Common use of SUSPENSIVE CONDITIONS Clause in Contracts

SUSPENSIVE CONDITIONS. The following suspensive conditions will apply to this Agreement: 1.6.1 The Buyer must provide authorization to enter into this Agreement for a 20- year period in accordance with the applicable provisions of the Municipal Finance Management Act, 56 of 2003 within a period of after conclusion of this agreement; 1.6.2 The Minister of Energy must issue the ministerial determination in terms of which the XxX can be the Buyer; 1.6.3 The Distributor must obtain a generation license, where required in terms of the relevant legislation; 1.6.4 The Seller must demonstrate Grid Compliance and technical feasibility in terms of the Grid Code through the initial studies; 1.6.5 The Seller must secure the land on which the plant has to be erected and provide proof of security of tenure of same; 1.6.6 The Seller must acquire all the necessary property rights in terms of zoning and permits; 1.6.7 The Seller must secure 100% funding for the project and provide proof of same in the form of a letter of credit or any other acceptable form from the financiers to the XxX; 1.6.8 The Seller must obtain all required environmental authorizations and other permits; 1.6.9 The Connection Agreement must signed within a period of. 1.6.10 The Buyer must comply with the requirements of Section 33 of the Local Government: Municipal Finance Management Act 56 of 2003.

SUSPENSIVE CONDITIONS. The following suspensive conditions will apply to this Agreement: 1.6.1 The Buyer must provide authorization to enter into this Agreement for a 20- year period in accordance with the applicable provisions of the Municipal Finance Management Act, 56 of 2003 within a period of after conclusion of this agreement; 1.6.2 The Minister of Energy must issue the ministerial determination in terms of which the XxX can be the Buyer; 1.6.3 The Distributor must obtain a generation license, where required in terms of the relevant legislation; 1.6.4 The Seller must demonstrate Grid Compliance and technical feasibility in terms of the Grid Code through the initial studies; 1.6.5 The Seller must secure the land on which the plant has to be erected and provide proof of security of tenure of same; 1.6.6 The Seller must acquire all the necessary property rights in terms of zoning and permits; 1.6.7 The Seller must secure 100% funding for the project and provide proof of same in the form of a letter of credit or any other acceptable form from the financiers to the XxX; 1.6.8 The Seller must obtain all required environmental authorizations and other permits; 1.6.9 The Connection Agreement must signed within a period ofof . 1.6.10 The Buyer must comply with the requirements of Section 33 of the Local Government: Municipal Finance Management Act 56 of 2003.

SUSPENSIVE CONDITIONS. The following suspensive conditions will apply to this Agreement: 1.6.1 The Buyer must provide authorization to enter into this Agreement for a 20- year period in accordance with the applicable provisions of the Municipal Finance Management Act, 56 of 2003 within a period of after conclusion of this agreement; 1.6.2 The Minister of Energy must issue the ministerial determination in terms of which the XxX can be the Buyer; 1.6.3 The Distributor must obtain a generation license, where required in terms of the relevant legislation; 1.6.4 The Seller must demonstrate Grid Compliance and technical feasibility in terms of the Grid Code through the initial studies; 1.6.5 The Seller must secure the land on which the plant has to be erected and provide proof of security of tenure of same; 1.6.6 The Seller must acquire all the necessary property rights in terms of zoning and permits; 1.6.7 The Seller must secure 100% funding for the project and provide proof of same in the form of a letter of credit or any other acceptable form from the financiers to the XxX; 1.6.8 The Seller must obtain all required environmental authorizations and other permits; 1.6.9 The Connection Agreement must signed within a period of. 1.6.10 The Buyer must comply with the requirements of Section 33 of the Local Government: Municipal Finance Management Act 56 of 2003.. 1.6.11

SUSPENSIVE CONDITIONS. The following suspensive conditions will apply to this Agreement: 1.6.1 The Buyer must provide authorization to enter into this Agreement for a 20- year period in accordance with the applicable provisions of the Municipal Finance Management Act, 56 of 2003 within a period of after conclusion of this agreement; 1.6.2 The Minister of Energy must issue the ministerial determination in terms of which the XxX can be the Buyer; 1.6.3 The Distributor must obtain a generation license, where required in terms of the relevant legislation; 1.6.4 The Seller must demonstrate Grid Compliance and technical feasibility in terms of the Grid Code through the initial studies; 1.6.5 The Seller must secure the land on which the plant has to be erected and provide proof of security of tenure of same; 1.6.6 The Seller must acquire all the necessary property rights in terms of zoning and permits; 1.6.7 The Seller must secure 100% funding for the project and provide proof of same in the form of a letter of credit or any other acceptable form from the financiers acceptable to the XxX; 1.6.8 The Seller must obtain all required environmental authorizations and other permits; 1.6.9 The Connection Agreement must signed within a period of. 1.6.10 The Buyer must comply with the requirements of Section 33 of the Local Government: Municipal Finance Management Act 56 of 2003.