Relevant Authorization definition

Relevant Authorization means each Authorization that is or may be at any time necessary under Applicable Law: (i) for making the IDB Invest Loan and each Disbursement; (ii) material for the Borrower and each of its Subsidiaries to conduct its business as it is contemplated to be carried on; (iii) for the purposes of the IDB Invest Loan to be carried out in accordance with the Financing Documents; (iv) in connection with the execution, delivery, validity and enforceability of the Financing Documents and the performance by each party thereto of its obligations thereunder; (v) for the enforcement by IDB Invest of its rights and remedies under the Financing Documents; (vi) for the remittance to IDB Invest or its assigns in Dollars of all monies payable under or with respect to the Financing Documents; and (vii) for the IDB Invest Loan and the Borrower and its Subsidiaries to comply with Applicable Law and Annex 2 (Environmental and Social Provisions).

Relevant Authorization means each Authorization that is required under Applicable Law: (a) for the Senior Debt and each Senior Loan Disbursement to be executed and the Financial Plan to be implemented; (b) for the Issuer to conduct its business as it is currently doing and as provided in the Transaction Documents; (c) for the Project to be carried out in accordance with the Transaction Documents; (d) for the signature, delivery, performance, validity and enforceability of the Transaction Documents and the performance, by each of the parties thereto, of its obligations provided therein; (e) for the Secured Parties to exercise their rights and remedies under the Financing Documents; (f) for all amounts due under or related to the Financing Documents to be remitted to the Senior Creditors or their assignees in U.S. dollars; or (g) for the Project to comply with the Socio-environmental Requirements, except for an Authorization that (x) is routine and obtainable in the regular course of business and (y) the failure to do so is not expected to in any way prohibit or restrict to a substantial degree any of the above provisions or result in a Material Adverse Effect.