Further conditions precedent Clause Samples

Further conditions precedent. If any of the conditions set forth below does not exist on or before the Closing Date with respect to either party hereto, the other party to this Agreement shall, at its option, not be required to consummate the transactions contemplated by this Agreement: 8.1 This Agreement and the transactions contemplated herein shall have been approved by the requisite vote of the Acquired Fund's shareholders in accordance with the provisions of the Safeco Trust's Trust Instrument and By-Laws, and certified copies of the resolutions evidencing such approval by the Acquired Fund's shareholders shall have been delivered by the Acquired Fund to the Acquiring Fund. Notwithstanding anything herein to the contrary, neither party hereto may waive the conditions set forth in this Paragraph 8.1; 8.2 On the Closing Date, no action, suit or other proceeding shall be pending before any court or governmental agency in which it is sought to restrain or prohibit, or obtain damages or other relief in connection with, this Agreement or the transactions contemplated herein; 8.3 All consents of other parties and all other consents, orders and permits of federal, state and local regulatory authorities (including those of the Commission and of state Blue Sky and securities authorities) deemed necessary by either party hereto to permit consummation, in all material respects, of the transactions contemplated hereby shall have been obtained, except where failure to obtain any such consent, order or permit would not involve a risk of a material adverse effect on the assets or properties of either party hereto, provided that either party may waive any such conditions for itself; 8.4 The Acquiring Trust's Registration Statement on Form N-14 shall have become effective under the Securities Act and no stop orders suspending the effectiveness of such Registration Statement shall have been issued and, to the best knowledge of the parties hereto, no investigation or proceeding for that purpose shall have been instituted or be pending, threatened or contemplated under the Securities Act; 8.5 The parties shall have received an opinion of Wilmer Cutler Pickering ▇▇▇▇ ▇▇▇ ▇▇▇r ▇▇▇, ▇▇▇▇▇▇▇▇tory ▇▇ ▇he Safeco Trust and the Acquiring Trust and subject to customary assumptions and qualifications, substantially to the effect that for federal income tax purposes the acquisition by the Acquiring Fund of the Acquired Assets solely in exchange for the issuance of Acquiring Fund Shares to the Acquired Fund and t...

Further conditions precedent. The obligations of each Lender to participate in any Loan are subject to the further conditions precedent that on both the date of the Request and the Utilisation Date for that Loan: (a) the Repeating Representations are correct in all material respects; and (b) no Default or, in the case of a Rollover Loan, no Event of Default is outstanding or would result from the Loan.

Further conditions precedent. Subject to the provisions of Clause 4.4 (Certain Funds), the Lenders will only be obliged to comply with Clause 5.4 (Lenders' participation) if on the date of the Utilisation Request and on the proposed Utilisation Date: (i) in the case of a Rollover Loan, no Event of Default is continuing or might reasonably be expected to result from the proposed Loan and, in the case of any other Loan, no Default is continuing or would result from the proposed Loan; and (ii) the Repeating Representations to be made by each Obligor are true in all material respects.

Further conditions precedent. The following shall be added as an additional Further Condition Precedent applicable to this Contract for Difference after paragraph 2.6 of Part B (Further Conditions Precedent) of Schedule 1 (Conditions Precedent) to the Conditions:

Further conditions precedent. Not later than five (5) Banking Days prior to each Drawdown Date and not later than five (5) Banking Days prior to each Interest Payment Date, the Agent (acting on the instructions of the Majority Banks) may request and the Borrowers shall, not later than two (2) Banking Days prior to such date, deliver to the Agent on such request further relevant certificates and/or favourable opinions as to any or all of the matters which are the subject of clauses 7, 8, 9 and 10.

Further conditions precedent. Not later than five (5) Banking Days prior to the Drawdown Date and not later than five (5) Banking Days prior to each Interest Payment Date, the Bank may reasonably request and the Borrower must, not later than two (2) Banking Days prior to such date, deliver to the Bank (at the Borrower’s expense) on such request further favourable certificates and/or opinions as to any or all of the matters which are the subject of clauses 7, 8, 9 and 10 and clauses 4 and 5 of the Corporate Guarantee.

Further conditions precedent. Subject to Clause 4.1 (Initial Conditions Precedent), the Lenders will only be obliged to comply with Clause 5.4 (Lenders’ participation), if on the date of the Utilisation Request and on the proposed Utilisation Date: (a) no Default is continuing or would result from the proposed Utilisation; and (b) the Repeating Representations to be made by each Obligor are true.

Further conditions precedent. The obligation of each Lender to participate in any Loan under Clause 5.3 (Advance of Loan) is subject to the further conditions precedent that: (a) on both the date of the Request and the Drawdown Date: (i) in the case of a Rollover Loan, the representations and warranties in Clause 18 (Representations and Warranties) to be repeated on those dates are correct in all material respects and will be correct in all material respects immediately after the Loan is made and, in any other case the representations and warranties in Clause 18 (Representations and Warranties) to be repeated on those dates are and will be correct in all respects immediately after the Loan is made; (ii) in the case of a Rollover Loan, no Event of Default is outstanding or could reasonably be expected to result from the Loan and, in the case of any other Loan, no Default is outstanding or could reasonably be expected to result from the Loan; and (iii) the Company is in compliance with all provisions of Clause 19.5 (Liquidity). If the Company fails to comply with Clause 19.5 (Liquidity), no Lender will be obliged to participate in any Loan under Clause 5.3 (Advance of Loan) during the grace period provided for under Clause 21.3(b) until such time as the Facility Agent, acting on the instructions of the Majority Lenders, confirms to the Obligors' Agent that it has received an up-to-date Liquidity Analysis demonstrating that the aggregate of net cash available and undrawn facilities (including, for the avoidance of doubt, this Facility (as defined in Clause 19.5(a)) for the period of three months from that date is more than E100,000,000, together with a certificate of the Chief Financial Officer of the Company confirming that the Liquidity Analysis has been prepared in good faith and is based on reasonable assumptions; (b) no event or series or events has occurred since 7th March, 2003 which, in the opinion of the Majority Lenders (acting in good faith), has or could reasonably be expected to have a Material Adverse Effect (other than any event or change that has occurred and has been disclosed in the Original Liquidity Analysis); (c) the making of the Loan would not cause Clause 2 (Facility) to be contravened; and (d) in respect of a Request for a Tranche A Loan prior to a Release Condition Date, the aggregate amount of: (i) the requested Loan mentioned in the Request; and (ii) the credit balance of the Concentration Accounts at the date of the Request, does not, in aggregate, exceed E250...

Further conditions precedent. The obligations of Lessor to deliver and lease the Aircraft under this Agreement are subject to the further conditions precedent that:- (a) the representations and warranties of Lessee under Clauses 2.1 and 2.2 are correct and would be correct if repeated on delivery of the Aircraft under this Agreement; and (b) no Default has occurred and is continuing or might result from the leasing of the Aircraft to Lessee under this Agreement.