Purchaser’s Condition Precedent. 2.8.2.1 The Purchaser shall have obtained from the lawful authority all necessary clearances, authorisations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant
2.8.2.2 Purchaser shall have placed order for the procurement of main package (Boiler, Turbine, Generator) for the Power Plant.
2.8.2.3 The Purchaser shall have completed the construction, as per the implementation schedule specified in detailed project report/ techno-economic feasibility report submitted during the validity of Letter of Assurance (LoA), and the completion of such construction along with readiness of the power plant for lighting up has been certified by the competent authority under the relevant statute..
Purchaser’s Condition Precedent. 2.8.2.1 The Purchaser shall have obtained from the lawful authority all necessary clearances, authorisations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant.
2.8.2.2 The Purchaser shall have completed the construction and the completion of such construction along with readiness of the power plant for lighting up has been certified by an Independent Engineer within the Condition Precedent Period.
Purchaser’s Condition Precedent. The Purchaser shall have obtained from the lawful authority all necessary clearances, authorizations, approvals and permissions required for construction, commissioning, operation and maintenance of the Plant
Purchaser’s Condition Precedent. The obligation of Purchaser to purchase Vendor’s interest in and to the Assets and is subject to the following conditions precedent, which are for the exclusive benefit of Purchaser and may be waived by Purchaser in the manner herein provided for notice under clauses 10.1 (a) (i) or (ii).
(a) except as approved in writing by Purchaser, from the date of this Agreement to the Closing Date, there shall have been no material, adverse damage or change to the Assets (including, but not limited to, any significant amendment to any agreement or instrument forming a part of them) that would have a material adverse effect on the aggregate value of the Assets;
(b) on or before Closing Date Purchaser shall be satisfied that there are no defects in the physical condition of the Tangibles that would have a material adverse effect on the aggregate value of the Assets;
(c) the representations and warranties of Vendor shall be true and correct in all material respects when made and as of the Closing Date and a Certificate to that effect shall have been delivered by Vendor to Purchaser at Closing;
(d) all obligations of Vendor contained in this Agreement to be performed prior to or at Closing shall have been timely performed in all material respects and a Certificate to that effect shall have been delivered by Vendor to Purchaser at Closing; If any one or more of the preceding conditions precedent is not satisfied or waived by Purchaser in the manner provided for herein for waiver at or before Closing, Purchaser may rescind this Agreement by written notice to Vendor and, in such event, Vendor shall be released and discharged from all obligations hereunder except as provided in clause 10.2.
Purchaser’s Condition Precedent. 1 The Purchaser shall have obtained from the lawful authority all necessary clearances, authorisations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant 2 Purchaser shall have placed order for the procurement of main package (Boiler, Turbine, Generator) for the Power Plant. 3 The Purchaser shall have completed the construction of at least fifty percent (50%) of the Plant, as per the implementation schedule specified in detailed project report/ techno-economic feasibility report submitted during the validity of Letter of Assurance (LoA), and the completion of such fifty percent (50%) construction has been certified by an Independent Engineer within the Condition Precedent Period.
Purchaser’s Condition Precedent. 2.8.2.1 The Purchaser shall have obtained from the lawful authority all necessary clearances, authorisations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant
2.8.2.2 The Purchaser shall have completed the construction and the completion of such construction along with readiness of the power plant for lighting up has been certified by an Independent Engineer within the Condition Precedent Period..
2.8.2.3 Applicable to Purchaser who has signed FSA without entering into long-term PPA : The Purchaser shall have to furnish the long term Power Purchase Agreements (PPA) either directly with Distribution Companies (DISCOMs) or through Power Trading Company (ies) (PTC) who has / have signed back to back PPA(s) (long-term) with DISCOMs within the Condition Precedent (CP) period as per clause 2.8.3.1.
Purchaser’s Condition Precedent. The Purchaser’s obligation to complete the transaction contemplated by this Agreement is subject to the satisfaction of the following conditions precedent:
(a) on or before [date], the Purchaser will be satisfied, in its absolute discretion, with the results of its due diligence investigations with respect to the environmental condition of the Road. In consideration of $10.00 non-refundable paid by the Purchaser to the City and other good and valuable consideration, the receipt and sufficiency of which are acknowledged by the City, the City agrees to remain bound by the terms and conditions of this Agreement while it remains subject to the condition precedent under this section. If the Purchaser does not give the City notice of its satisfaction or waiver of this condition precedent within the time provided herein, this Agreement will automatically terminate.
Purchaser’s Condition Precedent. The obligation of Purchaser to close on the transaction contemplated herein shall be conditioned upon each of the following conditions precedent:
Purchaser’s Condition Precedent. The obligation of the Purchaser to complete the acquisition of the Assets pursuant hereto is subject to the following condition being fulfilled or waived prior to or at Closing: The Purchaser shall be furnished with the items which the Vendor is to deliver at Closing pursuant to clause 5(a). The foregoing condition shall be for the exclusive benefit of the Purchaser and may be waived by it in writing in whole or in part.
Purchaser’s Condition Precedent. Purchaser shall not be required to purchase the Property unless the following condition precedent has been satisfied on or before the Closing Date:
A. Seller shall satisfy all requirements of the City of Xxxxx Springs (the “City”), including without limitation the matters set forth in the letter from the City to Seller dated March 1, 2011, so that the approximately 2.082 acre stormwater detention pond located on the Property and described as Tract Two in Exhibit B attached hereto (the “Detention Pond”) meets all of the requirements of the City and any other governmental agency with authority over or responsibility for the Detention Pond. If Seller fails to satisfy the condition precedent set forth in this Section IX A on or before the Closing Date, Purchaser may elect to (i) terminate this Agreement and receive a full refund of the Deposit from Escrow Agent, and thereafter this Agreement shall be null and void and of no further force or effect, and neither Purchaser nor Seller shall have any further rights, duties, liabilities or obligations to the other by reason hereof except for the Inspection Indemnity (defined in Section XIII A below); or (ii) waive such objections and consummate the transaction contemplated herein without reduction of the Purchase Price.
