Conditions Subsequent definition
Examples of Conditions Subsequent in a sentence
The Lender may at its sole discretion waive or modify any or all of the Conditions Precedent, provided in Clause 3.2 (Conditions Precedent and Conditions Subsequent) below or the additional conditions precedents specified in Schedule I hereto.
The SPD shall submit to SECI the relevant documents as stated above, complying with the Conditions Subsequent, within 210 days period from the Effective Date.
The Borrower shall be obliged to complete the conditions subsequent set out in Schedule V (Conditions Precedent and Conditions Subsequent) within the timelines provided to the satisfaction of the Lender (“Conditions Subsequent”).
It is hereby clarified that the Lender shall not be required to disburse any part of the Loan to the Borrower, unless the Borrower has complied with each of the Conditions Precedent (to the extent not expressly waived in writing by the Lender) and the Lender has received all of the documents and other evidences in relation to the fulfillment of the Conditions Precedent listed in Clause 3 (Conditions Precedent and Conditions Subsequent).
The WPD shall submit to SECI the relevant documents as stated above, complying with the Conditions Subsequent, within seven (07) months from the Effective Date.