Onerous Conditions definition
Examples of Onerous Conditions in a sentence
Notwithstanding the foregoing, nothing contained herein shall require any party, any of their respective Affiliates, UGC or any UGC Subsidiary to agree to any Onerous Conditions.
In particular, this includes satisfying the "Planning Condition", by the LLP obtaining a "Satisfactory Planning Permission" for the 'Site, being a planning permission which is free from both "Onerous Conditions" and any risk of legal challenge.
If Planning Permission is granted, the Developer is to notify the Council in writing within four weeks after the later of the Permission Date for the SW2 Enterprise Centre Planning Permission and the Permission Date for the Surplus Property Planning Application whether it considers that: the Planning Permission contains Surplus Property Onerous Conditions; or the Planning Permission is a Satisfactory Surplus Property Planning Permission.
Any approvals required under the HSR Act shall have been obtained, or the waiting period required thereby shall have expired or otherwise been terminated without the imposition of any Onerous Conditions, and no action shall have been taken or threatened in writing by the Department of Justice or the Federal Trade Commission (as applicable) challenging or seeking to enjoin the transactions contemplated under this Agreement.
Following the grant of a Listed Building Consent the Council may waive: its right to object to the terms of the Listed Building Consent because of the presence of any Onerous Condition(s) by serving written notice to this effect on the Developer; and the provisions of paragraph 2.2 of this Part 2 of the Schedule.