Concurrent Obligations Sample Clauses
The Concurrent Obligations clause establishes that certain duties or performances by the parties must occur simultaneously. In practice, this means that each party is only required to fulfill its obligation if the other party is ready and willing to do the same at the same time—for example, payment and delivery in a sales contract happen concurrently. This clause ensures fairness and mutual assurance, preventing one party from being required to perform without the guarantee of reciprocal action from the other.
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Concurrent Obligations. Urban shall have delivered or cause to be delivered to PAID the Purchase Price and the documents referred to in Section 8.2 hereof.
Concurrent Obligations. The obligations of Completion Guarantor hereunder are being incurred concurrently with the respective obligations of the Company under the Facility Agreements, the guaranties executed by Valvino, Wynn Resorts Holdings and the other guarantors, and the Disbursement Agreement.
Concurrent Obligations. The obligations of Guarantor hereunder are being incurred concurrently with entering into by the Borrower of the Loan Documents to which it is a party.
Concurrent Obligations. Where both parties have a duty under a health and safety Law in relation to the Works, each party must, so far as is reasonably practicable:
(a) ensure the health and safety of workers and other persons to the extent of its influence and control; and
(b) to that end, consult, co-operate with and coordinate activities with the other party.
Concurrent Obligations. The Performance Tests listed in Sections 2.1.5 of Exhibit 6 shall be performed concurrently. If Contractor’s performance of such Performance Tests on a System reveals that such System is not capable of concurrently passing such Performance Tests, then Contractor will immediately and continuously take all measures that are necessary to cause such System to pass such Performance Tests concurrently; provided, that such measures must meet the standards set forth in Article 15. The cost of taking such measures, including without limitation all additional costs of labor, equipment, supplies, tools, non-consumable chemicals and materials shall be treated as Guarantee Costs under Section 11.3.
Concurrent Obligations. PAID shall have delivered or caused to be delivered the documents referred to in Section 8.2 hereof to Urban. All of the foregoing conditions precedent set forth in this Section 8.1.1 are for the benefit of Urban and not PAID. Urban may elect, at its sole discretion, to (i) waive any such conditions precedent or, (ii) extend the time for the satisfaction of such conditions for such additional period and upon such conditions as Urban may elect by written notice to PAID, or (iii) terminate this Agreement by written notice of such intent delivered to PAID by the Closing Date, in which event the provisions of Section 7.6 shall apply. No such waiver shall be deemed a waiver of any other or subsequent conditions hereunder.
Concurrent Obligations. The obligations of Completion Guarantor hereunder are being incurred concurrently with the respective obligations of the Company and the other Loan Parties under the Financing Agreements:
Concurrent Obligations. The obligations of Guarantor hereunder are being incurred concurrently with respective the obligations of VCR, LVSI and GCCLLC under the Facility Agreements, the guaranty executed by GCCLLC and the Funding Agents' Disbursement and Administration Agreement.