Examples of Conditions Precedent in a sentence
Any notice of termination provided pursuant to this Section 4.5 must be delivered, if at all, within six (6) months after the period for satisfying all Conditions Precedent, as it may be tolled, has expired.
This means that there is no obligation by Solstra to proceed under this Agreement if any of the Conditions Precedent are not met to the satisfaction of Solstra and neither Construction Commencement nor Section 4.6 will create an obligation on the part of Solstra.
Notwithstanding any other term of this Agreement, none of the Finance Parties shall be under any obligation to make the Facility available to the Company unless the Facility Agent has notified the Company and the Banks that it has received all the documents listed in Schedule 2 (Conditions Precedent) (in form and content reasonably satisfactory to the Facility Agent).
In the event that (a) all Conditions Precedent have been met and (b) Solstra has not secured final approval from the County of Santa Xxxxxxx of all discretionary entitlements necessary to proceed with construction of the Solomon Hills development, Solstra will be entitled to a refund of the Initial Payment.
One of the Conditions Precedent as set forth in Section 10 is that the As Delivered Price for Conserved Water delivered to Solstra at the Banking Off-Take must be equal to or less than one thousand seven hundred and fifty dollars ($1,750) per AF in 2024 dollars (the “Not to Exceed Target Price”).