Examples of Suspensive Condition in a sentence
The remainder of this Agreement shall come into force and effect on the fulfilment or waiver, as the case may be, of the Suspensive Condition.
If the Suspensive Condition is not fulfilled on or before the Loan Grant Date, then this Agreement shall lapse and be of no further force or effect.
So, for example, encryption is used so that none of the employees of Barion alone can access the secret key which allows for the decryption of card data.
Should the Purchaser for whatsoever reason not within the aforesaid time period provide to the Agent with the required proof that an application for bond financing was submitted by the Purchaser the Suspensive Condition referred to above shall be accepted as being waived by the Purchaser alternatively shall be deemed to be fulfilled.
The Suspensive Condition relating to the approval of the Transaction by the Central Bank will only apply in the event that (i) any of the authorizations requested by CGMP or Buyer to operate as closed payment arrangement institution or payment institution, as set forth by the Law No. 12,865 of October 9, 2013, as amended, is granted by the Central Bank on or before the Closing, and (ii) the authorization granted or the Applicable Law require the Central Bank’s approval.