First Condition definition
Examples of First Condition in a sentence
If the Seller objects to the contents of the First Condition Report, it shall inform the Buyer within [five (5)] Business Days of receipt and the parties shall jointly instruct an independent third party to undertake an assessment of the condition of the Works and the report prepared by such independent third party (Independent Condition Report) shall be binding on the parties save in the case of a manifest error by such independent third party.
The Buyer shall forward the First Condition Report to the Seller as soon as possible following its completion and in the absence of any response from the Seller within a period of [five (5)] Business Days, the First Condition Report shall be deemed to be a fair and reasonable assessment of the condition of the Works.
If the First Condition Precedent is not satisfied by the Owner or waived or extended in writing by WPHLI by August 1, 2003, then this agreement will be terminated on August 2, 2003 and the Initial Fee will be forfeited to WPHLI as liquidated damages.
This agreement is conditional upon the Owner, on or before August 1, 2003, having sold for cash the numbers and types of season tickets specified in Schedule B (the “First Condition Precedent”), unless the First Condition Precedent is waived in writing or extended in writing by WPHLI, in its sole discretion.
Promptly after (and, in any event, within one Business Day) (a) the First Condition Date, (b) the Second Condition Date, (c) the execution of the [*] Agreement, and (d) the consummation of the transactions contemplated by the [*] Agreement, the Company shall give written notice to the First Priority Indenture Trustee of such event and provide a detailed calculation of interest and the True-Up Payment, if applicable, due in connection with such occurrence.
On Closing Phase I, the Transferors shall receive the Consideration for Phase I, as agreed in Clause 2.3., subject to the fulfillment of the First Condition.
On the First Condition Date (if such date occurs), the Company shall promptly pay to the Paying Agent, for the account of the First Priority Holders, cash in the amount of the True-Up Payment for the period commencing on May 7, 2010 and ending on the date immediately prior to the First Condition Date.
The "First Condition Date” shall mean that day which is twenty four (24) months after the Closing Date.
If no Acquisition LOI has been executed by the First Condition Subsequent Cutoff Date or, following the execution of an Acquisition LOI by the First Condition Subsequent Cutoff Date, the closing of the Acquisition has not occurred by the Second Condition Subsequent Cutoff Date, RimAsia shall have the option to unwind the Conversion within 60 days following the relevant Condition Subsequent Cutoff Date by serving a written notice to CBH (the "Re-Conversion Notice").
Not later than January 31, 2001 (the "Registration Date"), the Company at its sole expense shall cause the First Condition Shares and the Second Condition Shares, if any, issued or issuable hereunder to be registered for public re-sale by Fleet in accordance with the provisions of this Section 3.