Condition precedent: Difference between revisions
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imported>Doug Williamson m (Category added 8/10/13 and spacing) |
imported>Doug Williamson (Link with Precedent page.) |
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* [[Condition]] | * [[Condition]] | ||
* [[Loan agreement]] | * [[Loan agreement]] | ||
* [[Precedent]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Treasury_operations_infrastructure]] | [[Category:Treasury_operations_infrastructure]] | ||
Revision as of 22:24, 11 January 2017
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.
