Effectiveness Ratification Sample Clauses
The 'Effectiveness; Ratification' clause establishes when an agreement becomes legally binding and enforceable, typically upon the completion of certain formalities such as signatures or approvals by the relevant parties. In practice, this clause may specify that the contract is not effective until all parties have signed or until a governing body or board has formally ratified the agreement. Its core function is to ensure that all parties are aware of the exact moment the contract takes effect, thereby preventing misunderstandings or disputes about the enforceability of the agreement prior to ratification.
Effectiveness Ratification. This Supplement shall become effective upon the later of (a) the receipt of this Agreement by the First Lien Agent and the Second Lien Agent and (b) the Borrowing Date, and from and after the date hereof, the Pari Passu Lenders and the Agent shall constitute “Pari Passu Indebtedness Secured Parties” and “Second Lien Creditors” under the Intercreditor Agreement. Any and all references to the “Intercreditor Agreement” in the First Lien Loan Agreements and the Second Lien Documents shall mean the Intercreditor Agreement, as supplemented hereby. Except as supplemented by this Supplement, the Intercreditor Agreement remains unmodified and in full force and effect and is hereby ratified, approved and confirmed as of the date hereof.
Effectiveness Ratification. This Acknowledgment shall become effective upon the later of (a) the receipt of this Acknowledgment by the Second Priority Collateral Agent and the Second Priority Claimholders and (b) the Borrowing Date, and from and after the date hereof, the New First Priority Obligations Agent and the Holders shall constitute “First Priority Claimholders” under the Intercreditor Agreement. Any and all references to the “Intercreditor Agreement” in the First Priority Loan Documents and the Second Priority Loan Documents shall mean the Intercreditor Agreement, as modified by this Acknowledgment hereby. Except as modified by this Acknowledgment, the Intercreditor Agreement remains unmodified and in full force and effect and is hereby ratified, approved and confirmed as of the date hereof.
Effectiveness Ratification. This Supplement shall become effective upon the later of (a) the receipt of this Supplement by the First Priority Collateral Agent and the Second Priority Collateral Agent and (b) the Borrowing Date, and from and after the date hereof, the Other Second Priority Obligations Agent and the Holders shall constitute “Additional Secured Parties” and “Second Priority Claimholders” under the Intercreditor Agreement. Any and all references to the “Intercreditor Agreement” in the First Priority Loan Documents and the Second Priority Loan Documents shall mean the Intercreditor Agreement, as supplemented hereby. Except as supplemented by this Supplement, the Intercreditor Agreement remains unmodified and in full force and effect and is hereby ratified, approved and confirmed as of the date hereof.
Effectiveness Ratification. This Amendment shall become effective as of the Effective Date. Except as expressly amended by this Amendment, the provisions, terms and conditions in the Lease Agreement shall remain unchanged and shall continue in full force and effect. Lessor and Lessee hereby ratify and affirm the Lease Agreement as modified by this Amendment.
Effectiveness Ratification. This Agreement is executed by the Borrowers, the Lenders and the Joint Obligors, and the parties hereby agree to ratify this Agreement before a public notary within the next ten (10) Business Days of the date of execution. This Agreement dated August 1, 2013 is entered into by the Parties in Mexico City, Federal District. By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Representante legal Title: Representante legal By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ SAN ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇ San ▇▇▇▇▇▇ Title: Representante legal Title: Representante legal By: /S/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ By: /S/ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Representante legal Title: Representante legal By: /S/ ▇▇▇▇▇ DEL ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ del ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Title: Delegado Fiduciario DIVISIÓN FIDUCIARIA, AS TRUSTEE OF TRUST F/[—] By: /S/ ▇▇▇▇▇ DEL ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ del ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Title: Delegado Fiduciario By: /S/ MARIO ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Name: Mario ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Title: Attorney-in-fact By: /S/ MARIO ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Name: Mario ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Title: Attorney-in-fact REVOLVING CREDIT LINE AGREEMENT (THE “AGREEMENT”) DATED AUGUST 1, 2013, ENTERED INTO BY AND BETWEEN DEUTSCHE ▇▇▇▇ ▇▇▇▇▇▇, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, DIVISIÓN FIDUCIARIA, ACTING SOLELY AS TRUSTEE OF TRUST NUMBER F/1498, REPRESENTED HEREIN BY [*] (HEREINFATER THE “A BORROWER”);(II) DEUTSCHE ▇▇▇▇ ▇▇▇▇▇▇, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, DIVISIÓN FIDUCIARIA, ACTING SOLELY AS TRUSTEE OF TRUST NUMBER F/1711, REPRESENTED HEREIN BY [*] (HEREINAFTER THE “B BORROWER” AND TOGETHER WITH THE A BORROWER THE “BORROWERS”), (III) BANCO SANTANDER (MEXICO), S.A., INSTITUCIÓN DE BANCA MÚTLIPLE, GRUPO FINANCIERO SANTANDER (MÉXICO), REPRESENTED HEREIN BY MR. [*]AND [*] (“SANTANDER”, OR THE “AGENT” AS APPLICABLE) AS LENDER AND ADMINISTRATIVE AGENT AND (IV) BANCO NACIONAL DE COMERCIO EXTERIOR, S.N.C. (“BANCOMEXT”), REPRESENTED HEREIN BY [*]AND [*], AS LENDER (HEREINAFTER REFFERRED TO COLLECTIVELY AS THE “LENDERS”, OR INDIVIDUALLY AS THE “LENDER”); (V) CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. REPRESENTED HEREIN BY [*] AND CONCESIONARIA VUELA COMPAÑÍA DE AVIACIÓN, S.A.P.I. DE C.V. REPRESENTED HEREIN BY [*] (HEREINAFTER “CONTROLADORA” AND “CONCESIONARIA”, RESPE...
Effectiveness Ratification. This Amendment shall become effective as of the Effective Date. Except as expressly amended by this Amendment, the provisions, terms and conditions in the Agreement shall remain unchanged and shall continue in full force and effect. City and WJCT hereby ratify and affirm the Agreement as modified by this Amendment.
Effectiveness Ratification. The provisions of this Agreement shall become effective as of the date hereof and shall be binding upon and inure to the benefit of the parties to this Agreement. Except as amended hereby, the Stock Option Agreement shall remain in full force and effect.
Effectiveness Ratification