Definitions and Effectiveness Sample Clauses
The 'Definitions and Effectiveness' clause establishes the specific meanings of key terms used throughout the agreement and sets out when the contract becomes legally binding. In practice, this clause lists important words or phrases and clarifies their interpretation to avoid ambiguity, while also stating the date or conditions under which the agreement takes effect. Its core function is to ensure all parties have a shared understanding of terminology and to clearly mark the commencement of contractual obligations, thereby reducing the risk of disputes over interpretation or timing.
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Definitions and Effectiveness. 1.1 Capitalized terms not specifically defined in this Amendment Agreement No. 2 shall have the meaning ascribed to them in the FWA PLA and the FWA TASS, as the case may be.
1.2 The Parties hereby agree that this Amendment Agreement No. 2 shall become binding on each Party upon its execution.
Definitions and Effectiveness. As used herein, terms that are defined herein shall have the meanings as so defined, and terms not so defined shall have the meanings as set forth in the Warrants. This Amendment is binding on the parties on the date hereof (the “Effective Date”).
Definitions and Effectiveness. As used herein, terms that are defined herein shall have the meanings as so defined, and terms not so defined shall have the meanings as set forth in the Warrants. With respect to the October 2010 Warrants, the October 2011 Warrants, the March 2012 Warrants, the April 2012 Warrants and the September 2012 Warrants, this Amendment is effective on the Execution Date. With respect to the June 2013 Warrants and the September 2014 Warrants, this Amendment is effective on May 7, 2015. As used herein, (i) for the October 2010 Warrants, the October 2011 Warrants, the March 2012 Warrants, the April 2012 Warrants and the September 2012 Warrants, the term “Effective Date” shall mean the Execution Date; and (ii) for the June 2013 Warrants and the September 2014 Warrants, the term “Effective Date” shall mean May 7, 2015.
Definitions and Effectiveness. The terms used in this Agreement shall be defined as set forth in the Schedule 1 or, to the extent not set forth in Schedule 1, in the Program Agreement, and the rules of construction set forth in Schedule 1 shall apply to this Agreement. This Agreement shall become effective as of the Changeover Date.
Definitions and Effectiveness. 1.1 Unless the context otherwise requires, capitalized terms used in any part of this Amendment Agreement and not defined herein, shall have the same meaning as ascribed to such respective terms in the Securities Subscription Agreement.
1.2 The provisions of this Amendment Agreement are solely for the purposes of enabling the Banking Company to undertake the Offer (without limiting in any manner, any other provision of the Securities Subscription Agreement, or the rights available to the Parties under the Securities Subscription Agreement in connection with any public offering of the Equity Shares of the Banking Company other than the Offer) and shall come into effect and be binding on and from the date of execution of this Amendment Agreement. This Amendment Agreement shall not be construed to provide, grant or otherwise consent to any actions by the Banking Company not being in relation to or in furtherance of the Offer or otherwise agreed to herein.
Definitions and Effectiveness. 1.1 Capitalized terms used in this Second Amendment to the extent not otherwise defined herein shall have the meanings given them in the Loan Agreement.
1.2 The effectiveness of this Second Amendment is subject to the conditions precedent that (i) the Lender shall have received an original counterpart of this Second Amendment duly executed by the Borrower, (ii) Lender shall have received payment of the additional Ex-Im Bank guarantee fee in the amount of Eighteen Thousand Seven Hundred Fifty and No/100 Dollars ($18,750.00) and (iii) Lender shall be satisfied in Lender’s sole discretion that all notices and acknowledgements requisite to maintaining the guaranty of the Eximbank shall have been obtained in form and substance satisfactory to Lender.
Definitions and Effectiveness. (a) Capitalized terms used but not defined in this Agreement have the meanings ascribed to them in the Amended and Restated Employment Agreement by and between the Company and the Executive, dated July [•], 2013 (the “Company Employment Agreement”).
(b) Notwithstanding anything to the contrary in this Agreement, this Agreement (including without limitation Appendix A hereto) will automatically terminate and be of no further force or effect and neither of the parties will have any further obligations hereunder (and the Executive shall have no entitlement to the Transaction Retention Payment and/or the Transition Retention Payment (as such terms are defined below)) in the event the Mergers do not occur and the Merger Agreement is terminated in accordance with its terms. In addition, notwithstanding anything to the contrary in this Agreement, if the Executive’s employment with the Company or Flushing Bank (the “Bank”), as the case may be, terminates for any reason before the Closing Date, this Agreement (including without limitation Appendix A hereto) will automatically terminate and be of no further force or effect and none of the parties will have any obligations hereunder (and the Executive shall have no entitlement to the Transaction Retention Payment and/or the Transition Retention Payment).
(c) No amount paid or due to the Executive under this Agreement shall be deemed to be in lieu of other compensation to which the Executive is entitled.
Definitions and Effectiveness. 1.1 Capitalized terms used in this Amendment to the extent not otherwise defined herein shall have the meanings given them in the Loan Agreement.
1.2 The effectiveness of this Amendment is subject to (i) receipt by Lender of a counterpart of this Amendment duly executed by Borrower; (ii) receipt by Lender of the new Note duly executed by Borrower (whereupon Lender shall return the original note described therein to Borrower); (iii) receipt by Lender of payment of the additional Ex-Im Bank facility fee in the amount of Twenty-Three Thousand Three Hundred Thirty-Three and 33/100 Dollars ($23,333.33); and (iv) the condition precedent that Lender shall be satisfied in Lender’s sole discretion that all notices and acknowledgements requisite to maintaining the guaranty of the Ex-Im Bank shall have been obtained in form and substance satisfactory to Lender.
Definitions and Effectiveness