Conditions Precedent to Certain Obligations. It is a condition precedent to (i) the obligation of a Party to make payments, assign receivables or other rights to payment, assume liabilities, or release claims hereunder, and (ii) the effectiveness of all releases and the withdrawals of claims, defenses, protests, petitions for rehearing and challenges specified hereunder, that the Settlement Effective Date has occurred.
Appears in 2 contracts
Sources: Settlement Agreement, Settlement Agreement (Reliant Energy Inc)