Conditional Period definition
Examples of Conditional Period in a sentence
The position vacated by the unit member who transferred or promoted will not be considered a vacancy until the conclusion of the Conditional Period.
If the Conditional Period is exercised then the other candidates shall be offered the transfer, according to their interview ranking score.
If the Conditions Precedent are fulfilled (in accordance with the provisions of this Agreement) within the Conditional Period, completion of the sale and purchase hereunder of the Sale Shares shall take place simultaneously with the completion of SPA(Nadzmi) on the Completion Date at Khaw & Partners’ office at ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇.
The Purchaser further acknowledges that if the Purchaser wishes to change or amend the floor plan as previously selected, the Purchaser must do so within the Conditional Period set out in Schedule “D”.
Clause 5 and Schedule 2 of this Agreement are conditional in each case upon satisfaction of the Relevant Readiness for Development Criteria in respect of the Relevant Initial Development Property within the Relevant Conditional Period.
If the Conditional Period is exercised then the other 18 candidates shall be offered the transfer, according to their 19 interview ranking score.
This Agreement shall terminate in the event that all the Option CPs are not fulfilled within the Conditional Period or the Extended Conditional Period, as the case may be, unless the parties mutually agree in writing for a further extension of time.
If not all the conditions precedent are fulfilled within the Conditional Period, then the JVA shall automatically terminate.
In the event the Company terminates this Agreement during the Conditional Period for any reason, the Company shall be under no obligation to pay the amount of the Conditional Monthly Fees owed to Consultant for the remainder of the Conditional Period.
Any further extensions shall be with mutual consent of both parties and subject to terms to be agreed upon which extension is to be confirmed in writing no later than fourteen (14) days prior to the expiry of the Extended Conditional Period.