Common use of Compliance with Conditions Precedent to the Issuance of the Bond Clause in Contracts

Compliance with Conditions Precedent to the Issuance of the Bond. All acts, conditions, and things required to exist, happen, and be performed precedent to and in the execution and delivery by the Issuer of the Bond do exist, have happened, and have been performed in due time, form, and manner as required by law; the issuance of the Bond, together with all other obligations of the Issuer, do not exceed or violate any constitutional or statutory limitation.

Compliance with Conditions Precedent to the Issuance of the Bond. All acts, conditions, and things required to exist, happen, and be performed precedent to and in the execution and delivery by the Issuer of the Bond do or will exist, have happenedhappened or will happen, and have been or will be performed in due time, form, and manner as required by law; the issuance of the Bond, together with all other obligations of the IssuerIssuer under the Issuer Documents, do not or will not exceed or violate any constitutional or statutory limitation.