1Conditions Clause Samples

The 'Conditions' clause sets out specific requirements or events that must be satisfied before certain obligations or rights under the contract become effective. Typically, this clause details what needs to occur—such as obtaining regulatory approvals, delivering necessary documents, or completing due diligence—before a party is required to perform its contractual duties. By clearly outlining these prerequisites, the clause ensures that both parties understand when their responsibilities commence, thereby reducing uncertainty and mitigating the risk of premature or unenforceable obligations.
1Conditions. The effectiveness of this Amendment is subject to satisfaction of the following conditions precedent: (a) The Administrative Agent shall have received executed counterparts of this Amendment from each party hereto. (b) The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent and its counsel, such other documents, opinions, certificates and instruments as the Administrative Agent shall reasonably require.
1Conditions. “Commercial Delivery of Power” shall be deemed to have occurred upon satisfaction of all of the following conditions: (a) The Plant has achieved Mechanical and Electrical Completion; (i) all critical testing has been completed; (ii) the Final Acceptance Performance Level has been achieved (or, in Owner’s sole discretion, if such performance level has not been achieved prior to the Outside Completion Date, Owner has agreed to accept, and Contractor has paid in full, Capacity Shortfall Liquidated Damages calculated in accordance with Section 11.3); and (iii) all operating procedures for safe operation including start‑up, shutdown and emergency response are in place; (c) The Plant has been synchronized in accordance with Section 10.2 of this Agreement; (d) The metering system shall have been installed and calibrated and shall be functioning accurately; (e) The Plant is capable of being operated safely, normally, reliably and continuously in accordance with the requirements of the Contract Documents at all operating conditions and modes specified in the Scope of Work (although minor portions of the Work not essential to its safe, continuous and reliable operation may remain to be completed); and (f) All Applicable Permits required for ownership and use of the Plant have been obtained as required by Applicable Law, and, to the extent applicable to commence commercial operation of the Plant, are in full force and effect, and Contractor shall have provided to Owner copies of all such Applicable Permits, together with evidence reasonably satisfactory to Owner that, to the extent applicable, the respective Government Authority or its representative has “signed off” or otherwise approved such Applicable Permit. Contractor shall provide a certificate to Owner, dated the date on which all of the above conditions have been satisfied, certifying as to completion of each of the items set forth in clauses (a) through (f) of this Section 10.5.1.
1Conditions. 3.1. 1Where an employee is granted leave of absence because of sickness or injury not arising out of and in the course of employment (in this clause referred to as "sick leave"), the employee shall be entitled to payments at the base rates (T1 only). 3.1. 2On appointment with the employer, a full time employee shall be entitled to five working days sick leave on ordinary pay (i.e. T1 rate). On completion of each subsequent six months, he/she shall be entitled to a further five working days, with a maximum entitlement of 260 working days. 3.1. 3The production of a medical certificate or other evidence of illness may be required. 3.1. 4Sick leave is to be debited on an hour for hour basis. 3.1. 5Part-time employees are entitled to sick leave on a pro rata basis but not less than the minimum provided for under the ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇. 3.1. 6Casual employees have no entitlement to sick leave.
1Conditions. The consummation of the Merger and the other transactions contemplated by this Agreement is subject to the satisfaction of the following conditions prior to or on the Effective Time:
1Conditions. This agreement is subject to the following conditions entered for the benefit of the Lenders: (a) final approval by each Lender's board (where the Lender is a company); (b) [the Lenders in their sole discretion and judgement being satisfied with all aspects of the Lenders' due diligence review of the Company; (c) finalisation of the Business Plan;
1Conditions. The effectiveness of this Amendment is subject to satisfaction of the following conditions precedent: (a) The Administrative Agent shall have received executed counterparts of this Amendment from each party hereto. (b) The Administrative Agent shall have received updated certificates of existence, good standing and fact, and any other organizational documents reasonably required by the Administrative Agent, including, without limitation, updated incumbency certificates to the extent necessary to reflect the authorized signatories hereto. (c) All fees and expenses of the Administrative Agent, including reasonable attorneys’ fees, shall have been paid in full. (d) The Administrative Agent shall have received a renewal fee equal to $15,000.00. (e) The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent and its counsel, such other documents, opinions, certificates and instruments as the Administrative Agent shall reasonably require.
1Conditions. Completion is conditional on the following conditions being satisfied: (a) completion of the Non-Manufacturing Business Carve-Out (the “Carve Out Condition”); (b) all Foreign Investment Clearances shall have been obtained (the “Foreign Investment Clearances Condition”); (c) [***]; and (d) no law, injunction, order, or decree of any Governmental Entity or court is in effect which temporarily or permanently prohibits or enjoins the consummation of Completion in whole or a material portion thereof, and no Sanctions applying to any party, nor any of the Hologen Investors or the Hologen Financing Providers, which have the effect of making unlawful, prohibiting, or otherwise restricting Completion or the performance by any party of its obligations under this Agreement (including, for the avoidance of doubt, circumstances where a transfer of shares in the Company is prohibited or otherwise restricted) (each of Section ‎4.1(a), Section ‎4.1(b), Section ‎4.1‎(c) and Section ‎4.1(d) a “Condition” and together the “Conditions”).

Related to 1Conditions

  • Specific Conditions If applicable, specific conditions required after a risk assessment will be included in Exhibit G. Grantee shall adhere to the specific conditions listed therein.

  • Conditions to Buyer’s Obligations The obligations of Buyer under this Agreement are subject to the fulfillment, prior to or on the Closing Date, of each of the following conditions, all or any of which may be waived by Buyer in writing, except as otherwise provided by law:

  • Conditions to Loan Section 3.1 Conditions to Funding of the Loan on the Closing Date......................................... 33

  • Conditions to Obligations OF EACH PARTY TO EFFECT THE MERGER. The respective obligations of each party to this Agreement to effect the Merger shall be subject to the satisfaction at or prior to the Effective Time of the following conditions:

  • Conditions to Loans The obligations of Lenders to make Loans are subject to satisfaction of all of the applicable conditions set forth below.