Condition one Clause Samples

The 'Condition one' clause establishes a specific requirement or event that must occur before certain obligations or rights under the contract become effective. In practice, this clause might stipulate that a party must obtain regulatory approval, secure financing, or fulfill another prerequisite before the agreement proceeds. Its core function is to ensure that contractual duties are only triggered once essential preliminary conditions are satisfied, thereby protecting parties from being bound to perform when key factors remain unresolved.
Condition one. (An in-scope entity or person) Condition two: (Arrangements involving evasion, abuse or tax avoidance) Condition three (Arrangements are admitted, or subject to litigation/prosecution or identified in a published list (Spotlights))
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Related to Condition one

  • Section One Definition.

  • Condition on delivery The Vessel with everything belonging to her shall be at the Sellers' risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered with her class maintained without condition/recommendation*, free of average damage affecting the Vessel's class, and with her classification certificates and national certificates, as well as all other certificates the Vessel had at the time of inspection, valid and unextended without condition/recommendation* by Class or the relevant authorities at the time of delivery.

  • Certification of Coverage Engineer shall furnish County with a certification of coverage issued by the insurer. Engineer shall not cause any insurance to be canceled nor permit any insurance to lapse. In addition to any other notification requires set forth hereunder, Engineer shall also notify County, within twenty-four (24) hours of receipt, of any notices of expiration, cancellation, non-renewal, or material change in coverage it receives from its insurer.

  • Obligation to Provide Public Access to Grant Records The Division reserves the right to unilaterally cancel this Agreement in the event that the Grantee refuses public access to all documents or other materials made or received by the Grantee that are subject to the provisions of Chapter 119, Florida Statutes, known as the Florida Public Records Act. The Grantee must immediately contact the Division's Contract Manager for assistance if it receives a public records request related to this Agreement.

  • Conditions to Obligation of the Depositor The obligation of the Depositor to purchase the Receivables is subject to the satisfaction of the following conditions: