Binding Effect of Recitals Sample Clauses

The "Binding Effect of Recitals" clause establishes that the statements and background information provided in the recitals section of a contract are legally enforceable and form an integral part of the agreement. In practice, this means that the parties agree that the context, intentions, or facts described in the recitals are not merely introductory but have contractual significance and may be referenced to interpret the parties' obligations. This clause ensures that the recitals are not dismissed as non-binding, thereby providing clarity and preventing disputes over the relevance or enforceability of the background information included in the contract.
Binding Effect of Recitals. The above Recitals are incorporated into this Agreement by reference. Capitalized terms not otherwise defined herein shall have the meanings provided in the Notes and the Extension Agreement.
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Binding Effect of Recitals. The above Recitals are incorporated into this Agreement by reference.
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Binding Effect of Recitals. The above Recitals are incorporated into this Agreement by reference. Maker represents and warrants that the recitals are true and correct in all respects. Capitalized terms not otherwise defined herein shall have the meanings provided in the KMG Loan Documents.
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Related to Binding Effect of Recitals

  • Binding Effect of Agreement This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, assigns and legal representatives.

  • Binding Effect of Decisions The decision or action of the Plan Administrator with respect to any question arising out of or in connection with the administration, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement.

  • Binding Effect of Resolutions Every resolution and every Extraordinary Resolution passed in accordance with the provisions of this Article 7 at a meeting of Registered Warrantholders shall be binding upon all the Warrantholders, whether present at or absent from such meeting, and every instrument in writing signed by Registered Warrantholders in accordance with Section 7.14 shall be binding upon all the Warrantholders, whether signatories thereto or not, and each and every Warrantholder and the Warrant Agent (subject to the provisions for indemnity herein contained) shall be bound to give effect accordingly to every such resolution and instrument in writing.

  • Governing Law; Binding Effect This First Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York and shall be binding upon the parties hereto and their respective successors and assigns.

  • Binding Effect; Assignability This Agreement shall be binding upon and inure to the benefit of the Buyer and the Seller and their respective successors and permitted assigns. The Seller may not assign any of its rights hereunder or any interest herein without the prior written consent of the Buyer, except as provided in Section 3.11 or as otherwise herein specifically provided. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree.