Common use of Non-Compliance with Conditions Precedent Clause in Contracts

Non-Compliance with Conditions Precedent. (a) In the event the Conditions Precedent for Concessionaire have not been satisfied within the stipulated time and the Authority has not waived, fully or partially, such conditions relating to the Concessionaire, this Agreement shall cease to have any effect as of that date and shall be deemed to have been terminated by the mutual agreement of the Parties and no Party shall subsequently have any rights or obligations under this Agreement and the Authority / PLBs shall not be liable in any manner whatsoever to the Concessionaire or Persons claiming through or under it;

Appears in 13 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

AutoNDA by SimpleDocs

Non-Compliance with Conditions Precedent. (a) In the event the Conditions Precedent for Concessionaire have not been satisfied within the stipulated time and the Authority AMC has not waived, fully or partially, such conditions relating to the Concessionaire, this Agreement shall cease to have any effect as of that date and shall be deemed to have been terminated by the mutual agreement of the Parties and no Party shall subsequently have any rights or obligations under this Agreement and the Authority / PLBs AMC shall not be liable in any manner whatsoever to the Concessionaire or Persons claiming through or under it;.

Appears in 1 contract

Samples: Concession Agreement

Non-Compliance with Conditions Precedent. (a) a. In the event the Conditions Precedent for Concessionaire have not been satisfied within the stipulated time and the Concessioning Authority has not waived, fully or partially, such conditions relating to the Concessionaire, this Agreement shall cease to have any effect as of that date and shall be deemed to have been terminated by the mutual agreement of the Parties and no Party shall subsequently have any rights or obligations under this Agreement and the Concessioning Authority / PLBs shall not be liable in any manner whatsoever to the Concessionaire or Persons claiming through or under it;.

Appears in 1 contract

Samples: Draft Concession Agreement

AutoNDA by SimpleDocs

Non-Compliance with Conditions Precedent. (a) In the event the Conditions Precedent for Concessionaire have not been satisfied within the stipulated time and the Concessioning Authority has not waived, fully or partially, such conditions relating to the Concessionaire, this Agreement shall cease to have any effect as of that date and shall be deemed to have been terminated by the mutual agreement of the Parties and no Party shall subsequently have any rights or obligations under this Agreement and the Concessioning Authority / PLBs shall not be liable in any manner whatsoever to the Concessionaire or Persons claiming through or under it;.

Appears in 1 contract

Samples: Draft Concession Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.