Conditional Obligation Sample Clauses
A Conditional Obligation clause establishes that a party's duty to perform a specific action is dependent on the occurrence of a particular event or fulfillment of a stated condition. For example, a buyer's obligation to pay may only arise if the seller delivers goods that meet agreed specifications, or a contractor's duty to begin work may hinge on receiving a permit. This clause ensures that parties are only required to act when certain prerequisites are met, thereby allocating risk and clarifying responsibilities in situations where future events are uncertain.
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Conditional Obligation. This Section applies only to additional activities that a teacher is obligated to attend. It does not apply to committee meetings that are comprised of volunteer members.
Conditional Obligation. Stockholder acknowledges and agrees that Acquisition Sub’s obligation to accept for payment Company Shares tendered into the Offer, including any Company Shares tendered by Stockholder, is subject to the terms and conditions of the Merger Agreement and the Offer.
Conditional Obligation. Stockholder acknowledges and agrees that Merger Subsidiary’s obligation to accept for payment shares of Company Common Stock tendered into the Offer, including any shares of Company Common Stock tendered by Stockholder, is subject to the terms and conditions of the Merger Agreement and the Offer.
Conditional Obligation. Securityholder acknowledges and agrees that Purchaser’s obligation to accept for payment Company Shares in the Offer, including any Subject Shares tendered by Securityholder, is subject to the terms and conditions of the Tender Offer Agreement and the Offer.
Conditional Obligation. The Principal Holder agrees that Purchaser’s obligation to accept for payment shares of Covered Shares tendered into the Offer is subject to the terms and conditions of the Merger Agreement and the Offer.
Conditional Obligation. Nothing in this Agreement shall obligate Parent or Purchaser to deliver an Irrevocable Conversion Notice.
Conditional Obligation. The Stockholder acknowledges and agrees that Merger Sub’s obligation to accept for payment of shares of Company C-1 Preferred Stock tendered into the Offer, including any shares of Company C-1 Preferred Stock tendered by the Stockholder, is subject to the terms and conditions of the Merger Agreement and the Offer.
Conditional Obligation. The Stockholder acknowledges and agrees that Merger Sub’s obligation to accept for payment of shares of Company Common Stock tendered into the Offer, including any shares of Company Common Stock tendered by the Stockholder, is subject to the terms and conditions of the Merger Agreement and the Offer.
Conditional Obligation. Each Fulcrum Securityholder agrees and acknowledges that the Closing is conditional on the successful closing of the Share Purchase Transaction and the satisfaction or waiver of all conditions to the Amalgamation as set forth in the Amalgamation Agreement.
Conditional Obligation. Any obligations of the Company to provide payments and benefits to the Employee under this Section 10 are expressly conditioned on the Employee's compliance with Sections 11 and 12 of this Employment Agreement.