Effectiveness; No Default Sample Clauses
The 'Effectiveness; No Default' clause establishes that the agreement becomes legally binding and enforceable only when certain conditions are met, typically upon execution and delivery by all parties. In practice, this clause often requires that, at the time the agreement takes effect, no party is in breach of any material obligations or in default under the agreement or related documents. Its core function is to ensure that the contract starts on a solid foundation, with all parties in good standing, thereby reducing the risk of immediate disputes or enforcement issues.
Effectiveness; No Default. Schedule 3.4.3 sets forth a list of all of the Deutsche Bank Agreements. Alliance has provided a copy to Federated of the Deutsche Bank Agreements as in effect on the date hereof. Neither Alliance nor, to Alliance’s Knowledge, any other party to the Deutsche Bank Agreements is in default under, or in breach or violation of, any Deutsche Bank Agreement, other than such defaults, breaches and violations as would not, individually or in the aggregate, be reasonably expected to have a material adverse effect on the financial condition or operation of the Insured Accounts, the Alliance Funds or the Business.
Effectiveness; No Default. At the time of each such Credit Event and also after giving effect thereto (i) the Effective Date shall have occurred and (ii) no Default or Event of Default under Section 10.01, 10.04, 10.08 or 10.09 shall have occurred and be continuing.