Common use of Obligation to satisfy Conditions Precedent Clause in Contracts

Obligation to satisfy Conditions Precedent. (a) Each Party shall make all reasonable endeavours at its respective cost and expense to comply in full with the Conditions Precedent relating to it within a period of 180 (one hundred and eighty) Days from the Execution date, or any extension agreed to between the Parties. (b) The later of the dates within such 180 (one hundred and eighty) Days when the Authority and the Concessionaire fulfil their respective Conditions Precedent (unless Authority waives the same for the Concessionaire) shall be the date from which the obligations of the Parties hereunder shall commence (the “Compliance Date”).

Appears in 4 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Obligation to satisfy Conditions Precedent. (a) Each Party shall make all reasonable endeavours at its respective cost and expense to comply in full with the Conditions Precedent relating to it within a period of 180 (one hundred and eighty) Days days from the Execution date, or any extension agreed to between the Parties. (b) The later of the dates within such 180 (one hundred and eighty) Days days when the Authority and the Concessionaire fulfil their respective Conditions Precedent (unless Authority waives the same for the Concessionaire) shall be the date from which the obligations of the Parties hereunder shall commence (the “Compliance Date”)) except payment of Lease Rentals by the Concessionaire.

Appears in 3 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Obligation to satisfy Conditions Precedent. (a) Each Party shall make all reasonable endeavours at its respective cost and expense to comply in full with the Conditions Precedent relating to it within a period of 180 (one hundred and eighty) Days from the Execution date, or any extension agreed to between the Parties. (b) The later of the dates within such 180 (one hundred and eighty) Days when the Grantor / Authority and the Concessionaire fulfil their respective Conditions Precedent (unless Grantor / Authority waives the same for the Concessionaire) shall be the date from which the obligations of the Parties hereunder shall commence (the “Compliance Date”).

Appears in 1 contract

Samples: Concession Agreement

Obligation to satisfy Conditions Precedent. (a) Each Party shall make all reasonable endeavours at its respective cost and expense to comply in full with the Conditions Precedent relating to it within a period of 180 (one hundred and eighty) Days days from the Execution date, or any extension agreed to between the Parties. (b) The later of the dates within such 180 (one hundred and eighty) Days days when the Authority and the Concessionaire fulfil their respective Conditions Precedent (unless Authority waives the same for the Concessionaire) shall be the date from which the obligations of the Parties hereunder shall commence (the “Compliance Date”).

Appears in 1 contract

Samples: Concession Agreement

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Obligation to satisfy Conditions Precedent. (a) Each Party shall make all reasonable endeavours at its respective cost and expense to comply in full with the Conditions Precedent relating to it within a period of 180 90 (one hundred and eightyninety) Days days from the Execution date, or any extension agreed to between the Parties. (b) The later of the dates within such 180 90 (one hundred and eightyninety) Days days when the Authority and the Concessionaire Licensee fulfil their respective Conditions Precedent (unless Authority waives the same for the ConcessionaireLicensee) shall be the date from which the obligations of the Parties hereunder shall commence (the “Compliance Date”).

Appears in 1 contract

Samples: License Agreement

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