Common use of Satisfaction of Clause in Contracts

Satisfaction of. conditions All acts, conditions and things required to be done and satisfied and to have happened prior to the execution and delivery of the Security Documents in order to constitute the Security Documents the legal, valid and binding obligations of the Security Parties in accordance with their respective terms have been done, satisfied and have happened in compliance with all applicable laws.

Satisfaction of. conditions All acts, conditions and things required to be done and satisfied and to have happened by the Security Parties prior to the execution and delivery of the Security Documents in order to constitute the Security Documents the legal, valid and binding obligations of the Security Parties in accordance with their respective terms have been done, done and satisfied and have happened in compliance with all applicable laws.