Conditional Notice Clause Samples
A Conditional Notice clause establishes that certain actions or rights under a contract become effective only after a specific notice is given and particular conditions are met. In practice, this means that a party must formally notify the other party of an event or intention, and the notice only triggers consequences if predefined requirements—such as documentation or the occurrence of a specific event—are satisfied. This clause ensures that contractual obligations or changes do not take effect automatically, but rather only when all stipulated conditions are fulfilled, thereby providing clarity and control over when and how contractual changes are implemented.
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Conditional Notice. In the event of an industrial dispute within the enterprise itself the notice shall, as far as possible, indicate which employees will be laid off and each employee who is to be laid off shall be informed definitely as far in advance as possible.
Conditional Notice. If at the time of mailing of notice of an optional redemption there shall not have been deposited with the Trustee moneys sufficient to redeem all the Bonds called for redemption, such notice may state that it is conditioned upon the deposit with the Trustee on or prior to the redemption date of moneys sufficient to pay the redemption price of the Bonds to be redeemed plus interest, if any, accrued thereon to the date of redemption, and such notice shall be of no effect (and the redemption shall not occur) unless such moneys are so deposited.
Conditional Notice. Any notice of optional redemption delivered hereunder may be conditioned on any fact or circumstance stated therein, and if such condition shall not have been satisfied on or prior to the redemption date stated in such notice, said notice shall be of no force and effect on and as of the stated redemption date, the redemption shall be cancelled, and the District shall not be required to redeem the Bonds that were the subject of the notice. The Paying Agent shall give notice of such cancellation and the reason therefor in the same manner in which notice of redemption was originally given. The actual receipt by the owner of any Bond of notice of such cancellation shall not be a condition precedent to cancellation, and failure to receive such notice or any defect in such notice shall not affect the validity of the cancellation.
Conditional Notice. In the case of a conflict within the enterprise in question the notification shall as far as possible name the employees that will be laid off. Each individual employee shall be issued with specific information as far in advance as possible.
Conditional Notice. If at the time of mailing of notice of an optional redemption there shall not have been deposited with the Trustee moneys sufficient to redeem all the Bonds called for redemption, such notice may state that it is conditional, that is, subject to the deposit of the redemption moneys with the Trustee on or prior to the redemption date, and such notice shall be of no effect unless such moneys are so deposited on or prior to the redemption date. If such redemption is not effectuated, the Trustee shall, at the expense of the Company, within five days thereafter, give notice in the manner in which the notice of redemption was given that such moneys were not so received and shall rescind the redemption.
Conditional Notice. Holder hereby consents to the Company delivering a Redemption Notice with respect to the Proposed Redemption that is expressly conditioned upon the satisfaction or waiver of the conditions to the Merger set forth in the Merger Agreement and the occurrence of the closing of the Merger, and Holder acknowledges and agrees that any such conditional Redemption Notice shall automatically be rescinded without further action if the Merger Agreement is terminated prior to the closing of the Merger occurring. ▇▇▇▇▇▇, on behalf of itself and as the holder of all outstanding shares of Series A Preferred Stock, hereby waives the requirement set forth in Section 7(d) of the Certificate of Designations that provides that a Redemption Notice with respect to the Proposed Redemption shall be irrevocable to the extent (and solely to the extent) necessary to give effect to the immediately preceding sentence.
Conditional Notice. A conditional notice of redemption may be given pursuant to Section 3.03. The Bonds to which such conditional notice pertains shall be deemed Outstanding until the conditions to such redemption have been satisfied, whereupon the notice shall become irrevocable. If a conditional notice of redemption has been given, the failure of the Authority to make funds available in whole or in part on or before the redemption date shall not constitute an Event of Default, and the Trustee shall give notice to the affected Holders that the redemption did not occur and that the Bonds called for redemption and not so paid remain Outstanding. Any extraordinary costs incurred by the Trustee in connection with a rescission of a redemption shall be paid by the Authority.