Condition Precedent Satisfaction Date definition
Examples of Condition Precedent Satisfaction Date in a sentence
The condition precedent set out in clause 2.1 is for the benefit of Service Provider and Service Provider must act reasonably and prudently to satisfy that condition precedent by the Condition Precedent Satisfaction Date.
Condition Precedent Satisfaction Date [insert date] Snuggery 800 700 900 2,000 Mount Gambier 600 550 650 2,000 Penola 320 250 390 2,000 * Maximum and minimum pressures are dependent on the direction of flow.
If the condition precedent set out in clause 2.1 has not been satisfied or waived by Condition Precedent Satisfaction Date (or such later date as the Parties may agree in writing), either Party may, by giving not less than 7 Days' Notice to the other Party, terminate this Agreement and the provisions of clause 32.6 apply.
The condition precedent set out in clause 2.1 is for the benefit of Service Provider, and Service Provider must act reasonably and prudently to satisfy that condition precedent by the Condition Precedent Satisfaction Date.
Elion shall promptly deliver to Processa copies of all official correspondence with the applicable patent and trademark offices in the Territory relating to the Elion Patent Rights and, after the Condition Precedent Satisfaction Date shall promptly provide Processa drafts of all proposed material filings and correspondence to any patent authority with respect to the Elion Patent Rights for Processa’s review and comment prior to the submission of such proposed filings and correspondences.
During the period beginning on the Condition Precedent Satisfaction Date and ending on the date that is thirty (30) days after the Condition Precedent Satisfaction Date, Elion shall transition Elion Know-How to Processa and provide Processa with reasonable amounts of consultation regarding the transferred Elion Know-How.
From and after the Condition Precedent Satisfaction Date, Processa shall have the right to grant sublicenses under the licenses to Elion Intellectual Property and Elion’s interest in the Joint Intellectual Property granted to Processa under Section 2.2(a) to its Affiliates and to Third Parties subject to Elion’s prior written approval; provided, however, that any such sublicense shall be subject to all applicable terms and conditions of this Agreement.
From and after the Condition Precedent Satisfaction Date, and subject to the terms of this Agreement, including the requirements of ARTICLE V, Processa (together with its Affiliates or Sublicensees) shall control and be solely responsible for the Commercialization of Products in the Field in the Territory, including all costs and expenses relating thereto.
Notwithstanding any other provision in this Confirmation, Seller will have no obligation to transfer Green Attributes to Purchaser unless the Condition Precedent Satisfaction Date has occurred.
If Processa satisfies the Condition Precedent pursuant to Section 2.1, the out-of-pocket costs and expenses incurred by Elion after the Condition Precedent Satisfaction Date to obtain, prosecute and maintain Elion Patent Rights shall be borne one hundred percent (100%) by Processa.