Condition precedent clause samples

6.Condition Precedent. Notwithstanding anything to the contrary contained in this Agreement, Tenant and Landlord acknowledge and agree that the effectiveness of this Agreement shall be subject to the following condition precedent (“Condition Precedent”) having been satisfied: Landlord shall have entered into a lease agreement with a third party (“New Tenant”) on or before August 7, 2020, pursuant to which New Tenant agrees to lease the Premises, which lease agreement shall be on terms and conditions acceptable to Landlord, in Landlord’s sole and absolute discretion. In the event that the Condition Precedent is not satisfied on or before August 7, 2020, either, Landlord or Tenant shall have the right to terminate this Agreement upon delivery of written notice to the other, in which case this Agreement shall be null and void and of no further force or effect, except for the immediately following paragraph of this Section 6 which shall survive such termination, and Landlord shall reimburse to Tenant the full amount of the Lease Modification Payment. Landlord shall have no liability whatsoever to Tenant relating to or arising from Landlord’s inability or failure to cause the Condition Precedent to be satisfied.

11.2 Termination for Failure to Satisfy Condition Precedent. If, for any reason (including a failure to meet the conditions in Section 2.1 prior to end of the Condition Precedent Period), the Condition Precedent is not fully satisfied within the Condition Precedent Period, then this Agreement shall automatically terminate in its entirety on the day after the last day of the Condition Precedent Period.

SECTION 3. Condition Precedent. It is a condition precedent to the effectiveness of this Amendment Number Two that Seller shall have delivered to Buyer a certification that it has entered into similar amendments increasing the Leverage Ratio financial covenant to [***] with all of its other counterparties that calculate Seller’s Tangible Net Worth in the related repurchase agreement, loan and security agreement or similar credit facility for borrowed funds in a similar manner as such term is defined in the Agreement. This Amendment Two shall be ineffective to the extent that any such amendments have not been executed and evidence thereof provided to Buyer.

SECTION 2.Condition Precedent. As a condition precedent to the effectiveness of this Amendment Number Two, Buyer, Seller and Ocwen Loan Servicing, LLC, as Servicer, shall have into a Servicer Instruction Letter in form and substance reasonably acceptable to Buyer.

SECTION 2. Condition Precedent. As a condition precedent to the effectiveness of this Amendment Number Three, Seller shall have paid to Buyer (i)the May 2014 Extension Commitment Fee and (ii)the first installment of the June 2014 Renewal Commitment Fee (each as defined in the Pricing Side Letter).

SECTION 2. Condition Precedent. As a condition precedent to the effectiveness of this Amendment Number Nine, Seller shall have paid to Buyer the Additional 2016 Commitment Fee as set forth in Amendment Number Seven to the Pricing Side Letter in the amount of $32,876.71, in immediately available funds, without deduction, set off or counterclaim.

On March 4, 2021, the Peruvian National Regulator of Customs and Tax Administration (“SUNAT” in its Spanish acronym) issued a certificate corresponding to the Merger, the last pending condition precedent. As a result, Enel Américas and EGP Américas have issued today the same and unique declaratory public deed, pursuant to which they have established compliance with every condition precedent that the validity of the Merger was subject to (the "Public Deed of Compliance with the Merger Conditions"). As a result, the Merger will be completed on April 1, 2021, the first day of the month following the date on which the Public Deed of Compliance with the Merger Conditions was issued, as approved by the Meeting.

1. Condition Precedent. This Warrant has been issued to Telebrands pursuant to the provisions of a certain Distribution Agreement dated as of October 15, 2012 by and between the Company and Telebrands (the “Distribution Agreement”). This Warrant may not be exercised by Telebrands unless and until Telebrands shall have first sold Four Million (4,000,000) Devices (as such term is defined in the Distribution Agreement (the “Condition Precedent”).

3. Effectiveness of this Amendment; Condition Precedent. The provisions of this Amendment shall be deemed to have become effective as of the date of this Amendment, but such effectiveness shall be expressly conditioned upon Agent’s receipt of a counterpart of this Amendment executed and delivered by duly authorized officers of the Borrower, each other Credit Party, the Required Lenders and Agent.

12. FIRST CONDITION PRECEDENT. As a condition precedent to the effectiveness of this Addendum, a duplicate original of this Addendum executed by Lessee must be received by Lessor on or before Tuesday, February 14, 2017 by 12:00 P.M., Pacific Standard Time. Should Lessor not timely receive this executed Addendum, this Addendum shall be null and void and of no legal effect.

13. SECOND CONDITION PRECEDENT. The effectiveness of this Addendum shall also be contingent upon Lessor's receipt of a written termination of that certain Lease dated January 21, 2014, by and between BALBOA AND VICTORY PARTNERSHIP as Lessor, and VESPER HEALTHCARE, INC., DBA VESPER HOSPICE, as Lessee (the "Vesper Termination") on or before Wednesday, February 15, 2017 by 12:00 P.M. Should Lessor not timely receive the Vesper Termination, this Addendum shall be null and void and of no legal effect.

4.1.2Mutual undertaking of the Parties regarding the Antitrust Condition Precedent. Each of the Parties agree to use their best endeavours to ensure that the Antitrust Condition Precedent are satisfied as soon as practicable after the date of this Agreement and, in any event, prior to the Long Stop Date.

Section 3.Condition Precedent. As a condition precedent to the effectiveness of this Amendment Number Seventeen, if not otherwise paid pursuant to Section 2 of Amendment Number Twenty-Four to the NPL Repurchase Agreement, Buyer shall have received from Seller an amount equal to the 2017 1Q Extension Fee in immediately available funds, and without deduction, set-off or counterclaim in accordance with Buyer's Wire Instructions.

Section3.01 Condition Precedent. The terms of this Amendment Agreement shall become effective if on or prior to June30, 2019 the Administrative Agent shall have received confirmation from the Borrower that it has entered into one or more credit facilities for an aggregate principal amount of at least $300,000,000 (the “Amendment Effective Date”).