ACD conditions precedent Sample Clauses

ACD conditions precedent. The Banks acknowledge that certain waivers of conditions precedent to be provided pursuant to clause 3.1 may be requested on the proposed Acquisition Completion Date and that, if the Acquisition is to be duly completed on such date, it will not be practicable for the Agent to obtain the authority of the Majority Banks pursuant to clause 3.4 to authorise such waivers. Accordingly, each Bank hereby irrevocably authorises the Agent (notwithstanding clauses 3.4 and 17.11) to agree such waivers of the conditions precedent as are, in the Agent’s opinion, necessary to achieve completion of the Acquisition on the proposed Acquisition Completion Date and which are not, in the Agent’s opinion, materially Back to Contents prejudicial to the interests of the Banks. The Agent shall be entitled to agree such arrangements as it may consider appropriate for the subsequent provision of any condition precedent waived by it pursuant to this clause 3.5. This clause 3.5 shall apply only in relation to the Drawings to be made on the First Drawdown Date.
Sample 1
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Related to ACD conditions precedent

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • Other Conditions Precedent Each of the conditions set forth in Sections 4.1.4, 4.1.5, 4.1.6 and 4.1.10 shall have been satisfied unless the failure of any such condition to be satisfied is the result of any action or inaction by Mortgagee.

  • Purchaser’s Conditions Precedent Except as may be waived in writing by Purchaser, the obligations of Purchaser hereunder are subject to the fulfillment at or prior to the Closing of each of the following conditions:

  • Further conditions precedent The Lenders will only be obliged to comply with Clause 5.4 (Lenders’ participation) if on the date of the Utilisation Request and on the proposed Utilisation Date:

  • Buyer’s Conditions Precedent The obligations of Buyer to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • Seller’s Conditions Precedent The obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Initial Conditions Precedent The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to:

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

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