Master Agreement Conditions Precedent

Definition

Master Agreement Conditions Precedent. Conditions precedent on payment or delivery on a transaction transacted under this Master Agreement.

Example

Example text: "Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement. " In the above, the Obligations defined under Section 2(a)(i) of the Master Agrement is the obligation to make each payment or delivery defined in a Confirmation for a transaction carried out under this Master Agreement.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.