Essential Conditions Sample Clauses

Essential Conditions. Due in part to the nature of the Work DP is to perform, it is understood that the time for commencing and completion of the DP’s Services as specified herein are ESSENTIAL CONDITIONS of this Agreement. It is mutually understood and agreed that the services by DP set forth in this Agreement shall be promptly commenced when a Project Authorization listing the Project Scope has been executed by DP and Owner. All DP services shall be prosecuted regularly, diligently, and uninterruptedly at such rate of progress as will help ensure full completion of each Project Scope within the time set forth in the applicable Project Authorization.
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Essential Conditions. Due in part to the nature of the work DP is to perform, it is understood that the times for commencing and completing the DP’s Professional Services as specified herein are ESSENTIAL CONDITIONS of this DP Agreement. It is mutually understood and agreed that the Professional Services by DP set forth in this DP Agreement shall be promptly commenced on a date to be specified in a notice to proceed, and in no event later than xxxx (xx) days after the execution of this DP Agreement, whichever first occurs. Consistent with the Standard of Care set forth in this DP Agreement, all Professional Services shall be prosecuted regularly, diligently, and uninterruptedly at such rate of progress as will assist the CM@Risk to complete the Project within the time set forth in the Scope of Services and pursuant to the “Exhibit B – Schedule of Payments”(“Schedule of Payments”)
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Essential Conditions. 1. The Occupant hereby declares having read the said regulations and undertakes to ensure that all (the family and his guests) are aware of and will always comply with the regulations of CAMPING XXXXXXX, during their presence on the premises. 2. The Lessor is not responsible for accidents that may occur on the site or during the practice of an activities on the said site, or for any damages caused to the camper's equipment by fire, theft, vandalism, accident, lack of electricity, falling trees or by the actions of other campers, visitors or other campsite customers. The occupant agrees to always maintain, an insurance policy covering all his property and civil liability. He is responsible for notifying the Lessor of any change in insurance while his equipment is on the campsite. 3. The Lessor is not obligated to reimburse in whole or in part any amount paid by the occupant who leaves before the end of the term indicated on the Campsite Rental Agreement. The Lessee must notify the Lessor in writing (giving 24 hours notice) if they plan to remove their camping equipment for an outing. If this is not done, after an absence of more than 48 hours, the site will revert to the property of the Lessor who will subsequently be able to dispose of the said site as he wishes, and this without reimbursement or compensation to the Occupant. 4. The Lessor agrees to respect the preferential rate offered on the seasonal site as indicated on the Campsite Rental Agreement, if the indicated payment terms are respected by the Lessee. Interest rates of 5% is calculated on any balance not paid on the specified dates as indicated at in the agreement . The seasonal site can be paid in two installments, the first installment is due by April 15, 2025 and the second must be made no later than June 1, 2025 before noon. The Occupant who does not respect these conditions will lose the preferential seasonal rates and an amount of $ 100.00 plus taxes for administration fees will be added to the rental fees as of June 2nd of the current year. The Occupant is also notified that on July 1st of the current year, the seasonal sites for which the rental fees have not been paid in full will see the contract he signed become null and void. In this case, the tenant is advised that he will have to pay for the nights spent on the site at the regular daily rental price that is offered to travelers. Payment for the seasonal site is made by cash, e-transfer, check or debit (May to September). No credit ...
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Essential Conditions. 2 ARTICLE 5. CONTRACT SUM…………………………………………………………………………….. 2
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Essential Conditions. A Party shall have no obligation to contribute any part of its share of the registered capital of the Company until all of the following events have occurred or the requirement for their occurrence has been waived by the Parties: 5.5.1 the following contracts have been executed by the relevant parties or, for those contracts where the Company is a party, by the Parties on behalf of the Company and then subsequently counter-signed by the Company after its establishment: (1) this Contract; (2) the Articles of Association; and (3) the Major Contracts; 5.5.2 each Party has carried out and completed all of those of its internal approval processes and procedures, including approval by its board of directors, that would be required for it to be a party to this Contract, the Articles of Association, and for it to execute the Major Contracts, and each Party has then notified the other Party, in writing, of such completion; 5.5.3 this Contract and the Articles of Association have been approved by the Approval Authority and no revisions have been required to be made that are not accepted by the Parties; 5.5.4 the Company has received all permits, certificates and approvals from the relevant PRC authorities that are necessary for the Company to operate, including the following: (1) an official reply and a certificate of approval from the Approval Authority; (2) a business license from the relevant AIC; (3) an Organization Code Certificate; and (4) a Foreign Investment Enterprise Foreign Exchange Registration Certificate obtained from SAFE; 5.5.5 all registrations and filings have been made with the relevant PRC authorities, including the template of the labor contract which sets forth the terms and conditions for employees of the Company and has been filed at the relevant Labor and Social Security Bureau. If any of the conditions specified in Articles 5.5.1 to 5.5.5 has not been satisfied and the Parties have not waived such condition in writing within the earlier of (a) three (3) months after the Company’s business license is issued, and (b) five (5) months after this Contract is signed by the Parties, or within any extended period of time as the Parties may agree in writing, then either Party shall have the right to terminate this Contract by written notice to the other Party.
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Essential Conditions. A Party shall have no obligation to contribute any part of its share of the registered capital of the Company until all of the following events have occurred or the requirement for their occurrence has been waived by the Parties: 5.5.1 the following contracts have been executed by the relevant parties or, for those contracts where the Company is a party, by the Parties on behalf of the Company and then subsequently counter-signed by the Company after its establishment: (A) this Contract; (B) the following, which are attached as appendices to this Contract: (i) the Know-how and Technology Usage Right Agreement; (ii) the Factory Land Use Rights Contribution Contract; (C) the Major Contracts Agreement; (D) the following, which are attached as appendices to the Major Contracts Agreement:
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Essential Conditions. Due in part to the nature of the work DP is to perform, it is understood that the time for commencing and completion of the DP’s Services as specified herein are ESSENTIAL CONDITIONS of this Agreement. It is mutually understood and agreed that the services by DP set forth in this Agreement shall be promptly commenced on a date to be specified in a notice to proceed, and in no event later than xxxx (xx) days after the execution of this Agreement, whichever first occurs. All DP services shall be prosecuted regularly, diligently, and uninterruptedly at such rate of progress as will help ensure full completion of the Project by the CM@Risk within the time set forth in the Scope of Services and pursuant to the “Exhibit B – Schedule of Payments”. precedence:
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Essential Conditions. (a) The conditions of sale reported above constitute essential conditions for the completion of the purchase order received from Plastica Sud Srl di X. Xxxxxxx & C. and are intended to be reported at the bottom of the same.
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Essential Conditions. (a) The Purchaser's obligation to carry out the transactions contemplated by this offer to purchase is subject to the fulfillment of each of the following conditions on or by the closing date (which conditions are for the sole benefit of the Purchaser and which may be waived by the Purchaser in its sole discretion): (i) the representations and warranties of the Vendor set forth in section 2 are true and accurate with the same effect as if made on and as of the closing date; (ii) all the terms, covenants and conditions of this offer to purchase to be complied with or performed by the Vendor at or prior to the closing date shall have been complied with or performed; (iii) there shall have been no material change in the state or condition of the Property since the date of acceptance hereof; (iv) vacant possession of the Property shall be given to the Purchaser; and (v) the Vendor has executed the Deed of Sale, substantially in the form attached hereto as Exhibit A; (b) If any of the conditions in section 4(a) are not met on the closing date, and such conditions are not waived by the Purchaser on such date, then this offer to purchase shall terminate, in which event, the Purchaser shall be under no further obligation and the First Deposit and Second Deposit, together with accrued interest thereon, shall be returned to the Purchaser forthwith without any recourse of whatsoever nature of one party against the other; and (c) The Purchaser shall be entitled to waive compliance with any condition in whole or in part, if it sees fit to do so in its sole discretion, without prejudice to any of its rights of termination in the event of non-performance or non-fulfillment of any other condition in whole or in part.
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Related to Essential Conditions

  • ORIGINAL CONDITIONS A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations and to the same modifications and alterations as the Policy, subject to the terms and conditions of this Contract, and the Reinsurer shall be credited with its exact proportion of the Insured's premiums due to the Company under the Policy. B. Nothing herein shall in any manner create any obligation or establish any right against the Reinsurer in favor of third parties or any persons not parties to this Contract except as provided with respect to the Insured in this Contract or in the Assumption of Liability Endorsement. C. In the event of a Quota Share Reduction, as that term is defined under the Policy, each Subscribing Reinsurer's participation percentage in this Contract shall be increased in the proportion that 100% bears to the total Subscribing Reinsurer's participation after the Quota Share Reduction. For the avoidance of doubt, such participation percentage increase is necessary to account for the reduction provisions of the Reduction Under Quota Share Contract Article of the Policy. If applicable, the Remaining Aggregate Retention, as that term is defined under the Policy, would likewise be adjusted. Any termination of a Subscribing Reinsurer's participation in this Contract shall not require the consent of any other Subscribing Reinsurer. As respects each Subscribing Reinsurer still participating on this Contract following the Reinsurer Reduction Date, as that term is defined under the Policy, in no event shall its share of the aggregate limit following the Reinsurer Reduction Date be greater than its share of the aggregate limit prior to the Reinsurer Reduction Date, notwithstanding that its participation percentage may increase as a result thereof. As an example, where the aggregate limit is $300,000,000 with each of three Subscribing Reinsurers retaining a 33.33% share ($100,000,000 each), and one Subscribing Reinsurer's share is terminated, then the resulting aggregate limit becomes $200,000,000 with each of the two remaining Subscribing Reinsurers retaining a 50.00% share (i.e., 33.33% x 100%/66.67%). As respects each of the two remaining Subscribing Reinsurers, its share of the aggregate limit shall remain at $100,000,000.

  • General Condition The Aircraft will: (a) be clean by international airline standards; (b) have installed the full complement of engines and other material equipment, parts and accessories and loose equipment required under the Agreed Maintenance Program and installed in the other Boeing/XxXxxxxxx Xxxxxxx MD-87 aircraft operated by Lessee (together with any additions and improvements thereto, or replacements thereof, effected pursuant to and in accordance with this Agreement) and be in a condition suitable for immediate operation in commercial service; (c) be airworthy, conform to type design and be in a condition for safe operation with all equipment, components and systems operating in accordance with their intended use and within limits established by the manufacturer and approved by the Aviation Authority, and all pilot discrepancies and deferred maintenance items cleared on a terminating action basis; (d) have a U.S. Standard Transport Category Certificate of Airworthiness issued by the FAA in accordance with FAR Part 129 (or if required by the Lessor, be eligible for a valid export certificate of airworthiness with respect to the Aircraft issued by the Aviation Authority) and unconditionally meet all FAA requirements for immediate operations under FAR Part 129; (e) comply with the manufacturer's original specification to the extent that it so complied on the date of this Agreement and subject to any alterations made pursuant to and in accordance with this Agreement after such date; (f) have undergone, immediately prior to redelivery, the MSG-3 equivalent of a "C" Check in accordance with the Agreed Maintenance Program so that all Airframe inspections falling due within the next 3,000 hours, 3,000 cycles or twelve months (whichever is applicable and most limiting) of operation in accordance with the Agreed Maintenance Program have been accomplished; (g) if the Flight Hours of the Airframe remaining until the scheduled completion of the Major Checks (collectively, a "Complete Heavy Work Package") on the Expiry Date are: (i) less than on the Delivery Date, then the Lessee shall pay to the Lessor an amount equal to the product of (a) the number of Flight Hours remaining until the scheduled completion of a Complete Heavy Work Package as of the Expiry Date that are less than the number of Flight Hours that were remaining until the scheduled completion of a Complete Heavy Work Package as of the Delivery Date (b) multiplied by US$50.00, provided, however, that no payment shall be due from -------- ------- Lessee under this clause (g)(i) if, immediately preceding the redelivery of the Aircraft, the Lessee has performed a Complete Heavy Work Package; (ii) more than on the Delivery Date, then the Lessor shall pay to the Lessee an amount equal to the product of (a) the number of Flight Hours remaining until the scheduled completion of a Complete Heavy Work Package as of the Expiry Date that are more than the number of Flight Hours that were remaining until the scheduled completion of a Complete Heavy Work Package as of the Delivery Date (b) multiplied by US$50.00; For the avoidance of doubt, any amounts due to the Lessor pursuant to this clause (g) may be set off against any amounts due to Lessee pursuant to paragraphs (b) or (d) of Schedule 10 and a payment made for the net amount due; (h) have complied with all airworthiness directives and mandatory orders affecting that model of Aircraft issued by the Aviation Authority (and, if different, the FAA) that are required terminating action during the Term; (i) no special or unique manufacturer inspection or check requirements specific to the Aircraft will exist unless there is no terminating action available from any source; (j) have installed all applicable vendor's and manufacturer's service bulletin kits received free of charge by the Lessee that are appropriate for the Aircraft and, to the extent not installed, those kits which have been received with respect to this Aircraft will be furnished free of charge to the Lessor; (k) be free of any system-related leaks which are outside maintenance manual limitations; (l) all fluid reservoirs (including fuel, oil, oxygen, hydraulic and water) will be full, and the waste tank serviced in accordance with the manufacturer's instructions; (m) if required under the Approved Maintenance Program, all fuel tanks will have recently undergone an anti-fungus/biological growth contamination laboratory evaluation, and any excessive levels of contamination corrected; (n) have an FAA-approved aging aircraft program in operation and up-to-date; and (o) have all signs and decals clean, secure and legible.

  • General Conditions (i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement. (ii) Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement. (iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement.

  • Additional Conditions As a condition to any such assignment or subletting, whether or not Landlord’s consent is required, Landlord may require: (i) that any assignee or subtenant agree, in writing at the time of such assignment or subletting, that if Landlord gives such party notice that Tenant is in default under this Lease, such party shall thereafter make all payments otherwise due Tenant directly to Landlord, which payments will be received by Landlord without any liability except to credit such payment against those due under the Lease, and any such third party shall agree to attorn to Landlord or its successors and assigns should this Lease be terminated for any reason; provided, however, in no event shall Landlord or its successors or assigns be obligated to accept such attornment; and (ii) A list of Hazardous Materials, certified by the proposed assignee or sublessee to be true and correct, which the proposed assignee or sublessee intends to use, store, handle, treat, generate in or release or dispose of from the Premises, together with copies of all documents relating to such use, storage, handling, treatment, generation, release or disposal of Hazardous Materials by the proposed assignee or subtenant in the Premises or on the Project, prior to the proposed assignment or subletting, including, without limitation: permits; approvals; reports and correspondence; storage and management plans; plans relating to the installation of any storage tanks to be installed in or under the Project (provided, said installation of tanks shall only be permitted after Landlord has given its written consent to do so, which consent may be withheld in Landlord’s sole and absolute discretion); and all closure plans or any other documents required by any and all federal, state and local Governmental Authorities for any storage tanks installed in, on or under the Project for the closure of any such tanks. Neither Tenant nor any such proposed assignee or subtenant is required, however, to provide Landlord with any portion(s) of the such documents containing information of a proprietary nature which, in and of themselves, do not contain a reference to any Hazardous Materials or hazardous activities.

  • – OTHER SPECIAL CONDITIONS I. 12.1 Exchange rate applicable for the conversion of currencies into euro Payments shall be made by the Commission in euro. The co-ordinator shall submit the payment requests in accordance with article I.5.3, including the underlying financial statements, in euro. By way of derogation from article II.16.1, any conversion of actual costs into euro shall be made by the beneficiary at the monthly accounting rate established by the Commission and published on its website applicable on the day when the cost was incurred.

  • Mutual Conditions The respective obligations of each party to consummate the purchase and issuance and sale of the applicable Purchased Securities to be purchased and issued at the Closing shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by a particular party on behalf of itself in writing, in whole or in part, to the extent permitted by applicable Law): (i) no Law shall have been enacted or promulgated, and no action shall have been taken, by any Governmental Authority which temporarily, preliminarily or permanently restrains, precludes, enjoins or otherwise prohibits the consummation of the transactions contemplated hereby or makes the transactions contemplated hereby illegal; and (ii) there shall not be pending any suit, action or proceeding by any Governmental Authority seeking to restrain, preclude, enjoin or prohibit the transactions contemplated by this Agreement.

  • SPECIAL CONDITIONS A submitted appeal must;

  • Special Condition With respect to Liability to the Fund or its shareholders, and subject to applicable state and federal law, the Board Member shall be indemnified pursuant to this Section 1 against any Liability unless such Liability arises by reason of the Board Member’s willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office as defined in such Section 17(h) of the Investment Company Act of 1940, as amended (“Disabling Conduct”).

  • Physical Condition Except as disclosed in the Physical Conditions Reports delivered to Lender in connecting with this Loan, to Borrower's knowledge, the Property, including, without limitation, all buildings, improvements, parking facilities, sidewalks, storm drainage systems, roofs, plumbing systems, HVAC systems, fire protection systems, electrical systems, equipment, elevators, exterior sidings and doors, landscaping, irrigation systems and all structural components, are in good condition, order and repair in all material respects; there exists no structural or other material defects or damages in the Property, whether latent or otherwise, and Borrower has not received notice from any insurance company or bonding company of any defects or inadequacies in the Property, or any part thereof, which would adversely affect the insurability of the same or cause the imposition of extraordinary premiums or charges thereon or of any termination or threatened termination of any policy of insurance or bond.

  • Financial Conditions (a) The Recipient shall maintain or cause to be maintained records and accounts adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures in respect of the Project of the departments or agencies of the Recipient responsible for carrying out the Project or any part thereof. (b) The Recipient shall: (i) have the records and accounts referred to in paragraph (a) of this Section including those for the Special Account for each fiscal year audited, in accordance with appropriate auditing principles consistently applied, by independent auditors acceptable to the Bank; (ii) furnish to the Bank as soon as available, but in any case not later than six months after the end of each such year, the report of such audit by said auditors, of such scope and in such detail as the Bank shall have reasonably requested; and (iii) furnish to the Bank such other information concerning said records and accounts and the audit thereof as the Bank shall from time to time reasonably request. (c) For all expenditures with respect to which withdrawals from the GEF Trust Fund Grant Account were made on the basis of statements of expenditure, the Recipient shall: (i) maintain or cause to be maintained, in accordance with paragraph (a) of this Section, records and accounts reflecting such expenditures; (ii) retain, until at least one year after the Bank has received the audit report for the fiscal year in which the last withdrawal from the GEF Trust Fund Grant Account was made, all records (contracts, orders, invoices, bills, receipts and other documents) evidencing such expenditures; (iii) enable the Bank’s representatives to examine such records; and (iv) ensure that such records and accounts are included in the annual audit referred to in paragraph (b) of this Section and that the report of such audit contains a separate opinion by said auditors as to whether the statements of expenditure submitted during such fiscal year, together with the procedures and internal controls involved in their preparation, can be relied upon to support the related withdrawals.

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