Common use of Effective Terms Clause in Contracts

Effective Terms. This contract will take effect from the date when all the following conditions are met: (1) The legal representative (person in charge) or authorized representative of the guarantor signs (or seals) and affixes the official seal; if the guarantor is a natural person, the guarantor signs; (2) The creditor is responsible for Signed (or stamped) by the person or authorized representative and stamped with the unit's seal.