Condition Precedents definition

Condition Precedents shall have the meaning as set forth in Article 4.1.1; “CP Completion” means the fulfilment of all conditions precedent;
View Source
Condition Precedents means the conditions specified in Part 1 of Schedule 5.
View Source
Condition Precedents means the condition precedents to be satisfied or waived pursuant to the Agreement and which Completion is subject and conditional upon
View Source

Examples of Condition Precedents in a sentence

  • When the Capacity Condition is not met but all other Condition Precedents are met, the applicable Path Usages will be treated as the Access Holder’s Path Usages for the purposes of clause 5 and Schedule 3 of this agreement only.

  • This amount is not refundable in any circumstances except if the Concession Agreement is terminated due to Authority not being able to complete its Condition Precedents as per timelines mentioned in this Agreement and termination thereof as per terms of this Agreement.

  • When the Network Exit Capability Condition is not met but all other Condition Precedents are met, the applicable Path Usages will be treated as the Access Holder’s Path Usages for the purposes of clause 5 and Schedule 3 of this agreement only.

  • For the avoidance of doubt any Works carried out before the Condition Precedents are satisfied in accordance with this Clause shall be at the Grant Recipient’s risk.

  • In the event that either Party does not procure fulfilment of any or all of the Conditions Precedent set forth in Clause 4.1.2 or Clause 4.1.3 above, within the period specified in respect thereof, the Parties may mutually agree to extend the aforesaid period of 365 (three hundred and sixty five) days for fulfilment of the Condition Precedents by such further period not exceeding 5 (five) years, as they may deem appropriate.

  • Provided that the Concessionaire shall not have any right to claim fulfilment of Condition Precedents after expiry of the delay period of 90 days period, unless a waiver or extension is granted by the Authority.

  • The Closing shall take place as soon as is reasonably practical following the availability of the preliminary accounting from the December 31, 1996 audit and the satisfaction of all Condition Precedents.

  • Provided, however, in the event that each Conditions Precedent identified in Section 3.2 shall have not occurred by June 1, 2006 but shall have occurred prior to August 31, 2006, then the Term of this Agreement shall be deemed to have commenced on the first day of the month following the month in which the last of such Condition Precedents shall have occurred (“Effective Date”).

  • SoCalGas shall not commence any Services until it has received the executed Exhibit B and the Condition Precedents set forth in Section C below have been satisfied.

  • Seller’s Condition Precedents ...........................................................................................

Related to Condition Precedents

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

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.

  • Satisfaction shall be a determination, in good faith, made by the Contractor and in accordance with commonly accepted industry standards. If the Contractor, Client, or other responsible party delays in making any payment to the Contractor, from which payment to Subcontractor is to be made, Contractor and its sureties shall have a reasonable time to make payment to Subcontractor. “Reasonable time” shall be determined in relation to relevant circumstances, but shall in no event be less time than required for Contractor, Contractor’s sureties, and Subcontractor to pursue a conclusion to their legal remedies against the Client or other responsible party to obtain payment, including, but not limited to, mechanics’ lien remedies.

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.