Concurrent Conditions Clause Samples

A concurrent conditions clause establishes that the obligations of each party under a contract are to be performed simultaneously, with each party's duty to perform dependent on the other party's readiness and willingness to fulfill their own obligations. For example, in a sales contract, the seller's obligation to deliver goods and the buyer's obligation to pay occur at the same time, so neither party is required to act unless the other is also prepared to perform. This clause ensures fairness and mutual accountability by preventing one party from being forced to perform without assurance that the other will do the same.
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Concurrent Conditions. The performance or tender of performance at Closing of all matters applicable to a Party under this Agreement shall be deemed concurrent conditions and no Party shall be required at Closing to perform, or tender performance of, the obligations of such Party hereunder unless, coincident therewith, each other Party from whom performance is required under this Agreement performs or tenders performance of its obligations hereunder.
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Concurrent Conditions. The parties acknowledge that each of the conditions set forth below have been satisfied or shall be satisfied or waived concurrently with the signing of this Agreement and the filing of the Agreement of Merger:
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Concurrent Conditions. 3.1 Concurrent with the making of the Loan hereunder, there shall be delivered to the Lenders: (i) this Agreement, duly executed and delivered by the Borrower; (ii) the Promissory Note in the amount of the Loan duly executed and delivered by the Borrower; (iii) a favorable opinion of counsel for the Borrower addressed to the Lenders and dated the date of the making of the Loan hereunder, in the form attached as Exhibit 3.1(iii) hereof; and (iv) a certificate of an authorized officer or representative of the Borrower in the form and substance acceptable to the Lenders.
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Concurrent Conditions. 5.1 This Agreement shall be effective upon due execution and delivery by the Contractor and each Customer and upon the satisfaction of the following conditions (the “Effective Date of Contract (“EDC”)): (a) ABS and the Contractor shall enter into the ABS Procurement Agreement. (b) Satmex and the Contractor shall enter into the Satmex Procurement Agreement. (c) ABS and Satmex shall enter into the Bilateral Agreement (which they shall confirm to the Contractor). However, their failure to agree or changes they make to the Bilateral Agreement shall not affect their obligations to perform under this Agreement or the Satellite Procurement Agreements. (d) in accordance with the Satellite Procurement Agreements, the Contractor shall have received from each Customer the initial Milestone payments for such Customer’s Firm Satellites plus, from each Customer, an amount equal to 50% of the initial Milestone payment for F-4.
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Concurrent Conditions. Concurrent with the consummation of the purchase of each of the First Stage Notes and Second Stage Notes, there shall be delivered to investors: a. this Agreement, ▇▇▇▇ executed and delivered by PlayNet and the purchasing investor; b. the Senior Secured Notes in the aggregate principal amount invested by each investor hereunder and the warrant relating to such Senior Secured Notes each duly executed and delivered by PlayNet; c. a favorable opinion of counsel for PlayNet addressed to the investors and dated the date of the Senior Secured Notes issued hereunder in the form of the opinion included as Exhibit 8 hereof; d. a certificate of an authorized officer of PlayNet as to such matters as the investors of the Senior Secured Notes may reasonably request.
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Concurrent Conditions. As a condition to closing for all parties hereto, each of the following transactions (collectively, the "Concurrent Transactions") shall have been consummated at or prior to the Closing:
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Concurrent Conditions. All deliveries, exchanges, and other actions to be taken at the Closing shall be deemed to occur simultaneously, and the performance of all such actions shall be concurrent conditions to all other such actions.
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Concurrent Conditions. At the Closing, all of the following shall occur, all of which shall be deemed concurrent conditions: (a) Seller, at Seller's sole cost and expense, shall deliver or cause to be delivered to Title Company, as escrow agent, for the immediate disbursement and delivery by the Title Company as hereinafter set forth, the following: 1. A Deed ("DEED"), in form and substance identical to that attached hereto as EXHIBIT "B" and by this reference made a part hereof, fully executed and acknowledged by Seller, conveying to Buyer title to the Mineral Interests and assigning the Geothermal Lease to Buyer, subject to the Permitted Encumbrances. 2. The Easement, in form and substance identical to that attached hereto as EXHIBIT "D" and by this reference made a part hereof, fully executed and acknowledged by Seller. 3. The Memorandum of Easement, ("Memorandum") in form and substance identical to that attached as EXHIBIT "B" to EXHIBIT "D" hereto, and by this reference made a part hereof, fully executed and acknowledged by Seller. 4. The Assignment of Rights (as hereinafter defined), in form and substance identical to that attached hereto as EXHIBIT "C" and by this reference made a part hereof, fully executed by Seller and the Qualified Intermediary (as hereinafter defined) in triplicate originals. 5. An Affidavit ("AFFIDAVIT") that Seller is not a "foreign person" as defined in Section 1445 of the Internal Revenue Code of 1986, as amended.
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Related to Concurrent Conditions

  • PAYMENT CONDITIONS 6.01 Prices shall remain firm for the initial term of the Agreement and, thereafter, may be adjusted annually as provided in this paragraph. The County does not guarantee any minimum or maximum amount of dollars to be spent under this Agreement. 6.02 Negotiations for rate changes shall be commenced, by CONTRACTOR, a minimum of ninety days (90) prior to the expiration of the Agreement. Rate changes are not binding unless mutually agreed upon in writing by the County and the CONTRACTOR. 6.03 Invoice amounts shall be billed directly to the ordering department. 6.04 CONTRACTOR shall submit such invoice periodically or at the completion of services, but in any event, not later than 30 days after completion of services. The invoice shall set forth the amounts claimed by CONTRACTOR for the previous period, together with an itemized basis for the amounts claimed, and such other information pertinent to the invoice. The County shall certify the invoice, either in the requested amount or in such other amount as the County approves in conformity with this Agreement and shall promptly submit such invoice to the County Auditor-Controller for payment. The County Auditor-Controller shall pay the amount certified within 30 days of receiving the certified invoice.

  • Termination Conditions This Agreement terminates upon the earlier of any of the following events: a.

  • Further Conditions Seller shall deliver to Buyer full and complete possession of the property, subject to the Permitted Exceptions. Absolutely no access to the Property prior to Closing is allowed without Seller’s advance written authorization and upon execution of an appropriate waiver of liability. Neither Buyer nor any of its representative, agents or contractors shall be deemed an invitee of the Property by virtue of this Agreement, the Property Data or the offering of the Property for sale. Further, no invasive environmental tests shall be performed by any Buyer without Seller’s advance written consent.

  • Satisfaction of Conditions The conditions precedent set out in Section 6.1, Section 6.2 and Section 6.3 shall be conclusively deemed to have been satisfied, waived or released at the Effective Time.

  • Market Conditions Notwithstanding any provision of this Agreement to the contrary, settlement and payment for Foreign Assets received for the account of the Portfolios and delivery of Foreign Assets maintained for the account of the Portfolios may be effected in accordance with the customary established securities trading or processing practices and procedures in the country or market in which the transaction occurs, including, without limitation, delivering Foreign Assets to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) with the expectation of receiving later payment for such Foreign Assets from such purchaser or dealer. The Custodian shall provide to each Board the information with respect to custody and settlement practices in countries in which the Custodian employs a Foreign Sub-Custodian described on Schedule C hereto at the time or times set forth on such Schedule. The Custodian may revise Schedule C from time to time, provided that no such revision shall result in a Board being provided with substantively less information than had been previously provided hereunder.