Conditions Precedent and Milestone (Clauses 5 Sample Clauses

Conditions Precedent and Milestone (Clauses 5. 1- 5.3) The Initial Target Commissioning Window has been proposed as [5] years commencing on [●]. The Target Commissioning Date has been proposed as [●]. The Longstop Period has been proposed as 4 years. We understand the purpose of the Target Commissioning Window and Longstop Date (and Milestone Delivery) to be that developers do not apply for CfDs in relation to projects which have no real prospect of development not to set subjective timescales (with penal consequences) for the delivery of such projects. Given the bespoke and unique first of-a-kind nature of the project, and its financing structure (which relies on debt financing) an Initial Target Commissioning Windows of [5] years, and a Longstop Date 4 years after the last day of the Target Commissioning Window are necessary. The CfD Counterparty should be able to terminate the contract at the Longstop Date only if none of the turbines have been commissioned by then.
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Related to Conditions Precedent and Milestone (Clauses 5

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Waiver of Conditions Precedent The conditions specified in this clause 9 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

  • Conditions Precedent to Effectiveness This Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

  • Mutual Conditions Precedent The respective obligations of the Parties to consummate the transactions contemplated hereby, and in particular the Arrangement, are subject to the satisfaction, on or before the Effective Date or such other time specified, of the following conditions, any of which may be waived by the mutual written consent of such Parties without prejudice to their right to rely on any other of such conditions:

  • Satisfaction of Conditions Precedent Each party will use commercially reasonable efforts to satisfy or cause to be satisfied all the conditions precedent that are applicable to them, and to cause the transactions contemplated by this Agreement to be consummated, and, without limiting the generality of the foregoing, to obtain all material consents and authorizations of third parties and to make filings with, and give all notices to, third parties that may be necessary or reasonably required on its part in order to effect the transactions contemplated hereby.

  • Further Conditions Precedent The Lenders will only be obliged to comply with Clause 5.4 (Lenders’ participation) if on the date of the Utilisation Request and on the proposed Utilisation Date:

  • Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:

  • Conditions Precedent to Closing The Local Church and Annual Conference acknowledge and agree that the obligations of the parties to effectuate the Closing on or about the Disaffiliation Date are expressly contingent and conditional on the following:

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

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