Certificate Issued Clause Samples
The 'Certificate Issued' clause defines the point at which an official certificate is formally granted to a party, typically signifying the completion of certain requirements or the achievement of a specified status. In practice, this clause outlines the conditions under which the certificate will be issued, such as successful completion of a course, passing an examination, or fulfilling contractual obligations. Its core function is to provide clear criteria and timing for the issuance of certificates, thereby ensuring transparency and preventing disputes over when and how certification is granted.
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Certificate Issued. The certificate(s) evidencing the Performance Shares that are the subject of this Grant will be issued only upon satisfaction of the appropriate Performance Goals and shall not be treated as outstanding until the satisfaction of such condition.
Certificate Issued. The certificate(s) evidencing the Restricted Shares that are the subject of this Grant are being currently issued, but are subject to forfeiture until they Vest as provided above and will be treated as outstanding unless and until a forfeiture occurs.
Certificate Issued. No certificate issued by the Engineer under Clause 39 shall prejudice the right of the Purchaser to reject Plant or part thereof, which is not in accordance with the Contract. The property in the rejected Plant shall immediately revert to the Contractor upon the replacement thereof by the Contractor.
Certificate Issued. The certificate(s) evidencing the Shares of Restricted Stock that are the subject of this Award Agreement are being currently issued, but are subject to forfeiture until they vest as provided in Section 3 above and will be treated as outstanding unless and until a forfeiture occurs.