Works Cited. 1  Armenti, Peter. 2  Berkin, Carol.  3 Phillis Wheatley.. 4  Sewall-Belmont House, Black Women in America, Peake Delancey, 2003. 5  Weatherford, Doris. 6  Zuck, Rochelle Raineri. 7  IMAGE: Library of Congress.
Condition Precedent. DEFINITION of 'Condition Precedent'. A legal term describing a condition or event that must come to pass before a specific contract is considered in effect or any obligations are expected of either party. There may also be condition precedents in the ongoing life of a contract, which simply state that if condition X occurs, event Y will then occur.
Condition Precedent. This Agreement shall be effective upon receipt by the Administrative Agent of counterparts of this Agreement duly executed by the Borrower, the Guarantors, the Required Lenders and Bank of America, N.A., as Administrative Agent. COPY.