Plan Conditions Clause Samples

The Plan Conditions clause sets out the specific requirements and criteria that must be met for a particular plan, agreement, or project to proceed or remain in effect. Typically, this clause details obligations such as obtaining necessary approvals, meeting regulatory standards, or achieving certain milestones before further actions can be taken. By clearly outlining these prerequisites, the clause ensures that all parties understand what must be accomplished, thereby reducing uncertainty and helping to prevent disputes over whether the plan can move forward.
Plan Conditions. The plan shall contain such normal qualifications and conditions as are provided in plans underwritten by the carrier selected by the School District as long as the plan provides not less than the coverage and benefits identified in the preceding paragraphs.
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Plan Conditions. (i) the Agreed Plan shall have been approved by creditors at a GMC without any material changes, provided, however, that, if such a change to the Agreed Plan is made, each Investor that has not terminated this SRC Agreement with respect to such Investor pursuant to its termination right under Section 12(b) hereof within 30 calendar days of due notice of change having been provided by the Debtors to the Investors, then such Investor shall be deemed to have waived this condition; (ii) the Agreed Plan shall have been confirmed by the Reorganization Court without any material changes, provided, however, that, if such a change to the Agreed Plan is made, each Investor that has not terminated this SRC Agreement with respect to such Investor pursuant to its termination right under Section 12(b) hereof within 30 calendar days of due notice of change having been provided by the Debtors to the Investors, then such Investor shall be deemed to have waived this condition; and (iii) there shall not have been a material breach of any obligation by any of the Debtors under the Agreed Plan, provided, however, that, if such a breach occurs, each Investor that has not terminated this SRC Agreement with respect to such Investor pursuant to its termination right under Section 12(b) hereof within 30 calendar days of due notice of change having been provided by the Debtors to the Investors, then such Investor shall be deemed to have waived this condition.
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Plan Conditions. 6.1 This benefit is subject to the following conditions:  We must be informed within one month of the members death. We may not insist on this if there are exceptional medical or other reasons why we were not informed.  We must receive a completed claim form, which will be issued by us.  We must receive an original death certificate, within one month of the members death.  We must receive proof that the member was actively in work at the time of the members death, so that we can consider a claim under an Employed Membership Plan  No membership fees were outstanding at time of death.  This benefit will only apply whilst the member: o resides or travels within the UK, European Union, or United States, and o resides temporarily or travels outside of the UK, European Union or United States for a period not exceeding three consecutive months in any 12 months. If this period is exceeded, this benefit shall not be available unless we have given you prior written confirmation. If the member resides or travels outside the UK, European Union, or United States for more than 12 consecutive months, we will be entitled to cancel this benefit
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Plan Conditions. The following events or transactions shall have occurred, in each case on terms and conditions reasonably satisfactory to Administrative Agent: (i) The Plan and all documents executed in connection with the implementation of the Plan shall be reasonably satisfactory in form and substance to Administrative Agent and Syndication Agent (it being understood that the plan of reorganization filed with the Bankruptcy Court on March 2, 2007 is reasonably satisfactory to Administrative Agent and Syndication Agent); (ii) The capitalization of Holdings and its Subsidiaries and the sources and uses of the funds of Holdings and its Subsidiaries on the Plan Effective Date and in connection with the implementation of the Plan shall be consistent in all material respects with the pro forma financial statements and other information delivered to Lenders prior to the date of this Agreement; (iii) All conditions precedent to the effectiveness of the Plan shall have been met (or waived), the Plan Effective Date and substantial consummation of the Plan shall have occurred (or shall be scheduled to occur upon conversion of the Credit Facilities to the Exit Facilities on the Exit Facilities Conversion Date), and the Plan shall be in full force and effect; (iv) The Bankruptcy Court shall have entered an order in form and substance satisfactory to Administrative Agent and Syndication Agent confirming the Plan and approving and authorizing the transactions contemplated thereby and the granting of liens under the Credit Documents and containing a release in favor of Administrative Agent and the Syndication Agent and the Lenders and their respective affiliates (the “Confirmation Order”) and such Confirmation Order shall be final, valid, subsisting and continuing and shall not have been reversed, amended, stayed or otherwise modified and shall not be subject to a motion to stay and shall be in full force and effect; (v) there shall be no motion to revoke confirmation of the Plan pending and there shall be no petition for rehearing or certiorari pending in respect of such motion; (vi) all appeal periods relating to the Confirmation Order shall have expired, and there shall be no petition for rehearing or certiorari pending in respect of the Confirmation Order which could reasonably be expected, in the reasonable judgment of Administrative Agent, to adversely affect the Plan; and (vii) the Canadian Court shall have entered the Canadian Confirmation Order; the Canadian Confirmation Order...
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Related to Plan Conditions

  • Termination Conditions This Agreement terminates upon the earlier of any of the following events: a.

  • ELIGIBILITY CONDITIONS The eligibility conditions specified in Adoption Agreement Section 2.01 are effective for Plan Years beginning after _______________________.

  • Test conditions 6.1.1. The test shall be performed on a flat, dry concrete or asphalt surface affording good adhesion. 6.1.2. The ambient temperature shall be between 0°C and 45°C. 6.1.3. The horizontal visibility range shall allow the target to be observed throughout the test.

  • PAYMENT CONDITIONS 6.01 Prices shall remain firm for the initial term of the Agreement and, thereafter, may be adjusted annually as provided in this paragraph. The County does not guarantee any minimum or maximum amount of dollars to be spent under this Agreement. 6.02 Negotiations for rate changes shall be commenced, by CONTRACTOR, a minimum of ninety days (90) prior to the expiration of the Agreement. Rate changes are not binding unless mutually agreed upon in writing by the County and the CONTRACTOR. 6.03 Invoice amounts shall be billed directly to the ordering department. 6.04 CONTRACTOR shall submit such invoice periodically or at the completion of services, but in any event, not later than 30 days after completion of services. The invoice shall set forth the amounts claimed by CONTRACTOR for the previous period, together with an itemized basis for the amounts claimed, and such other information pertinent to the invoice. The County shall certify the invoice, either in the requested amount or in such other amount as the County approves in conformity with this Agreement and shall promptly submit such invoice to the County Auditor-Controller for payment. The County Auditor-Controller shall pay the amount certified within 30 days of receiving the certified invoice.

  • Prior Conditions Satisfied All conditions set forth in §10 shall continue to be satisfied as of the date upon which any Loan is to be made or any Letter of Credit is to be issued.