unless and until Sample Clauses
The "Unless and until" clause establishes that a particular obligation, right, or condition will not take effect or be enforced unless and until a specified event or requirement occurs. In practice, this means that parties are not bound by certain terms or actions until a triggering event—such as the completion of a milestone, receipt of a notice, or fulfillment of a condition precedent—has happened. This clause is commonly used to delay the commencement of duties or rights, ensuring that parties are only held accountable when specific prerequisites are met, thereby providing clarity and managing expectations regarding when contractual obligations arise.
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unless and until. (a) Executive shall have notified Company of the proposed disposition and provided a written summary of the terms and conditions of the proposed disposition;
(b) Executive shall have complied with all requirements of this Agreement applicable to the disposition of the Shares; and
(c) Executive shall have provided Company with written assurances, in form and substance satisfactory to Company that (i) the proposed disposition does not require registration of the Shares under the 1933 Act or (ii) all appropriate action necessary for compliance with the registration requirements of the 1933 Act or any exemption from registration available under the 1933 Act has been taken. Company shall not be required (i) to transfer on its books any Shares which have been sold or transferred in violation of the provisions of this Section 4 or (ii) to treat as the owner of the Shares, or otherwise to accord voting or dividend rights to, any transferee to whom the Shares have been transferred in contravention of this Agreement.
unless and until. (a) separate assessments of rates and taxes are issued in respect of the property by the relevant authorities, all necessary adjustments between the parties shall be made on the basis that the property shall be liable to that proportion of any such rates, taxes and outgoings levied or assessed against the parcel or building lot (as defined by the Unit Titles Act) as a whole, which the unit entitlement of the property bears to the total entitlement of all lots comprised in the units plan; and
(b) contributions under Section 36 of the Unit Titles Act are fixed, outgoings paid by the Seller which would properly be the subject of such contribution when fixed, shall be adjusted between the parties on the same basis as provided in paragraph (a) of this clause, and where the property forms part of a building lot or a lot within an estate development and no contributions have been fixed under section 36 of the Unit Titles Act by the building lot or estate management corporation and outgoings are paid by the Seller that would properly be the subject of levy paid by the Body Corporate, those outgoings shall be adjusted between the parties on the same basis as provided in paragraph (a) of this clause, both in the calculation of the Body Corporate’s contribution to the estate management or building lot corporation, and the property owner’s contribution to the Body Corporate, and for the purpose of this clause, “outgoings” includes periodic contributions to the Body Corporate pursuant to Section 36 of the Unit Titles Act and fixed at the Body Corporate’s annual general meeting, but does not include any special levy raised by the Body Corporate for a specific liability and which is not related to anticipated expenditure over a specified period;