Condition Precedent definition

Condition Precedent means a policy term or condition upon which the Insurer's liability under the policy is conditional upon.
Condition Precedent means a Policy term or condition upon which the Company’s liability under the Policy is conditional upon.
Condition Precedent means each of, or one of, the conditions set forth in Section 2.5(a)(i) through (iv) and “Conditions Precedent” shall refer to all of the conditions set forth in Section 2.5(a)(i) through (iv).

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.


More Definitions of Condition Precedent

Condition Precedent means the condition precedent set out in clause 3.1 below;
Condition Precedent means a policy term or condition upon which Our liability under the Policy is conditional upon.
Condition Precedent means one of the Conditions of Effectiveness listed in Sub-Clause 2.1 [Conditions of Effectiveness].
Condition Precedent means the conditions set out in Article 4 hereof.
Condition Precedent means receipt by Homes England of the Legal Opinion;
Condition Precedent means the conditions set out in Article 3 hereof;
Condition Precedent means each of, or one of, the conditions set forth in Section 2.4(a)(i) through (iii) and “Conditions Precedent” shall refer to all of the conditions set forth in Section 2.4(a)(i) through (iii).