Unsatisfied Condition definition
Examples of Unsatisfied Condition in a sentence
All Applicable Permits have been issued and are in full force and effect and not subject to current legal proceedings or to any Unsatisfied Condition that could reasonably be expected to result in material modification or revocation, and except as disclosed in Schedule 5.19, all applicable appeal periods with respect thereto have expired.
Each Applicable Third Party Permit listed in Part I(B) of Exhibit G-1 shall (i) be in full force and effect, (ii) not be subject to any current legal proceeding and (iii) not be subject to any Unsatisfied Condition that could reasonably be expected to result in material modification or revocation of such Applicable Third Party Permit, and all applicable appeal periods with respect to each such Applicable Third Party Permit shall have expired.
To Borrower's knowledge, except as disclosed in Exhibit G-1, each Permit listed in Part I(B) of Exhibit G-1 is in full force and effect and is not subject to current legal proceeding or to any Unsatisfied Condition that could reasonably be expected to have a Material Adverse Effect, and all applicable appeal periods with respect thereto have expired.
Except as disclosed in Exhibit G-1 (as so supplemented), each Permit listed in Part I(A) of Exhibit G-1 is in full force and effect and is not subject to any current legal proceeding or to any Unsatisfied Condition that could reasonably be expected to have a Material Adverse Effect, and all applicable appeal periods with respect thereto have expired.
Except as disclosed in the Permit Schedule, each Permit listed in Part I(B) shall (A) have duly obtained or have been assigned in the name of the applicable Major Project Participant, (B) be in full force and effect, (C) not be subject to any current legal proceeding and (D) not be subject to any Unsatisfied Condition that could reasonably be expected to result in material modification or revocation of such Permit, and all applicable appeal periods with respect to each such Permit shall have expired.
The Buyer and Buyer Parent hereby knowingly waive satisfaction of each Unsatisfied Condition in full and agree to consummate the acquisition of the Membership Interest pursuant to the Agreement irrespective of the non-satisfaction of such Unsatisfied Conditions.
If the Company timely elects to obligate Centex to purchase the Transferred Subsidiary Member Interests for a Transferred Subsidiary that owns an Unsatisfied Condition Property, then the Company will sell and Centex will buy such Transferred Subsidiary Member Interests on the date which is fifteen (15) days after the Company’s delivery of its election notice, or such earlier or later date as the Parties may agree (the “Unsatisfied Condition Property Member Interests Re-transfer Date”).
Except as disclosed in Exhibit G-1 (as so supplemented), each Permit listed in Part I of Exhibit G-1 is in full force and effect and is not subject to any current legal proceeding or to any Unsatisfied Condition that could reasonably be expected to have a Material Adverse Effect, and all applicable appeal periods with respect thereto have expired.
All Permits which are Applicable Permits or Applicable Third Party Permits have been issued and are in full force and effect and not subject to current legal proceedings or to any Unsatisfied Condition that could reasonably be expected to result in material modification or revocation, all applicable appeal periods with respect thereto have expired, and the permittee thereunder is in compliance therewith in all material respects.
The Company shall have the option, by written notice to Centex given within ten (10) days after Centex’s delivery of the Condition Not Satisfied Notice or if no Conditioned Not Satisfied Notice is given, then within five (5) days after the expiration of the Condition Satisfaction Period to either (i) waive the Condition or (ii) obligate Centex to purchase from the Company 100% of the Transferred Subsidiary Member Interests for the Transferred Subsidiary that owns the Unsatisfied Condition Property.