Condition Precedent - Canada Clause Samples
A Condition Precedent clause in Canadian contracts establishes that certain specified events or actions must occur before a party is obligated to perform its contractual duties. For example, this might require regulatory approval, financing, or the completion of due diligence before the agreement becomes effective or enforceable. By setting these prerequisites, the clause ensures that both parties are protected from being bound to the contract until essential conditions are satisfied, thereby managing risk and providing clarity on when obligations commence.
Condition Precedent - Canada. With respect to Canada, Licensor’s obligation to license VOD Included Programs hereunder shall be subject to, and expressly conditioned upon, Licensee’s continuous VOD distribution during the VOD Term on the VOD Service in Canada of new release and library titles from at least two (2) Qualifying Studios.”
Condition Precedent - Canada. With respect to Canada, Licensor’s obligation to license DHE Included Programs hereunder shall be subject to, and expressly conditioned upon, Licensee’s continuous DHE and/or VOD distribution during the Term on the Licensed Service in Canada of Feature Films from at least two (2) Qualifying Studios.”