Condition Precedent to Payment of Invoice Sample Clauses

Condition Precedent to Payment of Invoice. Prior to submitting an invoice for the First Prepayment to Encana. Contractor will provide Encana with evidence of Contractor’s ability to pay the purchase price for the Fleets (as defined in the Work Order) to be used by Contractor to perform the Work under the Work Order. Such evidence will be in the form of either: (i) a funding commitment letter from Contractor’s bank evidencing, to Encana’s reasonable satisfaction, that Contractor’s bank has committed to provide funds in an amount sufficient to purchase the Fleets (the “Commitment”); or (ii) financial information showing to Encana’s reasonable satisfaction that Contractor has the ability to purchase the Fleets. Contractor will notify Encana immediately if the Commitment is withdrawn or reduced in any way. Encana will have no obligation to make any prepayments under this Agreement until Contractor has provided evidence as set forth herein or if the Commitment is withdrawn or reduced in any way. If Contractor cannot provide evidence reasonably satisfactory to Encana that this condition has been satisfied by [December 31, 2010], Encana may, at its sole option, terminate the MSA and Work Order without further obligation of any kind to Contractor.
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Related to Condition Precedent to Payment of Invoice

  • Conditions Precedent to the Obligation of the Company to Close and to Sell the Securities. The obligation hereunder of the Company to close and issue and sell the Securities to the Purchasers at the Closing is subject to the satisfaction or waiver, at or before the Closing of the conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

  • Conditions Precedent to the Obligations of the Company to sell Shares at the Closing. The Company’s obligation to sell and issue to the Purchaser the Allocated Shares at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

  • CONDITIONS PRECEDENT TO THIS AMENDMENT The satisfaction of each of the following shall constitute conditions precedent to the effectiveness of this Amendment and each and every provision hereof:

  • 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 Obligation of Buyer Buyer's obligation to consummate the transactions contemplated by this Agreement is subject to the satisfaction, on or prior to the Closing Date, of each of the following conditions, unless otherwise waived by Buyer in writing:

  • CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO ISSUE AND SELL COMMON STOCK The obligation hereunder of the Company to issue and sell the Put Shares to Investor is subject to the satisfaction of each of the conditions set forth below.

  • Conditions Precedent to the Obligation of the Purchaser to Close The obligation hereunder of the Purchaser to perform its obligations under this Agreement and to purchase the Shares is subject to the satisfaction or waiver, at or before the Initial Closing, of each of the conditions set forth below. These conditions are for the Purchaser's sole benefit and may be waived by the Purchaser at any time in its sole discretion.

  • Conditions Precedent to the Loan The obligation of Lender to make the Loan hereunder is subject to the fulfillment by Borrower or waiver by Lender of the following conditions precedent no later than the Closing Date:

  • Conditions Precedent to Obligation of Purchaser The obligation of Purchaser to consummate the transaction hereunder shall be subject to the fulfillment on or before the Closing Date of all of the following conditions, any or all of which may be waived by Purchaser in its sole discretion:

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