Condition precedent: Difference between revisions
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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. | |||
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. | |||
Even more generally, any event which must happen first, before another event can happen. | |||
== See also == | == See also == | ||
* [[Condition]] | * [[Condition]] | ||
* [[Loan agreement]] | * [[Loan agreement]] | ||
[[Category:Treasury_operations_infrastructure]] | |||
[[Category:Compliance_and_audit]] | |||
Revision as of 09:52, 8 October 2013
1.
A condition of a loan agreement which must be satisfied before the loan may be drawn down.
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.
3.
Even more generally, any event which must happen first, before another event can happen.
