Common use of Seller’s Condition Precedent Clause in Contracts

Seller’s Condition Precedent. 2.8.1.1 In respect of supply of Imported Coal: the Seller shall have (i) acquired a definitive right under a coal import agreement with its supplier of imported coal; and (ii) made all necessary arrangements for import of Coal including the necessary shipping and port arrangements for delivery of Imported Coal in accordance with the terms of this Agreement 2.8.1.2 In respect of supply of domestic Coal (Applicable only for a Purchaser for whom any coal block has been identified for supply of coal ): the Seller shall have (i) obtained from the lawful authority all requisite sanctions, approvals, licences and consents including those related to land acquisition, environment and forest clearance for development and operation of the coal block identified in Schedule I to this Agreement; and (ii) achieved Seller’s Financial Closure with respect to development and operation of the block identified in Schedule I to this Agreement.

Seller’s Condition Precedent. 2.8.1.1 In respect of supply of Imported Coal: the Seller shall have (i) acquired a definitive right under a coal import agreement with its supplier of imported coal; and (ii) made all necessary arrangements for import of Coal including the necessary shipping and port arrangements for delivery of Imported Coal in accordance with the terms of this Agreement 2.8.1.2 In respect of supply of domestic Coal (Applicable Coal(Applicable only for a Purchaser for whom any coal block has been identified for supply of coal ): ):the Seller shall have (i) obtained from the lawful authority all requisite sanctions, approvals, licences and consents including those related to land acquisition, environment and forest clearance for development and operation of the coal block identified in Schedule I to this Agreement; and (ii) achieved Seller’s Financial Closure with respect to development and operation of the block identified in Schedule I to this Agreement.