Venture Deals · glossary
Something that must happen before the parties must complete. At Solaris the regulator’s check of the new controller was a condition, and no party could waive it. Clause 5.1 · Chapter 6
Explained in Chapter 6, The Term Sheet and the Document Set, of Venture Deals.
The main page for this term is Condition precedent (CP), in M&A Foundations.
That step is a condition (something that must happen before completion) in clause 5.1. Clause 5.3 lets the investors waive the other condition, the adoption of the new constitution. But no party may waive the regulator's step. The agreement then set its deadline for the conditions at the same eight weeks…Read Chapter 6, The Term Sheet and the Document Set →
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