Condition No Clause Samples

The 'Condition No' clause defines a specific condition or set of conditions that must be met for a contract or agreement to proceed or remain valid. In practice, this clause typically identifies a numbered condition—such as 'Condition No. 1'—and outlines the requirements or events that must occur, such as obtaining regulatory approval or the delivery of certain documents. Its core function is to provide a clear reference point for parties to track compliance with essential prerequisites, thereby ensuring that contractual obligations are only triggered when agreed-upon conditions are satisfied.
Condition No. The Company and Executive acknowledge that until further mutual agreement between the parties that Executive may be providing additional services to the Company’s affiliates or subsidiaries, and might not be able to dedicate his full time and attention to the Company. This Condition No. 1 is intended to cover such a time period.
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Condition No. 2: RMBS Trust Transaction Party Approval. The Settlement is conditioned upon DBNTC obtaining requisite approvals from specified parties to certain of the agreements governing RMBS trusts that held loans of settlement class members.
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Condition No. 1: Approval. The Settlement must be approved by the Court in accordance with the following steps:
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Condition No. 2: Effective January 1, 2004 and thereafter, all annual leave hours earned will be “use it or lose it” hours that will be forfeited if the employee’s accumulated but unused hours exceed the Carryover Cap or if the employee’s accumulated but unused hours exceed the employee’s Vested Hours on December 31st of each year. There will be no substitution of money for annual leave while an employee remains employed by ▇▇▇. Annual leave is accumulated from the first day of hire in a regular position and is deemed earned upon completion of the first three (3) months of the introductory period. Paid annual leave will not be granted during the first three (3) months of the introductory period, nor will it be granted in advance of accrual. Annual leave must be scheduled by department, by pay location, and by seniority in December each year. It is each supervisor’s responsibility to schedule annual leave so as to provide adequate coverage for the area supervised. Re-scheduling of annual leave must be requested, in writing, within fourteen (14) days of the originally scheduled leave. Each employee may use a maximum of forty (40) hours accumulated annual leave for unanticipated personal business. This leave, however, must be scheduled at least 24 hours in advance, whenever possible. The personal annual leave is from the same accumulated leave as the vacation (annual) leave. Employees who are on annual leave will be paid for holidays that occur during that time.
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Condition No 
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Related to Condition No

  • Condition to Closing Buyer acknowledges and agrees that the Closing is contingent upon the closing of the IPO, and that if, for whatever reason, the IPO is not completed, the Company shall not be obligated to issue and sell the Restricted Shares and Buyer shall not be required to purchase the Restricted Shares and this Agreement may be terminated in accordance with Section 5(k) below.

  • Adverse Weather Conditions Except in emergency conditions, the Employer shall not require an employee to work outside under extreme weather conditions.

  • Condition Subsequent This Agreement shall terminate, automatically, without any procedures being taken, in the event that the Qualified Person is not in the position of director, corporate executive officer, or employee of the Corporation or of the Sony Group Companies on the Allotment Date.

  • 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.

  • Post-Closing Conditions On or before each of the dates specified in this Section 4.3 (unless a longer period is agreed to by the Administrative Agent in writing), the Borrower shall satisfy each of the following items specified in the subsections below: