Termination for Failure to Satisfy Conditions Precedent Sample Clauses

Termination for Failure to Satisfy Conditions Precedent. Notwithstanding Clause 30.11 (Surviving Obligations), if any of the Conditions Precedent have not been satisfied in full or waived in accordance with Clause 2.6 (Waiver of Conditions Precedent) on or before [*****] (as such date may be extended by the written agreement of the Parties), the Owner and the Lessee shall each have the right to terminate this Agreement immediately by giving written notice of such termination to the other Party; provided that such right to terminate shall not be exercisable if the Owner has failed to satisfy in full or waive the Owner's Conditions Precedent in Clause 2.4(b) (Owner's Conditions Precedent) due to its failure to incorporate an entity to be the Operator pursuant to Clause 3.1(b) (Owner's General Obligations). If this Agreement is terminated in accordance with this Clause 2.7 (Termination for Failure to Satisfy Conditions Precedent), this Agreement (other than Clauses 1 (Definitions and Interpretation), 2.7 (Termination for Failure to Satisfy Conditions Precedent), 20.1 (Exclusion of transfer or license), 24 (Dispute Resolution), 25 (Waiver of Immunity), 26 (Confidentiality), 30 (General Legal Provisions) (other than Clause 30.11 (Surviving Obligations)) and 34 (Agency)) shall end and the Parties shall have no further liability to each other, other than under the surviving clauses referred to in this Clause 2.7 (Termination for Failure to Satisfy Conditions Precedent) and with respect to any rights and obligations that have accrued prior to termination.
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Termination for Failure to Satisfy Conditions Precedent. If a condition precedent set forth in Section 9.2 above is not satisfied for any reason or no reason on or by March 31, 2008, then either Party may terminate this CCA with ten (10) days written notice, whereupon the Parties shall have no further liability or obligation to each other hereunder, except for obligations or duties that occurred prior to such termination and a $10,000.00 payment from HES to Owner for engineering and project development costs.
Sample 1
Termination for Failure to Satisfy Conditions Precedent. FX shall use all reasonable endeavors to procure that each of the Conditions Precedent except the Condition Precedent contained in Clause 3.8 is satisfied as expeditiously as possible. CE Power shall, to the extent not already done so by CE Gas, use all reasonable endeavours to procure that the Conditions Precedent contained in Clause 3.8 and 3.9 are satisfied as expeditiously as possible. Each Party must keep the other Party fully informed of the status of the satisfaction of the Conditions Precedent and must notify the other Party immediately upon becoming aware that each Condition Precedent has been satisfied. CE Power may, in its sole discretion, waive the requirement for satisfaction of any or all of the Conditions Precedent. If the Conditions Precedent are not satisfied or waived by 31 March 2003, or such later date as the Parties may agree ("End Date"), then either Party may terminate this Agreement by giving the other Party 14 days written notice delivered at any time following the End Date.
Sample 1
Termination for Failure to Satisfy Conditions Precedent. If a condition precedent set forth in Section 11(a) above is not satisfied for any reason or no reason on or before December 31, 2007, then either Party may terminate this Agreement with ten (10) Days written notice to the other Party, whereupon the Parties shall have no further liability or obligation to each other hereunder, except for obligations or duties that expressly survive the termination of this Agreement or that occurred prior to such termination.
Sample 1

Related to Termination for Failure to Satisfy Conditions Precedent

  • Failure to Satisfy Conditions Precedent If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

  • Failure to Satisfy Conditions If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

  • Termination for Failure to Close This Agreement shall automatically be terminated if the Closing Date shall not have occurred by March 15, 2018; provided, that the right to terminate this Agreement pursuant to this Section 7.2 shall not be available to any Party whose breach of any provision of this Agreement results in the failure of the Closing to have occurred by such time.

  • Waiver of conditions precedent The conditions specified in this clause 9 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Covenant to Satisfy Conditions Each party hereto agrees to use all reasonable efforts to insure that the conditions set forth in Article IV and Article V hereof are satisfied, insofar as such matters are within the control of such party.

  • Satisfaction of Conditions Precedent Each party will use commercially reasonable efforts to satisfy or cause to be satisfied all the conditions precedent that are applicable to them, and to cause the transactions contemplated by this Agreement to be consummated, and, without limiting the generality of the foregoing, to obtain all material consents and authorizations of third parties and to make filings with, and give all notices to, third parties that may be necessary or reasonably required on its part in order to effect the transactions contemplated hereby.

  • Conditions Precedent/Effectiveness Conditions This Amendment shall be effective upon (the “Effective Date”) the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel):

  • Other Conditions Precedent Each of the conditions set forth in Sections 4.1.4, 4.1.5, 4.1.6 and 4.1.10 shall have been satisfied unless the failure of any such condition to be satisfied is the result of any action or inaction by Mortgagee.

  • Effectiveness; Conditions Precedent The effectiveness of this Amendment and the amendments to the Credit Agreement herein provided are subject to the satisfaction of the following conditions precedent:

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