Title to Project. The Company has good title to, or has contractual rights to use or obtain pursuant to the Material Contracts, all of the property and assets (whether real or personal, tangible or intangible) necessary for the use, development, construction, ownership, maintenance and operation of the Project, other than those properties and assets that can reasonably be expected to be commercially available at or for delivery to the Project Site on commercially reasonable terms. The equipment and facilities held by the Company are in good operating condition and repair (subject to normal wear and tear), and are suitable for their intended use.
Appears in 2 contracts
Sources: Equity Funding Agreement, Equity Funding Agreement (Fulcrum Bioenergy Inc)