CONDITION PRECEDENT RELATED TO THE INITIAL CAPACITY Sample Clauses

CONDITION PRECEDENT RELATED TO THE INITIAL CAPACITY. If the First Closing Date does not occur on or before June 30, 2000 for reasons reasonably imputable to Metro Net or its contractors, this Capacity Sale Agreement shall cease to exist due to the non-compliance of this condition precedent required for its validity and enforceability. In such case, Metro Net shall pay to Maxcom a compensation fee (as liquidated damages) of US$800,000.00 (Eight Hundred Thousand US Dollars) no later than 30 (thirty) business days after written notification is delivered by Maxcom to Metro Net. In such case, Maxcom's obligation to acquire the South Ring Mexico City Backbone Capacity, as well as its right to acquire the Additional Capacity, shall also cease to exist. If, for reasons that are not reasonably imputable to Metro Net or its contractors the First Closing does not occur on or before such date, Maxcom and Metro Net will negotiate in good faith a reasonable additional time for such First Closing to occur and, if appropriate, compensation for Maxcom. The parties agree and acknowledge that the acquisition of the Initial Capacity is subject to and conditioned upon the occurrence of the Second Closing, therefore to the delivery of the South Ring Mexico City Backbone Capacity pursuant to the terms and conditions of this Article 2.
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Related to CONDITION PRECEDENT RELATED TO THE INITIAL CAPACITY

  • Condition Precedent The obligations of the parties to this Agreement are subject to the Receiver and the Corporation having received at or before Bank Closing evidence reasonably satisfactory to each of any necessary approval, waiver, or other action by any governmental authority, the board of directors of the Assuming Institution, or other third party, with respect to this Agreement and the transactions contemplated hereby, the closing of the Failed Bank and the appointment of the Receiver, the chartering of the Assuming Institution, and any agreements, documents, matters or proceedings contemplated hereby or thereby.

  • CONDITIONS PRECEDENT TO THE PURCHASER'S OBLIGATIONS The obligation of the Purchaser to purchase the Shares is subject to the satisfaction by the Company, or waiver by the Purchaser, on or prior to the Closing Date, of the following conditions:

  • CONDITIONS PRECEDENT TO THE BUYER’S OBLIGATION TO PURCHASE The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

  • Conditions Precedent to the Buyer’s Obligations The obligation of the Buyer to purchase and pay for the Transferred Assets is subject to the satisfaction (or waiver by the Buyer) as of the Closing of the following conditions:

  • Conditions Precedent to the Consummation of the Purchase ---------------------------- The following are conditions precedent to the consummation of the Agreement on or before the Closing Date:

  • Conditions Precedent to the Closing Date The obligation of the Lenders to execute this Agreement and make any requested Loans on the Closing Date is subject to the prior satisfaction of each of the following conditions (unless waived in writing by Administrative Agent with the consent of the Lenders):

  • Conditions Precedent to the Effective Date The occurrence of the Effective Date pursuant to Section 13.10 is subject to the satisfaction of the following conditions:

  • Conditions Precedent to the Initial Advance The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received and approved on or before the Closing Date (other than with respect to paragraph (10) below which shall be required prior to the Initial Advance) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent to the Closing 12 7.1. Consents; Stockholder Approval .................................. 12 7.2. No Suits or Actions ............................................. 12 ARTICLE VIII - MISCELLANEOUS................................................. 12

  • CONDITIONS PRECEDENT TO PURCHASER'S OBLIGATIONS The obligations of Purchaser hereunder to consummate the transaction contemplated hereunder shall in all respects be conditioned upon the satisfaction of each of the following conditions prior to or simultaneously with the Closing, any of which may be waived by Purchaser in its sole discretion by written notice to Seller at or prior to the Closing Date:

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