Common use of Conditions Precedent to Entry into Force Clause in Contracts

Conditions Precedent to Entry into Force. This Compact will not enter into force unless and until each of the following conditions have been satisfied: (a) the PIA must have been executed by the parties thereto and have become effective; (b) Namibia must have delivered to MCC: (i) a certificate signed and dated by the Principal Representative of Namibia, or such other duly authorized representative of Namibia acceptable to MCC, certifying that Namibia has satisfied the requirements of Section 7.1; (ii) a legal opinion from the Attorney General of Namibia (or other entity acceptable to MCC), in form and substance satisfactory to MCC; and (iii) a certified copy of the Instrument of Ratification evidencing the ratification of this Compact by Namibia, which MCC may post on its website or otherwise make publicly available; and (c) MCC must determine that after signature of this Compact, Namibia has not engaged in any action or omission that is inconsistent with the eligibility criteria for MCC Funding.