Conditions Precedent to Conveyance of the Leasehold Sample Clauses

Conditions Precedent to Conveyance of the Leasehold. In the event that Developer does not obtain a commitment for Multifamily Housing Program (“MHP Funding Commitment”) financing from the California Department of Housing and Community Development (“HCD”) on or before December 31, 2011, either Party may terminate this Agreement pursuant to Section 508 of the DDA.
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Conditions Precedent to Conveyance of the Leasehold. Subject to the notice and cure provisions of Sections 501 through 510, inclusive, of this Agreement and to the enforced delay provisions of Section 602 of this Agreement, the City at its option may terminate this Agreement pursuant to Section 510 if any of the conditions precedent set forth in the Method of Financing (Attachment No. 3) are not satisfied by the Developer or waived in writing by the City within the time limits set forth in the Schedule of Performance (Attachment No. 5).
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Conditions Precedent to Conveyance of the Leasehold. Subject to the notice and cure provisions of Sections 501 through 510, inclusive, of this Agreement and to the enforced delay provisions of Section 602 of this Agreement, the City at its option may terminate this Agreement pursuant to Section 510 if any of the conditions precedent set forth in the Method of Financing (Attachment No. 3) are not satisfied by the Developer or waived in writing by the City within the time limits set forth in the Schedule of Performance (Attachment No. 5). City and Developer are aware that the Property is currently occupied, or otherwise encumbered by the Existing Tenants. City and Developer agree that (i) Existing Tenants must vacate the Property as a condition precedent to Closing and conveyance of the Leasehold, and
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Related to Conditions Precedent to Conveyance of the Leasehold

  • 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 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:

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

  • Conditions Precedent to Indemnification It shall be a condition precedent to the obligation of the Receiver to indemnify any Person pursuant to this Article XII that such Person shall, with respect to any claim made or threatened against such Person for which such Person is or may be entitled to indemnification hereunder:

  • 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.

  • 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:

  • 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:

  • 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.

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