• The continuing existence of the lease was not a condition precedent to the right to review the rent.
* * *
Full compliance with the relevant procedure will be a condition precedent to the completion of the transaction.
In real estate, for example, a mortgage contract will have a condition precedent that an inspection to assess the condition and value of the property must occur and be agreed to by both the buyer and the lender before the mortgage contract takes effect.
Condition precedents are also quite common in wills and trusts, where the transfer of money or property only occurs after certain stipulations are met, such as an heir being married or reaching a certain age.
United Glossary of Bankruptcy Terms2012.
попередня умова; відкладна умова; умова набирання чинності (договору)
попередня умова