STNE’s Conditions Precedent Clause Samples
The "STNE’s Conditions Precedent" clause defines specific requirements or events that must be satisfied by STNE before certain obligations or transactions under the agreement become effective. Typically, these conditions might include obtaining regulatory approvals, delivering necessary documents, or fulfilling financial covenants. By setting these prerequisites, the clause ensures that all critical factors are addressed before the parties proceed, thereby reducing risk and providing clarity on when contractual duties commence.
STNE’s Conditions Precedent. The obligations of STNE, StoneCo and DLP in this Agreement to consummate the Closing of the Transaction is subject to the fulfillment or waiver (at STNE's sole discretion) of each of the following Conditions Precedent (“STNE’s Conditions Precedent” and, jointly with Linx’s Conditions Precedent and the Conditions Precedent of the Parties, the “Conditions Precedent”):