Obligations to Satisfy the Conditions Precedent Sample Clauses

The "Obligations to Satisfy the Conditions Precedent" clause defines the parties' responsibilities to ensure that all specified conditions required for the contract to become effective are met. Typically, this clause outlines which party is responsible for fulfilling particular conditions, such as obtaining regulatory approvals, securing financing, or delivering necessary documents. Its core practical function is to allocate responsibility and establish a clear process for meeting preconditions, thereby reducing uncertainty and preventing delays in the contract's execution.
Obligations to Satisfy the Conditions Precedent. 3.3.1 Each of Generator and MSEDCL shall use all reasonable endeavors to procure the satisfaction in full of the conditions precedent set out above when and in so far as the subject matter of the relevant condition falls within the scope of its respective responsibility under Clause 3.1.
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Obligations to Satisfy the Conditions Precedent. Each of the Company and Founding Shareholders shall use its or his commercially reasonable efforts to ensure the satisfaction of the Conditions Precedent set forth in Section 3.1 as soon as possible.
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Obligations to Satisfy the Conditions Precedent. (a) Each Party hereto shall use all reasonable endeavors at its cost and expense to procure the satisfaction in full of its respective Conditions Precedent set out above within 30 days of this Agreement. The Concessioning Authority may at any time at its sole discretion waive fully or partially any of the Conditions Precedent. (b) Upon satisfaction in full of all Conditions Precedent for a Party, the Parties shall forthwith issue to the other Party a certificate of compliance with Conditions Precedent (the “Certificate of Compliance”). (c) The later of the date of issuance of the Certificate of Compliance by either of the Party shall be the Compliance Date. The obligations of the Parties shall commence from the Compliance Date.
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Related to Obligations to Satisfy the Conditions Precedent

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

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER The obligation of Seller to consummate the transactions contemplated by this Agreement shall be subject to the satisfaction, on or before the Closing Date hereunder, of each of the following conditions, all or any of which may be waived, in whole or in part, by Seller.

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF THE BUYER The obligations of the Buyer to consummate the transactions contemplated by this Agreement are subject to the satisfaction (or waiver by the Buyer in writing) of the following conditions as of the Closing Date:

  • Conditions Precedent to Obligations of Purchaser The obligation of Purchaser to consummate the transactions contemplated by this Agreement is subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived by Purchaser in whole or in part to the extent permitted by applicable Law): (a) the representations and warranties of Seller set forth in this Agreement and in each of the Transaction Documents shall be true and correct in all material respects as of the Closing Date as though made on and as of the Closing Date, except that those representations and warranties that are modified as to materiality or contain a qualification referring to a “Material Adverse Effect” or any similar modification or qualification shall be true and correct in all respects as of said dates; (b) Seller shall have performed and complied in all material respects with all obligations and agreements required in this Agreement to be performed or complied with by them prior to the Closing Date; (c) Purchaser shall have received a certificate signed by an authorized officer of Seller, dated the Closing Date, certifying that the conditions contained in Sections 9.1(a) and 9.1(b) have been fulfilled; (d) there shall not be in effect on the Closing Date any Order or Law restraining, enjoining or otherwise prohibiting or making illegal the consummation of any of the transactions contemplated by this Agreement or any of the Transaction Documents or that could reasonably be expected to otherwise result in a material diminution of the benefits of the transactions contemplated by this Agreement or any of the Transaction Documents to Purchaser, and there shall not be pending or threatened on the Closing Date any action in, before or by any Governmental Body that could reasonably be expected to result in the issuance of any such Order or the enactment, promulgation or deemed applicability of any such Law to Purchaser or the transactions contemplated by this Agreement or any of the Transaction Documents; (e) there shall not be any action, suit, or proceeding pending or threatened before any Governmental Body that could reasonably be expected to (i) prevent consummation of any of the transactions contemplated by this Agreement or the Transaction Documents, (ii) cause any of the transactions contemplated by this Agreement to be rescinded following consummation, or (iii) have a Seller Material Adverse Effect on the right of Purchaser to own the Purchased Shares or to own and operate the Purchased Assets (and no such Order shall be in effect); (f) [Reserved];

  • Conditions Precedent to Obligations of the Company The obligations of the Company to effect the Merger and otherwise consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing, of the following conditions: