Satisfaction of Requirements Clause Samples
The Satisfaction of Requirements clause establishes that certain obligations or actions under the agreement are contingent upon meeting specified criteria or standards. In practice, this means that a party must fulfill particular requirements—such as obtaining approvals, completing deliverables to a defined quality, or passing inspections—before proceeding to the next stage or receiving payment. This clause ensures that both parties have a clear understanding of the conditions that must be met, thereby reducing disputes and ensuring that expectations are aligned throughout the contractual relationship.
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Satisfaction of Requirements. Any and all legal requirements for the provisions of this Agreement to constitute restrictive covenants running with the land of the Project and applying to the Project as a whole, or to create equitable servitudes with respect to same in favor of OHCS, are deemed satisfied in full.
Satisfaction of Requirements. The Parties hereby acknowledge that, as of the date hereof, all of the obligations, requirements and arrangements under Clauses 4.1 through 4.3 above have been satisfied in full.
Satisfaction of Requirements. The issuance by the Corporation of this Agreement, together with the 1997 Plan Option and the 1992 Plan Option, constitutes complete satisfaction of the obligations of the Corporation under Section III (G) of the Employment Agreement.
Satisfaction of Requirements. The Parties hereby acknowledge that as of the date hereof, all of the obligations, requirements and arrangements under Clause 12 with respect to the Metering System of the Early Generation Facility and of the First Plant have been satisfied in full.
Satisfaction of Requirements. The Goods, Services and/or Deliverables must (as applicable):
(a) be of merchantable quality and free from defects in design, materials or construction;
(b) comply with:
i. any Requirements;
ii. the description of the Goods, Services or Deliverables in the Purchase Order;
iii. any samples, patterns, drawings, plans and specifications the Supplier may have provided or referred to in the Purchase Order;
(c) be fit for the purposes for which they are intended to be used as communicated to, or that are or ought to be known by, the Supplier;
(d) be new and unused, unless the Purchaser has agreed otherwise in writing;
(e) be supplied with all due diligence, skill and care to be expected of persons fully qualified and experienced in their provision;
(f) be packaged so as to protect the contents and keep them clean, dry and in a new condition until they are first used, if appropriate; and
(g) be free from any security interest, lien or encumbrance.
Satisfaction of Requirements. The Parties hereby acknowledge that, as of the date hereof, all of the obligations, requirements and arrangements under Clauses 5.1 through 5.9 and under Clause 5.11 above have been satisfied in full, and the Contracted Plant Capacity was determined pursuant to the Appraisal Works and the Appraisal Programme at 48 MW.
Satisfaction of Requirements. Seller has delivered to Buyer reasonably satisfactory evidence that all payments required to be made and all other conditions of approval for development of the Real Property under the Permits, the Construction Plans, the Documents and the Property Documents have been made or satisfied.
Satisfaction of Requirements. The Parties hereby acknowledge that all of the Conditions Precedent referred to under Clause 16.7 have been fulfilled.
Satisfaction of Requirements a. Nothing in this subsection (e) shall be read to require the Franchisee to carry more commercial or non-commercial broadcast programming than it is required to carry under the Cable Television Consumer Protection and Competition Act of 1992.
Satisfaction of Requirements. The Parties acknowledge that all of the obligations, requirements and arrangements under Clauses 11.9.1 through 11.9.3 have been satisfied in full, and shall cease to be applicable to the Project, as of the occurrence of both the Effective Date and of OrPowers4’s receipt of the amendment to GOK Letter incorporating the Fourth Plant in a form agreed by OrPower 4 and the GOK os required under the definition of the ״Establishment Date of the Fourth Plant."
4.4 The Parties recognize that if, pursuant to one or more Subsequent Notices of Fourth Plant Exercise, the total combined Contracted Capacities of the Plants shall exceed 150 MW, an additional 220 kV transmission line may be required to be constructed between the Olkaria III facility and the Olkaria II substation in order to ensure system stability and reliability. Accordingly, the following new paragraph will be added to Part C of Schedule 2, as clause 14.13: