Onerous Condition definition
Examples of Onerous Condition in a sentence
Each of the parties shall, and the Stockholders shall use their reasonable efforts to cause UGC and its Subsidiaries to, give each party prompt written notice of any proposal or action by any Governmental Entity or other Person to impose an Onerous Condition.
If Planning Permission is granted, it will be deemed to have been granted free from Onerous Conditions unless, before the expiry of the period of ten (10) Working Days from and including the Planning Date, the Buyer gives written notice to the Seller stating that the Planning Permission is not a Satisfactory Planning Permission and specifying which of the conditions and/or obligations or limitations to which the Planning Permission is subject the Buyer regards as an Onerous Condition.
Onerous Condition any planning condition or conditions with the same effect as any referred to in Schedule 1 which is imposed in a Planning Permission.
No approval or authorization described in Section 7.1(a) shall be subject to an Onerous Condition.
Nothing herein requires Purchaser to accept an Onerous Condition.