CONDITIONS PRECEDENT TO FORMATION. Before any Contract between the City and the Contractor is effective, the following conditions precedent must be satisfied. Satisfaction of these conditions is the responsibility of the Contractor. If, after performance under the Contract, the City learns that a condition precedent was not met, the City may, if permitted by law, ratify the Contract by affirmative recorded vote or may disclaim it, in its sole discretion.
CONDITIONS PRECEDENT TO FORMATION. The obligations of both Cyprus and Xxxxxxxxx to execute (or cause the execution of) the Organization Documents and make, or cause to be made, the Initial Capital Contributions and complete the other transactions described in this Agreement are subject to the completion of all of the items comprising the Closing Agenda, or the mutual waiver by Cyprus and Xxxxxxxxx of completion of any items not so completed. It is a further condition each party’s obligation to close the transactions set forth in this Agreement that all representations and warranties made by the other party in Subsection 9 and 10 respectively remain true and accurate as of the Closing Date.
CONDITIONS PRECEDENT TO FORMATION. 32 8.1 CONDITIONS PRECEDENT TO MAP OBLIGATIONS .................... 32 8.2 CONDITIONS PRECEDENT TO PEPL'S OBLIGATIONS ................. 34 8.3 CONDITIONS PRECEDENT TO TEPPCO'S OBLIGATIONS ............... 35 8.4 CONDITIONS PRECEDENT TO ALL OBLIGATIONS .................... 36
