Effectiveness; Binding Effect Sample Clauses
The 'Effectiveness; Binding Effect' clause establishes when an agreement becomes legally enforceable and confirms that its terms are binding on the parties involved. Typically, this clause specifies that the contract takes effect upon execution or a specified date, and that its obligations and rights extend to successors, assigns, or permitted transferees of the parties. Its core function is to ensure that all parties, and sometimes their legal representatives or successors, are clearly obligated to honor the agreement, thereby preventing disputes over enforceability or applicability.
Effectiveness; Binding Effect. Except as provided in Section 3.01, this Agreement shall become effective when it shall have been executed by the Borrower and the Agent and when the Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto and thereafter shall be binding upon and inure to the benefit of the Borrower, the Agent and each Lender and their respective successors and assigns, except that the Borrower shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Lenders (and any purported assignment without such consent shall be null and void).
Effectiveness; Binding Effect. This Agreement shall become ----------------------------- effective when it shall have been executed by the Borrower and the Bank and thereafter shall be binding upon and inure to the benefit of the Borrower, the Bank and their respective successors and assigns, except that the Borrower shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Bank.
Effectiveness; Binding Effect. For the avoidance of doubt, upon the effectiveness of this Amendment in accordance with its terms, this Amendment shall be binding upon each Lender and its respective successors and assigns.
Effectiveness; Binding Effect. (a) In connection with the execution, and as a condition to the effectiveness, of this Amendment, ▇▇▇▇ and PBFH are entering into an amended and restated Fee Letter dated as of the date hereof, which shall constitute the “Fee Letter” under the Agreement.
(b) This Amendment shall be binding upon, inure to the benefit of and be enforceable by PRC, ▇▇▇▇ and their respective successors and assigns as of the date on which it has been executed by each of the Parties hereto.
Effectiveness; Binding Effect. This Amendment shall be binding upon, inure to the benefit of and be enforceable by PRC, ▇▇▇▇ and their respective successors and assigns as of the date on which it has been executed by each of the Parties hereto.
Effectiveness; Binding Effect. This Agreement shall ----------------------------- become effective as to each party hereto when and only when this Agreement shall have been executed by such party; provided, however, that this Agreement shall -------- ------- be null and void ab initio as to each party hereto in the event that both -- ------ parties hereto shall not have executed this Agreement within five (5) days of the date upon which any party hereto shall have executed this Agreement.
Effectiveness; Binding Effect. This Agreement shall be effective upon the execution and delivery hereof. This Agreement shall be binding on the parties hereto and their respective heirs, successors and assigns.
Effectiveness; Binding Effect. This Agreement amends, restates and replaces in its entirety the Prior Stockholders Agreement and is binding on all the parties to the Prior Stockholders Agreement, and the failure of one or more parties to the Prior Stockholders Agreement to sign this Agreement shall not affect such effectiveness. Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns.
Effectiveness; Binding Effect. This Second Amendment and Step-Out Agreement shall be binding upon, inure to the benefit of and be enforceable by the Transaction Entities, ▇▇▇▇ and their respective successors and assigns as of the date on which it has been executed by each of the Parties hereto.
Effectiveness; Binding Effect. This Agreement shall be for the benefit of and be binding upon the parties hereto and their respective representatives, successors and assigns. Notwithstanding anything to the contrary set forth in this Agreement, in the event that the Contemplated Transactions are ultimately not consummated pursuant to the terms of the Purchase Agreement, the terms and conditions of this Agreement shall be null and void and have shall no effect.