Common use of Purchaser’s Condition Precedent Clause in Contracts

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 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...