2Conditions Subsequent Clause Samples
The "Conditions Subsequent" clause defines specific events or requirements that must occur after a contract is executed for certain obligations to remain in effect. In practice, this clause might require a party to obtain regulatory approval or secure financing within a set timeframe after signing. If these conditions are not met, the contract or particular obligations within it may be terminated or become void. The core function of this clause is to allocate risk and provide a clear mechanism for unwinding the agreement if essential post-signing requirements are not fulfilled.
2Conditions Subsequent. The following conditions are required to be satisfied following the making of a particular Advance within the time period set forth below:
2Conditions Subsequent. 5.2. 1On the Closing Date, Healthy Extracts shall deposit the Note Security with the Escrow Agent.
2Conditions Subsequent. Owner acknowledges and agrees that after the execution and delivery of this Agreement by the parties hereto, Owner will do the following, promptly, as applicable (the “Conditions Subsequent”): (i) provide to Purchaser the Property’s ISBN; and (ii) provide to Purchaser a publisher’s release set forth on a form provided by the publisher of the work based on the Reserved Rights (defined below) as agreed by ▇▇▇▇▇▇▇▇▇ (“Publisher’s Release”).