Automatic Effect Clause Samples
The "Automatic effect" clause establishes that certain actions, changes, or consequences will occur immediately and without the need for further approval or notification once specified conditions are met. For example, this clause might stipulate that a contract is automatically renewed, terminated, or amended upon the occurrence of a particular event, such as the passage of a deadline or the fulfillment of a condition. Its core practical function is to streamline processes and reduce administrative burdens by ensuring that contractual changes or effects happen seamlessly and predictably, minimizing the risk of oversight or delay.
Automatic Effect. Effective [ * ] the consummation of such Subject Transaction:
Automatic Effect. In all cases hereunder, regardless of whether GSK elects to terminate this Agreement or not, in accordance with Section 13.1.2, effective [ * ] the consummation of such Subject Transaction: [ * ]
Automatic Effect. In all cases hereunder, regardless of whether GSK elects to terminate this Agreement or not, in accordance with Section 13.1.2, effective [ * ] the consummation of such Subject Transaction:[ * ].” [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24B-2 of the Securities Exchange Act of 1934, as amended.
Automatic Effect. If a Related Employer is a Participating Employer, and thereafter ceases to be a Related Employer (but is still a Participating Employer), then the provisions of this Article XII will apply thereafter until the Plan is no longer maintained by a Participating Employer which is not a Related Employer.
Automatic Effect