Effectiveness Additional Originators Sample Clauses

The 'Effectiveness; Additional Originators' clause establishes when the agreement becomes legally binding and outlines the process for adding new parties, known as originators, to the contract after its initial execution. Typically, this clause specifies the conditions or actions—such as the signing of the agreement or fulfillment of certain requirements—that trigger its effectiveness, and details the steps or documentation required for additional originators to join, such as executing a joinder agreement. Its core practical function is to ensure clarity regarding the commencement of contractual obligations and to provide a structured, predictable method for expanding the group of parties bound by the agreement.