EXPENSE ALLOCATION AGREEMENT. This AGREEMENT, effective as of ______, 199__ , is by and between the. [list each fund] with offices at__________________(collectively the Funds) and. [list union and other entities] with offices at__________________(the Union).
A condition in a contract that causes the contract to become invalid if a certain event occurs. A condition in a contract or will that causes the contract to become invalid if a certain event occurs.This is different from a condition precedent.The happening of a condition subsequent may invalidate a contract which is, until that moment, fully valid and binding. In the case of a condition precedent, no binding contract exists until the condition occurs. condition in a contract that causes the contract to become invalid if a certain event occurs. A condition in a contract or will that causes the contract to become invalid if a certain event occurs.
A term of a Contract may be classified as a condition or a warranty. A term may be a pre-condition to formation of the contract (a. condition precedent) or a pre-condition to performance (a condition. subsequent). In this article a condition precedent and a condition. subsequent are both referred to as a âconditionâ. A warranty is a term. collateral to the main purpose of the contract.