Glossary / finance terms
Conditions precedent (CPs)
Requirements that must be met or waived before a contractual obligation, often a loan draw, becomes effective.
Why the distinction matters
Identify who certifies satisfaction and who may waive each condition. A signed loan with unmet draw conditions may provide no immediately usable liquidity.
Read the structure
Funding a build from land and power milestones to a financeable operating asset.
Data centre construction finance ↗For in-house counsel
Conditions precedent in the filed documents
Where the term turns up in filed contracts and what is market, for the lender’s or the borrower’s side. Previews are open; the full text is free with InfraCompute Weekly.
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- The legal desk for in-house counselContract library, issues lists, checklists and English law notes.
Related terms
Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.
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