Agreement is Conditional Clause Samples
The "Agreement is Conditional" clause establishes that the validity or effectiveness of the contract depends on the occurrence of certain specified events or conditions. In practice, this means that the parties are not fully bound by the agreement until these conditions are met, such as obtaining regulatory approval, securing financing, or the completion of due diligence. This clause serves to protect the parties by ensuring that their obligations only arise if key prerequisites are satisfied, thereby reducing risk and uncertainty in the transaction.
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Agreement is Conditional. This Agreement will not be effective unless and until it is approved by the Federal Court, and if such approval is not granted by the Federal Court on substantially the same terms and conditions contemplated in this Agreement, this Agreement will thereupon be terminated and none of the Parties will be liable to any of the other Parties hereunder.
Agreement is Conditional. This Agreement will not be effective unless and until it is approved by the Courts, and if such approvals are not granted by each of the Courts on substantially the same terms and conditions save and except for the variations in membership contemplated in Sections 4.04 and 4.07 of this Agreement, this Agreement will thereupon be terminated and none of the Parties will be liable to any of the other Parties hereunder, except that the fees and disbursements of the members of the NCC will be paid in any event.
Agreement is Conditional. If the Acquisition is not consummated in accordance with the terms of the Merger Agreement dated as of July 7, 2003 by and among EMC, Legato and Eclipse Merger Corporation, this Agreement shall be void and of no force or effect.
Agreement is Conditional. The United States and ▇▇▇▇▇▇ shall submit this plea agreement to the Court pursuant to Federal Rule of Criminal Procedure 11 (e) (1) (C). In the event that the Court rejects this plea agreement for any reason, ▇▇▇▇▇▇ shall be afforded the opportunity to withdraw its guilty plea pursuant to Federal Rule of Criminal Procedure 11 (e) (4), and either party may elect to declare this agreement null and void, except that, under any circumstances, the waiver of ▇▇▇▇▇▇'▇ rights as to defenses under any statute of limitations or the Speedy Trial Act, as set forth in paragraph 8 below, shall remain in full force and effect. Further, if ▇▇▇▇▇▇ shall withdraw its guilty plea at any time, the United States may elect to declare this agreement null and void, except that under any circumstances the waiver of ▇▇▇▇▇▇'▇ right as to defenses under any statute of limitations or the Speedy Trial Act, as set forth in paragraph 8 below, shall remain in full force and effect. If ▇▇▇▇▇▇'▇ guilty plea is rejected and /or withdrawn, ▇▇▇▇▇▇ shall have the benefit of Federal Rule of Criminal Procedure 11 (e) (6).