Common use of Further Conditions Clause in Contracts

Further Conditions. The obligation of the Lessor to pay the Transaction Fees and to demise the Ship to the Lessee under this Lease shall be subject to the further condition that the Lessor shall have received a Delivery Request Notice not less than two (2) Banking Days (or such shorter period as the Lessor and the Lessee may agree) prior to the required date for payment of the Transaction Fees and the proposed date of delivery of the Ship to the Lessee under this Lease and to the further conditions that at the time of the giving of the Delivery Request Notice and immediately prior to the time when Delivery is to take place: (a) the representations and warranties set out in clauses 2.1 and 2.2 (and so that the representation and warranty in clause 2.1.7 shall for this purpose refer to the then latest audited financial statements delivered to the Lessor under clause 11.1) and the representations and warranties set out in clauses 4.1 and 4.2 of the Lessee Parent Guarantee (and so that the representation and warranty in clause 4.1.6 of the Lessee Parent Guarantee shall for this purpose refer to the then latest audited financial statements delivered to the Lessor under clause 5.1.4 of the Lessee Parent Guarantee) are true and correct as if each was made with respect to the facts and circumstances existing at such time; (b) no Relevant Event shall have occurred and be continuing or would arise by reason of payment of the Transaction Fees or by reason of Delivery taking place; and (c) no Relevant Bank Event, Relevant Bank Change of Law Event or Relevant Bank Illegality Event shall have occurred and be continuing.