Execution Conditions Sample Clauses
The Execution Conditions clause sets out the specific requirements that must be met before a contract or agreement can be formally executed or become effective. Typically, this clause outlines prerequisites such as obtaining necessary approvals, delivering certain documents, or fulfilling regulatory obligations. By clearly defining these conditions, the clause ensures that all parties understand what must occur before their contractual obligations commence, thereby reducing the risk of disputes and ensuring a smooth transition to the contract's active phase.
Execution Conditions. Prior to, and as a condition precedent to IPA’s execution of the GIA, Interconnection Customer shall provide IPA with (A) reasonable evidence of continued Site Control or (B) if Site Control has not been demonstrated by reasonable evidence, additional security in the amount specified in the Deposit Amount Schedule, which shall be applied toward future construction costs, as specified in the GIA. At the same time, Interconnection Customer also shall provide reasonable evidence that one or more of the following milestones in the development of the Generating Facility has been achieved: (i) the execution of a contract for the supply or transportation of fuel to the Generating Facility; (ii) the execution of a contract for the supply of cooling water to the Generating Facility;
Execution Conditions. Within fifteen (15) Business Days of receiving the final GIA, and prior to, and as a condition precedent to IPA’s execution of the GIA, Interconnection Customer shall provide IPA with (A) reasonable evidence of continued Site Control or (B) if Site Control has not been demonstrated by reasonable evidence, additional security in the amount specified in the Deposit Amount Schedule, which shall be applied toward future construction costs, as specified in the GIA. At the same time, Interconnection Customer also shall provide reasonable evidence that one or more of the following milestones in the development of the Generating Facility has been achieved: (i) the execution of a contract for the supply or transportation of fuel to the Generating Facility; (ii) the execution of a contract for the supply of cooling water to the Generating Facility; (iii) execution of a contract for the engineering for, procurement of major equipment for, or construction of, the Generating Facility; (iv) execution of a contract for the sale of electric energy or capacity from the Generating Facility; or (v) application for an air, water, or land use permit.
Execution Conditions. During the implementation of the Program, the Borrower, directly or through WASA, shall comply with the following conditions: (a) Prior to start rehabilitation works in an abandoned Wastewater Treatment Plant (WWTP), in accordance with paragraph 2.02 of the Annex, the Borrower, through WASA, shall obtain the possession of the real property where said WWTP is located, according to the law.