Full Conditional Waiver definition

Full Conditional Waiver means the written statement in compliance with the statutory requirements of Applicable Laws and substantially in the form attached as Exhibit PP, pursuant to which a Person (including Seller and each of the Contractors) conditionally waives and releases all Seller Liens with respect to the Work provided the payment set forth in the written statement is received by Seller.
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Full Conditional Waiver means the written statement, as will be modified if the Construction Lien Act changes to comply with any applicable requirements, substantially in the form attached as Exhibit K
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Examples of Full Conditional Waiver in a sentence

  • CONTRACTOR agrees to execute and tender to NATIONAL, prior to commencement of WORK hereunder, a Full Conditional Waiver of Lien in the form attached hereto as Exhibit J, waiving all mechanic's liens, materialmen's liens, construction liens or other type liens against any of the property or improvements of NATIONAL, which waiver is to be conditioned solely upon actual payment of the CONTRACT PRICE.

  • CONTRACTOR also agrees to obtain from all SUBCONTRACTORS or materials suppliers of any tier prior to commencement of WORK, a Full Conditional Waiver of Lien.

  • Form of Full Conditional Waiver Error! Reference source not found.

Related to Full Conditional Waiver

  • Additional Conditions means the terms and conditions set out in the Offer Document.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

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  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.