refinancing not going ahead, page-20

Poor Optimix, still struggling to understand what a condition precedent is. Arguing about the spelling will get you no where and will not reduce your embarassment of knowing what it is.
To assist you, let me post this link:
http://www.duhaime.org/dictionary/dict-c.aspx

and the definition:
Condition precedent
A contractual condition that suspends the coming into effect of a contract unless or until a certain event takes place. Many residential real estate contracts have a condition precedent which states that the contract is not binding until and unless the property is subjected to an professional inspection, the results of which are satisfactory to the purchaser

Now trying to understand this - that must be a real challenge.

Cheers