Example ContractsClausesConditions Precedent
Conditions Precedent
Conditions Precedent contract clause examples

Conditions Precedent to this Agreement. The effectiveness of this Agreement and the obligation of the Lenders to continue to make the Facility (or any portion thereof) available to the Borrowers under this Agreement shall be expressly subject to the satisfaction of the conditions precedent set forth in Section 3 of the Seventh Amendment.

Conditions Precedent. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:

Conditions Precedent. This Amendment shall become effective as of the date hereof after each of the following conditions is satisfied (such date the “Effective Date”):

Conditions Precedent. This Amendment shall be effective on the first date each of the following conditions precedent has been satisfied:

Conditions Precedent. The effectiveness of this Amendment shall be subject to the prior satisfaction of each of the following conditions:

Conditions Precedent. Tenant understands and acknowledges that Landlord intends to enter into a lease with New Tenant for the Premises, and that the execution and delivery of such lease is a condition precedent to the occurrence of the Termination Date and Landlord’s agreement to terminate this Lease in accordance with the terms hereof. Accordingly, the “Termination Date” shall be the date that is five (5) days following the date that Landlord notifies Tenant in writing that Landlord and New Tenant have executed a lease (the “New Lease”), acceptable to Landlord in its sole and absolute discretion, for the Premises. Notwithstanding the foregoing, Landlord shall have the right to terminate this Amendment by providing Tenant with written notice thereof at any point between the Effective Date and the Termination Date. In the event # the Termination Date does not occur on or prior to the date that is thirty (30) days following the Effective Date, or # Landlord so elects to terminate this Amendment in accordance with the prior sentence, then this Amendment shall be deemed automatically null and void, and Landlord shall continue to hold the Letter of Credit proceeds as cash Security Deposit pursuant to the terms of the Lease, and shall, within two (2) business days following the Outside Termination Date, or the date it provides such termination notice, return to Tenant the remainder of the Termination Fee paid by Tenant pursuant to Section 4(b). Notwithstanding anything to the contrary set forth above, Tenant shall have the right to replace said cash Security Deposit with a letter of credit in accordance with the terms of [Section 11.3] of the Original Lease, and Landlord shall return to Tenant the cash Security Deposit within two (2) business days following Landlord’s receipt of such letter of credit.

2.1Conditions to the Loan.

Conditions Precedent. This Amendment shall be effective upon satisfaction of the following conditions precedent:

Initial conditions precedent

Conditions Precedent. The effectiveness of this Agreement and the obligations of the Amendment No. 1 Revolving Credit Lenders to make Loans or any other extensions of credit in respect of the Revolving Credit Commitment Increase are subject to the satisfaction of each of the following conditions (the date of the satisfaction of all such conditions, the “Amendment No. 1 Effective Date”):

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