Basic condition definition

Basic condition here means the fixed assets, the equipment and the operational performance. The better these conditions are, the more successful the reform will be.
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Examples of Basic condition in a sentence

  • In addition to our General Terms and Conditions of Purchase and Procurement, the following points are contractual components of our orders: Basic condition The supplier/service provider guarantees by means of suitable organisational and material measures that the products and services delivered comply with all agreements made to the delivery contract as well as with all legal and official regulations applicable in Germany.

Related to Basic condition

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • 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.

  • Release Condition means the following:

  • Delivery Condition has the meaning set forth in Section 2.1.