Condition Precedent definition

Condition Precedent means a policy term or condition upon which the Insurer's liability under the policy is conditional upon.
Condition Precedent means a policy term or condition upon which the Insurer’s liability under the policy is conditional upon.
Condition Precedent means a Policy term or condition upon which the Company’s liability under the Policy is conditional upon.

Examples of Condition Precedent in a sentence

  • Upon occurrence of a Licensee’s Default, Maha-Metro shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Security Deposit as Damages for such Licensee Default or failure to meet any Condition Precedent.

  • The completion of this form is considered a Condition Precedent for Execution of a Contract.

  • In the event, prior to the Closing, Purchaser (i) materially defaults in any manner under this Agreement or (ii) fails to proceed with the purchase of the Assets for any reason other than Seller’s default or failure of a Purchaser’s Condition Precedent, Seller shall have the right, exercisable by giving written notice to Purchaser within five (5) business days after the date Seller learns of such default (but in any event prior to the Closing), to terminate this Agreement.

  • The Project Owner shall, subject to the satisfaction of the Condition Precedent, pay the General Contractor a start-up advance in the amount of EUR2,256,063.06 (excluding VAT) (equivalent to approximately HK$18,544,838.35), which shall be subject to the provision of a personal and joint surety for the same amount by a banking institution in France.

  • Condition Precedent means a policy term or condition upon which the Insurer’s liability under the policy is conditional upon.


More Definitions of Condition Precedent

Condition Precedent means the condition precedent set out in clause 3.1 below;
Condition Precedent means one of the Conditions of Effectiveness listed in Sub-Clause 2.1 [Conditions of Effectiveness].
Condition Precedent means each of, or one of, the conditions set forth in Section 2.5(a)(i) through (iv) and “Conditions Precedent” shall refer to all of the conditions set forth in Section 2.5(a)(i) through (iv).
Condition Precedent means each of, or one of, the conditions set forth in Section 2.5(a)(i) through (v) and “Conditions Precedent” shall refer to all of the conditions set forth in Section 2.5(a)(i) through (iv).
Condition Precedent means the conditions set out in Article 4 hereof.
Condition Precedent means receipt by Homes England of the Legal Opinion;
Condition Precedent means the conditions set out in Article 3 hereof;