General; Conditions Precedent to Payment Sample Clauses

General; Conditions Precedent to Payment. Before commencing to perform any Work pursuant to this Agreement and/or any associated Work Orders, if any, and as a condition precedent to Contractor’s obligation to make payments thereunder to Subcontractor, the Subcontractor shall, at its sole expense, obtain and maintain in effect at all times insurance coverage with limits in accordance with Exhibit D attached to this Agreement. In addition to the above, Subcontractor shall require each of its Lower-Tier Subcontractors, regardless of tier, to obtain and maintain in effect at all times insurance coverage at least as broad as the insurance coverage set forth in Exhibit D. The insuring carriers and the form of the insurance policies as required by Exhibit D shall be subject to the reasonable approval by Contractor and shall provide that not less than thirty (30) calendar days’ prior written notice shall be given to Contractor prior to cancellation or termination of said policies of insurance. The provisions set forth in this Agreement with respect to the types of insurance required, minimum limits, and Contractor approval requirements are not intended to and shall not in any manner limit or qualify the liabilities and obligations assumed by Subcontractor under this Agreement. Any loss or claim of loss against which Contractor has a right to indemnification under this Agreement and which is covered by insurance that Subcontractor is required to carry in accordance with Exhibit D, shall be negotiated by Subcontractor with full notice to and participation by Contractor. If the parties are unable to agree on the settlement of the loss, such dispute shall be submitted to a court of competent jurisdiction to determine ownership of the disputed amounts. The Work shall nevertheless progress during any such period of dispute (subject to all other provisions herein) without prejudice to the rights of any party to the dispute.
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Related to General; Conditions Precedent to Payment

  • 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:

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

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

  • 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:

  • 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 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:

  • 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.

  • 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 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:

  • 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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