Payment preconditions Sample Clauses

Payment preconditions. The Ministry is not required to make any payments under this Agreement until the following conditions have been satisfied (in the Ministry’s sole discretion): (a) in relation to each Instalment (except the First Instalment), the Recipient has provided the Ministry with copies of the GST invoices for all payments over $1,000 paid by the Recipient to third parties using the previous Instalment; (b) the Recipient has provided a valid GST invoice for the Instalment; (c) the Recipient has delivered all monthly reports required under clause 7 to the Ministry’s satisfaction; (d) the Recipient is not in breach of any provision of this Agreement; and (e) the Ministry (acting through the Provincial Development Unit) is satisfied in its sole discretion that: i. the Project is progressing as approved; and ii. the Funding has been applied in accordance with its expectations, including pursuant to discussions with the Recipient.
Sample 1Sample 2Sample 3See All (4)
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Payment preconditions. The Ministry is not required to make any payments under this Agreement until the following conditions have been satisfied (in the Ministry’s sole discretion): (a) in relation to each Instalment (except the First Instalment), the Recipient has provided the Ministry with copies of the GST invoices for all payments over $1,000 paid by the Recipient to third parties using the previous Instalment; (b) the Recipient has provided a valid GST invoice for the Instalment; (c) the Recipient provides a certificate (or similar) signed by the relevant construction contractor which: (i) certifies the progress of the Project; (ii) certifies the costs incurred by the Recipient; (iii) certifies the Project is on track to be completed by the Completion Date; (iv) notifies the Ministry of any variations to the relevant construction contract; and (v) provides the cost to complete the Project; (d) the Recipient has delivered all Monthly Reports required under clause 5 of Schedule 2 to the Ministry’s satisfaction; (e) the Recipient is not in breach of any provision of this Agreement; and (f) the Ministry is satisfied in its sole discretion that: (i) the Project is progressing as approved; and (ii) the Funding has been applied in accordance with clause 4 of this Schedule, including pursuant to any discussions with the Recipient.
Sample 1See All (4)
Payment preconditions. A precondition to the Owner making any payment under this Agreement: (a) is that all policies of insurance set out in Section 18.1 are in full force and effect and Owner shall have been provided with certificates of insurance in accordance with Section 18.2.1 which continue to be valid; (b) in respect of all or any part of the Components, is that such Components have been delivered to the Job Site or appropriately and effectively identified as property of the Owner, and the Contractor shall, at the request of the Owner, provide satisfactory evidence that this precondition has been met; and (c) is that each payment will be paid to a segregated account established and controlled by the Contractor for this Agreement and from which the Contractor shall make all payments for Work performed.
Sample 1Sample 2Sample 3
Payment preconditions. Xxxxxxxxx Innovation is not required to make any payment under this Agreement until the following conditions have been satisfied (at Xxxxxxxxx Innovation's sole discretion): (a) you have provided Xxxxxxxxx Innovation with satisfactory evidence of payments made to the Student by way of payslips, which clearly display the hours and hourly rate at the time of claiming the Funding; (b) you have provided Xxxxxxxxx Innovation with the Final Report on the Student's involvement in the Project as set out in clause 5(c); (c) you have provided Xxxxxxxxx Innovation with a Valid Tax Invoice in accordance with clause 2.3 (b) below; (d) you are not in breach of any provision of this Agreement; and (e) Xxxxxxxxx Innovation is satisfied that the Project is progressing as approved.
Sample 1
Payment preconditions. The Ministry is not required to make any payments under this Agreement until the following conditions have been satisfied (in the Ministry’s sole discretion): (a) in relation to each Instalment (except the First Instalment), the Recipient has provided the Ministry with copies of the GST invoices for all payments over $1,000 paid by the Recipient to third parties using the previous Instalment; (b) the Recipient has provided a valid GST invoice for the Instalment; (c) in relation to each Instalment (except the First Instalment), the Recipient has delivered all monthly reports required under clause 7 to the Ministry’s satisfaction; (d) the Recipient is not in breach of any provision of this Agreement; and (e) in relation to each Instalment (except the First Instalment), the Ministry (acting through the Provincial Development Unit) is satisfied in its sole discretion that: i. the Project is progressing as approved; and ii. the Funding has been applied in accordance with its expectations, including pursuant to discussions with the Recipient.
Sample 1

Related to Payment preconditions

  • Preconditions The payment of any amounts due under this Section 7 and Section 8 below, if applicable, shall be subject to and conditioned upon prior receipt by the Corporation of a separation agreement containing a valid waiver and release by Executive, in a form provided by the Corporation, of any and all claims Executive may have against the Corporation, the Bank and their Affiliates, or their then current or former officers, directors, or employees. Further, Executive must reaffirm and comply with the restrictions contained in Sections 13-16 this Agreement which survive termination of employment.

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF DEVELOPER The obligations of Developer under this Agreement are conditioned upon the following:

  • Conditions Precedent to Obligations of Each Party The obligations of each Party to effect the Merger and otherwise consummate the Contemplated Transactions to be consummated at the Closing are subject to the satisfaction or, to the extent permitted by applicable Law, the written waiver by each of the Parties, at or prior to the Closing, of each of the following conditions:

  • Conditions Precedent to All Advances (a) Each Advance under this Agreement and each reinvestment of Principal Collections pursuant to Section 2.7(d) (each, a “Transaction”) shall be subject to the further conditions precedent that: (i) with respect to (A) any Loan Advance, the Collateral Manager shall have delivered to the Administrative Agent (with a copy to the Collateral Custodian) no later than 3:00 p.m. one (1) Business Day prior to the related Funding Date or (B) any Swingline Advance, the Collateral Manager shall have delivered to the Administrative Agent (with a copy to the Collateral Custodian) no later than 3:00 p.m. on the related Funding Date: (1) the documents required by Section 2.2(b) and a Loan Schedule; and (2) a Certificate of Assignment substantially in the form of Exhibit F containing such additional information as may be reasonably requested by the Administrative Agent and each Lender; (ii) with respect to any reinvestment of Principal Collections permitted by Section 2.7(d), the Collateral Manager shall have delivered to the Administrative Agent (with a copy to the Collateral Custodian), no later than 3:00 p.m. on the Business Day prior to any such reinvestment, a Reinvestment Notice in the form of Exhibit A-3 and a Borrowing Base Certificate, executed by the Collateral Manager and the Borrower; (b) On the date of such Transaction the following shall be true and correct and the Borrower and the Collateral Manager shall have certified in the related Borrower’s Notice that all conditions precedent to the requested Transaction have been satisfied and shall thereby be deemed to have certified that: (i) The representations and warranties contained in Section 4.1 and Section 4.2 are true and correct in all respects on and as of such day as though made on and as of such day and shall be deemed to have been made on such day (other than any representation and warranty that is made as of a specific date); (ii) No event has occurred, or would result from such Transaction or from the application of proceeds thereof, that constitutes an Event of Default, Default or Collateral Manager Default; (iii) On and as of such day, after giving effect to such Transaction, the Availability is greater than or equal to zero; (iv) On and as of such day, the Borrower and the Collateral Manager each has performed all of the covenants and agreements contained in this Agreement to be performed by such Person on or prior to such day; (v) No Applicable Law prohibits or enjoins the making of such Advance by any Lender or the proposed reinvestment of Principal Collections; and (vi) No Curable BDC Asset Coverage Event has occurred and is continuing. (c) The Revolving Period End Date with respect to the all the Commitments or the Termination Date shall not have occurred; (d) On the date of such Transaction, the Administrative Agent shall have received such other approvals, opinions or documents as the Administrative Agent may reasonably require; (e) The Borrower and Collateral Manager shall have delivered to the Administrative Agent all reports required to be delivered as of the date of such Transaction including, without limitation, all deliveries required by Section 2.2; (f) The Borrower shall have paid all fees then required to be paid and, without duplication of Section 2.11, shall have reimbursed the Lenders, the Collateral Custodian and the Administrative Agent for all fees, costs and expenses then required to be paid of closing the transactions contemplated hereunder and under the other Transaction Documents, including the reasonable attorney fees and any other legal and document preparation costs incurred by the Lenders, the Collateral Custodian and the Administrative Agent; (g) The Borrower shall have received a copy of the related Approval Notice; and (h) In connection with each Transaction, the Borrower shall have delivered to the Collateral Custodian (with a copy to the Administrative Agent) on the date of the related Transaction, an emailed copy of the duly executed original promissory notes for each such Loan in respect of which a promissory note is issued (or, in the case of any Noteless Loan, a fully executed assignment agreement), and, if any Loans are closed in escrow, a certificate (in the form of Exhibit J) from the closing attorneys of such Loan confirming the possession of the Required Loan Documents; provided that, notwithstanding the foregoing, the Borrower shall cause the Loan Checklist and the Required Loan Documents to be in the possession of the Collateral Custodian within ten (10) Business Days of any related Advance Date with respect to any Loan. The failure of the Borrower to satisfy any of the foregoing conditions precedent in respect of any Advance shall give rise to a right of the Administrative Agent, which right may be exercised at any time on the demand of the Required Lenders, to rescind the related Advance and direct the Borrower to pay to the Administrative Agent for the benefit of the Lenders an amount equal to the Advances made during any such time that any of the foregoing conditions precedent were not satisfied.

  • Conditions to Xxxxx’x Obligations The obligations of Xxxxx hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by Xxxxx of a due diligence review satisfactory to Xxxxx in its reasonable judgment, and to the continuing satisfaction (or waiver by Xxxxx in its sole discretion) of the following additional conditions:

  • Conditions to Obligation of Each Party to Effect the Merger. The respective obligations of each party to effect the Merger shall be subject to the satisfaction at or prior to the Effective Time of the following conditions:

  • Conditions Precedent to the Obligations of the Company to sell Shares at the Closing. The Company’s obligation to sell and issue to the Purchaser the Allocated Shares at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

  • Conditions Precedent to the Obligation of the Company to Close and to Sell the Securities. The obligation hereunder of the Company to close and issue and sell the Securities to the Purchasers at the Closing Date is subject to the satisfaction or waiver, at or before the Closing of the conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER The obligation of Seller to consummate the transactions contemplated by this Agreement shall be subject to the satisfaction, on or before the Closing Date hereunder, of each of the following conditions, all or any of which may be waived, in whole or in part, by Seller.

  • Conditions to Agent’s Obligations The obligations of the Agent hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by the Agent of a due diligence review satisfactory to it in its reasonable judgment, and to the continuing satisfaction (or waiver by the Agent in its sole discretion) of the following additional conditions:

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