Extract to table

Conditions Attached to the Approval The Order grants the Section 203 authorization subject to certain conditions, each of which must be satisfied at or prior to the consummation of the transaction, or within specified timeframes following closing

Compliance with Existing License Terms All existing FERC license terms, conditions, and annual charges applicable to the fourteen hydroelectric projects must continue to be observed and complied with following the change in control

We note that the debt commitment letter contains its own expiration and termination mechanics, including a commitment expiration date and certain conditions precedent that must be satisfied prior to funding

First, the eighteen-month lapse provision described in Section V introduces a time constraint that must be carefully weighed against the current uncertainty surrounding the Bull Run Filtration Project concession renegotiation