EFFECTIVENESS OF EXECUTION Clause Samples
The "Effectiveness of Execution" clause defines when a contract or agreement becomes legally binding and enforceable upon the parties involved. Typically, this clause specifies that the contract takes effect upon the completion of certain formalities, such as the signing of the document by all parties or the exchange of executed copies. For example, it may clarify whether electronic signatures are acceptable or if the agreement is effective only when all parties have received a fully signed version. The core function of this clause is to eliminate ambiguity about the moment the parties are legally obligated, thereby preventing disputes over whether and when the contract is in force.
EFFECTIVENESS OF EXECUTION. This Deed (in relation to any rights or assets situated in Scotland or otherwise governed by Scots law) shall be fully effective and binding upon Funding 1 and the Funding 1 Security Trustee upon at least once copy of this Deed having been executed and delivered by both Funding 1 and the Funding 1 Security Trustee notwithstanding that any other person expressed to be a party to this Deed has not then executed and delivered this Deed and notwithstanding any such party has executed or executes and has delivered or delivers a counterpart of this Deed. EXECUTED as a DEED by ) by two directors, being ) SFM Directors Limited and ) SFM Directors (No.2) Limited ) EXECUTED as a DEED by ) by two directors, being ) SFM Directors Limited and ) SFM Directors (No.2) Limited ) Funding 1 Security Trustee and Issuer Security Trustee EXECUTED as a DEED by ) acting by its duly authorised attorney ) in the presence of Witness's signature: Name: Address: EXECUTED as a DEED by ) in the presence of Witness's signature: Name: Address: Funding 1 Corporate Services Provider EXECUTED as a DEED by ) EXECUTED as a DEED on behalf of ) being a person who, in accordance with the laws ) of that territory is acting under the authority of ) the company, in the presence of ) Witness's signature: Name: Address: From: Fosse Funding (No.1) Limited (Funding 1) To: [Relevant party name[s]] Copy: Law Debenture Trust Company of New York (the Funding 1 Security Trustee) Dear Sirs, We hereby give you notice that by a deed of charge dated 28 November 2006 and made between Funding 1, the Funding 1 Security Trustee and others (Funding 1 Deed of Charge), Funding 1 charged to the Funding 1 Security Trustee all of its right, title, interest and benefit, present and future, in, to and under the [insert relevant agreement name[s]] dated [insert date] (each as defined in the Master Definitions and Construction Schedule signed on the date thereof by, inter alios, Funding 1 and the [relevant party name[s]] and made, in each case, between, amongst others, Funding 1 and the [relevant party name[s]]. You are authorised and instructed henceforth to deal with the Funding 1 Security Trustee in relation to our rights (but not our obligations) under the [insert relevant agreement name[s]] without further reference to us. This notice is irrevocable. Please acknowledge receipt of this notice to the Funding 1 Security Trustee on the attached Consent to Charge. Yours faithfully, ...................................... SFM D...
EFFECTIVENESS OF EXECUTION. This Second Priority Funding Deed of Charge shall be fully effective and binding upon Funding and the Security Trustee upon at least one copy of this Second Priority Funding Deed of Charge having been executed and delivered by both Funding and the Security Trustee notwithstanding that any other person expressed to be a party to this Second Priority Funding Deed of Charge has not then executed and delivered this Deed and notwithstanding any such party has executed or executes and has delivered or delivers a counterpart of this Deed.
EFFECTIVENESS OF EXECUTION. This Deed shall be fully effective and binding upon Funding 2 and the Funding 2 Security Trustee upon at least once copy of this Deed having been executed and delivered by both Funding 2 and the Funding 2 Security Trustee notwithstanding that any other person expressed to be a party to this Deed has not then executed and delivered this Deed and notwithstanding any such party has executed or executes and has delivered or delivers a counterpart of this Deed. THIS DEED has been executed as a deed by each of the parties and delivered on the date stated at the beginning of this Deed. Funding 2 EXECUTED as a DEED by ) PERMANENT FUNDING (NO. 2) ) LIMITED acting by two ) directors ) SFM DIRECTORS LIMITED 0018069-0000628 ICM:20509390.10 49
EFFECTIVENESS OF EXECUTION. This Funding Deed of Charge shall be fully effective and binding upon Funding and the Security Trustee upon at least one copy of this Funding Deed of Charge having been executed and delivered by both Funding and the Security Trustee notwithstanding that any other person expressed to be a party to this Funding Deed of Charge has not then executed and delivered this Deed and notwithstanding any such party has executed or executes and has delivered or delivers a counterpart of this Deed.
EFFECTIVENESS OF EXECUTION. Upon execution by ▇▇▇▇▇, Buyer Sub and the Company, this Agreement shall be valid, effective and enforceable as of the date first above written, notwithstanding the fact that this Agreement has not yet been executed by Acquisition.
EFFECTIVENESS OF EXECUTION. This Deed shall be fully effective and binding upon Funding 2 and the Funding 2 Security Trustee upon at least once copy of this Deed having been executed and delivered by both Funding 2 and the Funding 2 Security Trustee notwithstanding that any other person expressed to be a party to this Deed has not then executed and delivered this Deed and notwithstanding any such party has executed or executes and has delivered or delivers a counterpart of this Deed. THIS DEED has been executed as a deed by each of the parties and delivered on the date stated at the beginning of this Deed.