Underwriting Condition Clause Samples
Underwriting Condition. The increase of the Company’s registered capital from 47,747,515 to 56,717,385 Ordinary Shares has been recorded in the German Commercial Register (the “Underwriting Condition”).
Underwriting Condition. The obligations of Landlord under this Exhibit are contingent upon the ability and willingness of Landlord's mortgage lenders or lien holders to underwrite and extend to Landlord construction and permanent loans at market rates of interest, for market loan terms, and with market amortization periods, based on the creditworthiness of Tenant at the time that Tenant exercises its Expansion Option in accordance with the terms and conditions of this Exhibit. If the creditworthiness of Tenant is adequate for Landlord to obtain such loans, then the contingency set forth in this Section shall be satisfied, notwithstanding the inability of Landlord to obtain such loans for any other reason.