Common use of TERM AND CONDITIONS PRECEDENT Clause in Contracts

TERM AND CONDITIONS PRECEDENT. The effective date of this Agreement shall be the Execution Date. The commercial terms of purchase and sale set forth in this Agreement shall become operative as of the Phase One Effective Date (as defined below), provided that:

Appears in 7 contracts

Sources: Lithium Offtake Agreement (Lithium Americas Corp.), Lithium Offtake Agreement (Lithium Americas Corp.), Master Purchase Agreement (1397468 B.C. Ltd.)

TERM AND CONDITIONS PRECEDENT. The effective date of this Agreement shall be the Execution Date. The commercial terms of purchase and sale set forth in this Agreement shall become operative as of the Phase One Two Effective Date (as defined below), provided that:

Appears in 3 contracts

Sources: Lithium Offtake Agreement (Lithium Americas Corp.), Limited Liability Company Agreement (Lithium Americas Corp.), Investment Agreement (Lithium Americas Corp.)

TERM AND CONDITIONS PRECEDENT. The effective date of this Agreement shall be the Execution Date. The commercial terms of purchase and sale set forth in this Agreement shall become operative as of the Phase One Two Effective Date (as defined below), provided that: 1.1 [Redacted — commercially sensitive information] 1.2 [Redacted — commercially sensitive information]

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Lithium Americas Corp.), Lithium Offtake Agreement (Lithium Americas Corp.)