Common use of Conditions for the Benefit of Each of the Parties Clause in Contracts

Conditions for the Benefit of Each of the Parties. The Authority and the Lessee shall each be obligated to consummate the Closing in accordance with the terms hereof only if each of the following conditions precedent has been satisfied in full at or before the Time of Closing, unless waived by each of the Authority and the Lessee, or otherwise required by Law:

Conditions for the Benefit of Each of the Parties. The Authority and the Lessee Concession Company shall each be obligated to consummate the Closing in accordance with the terms hereof only if each of the following conditions precedent has been satisfied in full at or before the Time of Closing, unless waived in writing by each of the Authority and the LesseeConcession Company or, or otherwise required in the case of the condition precedent in Section 2.4(c)(i)(B) below, waived in writing by Lawthe Concession Company only: