Conditions Precedent to Owner’s Obligations Clause Samples

Conditions Precedent to Owner’s Obligations. Owner’s obligations under this Agreement are subject to the fulfillment or waiver by Owner of each of the following conditions: Owner has issued a Full Notice to Proceed to Contractor hereunder; and Owner has received all required board and management approvals to authorize the issuance of such Full Notice to Proceed. Contractor acknowledges that the decision whether or not to grant such approvals are in the sole, unreviewable discretion of Owner’s board of directors and management; provided, however, that Contractor is entitled to assume that if Owner issues a Full Notice to Proceed, Owner has obtained all board and management approvals necessary to authorize such issuance. REPRESENTATIVES; KEY PERSONNEL
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Conditions Precedent to Owner’s Obligations. Owner’s obligations to perform pursuant to this Agreement are expressly subject to, and contingent on, the following: (a) Receipt and acceptance by Owner of the Certificate of Public Convenience and Necessity for the Storage Facility issued by the CPUC and CPUC approval of the Storage Facility Tariff (“CPUC Approvals”). It is expressly understood that the CPUC Approvals shall be in a form and substance satisfactory to Owner in its sole discretion, including, without limitation, approvals concerning the Storage Facility’s jurisdictional status, the Storage Facility Tariff, and the treatment of Storage Facility rates and charges by such agencies or governmental authorities, including the right to charge market based rates. (b) Receipt by Owner of adequate interest in, and firm commitments to use, the Storage Facility and determination by Owner, in its sole discretion, that the Storage Facility is and will be economical. (c) Receipt of firm financing commitments to enable construction and operation of the Storage Facility acceptable to Owner in its sole discretion. (d) Receipt of final approval by the Board of Directors of Nicor, Inc. to construct and operate the Storage Facility.
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Conditions Precedent to Owner’s Obligations. The following are conditions precedent to Owner's obligation to close Escrow:
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Conditions Precedent to Owner’s Obligations. The obligations of Owner under this Agreement are subject to satisfaction (or written waiver by Owner) of each of the following conditions or requirements on the Closing Date: (a) Purchaser’s warranties and representations under this Agreement shall be true and correct. (b) All obligations of Purchaser contained in this Agreement shall have been fully performed in all material respects.
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Conditions Precedent to Owner’s Obligations. Owner shall not be obligated to accept and execute the Management Agreement hereunder unless:
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Related to Conditions Precedent to Owner’s Obligations

  • Conditions Precedent to Buyer’s Obligations Each and every obligation of Buyer to be performed on the Closing Date shall be subject to the satisfaction prior to or at the Closing of each of the following conditions:

  • Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:

  • Conditions Precedent to Purchaser’s Obligations Purchaser's obligations to perform this Agreement and consummate the transactions contemplated hereby is subject to the satisfaction (or waiver by Purchaser), on or before the Closing Date, of each of the following conditions precedent:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF DEVELOPER The obligations of Developer under this Agreement are conditioned upon the following:

  • CONDITIONS PRECEDENT TO BUYER'S OBLIGATION TO CLOSE Buyer's obligation to purchase the Shares and to take the other actions required to be taken by Buyer at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Buyer, in whole or in part):