions, if needed. The Predevelopment Work Schedule and the Section Schedule must also include adequate time for all D&C and O&M activities related to Governmental Approvals.
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Obligation to Obtain Governmental Approvals. (a) Notwithstanding anything to the contrary in this Agreement other than Section 19.4, but including the definition of "Best Efforts" and "Reasonable Best Efforts," nothing herein shall prevent or restrict either parent or any of its Group Companies from engaging in any Acquisition Transaction after the date hereof and prior to the Closing Date. (b) Any Acquisition Transaction engaged in by a parent or any of its Group Companies after the date hereof and prior to the Closing Date shall not affect the application of Section 20.2(a), 20.2(b) or 20.2(c) or the obligation of the parent, or the parent of the Group Company, undertaking the Acquisition Transaction otherwise to continue to use its Best Efforts to obtain the Key Governmental Approvals for the transactions contemplated by the Transaction Agreements at the earliest practicable date concurrently with pursuing such Acquisition Transaction.
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Related to Obligation to Obtain Governmental Approvals

  • Required Governmental Approvals All governmental authorizations, consents and approvals necessary for the valid consummation of the transactions contemplated hereby shall have been obtained and shall be in full force and effect. All applicable governmental pre-acquisition filing, information furnishing and waiting period requirements shall have been met or such compliance shall have been waived by the governmental authority having authority to grant such waivers.

  • Other Governmental Approvals Developer may apply for such other permits and approvals as may be required for development of the Project in accordance with this Agreement from other governmental or quasi-governmental agencies having jurisdiction over the Property. The City shall reasonably cooperate with Developer in its endeavors to obtain such permits and approvals.

  • Governmental Approvals Any Governmental Approval shall have been (a) revoked, rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term or (b) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of any of such Governmental Approval or that could result in the Governmental Authority taking any of the actions described in clause (a) above, and such decision or such revocation, rescission, suspension, modification or non-renewal (i) has, or could reasonably be expected to have, a Material Adverse Change, or (ii) adversely affects the legal qualifications of Borrower or any of its Subsidiaries to hold such Governmental Approval in any applicable jurisdiction and such revocation, rescission, suspension, modification or non-renewal could reasonably be expected to affect the status of or legal qualifications of Borrower or any of its Subsidiaries to hold any Governmental Approval in any other jurisdiction.

  • No Governmental Approvals Required Except as previously obtained or made, no authorization, consent, approval, order, license or permit from, or filing, registration or qualification with, any Governmental Agency is or will be required to authorize or permit under applicable Laws the execution and delivery by Borrower of the Loan Documents to which it is a Party and payment of the Obligations.

  • Governmental Approvals; No Conflicts The execution, delivery and performance by the Borrower of this Agreement, and by each Loan Party of the other Loan Documents to which it is a party (a) do not require any consent or approval of, registration or filing with, or any action by, any Governmental Authority, except those as have been obtained or made and are in full force and effect, (b) will not violate any Requirements of Law applicable to the Borrower or any of its Subsidiaries or any judgment, order or ruling of any Governmental Authority, (c) will not violate or result in a default under any indenture, material agreement or other material instrument binding on the Borrower or any of its Subsidiaries or any of its assets or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries and (d) will not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries, except Liens (if any) created under the Loan Documents.