Condition definition
Examples of Condition in a sentence
The Purchaser and the Vendor must promptly notify the other in writing if any of the Conditions are satisfied or cannot be satisfied, or any material development which has an impact on the likelihood of a Condition being satisfied by the End Date.
Any outstanding Options that (i) satisfy the CIC Price-Vesting Condition in connection with the Measurement Date shall become vested and exercisable upon the Measurement Date and (ii) do not satisfy the CIC Price-Vesting Condition in connection with the Measurement Date will remain outstanding and eligible to vest in accordance with the remaining terms and conditions set forth in this Option Agreement.
The Purchaser must promptly notify the Vendor in writing if the Condition has been satisfied or cannot be satisfied, or any material development which has an impact on the likelihood of the Condition being satisfied by the End Date.
The Condition is for the benefit of the Purchaser and the Purchaser may, by notice in writing to the Vendor on or before the End Date, waive this Condition.
If the Condition have not been satisfied or waived in accordance with clause 2.2, prior to the End Date, then with effect from the End Date, the Purchaser or the Vendor may by giving not less than 5 Business Days’ written notice to the other Parties, terminate this Agreement.