Common use of Effectiveness and Miscellaneous Clause in Contracts

Effectiveness and Miscellaneous. 20.1 Each party shall authorize a representative(s) for signature of this Contract. For the Seller Chemical Equipment Engineering Limited ▇▇▇▇▇▇▇ Schirsner is hereby authorized to sign this Contract. For the Buyer is hereby authorized to sign this contract. 20.2 This Contract shall become effective upon the signature by the authorized persons stipulated in section 20.1 20.3 After the fulfillment of this Contract, this Contract will remain valid beyond one (1) month after the expiry date of the warranty period. Any unsettled credit and debt under this Contract shall not be affected by the expiration of this Contract. The debtor shall effect its obligation of reimbursement to the creditor. 20.4 This Contract is made in English. This Contract is in four (4) originals, two (2) for the Buyer and two (2) for the Seller. 20.5 Appendices to this Contract are integral parts to this Contract and have the same legal force as the text of this Contract itself. 20.6 All amendments, supplements and alternations to the terms and conditions of this Contract shall be made in written form and signed by the authorized representatives according to paragraph 20.1. These documents shall be integral parts of this Contract. 20.7 No assignment of any right or obligation under this Contract shall be made by either party to a third party without prior written consent of the other party. 20.8 The communication between the two parties shall be conducted in written form of Faxes or E-mail, and important matters shall be confirmed in due time by express mail 20.9 Each party shall bear its own costs and expenses occurred for the purpose of this Contract, including but not limited to the travel, accommodation and etc. expenses for the design contact meetings. 20.10 In the event one of the provisions of this Agreement is or becomes invalid or unenforceable in whole or in part, the remaining provisions shall maintain their validity. This shall also apply to any loophole within this Agreement. Instead of an invalid or unenforceable provision or to fill the loophole, a reasonable provision shall apply which insofar as legally possible — comes closest to fulfilling the original intention the parties had considered upon conclusion of this Agreement.

Effectiveness and Miscellaneous. 20.1 Each party shall authorize a representative(s) for signature of this Contract1. For the Seller Chemical Equipment Engineering Limited ▇▇▇▇▇▇▇ Schirsner is hereby authorized to sign this Contract. For the Buyer is hereby authorized to sign this contract. 20.2 This Contract Agreement shall become effective upon execution by or affixation with the signature seal of each party hereto. 2. During the term of this Agreement, any grace or extension granted by the authorized persons stipulated Entrustor or the Lender to the Borrower or the surety or any delay of the Entrustor or the Lender in section 20.1the exercise of its rights or interests under this Agreement shall neither prejudice, affect or limit any and all rights or interests of the Entrustor or the Lender under applicable law and this Agreement, nor be deemed a waiver by the Entrustor or the Lender of any rights or interests under this Agreement, nor affect any obligations of the Borrower under this Agreement. 20.3 After 3. In response to its business or management needs, the fulfillment Lender shall have the right to authorize or delegate any other branch of the Bank to exercise its rights and perform its obligations hereunder, including the execution of any relevant contracts, or to transfer the management of a Loan hereunder to any other branch of the Bank, in each case, without consent from the Borrower/Entrustor. The Borrower/Entrustor hereby acknowledges the foregoing. 4. If, at any time, any term of this ContractAgreement becomes illegal, invalid or unenforceable in any respect, the legality, validity or enforceability of any other terms of this Contract will remain valid beyond one (1) month after the expiry date of the warranty period. Any unsettled credit and debt under this Contract Agreement shall not be affected by or prejudiced. 5. Headings are inserted for convenience only and shall not be used for the expiration construction of any provision of this ContractAgreement or any other purposes. 6. The debtor exhibits hereto shall effect its obligation be an integral part of reimbursement to the creditor. 20.4 This Contract is made in English. This Contract is in four (4) originals, two (2) for the Buyer this Agreement and two (2) for the Seller. 20.5 Appendices to this Contract are integral parts to this Contract and shall have the same legal force effect as the text of this Contract itself. 20.6 All amendments, supplements and alternations to the terms and conditions of this Contract shall be made in written form and signed by the authorized representatives according to paragraph 20.1. These documents shall be integral parts of this Contract. 20.7 No assignment of any right or obligation under this Contract shall be made by either party to a third party without prior written consent of the other party. 20.8 The communication between the two parties shall be conducted in written form of Faxes or E-mail, and important matters shall be confirmed in due time by express mail 20.9 Each party shall bear its own costs and expenses occurred for the purpose of this Contract, including but not limited to the travel, accommodation and etc. expenses for the design contact meetings. 20.10 In the event one of the provisions of this Agreement is or becomes invalid or unenforceable in whole or in part, the remaining provisions shall maintain their validity. This shall also apply to any loophole within this Agreement. Instead of an invalid or unenforceable provision or to fill the loophole, a reasonable provision shall apply which insofar as legally possible — comes closest to fulfilling the original intention the parties had considered upon conclusion of this Agreement. 7. This Agreement shall be executed in four counterparts, with the Entrustor to hold one, the Lender to hold two and the Borrower to hold one, and each counterpart shall have the same legal effect.

Effectiveness and Miscellaneous. 20.1 Each party shall authorize a representative(s) for signature of this Contract1. For the Seller Chemical Equipment Engineering Limited ▇▇▇▇▇▇▇ Schirsner is hereby authorized to sign this Contract. For the Buyer is hereby authorized to sign this contract. 20.2 This Contract Agreement shall become effective upon execution by or affixation with the signature seal of each party hereto. 2. During the term of this Agreement, any grace or extension granted by the authorized persons stipulated in section 20.1 20.3 After Entrustor or the fulfillment of this Contract, this Contract will remain valid beyond one (1) month after Lender to the expiry date Borrower or the surety or any delay of the warranty period. Any unsettled credit and debt Entrustor or the Lender in the exercise of its rights or interests under this Contract Agreement shall not neither prejudice, affect or limit any and all rights or interests of the Entrustor or the Lender under applicable law and this Agreement, nor be affected deemed a waiver by the expiration Entrustor or the Lender of any rights or interests under this Contract. The debtor shall effect its obligation Agreement, nor affect any obligations of reimbursement to the creditorBorrower under this Agreement. 20.4 This Contract is made in English3. This Contract is in four (4) originalsIn response to its business or management needs, two (2) for the Buyer and two (2) for the Seller. 20.5 Appendices to this Contract are integral parts to this Contract and Lender shall have the same legal force as the text of this Contract itself. 20.6 All amendments, supplements and alternations right to the terms and conditions of this Contract shall be made in written form and signed by the authorized representatives according to paragraph 20.1. These documents shall be integral parts of this Contract. 20.7 No assignment of authorize or delegate any right or obligation under this Contract shall be made by either party to a third party without prior written consent other branch of the other party. 20.8 The communication between the two parties shall be conducted in written form of Faxes or E-mail, Bank to exercise its rights and important matters shall be confirmed in due time by express mail 20.9 Each party shall bear perform its own costs and expenses occurred for the purpose of this Contractobligations hereunder, including but not limited to the travelexecution of any relevant agreements, accommodation and etcor to transfer the management of a Loan hereunder to any other branch of the Bank, in each case, without consent from the Borrower/Entrustor. expenses for The Borrower/Entrustor hereby acknowledges the design contact meetingsforegoing. 20.10 In the event one of the provisions 4. If, at any time, any terms of this Agreement is or becomes illegal, invalid or unenforceable in whole or in partany respect, the remaining provisions legality, validity or enforceability of any other terms of this Agreement shall maintain their validitynot be affected or prejudiced. 5. This Headings are inserted for convenience only and shall also apply to not be used for the construction of any loophole within provision of this AgreementAgreement or any other purpose. 6. Instead The exhibits hereto shall be an integral part of an invalid or unenforceable provision or to fill this Agreement and shall have the loophole, a reasonable provision shall apply which insofar same legal effect as legally possible — comes closest to fulfilling the original intention the parties had considered upon conclusion of this Agreement. 7. This Agreement shall be executed in FOUR counterparts, with the Entrustor to hold ONE counterpart, the Lender to hold TWO counterparts and the Borrower to hold ONE counterpart, and each counterpart shall have the same legal effect.