VTTM Approval Sample Clauses

VTTM Approval. VTTM Approval (as hereinafter defined) shall be a condition precedent to Buyer’s obligation to buy the Property. As used in this Agreement, “VTTM Approval” shall be deemed to occur when (a) Buyer’s VTTM has been approved (or, if applicable, re-approved) by Seller in accordance with all laws and required procedures, (b) all time periods for judicial challenges (including, but not limited to, any period for challenge under CEQA) to Seller’s approval of Buyer’s VTTM (and, if applicable, the VTTM Re-Approval (as defined below)) have passed without any judicial challenge having been filed, or if filed, the same has been resolved by (i) plaintiff’s/petitioner’s dismissal of such litigation with prejudice, or (ii) a final non-appealable judgment that is not subject to further judicial review upholding the VTTM Approval (or, if applicable, the VTTM Re-Approval) without modification of the VTTM Approval (or, if applicable, the VTTM Re-Approval). In the event that any VTTM Approval (or VTTM Re-Approval) is set aside by a final non-appealable judgment that is not subject to further judicial review, and Buyer’s VTTM has not expired, Seller and Buyer shall cooperate and use good faith efforts to promptly correct the error(s) identified in the final non-appealable judgment, to enable Seller to re-approve Buyer’s VTTM, (and, if approved, the “VTTM Re-Approval”), and within six (6) months of such final judgment, Buyer shall submit an amended VTTM for processing in accordance with all applicable laws and required procedures. In the event that the Buyer’s VTTM has expired or the error(s) identified in the final non-appealable judgment cannot be corrected by Buyer or Seller because Seller lacks the legal authority to do so, an automatic failure of the condition in this Section shall be deemed to have occurred, in which case Buyer and Seller shall each have the right to terminate this Agreement by written notice delivered to the other party and to Escrow Holder, and thereupon the Escrow Deposit shall be returned to Buyer by Escrow Holder, and to the extent previously released to Seller, by Seller, and the parties shall have no further obligations under this Agreement (except for those provisions that expressly survive any termination of this Agreement, including this provision).
Sample 1
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VTTM Approval. VTTM Approval (as hereinafter defined) shall be a condition precedent to Buyer’s obligation to buy the Property. As used in this Agreement, “VTTM Approval” shall be deemed to occur when (a) Buyer’s VTTM has been approved (or, if applicable, re-approved) by Seller in accordance with all laws and required procedures, and (b) all time periods for judicial challenges (including, but not limited to, any period for challenge under CEQA) to Seller’s approval (or re-approval, if applicable) of Buyer’s VTTM have passed without any judicial challenge having been filed, or if filed, the same has been resolved by (i) plaintiff’s/petitioner’s dismissal of such litigation with prejudice, or (ii) a final non-appealable judgment that is not subject to further judicial review upholding the VTTM Approval without modification of the VTTM Approval. In the event that any VTTM Approval is set aside by a final non-appealable judgment that is not subject to further judicial review, Seller and Buyer shall cooperate and use good faith efforts to promptly correct the error(s) identified in the final non- appealable judgment, to enable Seller’s re-approval of Buyer’s VTTM within three (3) months of such final judgment.
Sample 1
VTTM Approval. VTTM Approval (as hereinafter defined) shall be a condition precedent to Buyer’s obligation to buy the Property. As used in this Agreement, “VTTM Approval” shall be deemed to occur when (a) Buyer’s VTTM has been approved (or, if applicable, re-approved) by Seller in accordance with all laws and required procedures, (b) all conditions of approval imposed by Seller to its approval of the VTTM have been approved by Buyer in writing (which approval may be withheld in Buyer’s commercially reasonable discretion) and a copy of Buyer’s written approval has been deposited with Escrow Holder; and
Sample 1

Related to VTTM Approval

  • FAA APPROVAL This Agreement may be subject to approval of the FAA. If the FAA disapproves this Agreement, it will become null and void, and both Parties will bear their own expenses relative to this Agreement, up to the date of disapproval.

  • FERC Approval Notwithstanding any other provision of this Appendix 2, no termination hereunder shall become effective until the Interconnected Entities and/or Transmission Provider have complied with all Applicable Laws and Regulations applicable to such termination, including the filing with the FERC of a notice of termination of the Interconnection Service Agreement, and acceptance of such notice for filing by the FERC.

  • Prior Approval The Engineer shall not assign, subcontract or transfer any portion of professional services related to the work under this contract without prior written approval from the State.

  • Project Approval The County may issue a Job Order Authorization for the Work, to include the firm-fixed-price of the Job Order and the project duration. Contractor agrees that all clauses of this Contract are applicable to any Job Order issued hereunder. The County reserves the right to reject a Contractor’s Quote based on unjustifiable quantities and/or methods, performance periods, inadequate documentation, or other inconsistencies or deficiencies on the Contractor’s part in the sole opinion of the County. The County reserves the right to issue a unilateral Job Order authorization for the Work if a Quote price cannot be mutually agreed upon. This is based upon unjustifiable quantities in the sole opinion of the County. The County also reserves the right to not issue a Job Order Authorization if the County’s requirement is no longer valid or the project is not funded. In these instances, the Contractor has no right of claim to recover Quote expenses. The County may pursue continuing valid requirements by other means where Contract was not reached with the Contractor.

  • ROAD WORK PHASE APPROVAL Purchaser shall obtain written approval from the Contract Administrator upon completion of each of the following phases of road work:  Drainage installation  Subgrade compaction  Rock compaction SUBSECTION RESTRICTIONS

  • AGREEMENT APPROVAL This agreement constitutes the entire agreement between the parties and supersedes any previously executed agreements, representations, verbal or written, to buy and/or sell the property. Neither this agreement, nor any interest herein, shall be transferred or assigned by Buyer without the prior written consent of Seller.

  • Course Approval Approval for dual credit shall be by the LEA and POSTSECONDARY INSTITUTION representatives on a course-by-course basis each semester based on the student’s prior coursework, career pathway, and/or academic readiness. There is no state limit to the number of credits a student may earn through dual credit in an academic term; however, the student must meet eligibility requirements.

  • Approval/Non-Approval We will notify you whether your Application has been approved or denied within 14 days after the date we receive a completed Application. Notification may be in person or by mail or telephone unless you have requested that notification be by mail. You must not assume approval until you receive actual notice of approval. The 14-day time period may be changed only by separate written agreement.

  • New Project Approval Consultant and District recognize that Consultant’s Services may include working on various projects for District. Consultant shall obtain the approval of District prior to the commencement of a new project.

  • Seller’s Approval Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section IV(c) regarding the financial institution, type of financing, or allocation of closing costs; and

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