Common use of Fulfilment of Conditions Precedent Clause in Contracts

Fulfilment of Conditions Precedent. (a) The Generator shall use reasonable endeavours to fulfil or procure the fulfilment of: (i) the Initial Conditions Precedent as soon as reasonably practicable and in any event no later than the Initial Longstop Date; and (ii) the Operational Conditions Precedent as soon as reasonably practicable and in any event before the Longstop Date. (b) The DPA Counterparty shall notify the Generator as soon as reasonably practicable after the DPA Counterparty considers that: (i) the Initial Conditions Precedent have been fulfilled (or waived in accordance with clause 6.4 (Waiver)); and (ii) the Operational Conditions Precedent have been fulfilled (or waived in accordance with clause 6.4 (Waiver)) ("Operational CP Fulfilment Notice"). (c) Upon receipt of the Operational CP Fulfilment Notice, the Generator shall notify the DPA Counterparty of the date that the Generator has selected as the "Start Date" in accordance with, and subject to, the definition of that term in clause 1.1 (Definitions).

Appears in 1 contract

Sources: Dispatchable Power Agreement

Fulfilment of Conditions Precedent. (a) The Generator shall use reasonable endeavours to fulfil or procure the fulfilment of: (i) the Initial Conditions Precedent as soon as reasonably practicable and in any event no later than the Initial Longstop Datedate which falls twenty (20) Business Days after the date of the Agreement; and (ii) the Operational Conditions Precedent as soon as reasonably practicable and in any event before the Longstop Date. (b) The DPA Counterparty shall notify the Generator as soon as reasonably practicable after the DPA Counterparty considers that:that:‌ (i) the Initial Conditions Precedent have been fulfilled (or waived in accordance with clause 6.4 6.5 (Waiver)); and (ii) the Operational Conditions Precedent have been fulfilled (or waived in accordance with clause 6.4 6.5 (Waiver)) ("Operational CP Fulfilment Notice"). (c) Upon receipt of the Operational CP Fulfilment Notice, the Generator shall notify the DPA Counterparty of the date that the Generator has selected as the "Start Date" in accordance with, and subject to, the definition of that term in clause 1.1 (Definitions).Definitions).‌

Appears in 1 contract

Sources: Dispatchable Power Agreement