Subsequent Conditions Precedent Sample Clauses
A Subsequent Conditions Precedent clause defines specific events or actions that must occur after a contract is signed but before certain obligations or rights become enforceable. In practice, this might require a party to obtain regulatory approval, deliver specific documents, or fulfill other requirements before the contract fully takes effect or before a party is required to perform. The core function of this clause is to ensure that critical prerequisites are satisfied before parties are bound to perform, thereby managing risk and clarifying when contractual duties actually arise.
Subsequent Conditions Precedent. A signed Utilisation Request.
Subsequent Conditions Precedent. On or before the date one hundred eighty (180) days after Seller notifies Buyer that front end engineering and design work for the Plant has been completed or such later date as may be agreed between the Parties (the "Subsequent Conditions Precedent Date"), the following conditions precedent shall be satisfied, and if not satisfied by such date, this Agreement may be terminated by Seller (with respect to the conditions described in subsections (a) and (b)) upon written notice to Buyer, or Buyer (with respect to the condition described in subsection (c)) upon written notice to Seller, delivered within ninety (90) days after the Subsequent Conditions Precedent Date:
(a) Seller shall have determined, in its sole discretion, that available terms and conditions for DOE Guaranteed Financing are satisfactory to Seller.
(b) Seller shall have determined in its sole discretion that it intends to issue an unlimited Notice to Proceed for the full scope of construction work for the Plant.
(c) Seller shall have delivered to Buyer a certificate of the President of Seller which certifies that all the representations and warranties of Seller set forth in Section 6.3 (Representations and Warranties of Seller), other than those set forth in Section 6.3(i)
Subsequent Conditions Precedent. The Borrower may not make any further or continuing Drawdowns under the Credit Facility until the following conditions precedent have been fulfilled to the satisfaction of, or waived by, the Lender ("Subsequent Conditions Precedent"):
(a) delivery of a duly executed request for disbursement or request for reimbursement from the Seller or the Borrower, as the case may be, in accordance with Section 2.4.
(b) no Material Adverse Change shall have occurred and be continuing since January 6, 2006;
(c) the Borrower shall have confirmed to the Lender and the HERMES Agent that (A) the representations and warranties contained in Article 9 remain true and correct (with such qualifications as are permitted thereunder) on and as of the date of each Drawdown (except where expressly stated to be made at a particular date) and (B) no event or circumstance which constitutes or which, with the giving of notice or the lapse of time or both, would constitute, an Event of Default has occurred and is continuing or might occur, in form of the draft Compliance Certificate contained in Schedule 7.3 (d);
(d) the HERMES Insurance Policy remains in full force and effect without material restrictions in favour of the Lender, in terms and amount satisfactory to both the Lender and the HERMES Agent;