FAILURE TO FULFILL CONDITIONS PRECEDENT Sample Clauses

FAILURE TO FULFILL CONDITIONS PRECEDENT. In the event that a party fails to fulfill any of the conditions precedent, the other party may (i) terminate this Agreement pursuant to paragraph 11 or (ii) waive the condition precedent and consummate the Contemplated Transaction.
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FAILURE TO FULFILL CONDITIONS PRECEDENT. In the event that --------------------------------------- any of the conditions precedent to the Lender's obligations to make the initial Loans, as set forth in Section 3.1, is not satisfied on or prior to July 31, 2001, then the Lender's Commitment will automatically expire, and this Agreement will immediately terminate (except for the Borrower's indemnification obligations hereunder which survive termination of the Lender's Commitment), without further action by the Lender.
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FAILURE TO FULFILL CONDITIONS PRECEDENT. If the conditions precedent in Section 2.2 and Section 2.3 are not fulfilled or waived in a timely manner, either Party may terminate this Agreement by providing the other Party with forty- five (45) Days prior written notice of its intent to terminate this Agreement. Unless the condition for which such notice of termination is given is fulfilled within such 45-Day notice period, this Agreement shall terminate and neither Party shall have any further obligations or liabilities under this Agreement.
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Related to FAILURE TO FULFILL CONDITIONS PRECEDENT

  • Failure to Satisfy Conditions Precedent If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

  • Failure to Fulfill Conditions In the event that either of the parties hereto determines that a condition to its respective obligations to consummate the transactions contemplated hereby cannot be fulfilled on or prior to the termination of this Agreement, it will promptly notify the other party.

  • Initial Conditions Precedent The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver 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:

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to:

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

  • Mutual Conditions Precedent The obligations of the Parties to complete the transactions contemplated by this Agreement are subject to the fulfillment, on or before the Effective Time, of each of the following conditions precedent, each of which may only be waived with the mutual consent of the Parties:

  • Conditions Precedent to EFFECTIVENESS OF SECTIONS 2.01 AND 2.03. Sections 2.01 and 2.03 of this Agreement shall become effective on and as of the first date (the "EFFECTIVE DATE") on which the following conditions precedent have been satisfied:

  • Buyer’s Conditions Precedent The obligations of Buyer to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • 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.

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