Effectiveness and Termination Clause Samples

Effectiveness and Termination. 12.1 This Agreement shall come into effect after it has been duly executed by Pledgors and Pledgee. The pledge hereunder is established after the registration specified in Section 2.3 is completed. 12.2 This Agreement shall be terminated under any of the following circumstances: 12.2.1 in accordance with Section 6 hereof; 12.2.2 by mutual agreement of Pledgee and Pledgors; 12.2.3 by the consent of Pledgee. 12.3 The termination of this Agreement shall not affect the Parties’ rights and obligations arising hereunder prior to the expiration date of this Agreement.

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Sale, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i); (ii) upon notice to the Authorized Participant by the Trustee in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Effectiveness and Termination. 9.1 This Agreement shall be effective upon the execution hereof by all Parties hereto and shall remain effective thereafter. 9.2 This Agreement may not be terminated without the unanimous consent of all the Parties except that Party A may, by giving thirty days prior notice to the other Parties hereto, terminate this Agreement.

Effectiveness and Termination. It is a condition precedent to the effectiveness of this Agreement that the Merger Agreement shall have been executed and delivered and be in full force and effect. In the event the Merger Agreement is terminated in accordance with its terms, this Agreement shall automatically terminate and be of no further force or effect. Upon such termination, except for any rights any party may have in respect of any breach by any other party of its or his obligations hereunder, none of the parties hereto shall have any further obligation or liability hereunder.

Effectiveness and Termination. This Agreement shall come into effect from the date of execution by the Parties and terminate after Borrowers fully repay the Loans under this Agreement.

Effectiveness and Termination. Subject to Agent’s right to accelerate the Loan and terminate the Revolving Loan Commitments and cease making and funding Advances upon the occurrence and during the continuation of any Event of Default, this Agreement shall continue in full force and effect until the earlier of the Maturity Date and the date on which the Revolving Loan Commitments are terminated pursuant to Section 2.5(b). All of the Obligations shall be immediately due and payable upon the earlier of (i) the Maturity Date, (ii) the date on which Agent accelerates the Loan following the occurrence and during the continuance of an Event of Default or (iii) the Prepayment Date stated in the notice of prepayment delivered by Borrower pursuant to Section 2.5(b), as applicable (the “Termination Date”). Notwithstanding any other provision of any Loan Document, no termination of this Agreement shall affect Agent’s or any Lender’s rights or any of the Obligations under the Loan Documents existing as of the effective date of such termination, and the provisions of the Loan Documents shall continue to be fully operative until the Obligations under the Loan Documents (other than indemnity obligations of Borrower under the Loan Documents that are not then due and payable or with respect to which no claim has been made) have been indefeasibly paid in cash in full. The Liens granted to Agent, under the Security Documents and the financing statements filed pursuant thereto and the rights and powers of Agent shall continue in full force and effect until all of the Obligations (other than indemnity obligations of Borrower under the Loan Documents that are not then due and payable or with respect to which no claim has been made) have been fully performed and indefeasibly paid in full in cash.

Effectiveness and Termination. (a) This Agreement shall become effective at 9:00 A.M. on the first full business day after the Effective Date unless prior to such time you shall have received notice from the Company that it elects that this Agreement shall not become effective. (b) This Agreement may be terminated by you by written notice to the Company in the event that the Company shall have failed or been unable to comply with any of the terms, conditions or provisions of this Agreement on the part of the Company to be performed, complied with or fulfilled within the respective times herein provided for, unless compliance therewith or performance or satisfaction thereof shall have been expressly waived by you in writing. (c) This Agreement may be terminated by you by written notice to the Company if you believe in your reasonable judgment that a material adverse change has occurred in the management of the Company, that a material adverse change has occurred in the financial condition or obligations of the Company, or if the Company shall have sustained a loss by strike, fire, flood, accident or other calamity of such a character as, in your reasonable judgment, may interfere materially with the conduct of the Company's business and operations regardless of whether or not such loss shall have been insured. (d) This Agreement may be terminated by you by written notice to the Company at any time if, in your reasonable judgment, the payment for and delivery of the Debentures is rendered impracticable or inadvisable because (i) additional material governmental restrictions not in force and effect on the date hereof shall have been imposed upon the registration and/or sale of securities generally, or (ii) there shall be a material outbreak of hostilities or a material escalation of existing hostilities between the United States and any foreign power or a formal declaration of war by the United States shall have occurred, or (iii) substantial and material changes in the condition of the market (either generally or with reference to the sale of the Debentures to be offered hereby) beyond normal fluctuations are such that it would be undesirable, impracticable or inadvisable in your reasonable judgment to proceed with this Agreement or with the offering of the Debentures. (e) This Agreement may be terminated by either party by written notice to the other at any time before it becomes effective as hereinabove provided. (f) In the event, at any time prior to the First Closing Date, any action ...

Effectiveness and Termination. 7.1 This Agreement is concluded upon its execution and takes effect on the date hereof. 7.2 The Parties agree and confirm that this Agreement shall be terminated when the Parties has completed to perform their obligation under this Agreement; the Parties further agree and confirm that Party B shall be deemed the completion of performing their obligations under this agreement only if the following requirements are met: (1) Party B has transferred all equity interests of Domestic Company to Party A and/or its designated person; and, (2) Party B has repaid the total amount caused from the equity interest transferring according to this Agreement or the proceeds stipulated by Purchase Agreement to Party A. 7.3 Party B cannot terminate or revoke unilaterally this Agreement unless (1) Party A commits the gross negligence, fraud or other material illegal action; or

Effectiveness and Termination. Upon the execution of any Supplement by the applicable parties, such Supplement and these Standard Terms shall together become effective as of the date set forth in such Supplement with respect to the applicable Authorized Participants, the applicable Depositor, the applicable, the Administrative Agent and the applicable sets of Paired Trusts, as set forth in Schedule I attached hereto. In the event that any Person wishes to assume the rights and obligations of an authorized participant with respect to any one of more sets of Paired Trusts or an existing Authorized Participant wishes to act as an authorized participant of additional sets of Paired Trusts, such Person or existing Authorized Participant must comply with the requirements of Section 16 hereof. The date upon which such Person wishing to act as an Authorized Participant executes the applicable Supplement shall be the date of effectiveness of such Supplement (including these Standard Terms which shall be incorporated by reference therein) with respect to such Person and the applicable sets of Paired Trusts, and the date upon which such existing Authorized Participant executes one or more additional Supplements shall be the date of effectiveness of such Supplements (including these Standard Terms which shall be incorporated by reference therein) with respect to such Authorized Participant and the applicable sets of Paired Trusts. Any Participants Agreement may be terminated with respect to the applicable set of Paired Trusts with respect to which an Authorized Participant serves as an authorized participant at any time in accordance with the provisions set forth in Section 16 hereof, unless earlier terminated: (i) in accordance with Section 2(a), with respect only to any Authorized Participant to whom such section applies, (ii) upon notice to the Authorized Participant by the applicable Trustee in the event of a breach by the Authorized Participant of the terms pf such Participants Agreement, (iii) immediately in the circumstances described in Section 20(j), or (iv) at such time as the applicable Paired Trusts are terminated in accordance with the terms of the applicable MacroShares Trust Agreements. The date that is 30 days following the receipt by the Administrative Agent of the notice of termination from an Authorized Participant that is required under Section 16 hereof, shall be the date of effectiveness of such termination.