Mutual Condition Precedent Sample Clauses

Mutual Condition Precedent. The obligations of each of the Parties to consummate the transactions contemplated by this Agreement are subject to the condition that, as of the Closing Date, there shall not be any claim or judgment of any nature or type threatened, pending or made by or before any Governmental Authority that questions or challenges the lawfulness of the transactions contemplated by this Agreement under any law or regulation or seeks to delay, restrain or prevent such transactions.

Mutual Condition Precedent. The parties' obligations under this Agreement are contingent on this transaction closing simultaneously with the transactions contemplated under the agreements of the same date between Buyer and the affiliates of Seller described on the attached Exhibit 4B, provided that in the case of the agreement with RAL Income + Equity Growth V Limited Partnership ("RAL V"), this condition shall be deemed satisfied if all of the transactions with RAL V are closed by January 31, 1999 in accordance with the terms of the Asset Purchase Agreement between Buyer and RAL V of the same date as this Agreement.

Mutual Condition Precedent. The respective obligations of each Party to consummate the Transactions shall be subject to the satisfaction or waiver (where permissible), on or prior to the Closing Date, of the condition that no Governmental Authority has enacted, issued, promulgated, enforced or entered any Law or Order (whether temporary, preliminary or permanent) that is then in effect and has the effect of making the Transactions illegal or otherwise preventing or prohibiting consummation of the Transactions.

Mutual Condition Precedent. 7.1 The obligations of the parties to complete the transactions contemplated herein and under the terms of the Agreements, is subject to the mutual condition that as at the Closing Date: (a) The parties shall have obtained all applicable Canadian and Albanian federal, provincial, civic and regulatory licenses, consents and government approvals for the purchase and sale of the Technology Rights, the Purchased Sonic Reactors and the AlbaniaCo Shares; (b) The parties shall have finalized the terms and shall have entered into the Iraq License Agreement; and (c) The parties shall have finalized the terms and shall have entered into the Agreements. 7.2 In the event that the mutual conditions precedent specified at Article 7.1 herein have not been satisfied or waived by the parties by the Closing Date, this Letter of Intent may be terminated by either party on notice to the other and in which case, the parties shall have no further obligations hereunder, save an except for the obligations of the Purchaser at Article 10.4 herein, which shall survive the termination of this Letter of Intent. In the event of termination of this Letter of Intent in accordance with this Article 7.2, the parties shall continue to be bound by the terms of the Non-Disclosure Agreement between the Corporation and Pruchaser dated December 6, 2011.

Mutual Condition Precedent. Unless waived in writing by each party, it will be a further condition to the consummation of this transaction that no litigation will have been commenced or threatened to challenge the right of any party to consummate the transactions contemplated under this Agreement and the Related Agreements.

Mutual Condition Precedent. The respective obligations of the parties hereto to complete the Subject Transactions will be subject to the mutual conditions that:

Mutual Condition Precedent. Unless waived in writing by each party, it will be a further condition to the consummation of this transaction that no litigation will have been commenced or threatened to challenge the right of any party to consummate the transactions contemplated under this Agreement.

Mutual Condition Precedent. The respective obligations of the Parties to complete the transactions contemplated by this Agreement shall be subject to the condition that Competition Act Approval be obtained on or prior to Closing, which condition is for the mutual benefit of the Vendor and the Purchaser, and is a condition precedent which may only be waived by the mutual consent of the Vendor and the Purchaser. If such condition is not satisfied or so waived prior to Closing, either Party may terminate this Agreement and neither Party shall have any further liability to the other hereunder.

Mutual Condition Precedent. The obligation of any of the Parties to implement the Closing under the terms of this Agreement shall be subject to the approval of the Operation contemplated by this Agreement by the Governmental Authorities of economic concentration control, according to the applicable Law. Such approval shall become effective fifteen (15) days after the publication of the relevant Final Decision from the applicable Governmental Authority.

Mutual Condition Precedent. The respective obligations of the parties hereto to complete the Subject Transactions will be subject to the mutual conditions that: (a) there will not be in force, on the Effective Date, any order or decree of a court of competent jurisdiction or any Governmental Authority restraining, interfering with or enjoining the consummation of the Subject Transactions. This condition precedent will be deemed to have been waived by both parties unless one of them gives Notice on the Effective Date that the condition has not been satisfied;