Purchaser’s Condition Precedent Sample Clauses

Purchaser’s Condition Precedent. 2.8.2.1 The Purchaser shall have obtained from the lawful authority all necessary clearances, authorisations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant 2.8.2.2 Purchaser shall have placed order for the procurement of main package (Boiler, Turbine, Generator) for the Power Plant. 2.8.2.3 The Purchaser shall have completed the construction, as per the implementation schedule specified in detailed project report/ techno-economic feasibility report submitted during the validity of Letter of Assurance (LoA), and the completion of such construction along with readiness of the power plant for lighting up has been certified by the competent authority under the relevant statute..

Purchaser’s Condition Precedent. The Purchaser shall have obtained from the lawful authority all necessary clearances, authorizations, approvals and permissions required for construction, commissioning, operation and maintenance of the Plant

Purchaser’s Condition Precedent. 1 The Purchaser shall have obtained from the lawful authority all necessary clearances, authorisations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant 2 Purchaser shall have placed order for the procurement of main package (Boiler, Turbine, Generator) for the Power Plant. 3 The Purchaser shall have completed the construction of at least fifty percent (50%) of the Plant, as per the implementation schedule specified in detailed project report/ techno-economic feasibility report submitted during the validity of Letter of Assurance (LoA), and the completion of such fifty percent (50%) construction has been certified by an Independent Engineer within the Condition Precedent Period.

Purchaser’s Condition Precedent. 2.8.2.1 The Purchaser shall have obtained from the lawful authority all necessary clearances, authorizations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant 2.8.2.2 The Purchaser shall have completed the construction and the completion of such construction along with readiness of the power plant for lighting up has been certified by an Independent Engineer within the Condition Precedent Period 2.8.2.3 Applicable to Purchaser who has signed FSA without entering into long-term PPA: The Purchaser shall have to furnish the long term Power Purchase Agreements (PPA) either directly with Distribution Companies (DISCOMs) or through Power Trading Company (ies) (PTC) who has / have signed back to back PPA(s) (long-term) with DISCOMs within the Condition Precedent (CP) period as per clause 2.8.3.1.

Purchaser’s Condition Precedent. The obligations of the Purchaser to complete this transaction shall be subject to the following condition being satisfied (hereinafter referred to as the "Purchaser's Condition") which is inserted for the sole and exclusive benefit of the Purchaser, namely: (i) that on or before the Purchaser's Condition Date the Purchaser is satisfied with the results of the Purchaser’s due diligence and inspection of the Lands to its sole satisfaction which are to be completed by the Purchaser at the Purchaser’s cost and expense. Without limitation, the Purchaser’s due diligence shall include, but not be limited to the following: its examination of the title to the Lands, the Permitted Encumbrances and all terms and provisions thereof; any and all investigations, tests, inspections, reviews, due diligence, information, plans, searches, approvals, applications, pro forma budgets or other documents or information as the Purchaser shall deem relevant to its intended use, planning and development of the Lands, including, without limitation, any such documents or information relating to environmental, soil and geotechnical tests and inspections and to the planning, subdivision, servicing, development, marketing or any other matters respecting the Lands; and, its assessment regarding potential development and economic feasibility of the Lands for the Purchaser’s intended use; and On or before 5:00 o'clock PM Edmonton time on the Purchaser's Condition Date, the Purchaser must give the Vendor written notice that the conditions set forth above have been satisfied, or alternatively waived by the Purchaser. In the event that the Purchaser fails to give such written notice, this Agreement shall cease and determine and neither the Vendor nor the Purchaser shall have any further rights or claims against the other in respect of this Agreement, and the First Deposit shall immediately be refunded to the Purchaser.

Purchaser’s Condition Precedent. The obligation of the Purchaser to complete the acquisition of the Assets pursuant hereto is subject to the following condition being fulfilled or waived prior to or at Closing: The Purchaser shall be furnished with the items which the Vendor is to deliver at Closing pursuant to clause 5(a). The foregoing condition shall be for the exclusive benefit of the Purchaser and may be waived by it in writing in whole or in part.

Purchaser’s Condition Precedent. A. The Purchaser shall have obtained from the lawful authority all necessary clearances, authorisations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant B. Purchaser shall have placed order for the procurement of main package Boiler, Turbine, Generator) for the Power Plant. C. The Purchaser shall have constructed at least fifty percent (50%) of the Plant, as per the implementation schedule specified in detailed project report/ techno-economic feasibility report submitted during the validity of Letter of Assurance (LoA), and the completion of such 50% construction has been certified by an Independent Engineer within the Condition Precedent Period. D. Purchaser shall have signed Power Purchase Agreement (PPA) for sale of power for not less than 50% of the installed capacity of Power Plant. In an event the Purchaser is operating as an integrated utility (i.e. the Purchaser is in the business of Generation, Transmission and Distribution of Power) and shall not be signing the Power Purchaser Agreement with the distribution utility, the Condition Precedent shall stand waived at the time of signing the Agreement.

Purchaser’s Condition Precedent. Purchaser shall not be required to purchase the Property unless the following condition precedent has been satisfied on or before the Closing Date: A. Seller shall satisfy all requirements of the City of ▇▇▇▇▇ Springs (the “City”), including without limitation the matters set forth in the letter from the City to Seller dated March 1, 2011, so that the approximately 2.082 acre stormwater detention pond located on the Property and described as Tract Two in Exhibit B attached hereto (the “Detention Pond”) meets all of the requirements of the City and any other governmental agency with authority over or responsibility for the Detention Pond. If Seller fails to satisfy the condition precedent set forth in this Section IX A on or before the Closing Date, Purchaser may elect to (i) terminate this Agreement and receive a full refund of the Deposit from Escrow Agent, and thereafter this Agreement shall be null and void and of no further force or effect, and neither Purchaser nor Seller shall have any further rights, duties, liabilities or obligations to the other by reason hereof except for the Inspection Indemnity (defined in Section XIII A below); or (ii) waive such objections and consummate the transaction contemplated herein without reduction of the Purchase Price.

Purchaser’s Condition Precedent. The Purchaser’s obligation to complete the transaction contemplated by this Agreement is subject to the satisfaction of the following conditions precedent: (a) on or before [date], the Purchaser will be satisfied, in its absolute discretion, with the results of its due diligence investigations with respect to the environmental condition of the Road. In consideration of $10.00 non-refundable paid by the Purchaser to the City and other good and valuable consideration, the receipt and sufficiency of which are acknowledged by the City, the City agrees to remain bound by the terms and conditions of this Agreement while it remains subject to the condition precedent under this section. If the Purchaser does not give the City notice of its satisfaction or waiver of this condition precedent within the time provided herein, this Agreement will automatically terminate.