Common use of Terminal Dates for Conditions Precedent Clause in Contracts

Terminal Dates for Conditions Precedent. (a) The terminal date for meeting the conditions specified in Section 5.1 is [ ] days from the date of this Agreement or such later date as USAID may agree to in writing before or after the above terminal date. If the conditions precedent in Section 5.1 have not been met by the above terminal date, USAID, at any time, may terminate this Agreement by written notice to the Grantee. [If there is a terminal date(s) for conditions precedent to additional disbursement insert the following:] (b) The terminal date for meeting the conditions specified in Section 5.2 is [ ] days from the date of this Agreement or such later date as USAID may agree to in writing before or after the above terminal date. If the conditions precedent in Section 5.2 have not been met by the above terminal date, USAID, at any time, may cancel the undisbursed balance of the Grant, to the extent not irrevocably committed to third parties, and terminate this Agreement by written notice to the Grantee.

Terminal Dates for Conditions Precedent. (a) The terminal date for meeting the conditions specified in Section 5.1 is [ ] days from the date of this Agreement or such later date as USAID may agree to in writing before or after the above terminal date. If the conditions precedent in Section 5.1 have not been met by the above terminal date, USAID, at any time, may terminate this Agreement by written notice to the GranteeRecipient. [If there is a terminal date(s) for conditions precedent to additional disbursement disbursement, insert the following:] (b) The terminal date for meeting the conditions specified in Section 5.2 is [ ] days from the date of this Agreement or such later date as USAID may agree to in writing before or after the above terminal date. If the conditions precedent in Section 5.2 have not been met by the above terminal date, USAID, at any time, may cancel the undisbursed balance of the GrantAgreement, to the extent not irrevocably committed to third parties, and terminate this Agreement by written notice to the GranteeRecipient.