Examples of Suspensive Condition in a sentence
CLAUSE 12 - This Shareholders’ Agreement shall be effective only upon verification of the Suspensive Condition (defined hereunder) and shall remain in effect until February 12th, 2025.
There was also introduced what the parties called "a Suspensive Condition" to be applied to the contract of the sale set out in the first agreement.
If the Suspensive Condition is not fulfilled, this clause 2 and clauses 18, 23, 26, 27 and 30 to 42 (inclusive), shall continue to be of force and effect notwithstanding the failure of the Suspensive Condition, but the remainder of this Agreement shall not become effective.
The Merchant will use its best endeavours to procure the fulfilment of the Suspensive Condition as soon as reasonably possible.
If the Suspensive Condition is not fulfilled on or before the Loan Grant Date, then this Agreement shall lapse and be of no further force or effect.