Examples of Condition Precedent in a sentence
Appropriation of Performance Security Upon occurrence of a Concessionaire Default or failure to meet any Condition Precedent, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate from the Performance Security the amounts due to it for and in respect of such Concessionaire Default or for failure to meet any Condition Precedent.
An Option may only be Exercised subject to and conditional upon the performance or fulfilment of the Options Condition Precedent and within the period of six (6) months from the date of the allotment and issuance of the First Tranche Placement Shares (“Options Exercise Period”).
Upon occurrence of a Concessionaire Default or failure to meet any Condition Precedent, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate from the Performance Security the amounts due to it for and in respect of such Concessionaire Default or for failure to meet any Condition Precedent.
The requirement of submitting the Additional Performance Security shall be a Condition Precedent.
Determination of an award shall be a Condition Precedent to Any Liability or right of action against MediCard.