Approvals and Conditions Sample Clauses
The 'Approvals and Conditions' clause sets out the requirement that certain actions or obligations under the agreement are subject to obtaining specific approvals or meeting predefined conditions. In practice, this may mean that a party must secure regulatory consent, board approval, or fulfill certain milestones before proceeding with a transaction or performing contractual duties. This clause ensures that all necessary prerequisites are satisfied before the agreement becomes fully effective, thereby protecting parties from unintended commitments and reducing the risk of non-compliance or premature execution.
Approvals and Conditions. The execution and delivery by the Rio Tinto Lender of the Supplemental Senior Facility with respect to the Co-Lending shall be subject to satisfaction or waiver (as applicable) on the Co-Lending Closing Date of the following conditions precedent: (i) the conditions set forth in Schedule C in favour of the parties (and which must be satisfied or waived by both parties in their respective discretion) on the Effective Date; (ii) the TRQ DSU being amended to cover the Co-Lending on terms that are acceptable to Rio Tinto, acting reasonably; and (iii) the terms of the OT Project Financing Agreements with respect to a Sponsor Senior Loan not being amended in any material respect from the terms of the OT Project Financing Agreements existing as at the date of this Agreement (and each such condition in (i), (ii) and (iii) must be satisfied, or waived by the Rio Tinto Lender in its discretion, acting reasonably). For purposes of this Section 17, “material” includes any amendment to the OT Project Financing Agreements where the Rio Tinto Lender is treated different than the other Senior Lenders and such amendment is adverse to the Rio Tinto Lender or any of other member of the Rio Tinto Group.
Approvals and Conditions. The execution and delivery by the Rio Tinto Lender of the Supplemental Senior Facility with respect to the Co-Lending shall be subject to (i) the satisfaction of the conditions set forth in Schedule C in favour of the Rio Tinto Lender on the Effective Date, (ii) the TRQ DSU being amended to cover the Co-Lending on terms that are acceptable to Rio Tinto, acting reasonably and (iii) the terms of the OT Project Financing Agreements with respect to a Sponsor Senior Loan not being amended in any material respect from the terms of the OT Project Financing Agreements existing as at the date of this Agreement (and each such condition in (i), (ii) and (iii) must be satisfied, or waived by the Rio Tinto Lender in its discretion, acting reasonably). For purposes of this Section 16, “material” includes any amendment to the OT Project Financing Agreements where the Rio Tinto Lender is treated different than the other Senior Lenders and such amendment is adverse to the Rio Tinto Lender or any of other member of the Rio Tinto Group.
Approvals and Conditions. It is understood by the parties that this Agreement and/or certain of the transactions contemplated hereby are subject to approval by the duly authorized State of Connecticut agencies including the Department of Health Services and the Department of Environmental Protection. ANSONIA DERBY and the AUTHORITY agree to cooperate and use their best efforts in securing all necessary approvals. Neither party shall have any other obligation under this Agreement unless and until said requisite approvals are obtained by June 1, 1985, except for ANSONIA DERBY'S obligation to pay its allocated share of out-of-pocket engineering expenses pursuant to Section 3(a).
Approvals and Conditions. At such Closing, all conditions listed on Schedule 8.2(d) with respect to such Asset Class to be closed on at such Closing shall have been satisfied.
Approvals and Conditions. The obligations of Buyer under this Agreement shall ---------- be subject to and contingent upon satisfaction of the following conditions within the time periods specified below:
Approvals and Conditions