Satisfaction or Waiver of Conditions Precedent. There are no conditions precedent to the effectiveness of this Subsidiary Guaranty with regard to such Guarantor that have not been satisfied or waived.
Satisfaction or Waiver of Conditions Precedent. 5.2.1 The Parties shall make their best efforts to satisfy the aforesaid Conditions Precedent as soon as practicable. The Conditions Precedent described in Article 5.1 (excluding Article 5.1.8) can only be waived by the Buyer. The Conditions Precedent described in Article 5.1.8 can only be waived by the Sellers.
5.2.2 If the Conditions Precedent described in Article 4.1 fail to be satisfied or are not waived within thirty days from the day on which establishment of the Target Company is completed, either the Buyer or Sellers may terminate the Agreement after giving notice to the other Parties in writing. Neither Party has the right to request any indemnification against other Parties for such termination. The provisions set out in Articles 1, 5.2.3, 13 and 14.2 to 14.11 of the Agreement shall remain valid after the termination of the Agreement.
5.2.3 If the Conditions Precedent described in Article 5.1 have been fully satisfied or waived within thirty days after the day on which the establishment of the Target Company is completed and the Sellers (all Sellers as a Party) or the Buyer refuses to complete the Closing in accordance with the provisions set out in Article 6.
3.1. The Defaulting Party shall pay RMB ONE MILLION (1,000,000) to the other party as liquidated damages.
Satisfaction or Waiver of Conditions Precedent. (a) The parties acknowledge and agree that:
(i) the Condition Precedent in clause 3.2(a)(i) is for the benefit of the Developer and the State and can only be waived by the Developer by notice in writing to the State before the Conditions Precedent Sunset Date if the Development Consent as granted either:
(A) does not contain a State Unacceptable Condition; or
(B) contains a State Unacceptable Condition and the State agrees to the waiver of the Condition Precedent in its absolute discretion;
(ii) the Condition Precedent in clause 3.2(a)(ix) is for the benefit of the State and the Developer and can only be waived as agreed between the parties in writing before the Conditions Precedent Sunset Date; and
(iii) the Conditions Precedent (other than those referred to in clauses 3.4(a)(i) and 3.4(a)(ii)) are for the benefit of the Developer and can be waived by the Developer by notice in writing to the State before the Conditions Precedent Sunset Date.
Satisfaction or Waiver of Conditions Precedent. The conditions precedent under 5.2 are for the sole benefit of British Columbia and may be waived by British Columbia on notice to BC Hydro and DRFN. If either of the conditions precedent under 5.2(a) or 5.2(d) are not waived or satisfied from time to time, or there is a dispute between the Parties about whether they have been or remain satisfied, British Columbia’s obligation to transfer the Lands and develop recommendations for or implement the Land Management Measures will be suspended for the duration of such period, but will resume upon the satisfaction of the condition precedent by DRFN as determined by British Columbia in its discretion, or a determination by a court of competent jurisdiction that the condition precedent has been and remains satisfied as of the date of such determination.
Satisfaction or Waiver of Conditions Precedent. 3.1 The conditions precedent set out in subsections 2.1(a) and (c) are for the benefit of the City and may only be waived in writing by the City.
3.2 The condition precedent set out in subsection 2.1(b) is for the benefit of both the City and the Purchaser and may only be waived by mutual agreement in writing by both the City and the Purchaser, at each party’s absolute discretion.
3.3 The Purchaser’s Conditions referenced in subsection 2.1(d) and set out in Schedule “A” are for the sole benefit of the Purchaser and may only be waived in writing by the Purchaser.
3.4 It is understood and agreed that nothing contained in this Contract will be interpreted or deemed to xxxxxx the discretion of the Municipal Council of the City, its commissions, committees, boards, officers, officials or employees, including but not limited to with respect to the approval of the sale of the Property, the issuance of a development permit or any terms and conditions set out in this Contract.
Satisfaction or Waiver of Conditions Precedent. The Company must use its best efforts to satisfy the Conditions Precedent by the earlier of the Subscription Date and 30 November 2014 (or such later date as is agreed by the Majority of Noteholders and the Company) (Sunset Date).
Satisfaction or Waiver of Conditions Precedent. Assignee and Assignor hereby acknowledge and agree that all of the conditions specified in Section 11 of the Assignment have been satisfied or have been waived by each of them, respectively.
Satisfaction or Waiver of Conditions Precedent. The Parties shall use their best endeavours to procure that the Conditions Precedent are fulfilled on or before February 10, 2009 (or such later date as the Assignor and the Assignee may agree in writing). If all the Conditions Precedent are not fulfilled or waived by the respective Parties on or before February 10, 2009 (or such later date agreed above):
5.2.1.1.1 the provisions of this Agreement (other than Article 10, 11, 12, 17 and 20) shall cease to have effect (so that no Party shall have any liability under them) except in relation to a previous breach; and
5.2.1.1.2 no Party shall make (or permit any person to make) any announcement concerning this Agreement or any ancillary matter without the prior written consent of the other Party.
Satisfaction or Waiver of Conditions Precedent. The Parties agree and acknowledge that all of the Conditions Precedent (as amended by the terms of this Agreement, if applicable) have been satisfied or waived on or before execution of this Agreement.
Satisfaction or Waiver of Conditions Precedent. Buyer may waive in writing any of the conditions precedent set forth in Section 4.1, and SCE may waive in writing any of the conditions precedent set forth in Section 4.2. Neither Party shall have the right to waive the condition precedent set forth in Section 4.3. Subject to the foregoing, in the event that any of the conditions precedent set forth in this Section 4.1 or Section 4.2 have not been satisfied or waived on or before the Commencement Date or any Phase Closing Date (as the same may be extended), then the Party whose obligations are subject to such condition precedent shall have the right to rescind this Agreement ab initio upon written notice to the other Party, and SCE and Buyer shall thereupon return to the other Party all performances received from the other Party (except for the Severance Costs actually paid), and each Party shall be released from all other obligations under this Agreement, except those which expressly survive termination.
