Common use of Transaction Authorisations Clause in Contracts

Transaction Authorisations. The Borrower shall ensure the EPC Contractor will obtain and do all that is necessary to maintain in full force and effect all Transaction Authorisations (including Environmental Permits) and make all filings, notifications and notarisations which, at any time, it is required to make: 21.2.1 for the design, procurement, construction, repair and/or development of the Project Facilities and/or the construction of the Project Facilities or for any other purpose connected with the Project; 21.2.2 to enable it lawfully to enter into, exercise its rights under, and perform and comply with the obligations expressed to be assumed by it under each Transaction Document to which it is expressed to be a party; and 21.2.3 to ensure the legality, validity, enforceability or admissibility in evidence in each relevant jurisdiction of each Transaction Document to which it is expressed to be a party, where failure to obtain, maintain or comply with any such Transaction Authorisation would, in the Lender’s reasonable view, result in a Material Adverse Effect.