Approval Condition Precedent definition

Approval Condition Precedent has the meaning set forth in Section 1.3.
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Examples of Approval Condition Precedent in a sentence

  • This Agreement shall be in full force and effect, enforceable and binding in all respects, upon occurrence of the date on which the CPUC Approval Condition Precedent has been obtained or waived in writing by both Parties (“Effective Date”).

  • This Agreement shall be in full force and effect, enforceable and binding in all respects, upon occurrence of the date on which the Approval Condition Precedent has been obtained or waived in writing by both Parties (“Effective Date”).

  • This Agreement will be in full force and effect, enforceable and binding in all respects, upon occurrence of the date on which the Approval Condition Precedent has been obtained or waived in writing by both Parties (“Effective Date”).

  • This Agreement shall be in full force and effect, enforceable and binding in all respects, upon occurrence of the date on which the CPUC Approval Condition Precedent has been obtained]9.

  • In the event that the Parties are not able to renegotiate this Agreement by the earlier of ten (10) business days following the sending of a Notice of Unacceptable Modification (provided the Parties may extend this period upon mutual written agreement), or two (2) business days before any deadline the CPUC may impose in its decision for the Parties to accept any modifications to this Agreement, then the CPUC Approval Condition Precedent shall be deemed not capable of satisfaction.

  • This Agreement shall be in full force and effect, enforceable and binding in all respects, upon occurrence of the date on which the CPUC Approval Condition Precedent has been obtained]6.

  • For a period of nine (9) months from the Effective Date, LGS shall do nothing to render Interconnections A or B operable, or to operate said interconnections, or to install or allow to be installed any other interconnections; provided that, if the CPUC Approval Condition Precedent is deemed not capable of satisfaction as provided for in Paragraph 6, this Paragraph 7 shall be deemed null and void.

  • If the Parties are able to renegotiate the terms of this Agreement and the CPUC approves (directly or indirectly) the renegotiated Agreement, the CPUC Approval Condition Precedent shall be deemed satisfied.

  • If the CPUC Approval Condition Precedent is deemed not capable of satisfaction as provided for in Paragraph 6 of this Agreement, then this Paragraph 5 shall be deemed null and void.

  • This Agreement, and the binding effect of it and its terms on each Party, is not conditioned or dependent upon any governmental or other regulatory approval, except to the extent that this Agreement is subject to the CPUC Approval Condition Precedent, in accordance with the terms contained in Paragraph 6.

Related to Approval Condition Precedent

  • Condition Precedent means a policy term or condition upon which the Insurer's liability under the policy is conditional upon.

  • Conditions Precedent means the conditions precedent set out in clause 3 below;

  • Special Condition means a condition of a Transporter's Licence or Shipper's Licence other than a Standard Condition;

  • Approval Notice means, with respect to any Eligible Loan Asset, the written notice, in substantially the form attached hereto as Exhibit A, evidencing the approval by the Agent, in its sole discretion, of the conveyance of such Eligible Loan Asset by the Transferor to the Equityholder pursuant to the terms of the First Tier Purchase and Sale Agreement and by the Equityholder to the Borrower pursuant to the terms of the Second Tier Purchase and Sale Agreement and the Assignments by which the Transferor effects such conveyance.

  • Approval Letter means the letter from WRAS to the Applicant confirming the grant of WRAS Approval in respect of a Product;

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • Additional Conditions means the terms and conditions set out in the Offer Document.

  • Non-Approval Event means, in respect of the Benchmark:

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Abnormal Condition means any condition on the Interconnection Facilities which, determined in accordance with Good Utility Practice, is: (i) outside normal operating parameters such that facilities are operating outside their normal ratings or that reasonable operating limits have been exceeded; and (ii) could reasonably be expected to materially and adversely affect the safe and reliable operation of the Interconnection Facilities; but which, in any case, could reasonably be expected to result in an Emergency Condition. Any condition or situation that results from lack of sufficient generating capacity to meet load requirements or that results solely from economic conditions shall not, standing alone, constitute an Abnormal Condition.

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Extension Conditions Defined in Section 3.06(a).

  • Application Approval Date means the date that the Application is approved by the Board of Trustees of the District and as further identified in Section 2.3.B of this Agreement.

  • Contracting Body Satisfaction Survey shall have the meaning set out in Clause 18.1;

  • Medical condition means either of the following:

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Final completion and acceptance means the stage in the progress of the work as determined by the Contracting Officer and confirmed in writing to the Contractor, at which all work required under the contract has been completed in a satisfactory manner, subject to the discovery of defects after final completion, and except for items specifically excluded in the notice of final acceptance.

  • Draw Request Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.

  • Delay Delivery Certification As defined in Section 2.02(a) hereof.

  • Qualifying medical condition means seizure disorder,

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13.

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of an SWLF unit.

  • Condition Report means a condition report with respect to a Group III Vehicle, signed and dated by a Lessee or a Franchisee and any Manufacturer or its agent in accordance with the applicable Vehicle Disposition Program.