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condition precedentn. 1) in a contract, an event which must take place before a part...
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condition precedentAn event or state of affairs that must occur before something else will be required to occur. In a contract, a condition precedent is an event that must take place before the parties must perform the [..]
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condition precedentsee condition
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condition precedentA condition which must be satisfied by a debtor before a Facility may be utilised. After the Facility Agreement has been signed, no money can be borrowed until the conditions precedent have been satisfied.
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condition precedentCondition precedent is “one which must be performed either before a contract becomes effective or which is to be performed by one party to an existing contract before the other party is obligated to p [..]
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condition precedentConditions Precedent in a policy come in two main types: The first is a condition precedent to the validity of the policy or commencement of the risk, such as the payment of premium. A condition [..]
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condition precedentLegal term for a "subject to" clause. In contract law, a condition precedent calls for the happening of some event or the performance of some act the contract shall be binding upon the parties.
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