Common use of Execution Necessary Clause in Contracts

Execution Necessary. This Agreement shall not be binding upon Existing Members or Investor until fully executed and delivered by a proper official of Existing Members or Investor, as applicable, and no action taken by Existing Members’ or Investor’s Representatives shall be deemed an acceptance of this Agreement until this Agreement has been so executed and delivered by Existing Members and Investor.

Appears in 2 contracts

Sources: Contribution Agreement, Contribution Agreement (Intercontinental Hotels Group PLC /New/)