Common use of Seller’s Condition Precedent Clause in Contracts

Seller’s Condition Precedent. The Seller shall have obtained from the lawful authority all requisite sanctions, approvals, licenses and consents including those related to land acquisition, environment and forest clearance for development and operation of the Mine within months from the Date of execution of the contract or such other extended period as may be agreed to in writing and in accordance with the terms of this agreement.

Appears in 2 contracts

Samples: Model Coal Supply Agreement, westerncoal.in

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Seller’s Condition Precedent. 2.5.1.1 The Seller shall have obtained from the lawful authority all requisite sanctions, approvals, licenses and consents including those related to land acquisition, environment and forest clearance for development and operation of the Mine within …. months (as per Project Report) from the Date of execution of the contract or such other extended period as may be agreed to in writing and in accordance with the terms of this agreement. Seller shall have achieved Seller’s Financial Closure with respect to development and operation of the block identified in Schedule I to this Agreement.

Appears in 2 contracts

Samples: 103.59.142.250:8080, westerncoal.in

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