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;
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Condition Precedents means the condition precedents to be satisfied or waived pursuant to the Agreement and which Completion is subject and conditional upon
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Condition Precedents means the conditions specified in Part 1 of Schedule 5.
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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.

  • 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.

  • The effective date of the Disposal will be the date on which all Condition Precedents have been fulfilled and the transfer date will be the date of registration of transfer of ownership of the Property.

  • 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 consultant will recommend the key bid parameters and make strategic recommendations towards the best suited terms and Condition Precedents (CPs) of the bid contract agreement which will address the requirements of the Clients.

  • These are not Condition Precedents to the Transaction, but even if these do not occur, the Provident MOU allows for the transfer of One Asia’s interest to a nominated entity that is able to hold such equity.PT PETS is the relevant entity holding the Pani IUP for the purposes of Indonesian local ownership requirements, with the KUD’s local ownership of 51% sufficient to satisfy the local ownership requirements.

  • In the event the reason for delay in fulfilling Condition Precedents are beyond the control of the Developer, NRDA shall providing extension of time upto a maximum of 6 months without levying any penalty.

  • The Parties undertake to cooperate and use their commercially reasonable efforts to take (or cause to be taken) and to carry out (or cause to be carried out) all actions necessary or reasonably useful to satisfy the Condition Precedents as promptly as feasible.

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.

  • Environmental and Social Commitment Plan or “ESCP” means the environmental and social commitment plan for the Project, dated May 5, 2023, as the same may be amended from time to time in accordance with the provisions thereof, which sets out the material measures and actions that the Recipient shall carry out or cause to be carried out to address the potential environmental and social risks and impacts of the Project, including the timeframes of the actions and measures, institutional, staffing, training, monitoring and reporting arrangements, and any environmental and social instruments to be prepared thereunder.

  • 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.

  • Obstetric condition means a condition that is listed under Group T4 (Obstetrics) in the Medicare Benefits Schedule.

  • Specified Conditions means, at any time of determination thereof, (a) no Incremental Term Loans in the form of an institutional term loan B facility have been issued and are outstanding pursuant to Section 2.20 of the Credit Agreement and (b) (i) the Company’s “corporate credit rating” from S&P (or such other term as S&P may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “S&P Rating”) shall be at least BBB- (with a stable outlook) and the Company’s “corporate family rating” from Xxxxx’x (or such other term as Xxxxx’x may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “Xxxxx’x Rating”) shall be at least Baa3 (with a stable outlook) or (ii) (x) the Company’s S&P Rating shall be at least BBB- (with a stable outlook) or the Company’s Xxxxx’x Rating shall be at least Baa3 (with a stable outlook) and (y) the Leverage Ratio is less than or equal to 2.50 to 1.00.

  • Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13.

  • We Are Committed To Your Satisfaction If you are not completely satisfied with XOOM’s Variable Rate plan for any reason, please contact us. If we are unable to resolve your concern to your full satisfaction, you may terminate this Contract, in accordance with its terms.

  • Satisfaction Date has the meaning set forth in Section 2.6.

  • Prerequisite means a condition of enrollment that a student is required to meet in order to demonstrate current readiness for enrollment in a course or educational program.

  • Notice of Dissatisfaction means the notice given by either Party to the other indicating its dissatisfaction and intention to commence arbitration.

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Pre commencement condition means a condition imposed on the grant of permission which must be complied with: before any building/ other operation/ or use of the land comprised in the development is begun.

  • Conditions means these terms and conditions;

  • Practical Completion means the completion of the Project where the building is fit for occupancy and/or purpose.

  • Condition of the Company means the assets, business, properties, operations or condition (financial or otherwise) of the Company and its Subsidiaries, taken as a whole.

  • Unsatisfactory The Educator's performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator's performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • As low as is reasonably achievable (ALARA) means making every reasonable effort to maintain exposures to radiation as far below the dose limits in these regulations as is practical, consistent with the purpose for which the licensed or registered activity is undertaken, taking into account the state of technology, the economics of improvements in relation to state of technology, the economics of improvements in relation to benefits to the public health and safety, and other societal and socioeconomic considerations, and in relation to utilization of nuclear energy and licensed or registered sources of radiation in the public interest.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Life-threatening condition means any disease or condition from which the likelihood of death is probable unless the course of the disease or condition is interrupted.

  • Extension Conditions Defined in Section 3.06(a).

  • Qualifying medical condition means seizure disorder,

  • Conditional approval means a time-limited status that results when an approved nursing education program has failed to maintain requirements as set forth in this chapter.