Condition Subsequent definition
Examples of Condition Subsequent in a sentence
Landlord shall have no liability whatsoever to Tenant relating to or arising from Landlord’s inability or failure to cause all or any portion of the Condition Subsequent to be satisfied.
SCHEDULE 8 The following are the actions to be completed as Condition Subsequent to Closing: The Company shall ensure the filing of Form PAS-3, and other necessary forms, in the requisite manner as required by the Act and within the time frames as set out under the Act.
Prior to the satisfaction of the provisions of paragraph (b) of Clause 14.40 (Condition Subsequent), the number of persons in whose names the Notes are or are to be registered will not exceed ten (joint holders being counted as one person).
Further, subsequent to signing of this Agreement, in case of any legal issues arising out of such handing over of the land resulting in delay in achieving Condition Subsequent and/or commissioning of the Project, the respective deadline for fulfilment of Condition Subsequent and/or the Scheduled Commissioning Date, as applicable, will be suitably extended by MSPDCL.
The Condition Subsequent is stipulated in the interest of the Company and therefore may be waived by the Company only.