Binding Conditions Clause Samples

The Binding Conditions clause sets out specific requirements or events that must be satisfied before a contract or agreement becomes legally enforceable. Typically, these conditions might include obtaining regulatory approvals, securing financing, or the completion of due diligence. By clearly outlining these prerequisites, the clause ensures that both parties are only obligated to proceed once all critical factors are met, thereby reducing uncertainty and protecting against premature commitments.
POPULAR SAMPLE Copied 1 times
Binding Conditions. This Agreement shall not bind FOP Lodge #1 or Vendor unless and until
View SourceView Similar (2)
Binding Conditions. 3.3.1 All of D-R’s actions, performance, covenants and obligations contained in this Agreement, including, without limitation, those obligations set forth in Section 2.3 and Section 5.1, will be conditioned on and subject to (the “Core Binding Conditions”): 3.3.1.1 E-C obtaining the Fundamental Process Security pursuant to Section 3.2.2; 3.3.1.2 E-C providing D-R with evidence reasonably satisfactory to D-R that all (a) previously existing liens on the E-C Intellectual Property have been released and (b) all Patents applicable to the Fundamental Process, Gradual Oxidizer, Target Gas Turbine and/or KG2-3GEF/GO purported to be owned by E-C are in fact owned by E-C and recorded at the appropriate Patent Office(s); 3.3.1.3 E-C providing D-R with (i) evidence reasonably satisfactory to D-R that it has sufficient funding as of the Effective Date to fund its planned operations for a period of * and (ii) a budget consistent with discussions between the Parties and reasonably satisfactory to D-R, for the period starting with the month of the Core Binding Date, pursuant to Section 3.3.2, through the * outlining E-C’s planned (x) quarterly balance sheet account balances and (y) monthly inflows of cash and expenditures of cash (such budget the “E-C Company Budget”); and 3.3.1.4 D-R provides a written acknowledgement of an initial binding Customer purchase order for a KG2-3GEF/GO. For the avoidance of doubt, D-R shall notbe obligated to enter into a contract with a Customer or End User for the Initial System unless E-C has previously satisfied the conditions pursuant to Sections 3.3.1.1, 3.3.1.2, and 3.3.1.3. * Portions of this page have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.
View SourceView Similar (2)
Binding Conditions. This deed is binding on the Responsible Entity, each Trust Unitholder and any other person claiming through any of them as if each was a party to this deed.
View SourceView Similar (2)
Binding Conditions. This Agreement shall not bind FOP Lodge #1 or Food Truck Vendor unless and until (1) FOP Lodge #1 offers you a space at Police Week Tent City by sending you an approval notification by email; and (2) you accept FOP Lodge #1’s offer to participate in the event by paying the Membership Fee in accordance with the Agreement (the “Binding Conditions”). Immediately upon the satisfaction of the binding conditions, this agreement shall automatically become an effective and binding contract between FOP Lodge #1 and Food Truck Vendor.
View Source

Related to Binding Conditions

  • Existing Conditions Tenant accepts the Property in its condition as of the execution of the Lease, subject to all recorded matters, laws, ordinances, and governmental regulations and orders. Except as provided herein, Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation as to the condition of the Property or the suitability of the Property for Tenant's intended use. Tenant represents and warrants that Tenant has made its own inspection of and inquiry regarding the condition of the Property and is not relying on any representations of Landlord or any Broker with respect thereto. If Landlord or Landlord's Broker has provided a Property Information Sheet or other Disclosure Statement regarding the Property, a copy is attached as an exhibit to the Lease.

  • Closing Conditions (a) The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met: (i) the accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse Effect, in all respects) on the Closing Date of the representations and warranties of the Purchasers contained herein (unless as of a specific date therein in which case they shall be accurate as of such date); (ii) all obligations, covenants and agreements of each Purchaser required to be performed at or prior to the Closing Date shall have been performed; and (iii) the delivery by each Purchaser of the items set forth in Section 2.2(b) of this Agreement. (b) The respective obligations of the Purchasers hereunder in connection with the Closing are subject to the following conditions being met: (i) the accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse Effect, in all respects) when made and on the Closing Date of the representations and warranties of the Company contained herein (unless as of a specific date therein in which case they shall be accurate as of such date); (ii) all obligations, covenants and agreements of the Company required to be performed at or prior to the Closing Date shall have been performed; (iii) the delivery by the Company of the items set forth in Section 2.2(a) of this Agreement; (iv) there shall have been no Material Adverse Effect with respect to the Company since the date hereof; and (v) from the date hereof to the Closing Date, trading in the Common Stock shall not have been suspended by the Commission or the Company’s principal Trading Market, and, at any time prior to the Closing Date, trading in securities generally as reported by Bloomberg L.P. shall not have been suspended or limited, or minimum prices shall not have been established on securities whose trades are reported by such service, or on any Trading Market, nor shall a banking moratorium have been declared either by the United States or New York State authorities nor shall there have occurred any material outbreak or escalation of hostilities or other national or international calamity of such magnitude in its effect on, or any material adverse change in, any financial market which, in each case, in the reasonable judgment of such Purchaser, makes it impracticable or inadvisable to purchase the Securities at the Closing.

  • Waiver of Closing Conditions Upon the occurrence of the Closing, any condition set forth in this Article V that was not satisfied as of the Closing shall be deemed to have been waived as of the Closing for the applicable Transferred Asset.

  • WORKING CONDITIONS In order to effectively resolve workload issues, please provide details about the working conditions at the time of occurrence by providing the following information: Regular Staffing #: RN RPN PSW Clerks & Other Actual Staffing #: RN RPN PSW Clerks & Other Agency/Registry RN: Yes No And how many? Junior Staff*: Yes No And how many? RN RPN PSW Temp RNs RN Staff Overtime: Yes No If yes, how many staff? Total Hours: If there was a shortage of staff at the time of the occurrence, (including support staff) please check one or all of the following that apply: Absence/Emergency Leave Sick Call(s) Vacancies Management Support available on site? Yes No On Standby? Yes No On Call? Yes No Did they respond? Yes No Did they resolve the issue? Yes No Charge nurses (CN) are not held accountable for the actions of others, they are accountable for their actions in relation to others (“Nurse in Charge”, CNO Communique, Sept. 2002). Were you working in a Charge Nurse Leadership Role? Yes No i) Assigning: Could you assign staff according to their abilities? Yes No Did you have time to determine what staff was most likely to need your help? Yes No Did you have time to provide necessary support and supervision? Yes No

  • Satisfaction of Closing Conditions The Vendors agree to use their best efforts to ensure that the conditions set forth in Section 5.1, and the Purchaser agrees to use its best efforts to ensure that the conditions set forth in Section 5.3, are fulfilled at or prior to the Closing Time.