Common use of Non-fulfillment of Conditions Precedent Clause in Contracts

Non-fulfillment of Conditions Precedent. i. In the event that any of the Conditions Precedents relating to the Concessionaire have not been fulfilled within 6 0 (One Hundred and Eighty) days of the signing of the Agreement and unless, the Concessioning Authority has not waived them fully or partially, the 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 the Agreement and Concessioning Authority shall not be liable in any manner whatsoever to the Concessionaire or persons claiming through or under it. ii. In the event that the Concessionaire has fulfilled its Conditions Precedent and Concessioning Authority has not procured fulfillment of any or all of the Conditions Precedent set forth in Article 2.4

Appears in 5 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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