Common use of Transaction Authorisations Clause in Contracts

Transaction Authorisations. 17.15.1 All Transaction Authorisations have been received and are in full force and effect. 17.15.2 There are no conditions attaching to any Transaction Authorisations which have, or would, in the Lender’s reasonable view, result in, a Material Adverse Effect. 17.15.3 The Project Company has not received any notice of revocation or material breach of any Transaction Authorisation. 17.15.4 There exists no reason why: (a) any Transaction Authorisation which it will be required to obtain in accordance with Clause 21.2 (Transaction Authorisations) at any time after this representation is made, or deemed to be repeated, will not be granted as and when required or will be granted with any restrictions or conditions attaching to it which has, or would result in, a Material Adverse Effect; (b) any Transaction Authorisation which requires renewal will not be renewed as and when required or will be renewed with further restrictions or conditions attaching to it which has, or would result in, a Material Adverse Effect; or (c) any Transaction Authorisation in force as at the date this representation is made or repeated might be withdrawn, suspended, cancelled or revoked or modified, varied or otherwise affected in a manner which has, or would result in, a Material Adverse Effect.