Tata against hostile takeovers Dec 10, 2007
The managements and the boards, as a condition precedent, have in all our acquisitions said that it must have their support not their opposition. If they oppose, we walk, he told a TV channel. (India Times, India -- Intl Business)
Grady 'ransom' merits scorn Dec 3, 2007
No later than, and as a condition precedent to [turning day-to-day operations over to a management company], representatives of the business, charitable and philanthropic communities shall provide a written commitment for funds in the amount of not less than $200 million. Before acting to save itself, certain business and philanthropic leaders of the Atlanta community will commit in writing to conduct a campaign on a good faith, best effort basis to raise an additional $100 million. (Atlanta Journal-Constitution)
Gridley City Council approves $118,285 for arch over Hazel Street Nov 27, 2007
CalTrans is requiring the City to enter into a landscape maintenance agreement for maintenance of the landscaping, irrigation systems and sidewalk within the Highway 99 right-of-way as a condition precedent to issuance of the required encroachment permit. A 2008 Ford Escape Hybrid was approved for purchase in the amount of 29,982 from Gridley Country Ford to be used for a back up meter reading vehicle and administrative pool vehicle. (Gridley Herald, CA)
Denying Progress in Iraq Nov 13, 2007
It apparently never occurs to these enlightened liberals that in certain situations, the successful use of force is a condition precedent to political compromise -- a principle on full display with Iraqi tribal leaders finally turning on al-Qaeda ... It apparently never occurs to these enlightened liberals that in certain situations, the successful use of force is a condition precedent to political compromise -- a principle on full display with Iraqi tribal leaders finally turning on al-Qaeda. (Townhall.com)
Democrats Wedded to Defeat in Iraq Nov 13, 2007
It apparently never occurs to these enlightened liberals that in certain situations, the successful use of force is a condition precedent to political compromise a principle on full display with Iraqi tribal leaders finally turning on al-Qaida. So what is Richardson's proposed political solution. (Newsmax)
Mayoral candidates hoping sign thefts will stop Oct 17, 2007
Municipalities may not require written permission from property owners as a condition precedent to the posting of political campaign signs on private property. Neither insurance or a bond may be required by a municipality as a prerequisite for erecting political campaign signs on private, commercial or industrial property. (Cadillac News, MI)
More of this story Oct 10, 2007
The judge cited Hawaii Revised Statutes Chapter 343-5, which says acceptance of a required final statement shall be a condition precedent to implementation of the proposed action. The need for an assessment was triggered by Superferry s use of 40 million in state-funded harbor improvements on public lands. (Lihue Garden Island, HA)
GIMPA Rector admits hes not a Prof Oct 2, 2007
Academics who have seen the letter and have spoken to Gye Nyame Concord upon consultation say all appointments to the grade of Full Professor, which Dr. Adei has now applied for following The Ghanaian Observers expose, must meet the condition precedent of the candidate having been previously appointed an Associate Professor and having stayed on that grade for at least five years, at least by GIMPAs statutes. The letter which is dated 4th September, 2007 and signed by Dr. Stephen Adei is... (Ghana Web, Ghana)
Letters for Tuesday, October 2, 2007 Oct 2, 2007
Who came to Kauai, not to listen to concerns supported unanimously by our County Council, but to lecture Kauaians on how to not break newly imposed restrictions (already being challenged as unconstitutional) while she ignores a current court decision that the Superferry must get an EIS, which the law itself says must be done before operation (condition precedent). The pent-up anger from being ignored resulted in the rudeness displayed. (Lihue Garden Island, HA)
Buildup preps for Superferry ... Halau compete at Mokihana Festival ... Blessing of the Animals’ born in 12th Century ... New routes take flight ... Kauai students track Kilo Moana’ ... Thursday Mornings With The Garden Island ... Talk Story ... Senior Calendar ... Ballroom club classes set to start ... Kapaa High PTSA meeting tonight ... Ka Leo o Kauai meets in Anahola ... ';var marqueewidth="408px";var marqueeheight="25px";var marqueebgcolor="#white";////NO NEED TO EDIT BELOW THIS LINE////////////var pauseit=1;var marqueespeed=1 //slow speed down by 1 for NSvar copyspeed=marqueespeedvar pausespeed=(pauseit==0)? copyspeed: 0var iedom=document.all||document.getElementByIdif (iedom)document.write(''+marqueecontent+'')var actualwidth=''var cross_marquee, ns_marqueefunction populate(){if (iedom){cross_marquee=document.getElementById? document.getElementById("iemarquee") : document.all.iemarqueecross_marquee.style.left=parseInt(marqueewidth)+8+"px"cross_marquee.innerHTML=marqueecontentactualwidth=document.all? temp.offsetWidth : document.getElementById("temp").offsetWidth}else if (document.layers){ns_marquee=document.ns_marquee.document.ns_marquee2ns_marquee.left=parseInt(marqueewidth)+8ns_marquee.document.write(marqueecontent)ns_marquee.document.close()actualwidth=ns_marquee.document.width}lefttime=setInterval("scrollmarquee()",20)}window.onload=populate;function scrollmarquee(){if (iedom){if (parseInt(cross_marquee.style.left)>(actualwidth*(-1)+8))cross_marquee.style.left=parseInt(cross_marquee.style.left)-copyspeed+"px"elsecross_marquee.style.left=parseInt(marqueewidth)+8+"px"}else if (document.layers){if (ns_marquee.left>(actualwidth*(-1)+8))ns_marquee.left-=copyspeedelsens_marquee.left=parseInt(marqueewidth)+8}}if (iedom||document.layers){with (document){document.write('')if (iedom){write('')write('')write('')write('')}else if (document.layers){write('')write('')write('')}document.write('')}} New Coast Guard equipment is parked at the Young Brother yard in Nawiliwili.Dennis Fujimoto/The Garden Island KAUAI NEWS Buildup preps for SuperferryResidents driving down Niumalu Road see a regular reminder of the ongoing uncertainty surrounding Hawaii Superferry’s eventual return to Kauai.More of this story Oct 2, 2007
That section requires an EA when environmental impacts are possible and requires the EA to be completed and accepted as a condition precedent to the initiation of the action in question, he said. Here that means that the EA must be completed before the Superferry is allowed to use the harbor improvements, i.e. Superferry is required to cease operations. (Lihue Garden Island, HA)
Stand up and be counted Sep 19, 2007
The law itself states that acceptance of a required final statement shall be a condition precedent to implementation of the proposed action. As a matter of law, the operation needs to be halted. (Lihue Garden Island, HA)
DBRS Changes Rating Criteria for Canadian Commercial Paper Amid Meltdown Sep 13, 2007
The standard for the highest-rated commercial paper ``removes any requirement for a market disruption as a condition precedent to funding,'' Jerry Marriott, DBRS managing director, said today in a conference call. This ``global liquidity'' standard has already been adopted by Canada's biggest banks, allowing their commercial paper funds to roll over debt as it matures. (Bloomberg -- Canada)
guest viewpoint Sep 10, 2007
The law also states, as is routinely the case, Acceptance of a required final statement shall be a condition precedent to implementation of the proposed action. Or in other words you have to have the EA/EIS done before you can proceed. (Lihue Garden Island, HA)
No study set Superferry on doomed course Sep 6, 2007
Three decades ago when the Hawaii Environmental Protection Act was enacted, the state s elected leaders made clear that the environmental review be a condition precedent to implementation of a proposed action. In other words, the study must be complete before the project starts. (Lihue Garden Island, HA)
Economic Theory and OPEC - Part 2 Jul 21, 2007
In his candid opinion Governments are the source and not the consequence of the energy security dilemma; their withdrawal from the marketplace would provide the condition precedent for rational use of oil. He does not say in this article however that the peak oil hypothesis is hogwash, because although he believes it with all his heart and soul, saying it would cast an ugly shadow over the remainder of his precious thoughts. (Energy Pulse, CO)
Alan, Arthur In Hot Exchanges Jul 11, 2007
The respondent (Alan and Bekoe) requested and obtained the release of the funds, by the Chief Executive without signing any loan agreement which was a condition precedent to disbursement of the facility, he added to buttress his conviction that the Minister had acquired the facility wrongfully. To further affirm his complaint that the Minister and Director got the 30billion wrongfully, Mr. Arthur emphasized, In the history of EDIF all credit facilities were approved by the Board upon the... (Ghana Web, Ghana)
Boxxer Signs Option Agreement to Purchase 65% of Nalesbitan Gold Project Jul 4, 2007
The condition precedent to entering into the Option Agreement of Boxxer having to complete a C$1. 5 million financing has been waived by EDM. EDM has also obtained regulatory approval for the proposed transaction. (CCNMatthews Press Releases)
Williams fuels offshore optimism Jun 21, 2007
" Kallos is responsible for Petro-Canada's operations off Newfoundland, the North Sea, Libya and Syria, and Trinidad and Tobago. Williams emphasized, however, that the government will not move on its demand for a stake in the project. He said issues related to equity and royalties are "entrenched principles" that will be reinforced in the government's long-awaited energy plan, which is due to be released prior to the Oct. 9 general election. "They are clearly a condition precedent for moving... (St. John's Telegram)
Multiplex doesn't expect takeover backlash Jun 12, 2007
"We are subject to the Foreign Investment Review Board here and to regulatory authorities in New Zealand. Approval of those organisations is a condition precedent to the offer.". The purchase will give Brookfield properties and fundraising abilities in Australia and New Zealand, including office buildings in Sydney, Melbourne and Perth, which had the world's lowest office vacancy rate at the end of 2006. (ABC News Online, Australia -- Just In)
Trigon Completes Agreement to Acquire White Canyon Uranium Mines Jun 4, 2007
The satisfactory environmental status of the properties is a condition precedent to the closing of the acquisition and Trigon will immediately initiate an environmental review in this respect. About Trigon Uranium Corp. Trigon Uranium Corp. is a uranium exploration and development company focused on the known deposits of the south-western United States, a region that has produced over one billion pounds of uranium. (Canada Newswire)
Government may terminate Singapore gas contract midyear May 8, 2007
"If they still can't afford to comply with the CP (condition precedent), (the contract) will be terminated. We have set them a deadline of before midyear," Eddy said. Under the agreement between the government and IP, Indonesia is to deliver 110 million standard cubic feet per day (mmscfd) of gas over a period of 13 years to IP through a gas pipeline up until 2014. (Jakarta Post, Indonesia -- Business)
The long journey into annexation Apr 30, 2007
He also said there is not enough specificity concerning natural boundaries and that the entire ordinance may be rendered illegal, anyway, if a bill which states that a municipality may not require annexation as a condition precedent to providing utility services passes in the Legislature. That bill hadnt moved anywhere. (Orangeburg Times and Democrat, SC)
Ariz. urges feds on immigration tab Apr 13, 2007
"It is time for Congress to make full federal funding for states' immigration costs a condition precedent to future foreign aid funding," the border governors, both Democrats, wrote in a letter to the congressional sponsors of immigration-reform measures. advertisement. (AZCentral)
Jet-Sahara hearing to begin tomorrow Apr 9, 2007
But Sahara Airways argues that getting clearance of Jet chairman Naresh Goyal on the Air Sahara board was not a condition precedent. The three-member tribunal will focus on whether the specific conditions determined by the parties while signing the SPA were met before the cut-off date or not. (CNN-IBN)
Public Notices for Friday, April 6th, 2007 Apr 7, 2007
in print and online, 24/7. ORDER TO SHOW CAUSE FOR CHANGE OF NAME. (Santa Maria Times)
CPVC Blackcomb Inc.: Prestige Telecom Announces Financing Plans and Going Public Transaction Mar 24, 2007
It is a condition precedent of the Business Combination that the Prestige Private Placement and the FIER Croissance Durable Financing be completed for gross proceeds of not less than $1,000,000 on a combined basis. Prestige will also further increase its working capital by approximately an additional $1,800,000 by the completion of the Business Combination of Prestige and Blackcomb. (CCNMatthews Press Releases)
Mediation Provision is an Important Part of the Real Estate Purchase Contract Feb 28, 2007
Quoting from an earlier case (Johnson v. Siegel), "Seeking mediation is a condition precedent to the recovery of attorney fees by the party who initiates the action." When Van Slyke initiated the action against the Gibsons, it was not the Gibsons' responsibility to then seek mediation. That is something Van Slyke should have done prior to filing suit. (RealtyTimes)
What 'Israel's right to exist' means to Palestinians Feb 3, 2007
Even 19th-century US governments did not require the surviving native Americans to publicly proclaim the "rightness" of their ethnic cleansing by European colonists as a condition precedent to even discussing what sort of land reservation they might receive. Nor did native Americans have to live under economic blockade and threat of starvation until they shed whatever pride they had left and conceded the point. (Christian Science Monitor)
bcMetals Corporation: Power Line for Red Chris Development Moves Closer to a Reality Jan 18, 2007
The Company is prohibited from commencng construction on the project under the conditions of its Environmental Assessment Certificate without a viable source of power, a condition precedent also to its financing facility with Investec Bank UK Limited. Red Chris does not require the completion of the upgrade to the Skeena-Meziadin Junction section to commence operations. (CCNMatthews Press Releases)
The Austrian Supreme Court Has Confirmed That the Arbitration Award Dated November 26, 2004 Does Not Affect Vivendi's Rights with Respect to Its Investment in PTC Jan 10, 2007
"It is a condition precedent to the affirmation of the standing to file an annulment claim against an arbitral award that the arbitral award pursuant to its objective content interferes with the rights of the Plaintiff (Telco) asserting the annulment (of the award). This is not the case here.". Important disclaimer. (Yahoo! Wire -- Entertainment News)
Re: GTV News of Dec. 18, 2006 The Nandom Chieftaincy Dispute Jan 8, 2007
Mr. Dery is a lawyer, and the last time I checked basic law, there is something called condition precedent but it appears Mr. Derys political stomach is fast taking precedence over his professional ethics as a lawyer. If any outcomes of these latest manipulations by Mr. Dery and Naa. (Ghana Web, Ghana)
Insurers ready to cover M&A bets Dec 7, 2006
The most common is the condition precedent allegedly not being met, like in the case of the rece 00004000 nt Jet-Sahara deal. In such cases, the companies have already signed a share purchase agreement and then backed off. (India Times)
Fight on for control of Holcim SA Nov 27, 2006
"We understand that Aveng have since made clear that they do not intend to waive their pre-emption rights and so, from ASC's perspective, we are quite happy to waive this condition precedent and simply proceed. "We see this deal as being in the best interests of Holcim SA, this industry and the country. I made clear to Aveng when we last met that we intended to see this transaction completed as anticipated, with or without their support. (Business Report, South Africa)
HC ruling gives a clear picture to MNCs Nov 10, 2006
The second issue will be whether, before making a reference to the transfer pricing officer, is it a condition precedent that the assessing officer shall provide an opportunity of being heard. Third issue will be if the approval granted by the commissioner of income tax under section 92CA(1) justifiable. (India Times, India -- Intl Business)
Paa Nduom in Australia Oct 25, 2006
The Minister was asked whether that condition precedent (referred to in the document) is different from the conditions usually attached to aid. The Minister responded that there were no such conditions and conditionality in the traditional sense of those words, no quid pro quo; but that the condition precedent means where the Government of Ghana does not live up to its own objectives which it presented, that formed the basis of the money being given, then the US... (Ghana Web, Ghana)
Fitch puts PBL ratings on watch negative Oct 18, 2006
PBL will also seek certain waivers from lenders and bondholders, however, Fitch does not expect this to be a major impediment to the transaction and resolution of this issue is not a condition precedent to completion, it said. Fitch said the initial impact of the transaction on PBL's proforma credit metrics is positive (assuming PBL Media is equity accounted), with the company to receive $4. (The Age)
Sportingbet sells US operations for $1 Oct 13, 2006
The deal is subject to a condition precedent that the new legislation is signed by the President of the US and becomes law before the closing of the 109th Congressional Session. If it does not become law the US operations will revert back to Sportingbet. (RTE.ie)
Public Notices For Friday, October 13, 2006 Oct 13, 2006
Prior to, and as a condition precedent for, final payment under this Contract, the contractor will be required to provide documentation to the Owner identifying the amounts paid to DVBE s in conjunction with this Contract. The Owner reserves the right to reject any or all bids, or to waive any irregularities or informalities in any bid, and to be the sole judge of the merits of the respective Bids received. (Santa Maria Times)
BIMB issue to raise RM1billion Sep 29, 2006
Also, RHB Sakura Merchant Bankers Bhd told Bursa, on behalf of the BIMB board, that it was informed by Dubai Financial that the condition precedent on the material adverse change as contained in the Dubai Financial subscription agreement had been fulfilled, given that the provisions would not exceed RM1. 52bil from December 2005 to September 2006. (The Star Online, Malaysia)
BIMB plans EGM on Bank Islam restricted issue Sep 28, 2006
In a separate filing to the exchange, RHB Sakura Merchant Bankers Bhd said on behalf of BIMB's board of directors it had been informed by Dubai Financial LLC (DF) that the condition precedent on the Material Adverse Change as contained in the DF subscription agreement had been fulfilled given that the provisions would not exceed RM1. 52bil from December 2005 to September 2006. (The Star Online, Malaysia -- Business)
UPDATE: Melcher dismisses Gov. Fletcher case Aug 26, 2006
"While the current members of the State Personnel Board have served honorably during their tenure, in order to remove any doubt with regard to a fair tribunal that will administratively review claims within the merit system, and with a joint effort to ensure that all personnel actions are handled with independence and in accord with the law, the four current members of the Personnel Board appointed by the Governor will, as a condition precedent of this agreed order, submit resignation letters... (Cynthiana Democrat, KY)
Canada approves Tenaris' Maverick buy Aug 3, 2006
All necessary approvals under the Competition Act have been received, and the Competition Act condition precedent in the merger agreement with Tenaris has been satisfied, the release stated. Shortly after Luxembourg-based holders of Maverick's convertible notes, due in 2033, ; under the notes' indenture. (St. Louis Business Journal, MO)
Hardie boss' $4.7m Jul 9, 2006
"Having the SPF qualify for tax-exempt status remains a condition precedent to the completion of the FFA (Final Funding Arrangement)," the company said. And it emerged the latest estimate on payment costs was $3. (Daily Telegraph)
TSX Venture Exchange Daily Bulletins for July 7, 2006 Jul 8, 2006
We note that as a condition precedent to the completion of the acquisition, the Company has also agreed to provide Reel or Reel Drilling a loan of $1,975,000 cash to acquire all of the interests of the 25% minority shareholder of Reel Drilling. No Insider / Pro Group Participation. (CCNMatthews Press Releases)
I can`t be sacked without Cabinet advice: Chawla Jun 30, 2006
He, however, said "in addition to such aid and advice, a clear recommendation from the Chief Election Commissioner recommending the removal is also a condition precedent and must exist". Chawla`s submissions are at variance with those of Tandon who maintained that a complaint to the president for removing an EC had to be referred to him for his recommendations. (Zee News)
DJ's closer to final flagship buy back Jun 30, 2006
"Before we could buy back the properties from Deutsche Trust they had to satisfy two condition precedents," Ms Karlis said ... "Deutsche Bank have reached an agreement to a settlement with the ATO which was the first condition precedent. Advertisement: "Now we're left with one condition precedent, which is minority unit holders voting in favour of the transaction going ahead. (NEWS.com.au)
Rezoning ballot question voided on clarity issues Jun 28, 2006
He also noted that courts have held that "those seeking to exercise the right of referendum ... must, as a condition precedent, strictly comply with the conditions prescribed.". The panel consisted of Murphy, Judge James P. Salmon and retired Judge Robert L. Karwacki. (Sunspot.net -- Business)
DJs store buyback hits hurdle Jun 3, 2006
"We have agreed to a four-week extension with Deutsche Bank, over which time we anticipate making considerable progress in addressing the condition precedent relating to the [Tax Office]," Mr McInnes said. The delay has set the clock ticking on a December promise to shareholders that DJs would scrap the deal and implement an alternative capital management plan if "the proposed transaction is not in a position to be completed by mid-2006". (Sydney Morning Herald -- Business)
European Commission Approves Merger of Axalto-Gemplus May 20, 2006
This step constitutes satisfaction of an important condition precedent to the proposed combination of the companies anticipated to occur upon the parties' satisfying the remaining conditions under their contractual agreements. Axalto and Gemplus have committed to maintain their current business practices of patent licensing and making available to card competitors the interoperability information for Over The Air (OTA) SIM card administration. (PR Newswire)
Lawyer, brewer and storm of trouble Mar 5, 2006
It is a condition precedent of the deal that there will be no US objection. It is my understanding, however, that the US government operates the embargo with a degree of discretion. (Guardian Unlimited)
