Post-Contingency definition
Examples of Post-Contingency in a sentence
There are and will be no Leases or Contracts in effect and binding the Property and/or the Buyer after the close of Escrow other than: (i) the Leases and Contracts set forth in Schedule 1 and Schedule 2; (ii) Pre-Contingency Transactions; and (iii) Post-Contingency Transactions approved, or deemed approved, by Buyer as set forth in Section 3.4.1.
Leasing Costs for Pre-Contingency Lease Transactions and Post-Contingency Lease Transactions approved by Buyer shall be amortized on a straight-line basis over the term of the lease (without consideration of options to extend).
An extract from our NEWDAY Risk Register is attached below to provide an example: Description Effect Probability Impact Score Contingencies Post-Contingency Score Resource Issues Unable to secure suitable Network offices Working Links not able to have office presence in contract area 2 4 8 Working Links has scoped four suitable premises in convenient locations.
With respect to any proposed Pre-Contingency Lease Transaction or Post-Contingency Lease Transaction, Buyer shall be deemed to have disapproved such proposed Pre-Contingency Lease Transaction or Post-Contingency Lease Transaction unless Buyer shall have given Seller written notice of approval within five (5) business days after actual receipt by Buyer of the complete Lease Package.