Condition precedent: Difference between revisions
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1. | 1. ''Loan agreement.'' | ||
2. More generally in contract law, a contractual condition which must be satisfied, before a party becomes legally obliged to perform their side of the contract. | A condition of a loan agreement which must be satisfied before the loan may be drawn down. | ||
2. ''Law - contracts.'' | |||
More generally in contract law, a contractual condition which must be satisfied, before a party becomes legally obliged to perform their side of the contract. | |||
3. ''Other contexts.'' | |||
Even more broadly, any event which must happen first, before another event can happen. | |||
== See also == | == See also == | ||
* [[Condition]] | * [[Condition]] | ||
* [[Contract]] | |||
* [[Loan agreement]] | * [[Loan agreement]] | ||
* [[Precedent]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Treasury_operations_infrastructure]] | |||
Latest revision as of 23:01, 25 March 2021
1. Loan agreement.
A condition of a loan agreement which must be satisfied before the loan may be drawn down.
2. Law - contracts.
More generally in contract law, a contractual condition which must be satisfied, before a party becomes legally obliged to perform their side of the contract.
3. Other contexts.
Even more broadly, any event which must happen first, before another event can happen.
