Non-Construction Conditions Precedent Clause Samples
The Non-Construction Conditions Precedent clause defines specific requirements that must be satisfied before a party is obligated to proceed with certain contractual obligations, excluding those related to construction activities. Typically, these conditions might include obtaining regulatory approvals, securing financing, or fulfilling legal or administrative prerequisites. By clearly outlining these non-construction prerequisites, the clause ensures that all necessary groundwork is completed before the main obligations commence, thereby reducing risk and preventing disputes over readiness to perform.
Non-Construction Conditions Precedent. Borrower agrees that Lender's obligation to open the Loan and thereafter to make further disbursements of proceeds thereof is conditioned upon Borrower's delivery, performance and satisfaction of the following conditions precedent in form and substance satisfactory to Lender in its reasonable discretion:
Non-Construction Conditions Precedent. Borrower agrees that Lender’s obligation to make the Loan is conditioned upon Borrower’s delivery, performance and satisfaction of the following conditions precedent in form and substance satisfactory to Lender in its reasonable discretion (except as otherwise expressly set forth herein) prior to (or at the time of) Closing, with the exception of the conditions listed in Section 8.1(a), Section 8.1(u), Section 8.1(w), Section 8.1(y)(b) and Section 8.1(z)(ii) and (iii) hereunder that must be satisfied at such other time as is set forth therein:
Non-Construction Conditions Precedent. Borrower agrees that Lender’s obligation to make the initial disbursement of the Loan and each subsequent disbursement is conditioned upon Borrower’s delivery, performance and satisfaction of the following conditions precedent in form and substance satisfactory to Lender:
Non-Construction Conditions Precedent. The Facility A Lenders’ obligation to fund the Initial Restructuring Loan and thereafter to make any further disbursements of Facility A Loans and the Facility B Lenders’ and Facility C Lenders’ willingness to enter into this Agreement are conditioned upon Borrower’s delivery, performance and satisfaction of the following conditions precedent in form and substance satisfactory to the Agent, or waiver of any such condition precedent by the Lenders:
(a) Borrower shall have furnished duly executed copies of the documents listed in Section 4.7;
(b) There shall exist no Default of which Borrower has received notice from the Agent or any Lender or Event of Default;
(c) Borrower shall have furnished the Agent with evidence that all taxes then due and payable, including without limitation, real estate taxes, with respect to the Property have been paid or will be paid as of the Effective Date;
Non-Construction Conditions Precedent. Lender’s obligation to fund the Initial Advance and thereafter to make any further disbursements of the Loan is conditioned upon Borrower’s delivery, performance and satisfaction of the following conditions precedent in form and substance satisfactory to Lender.