Common use of Execution Necessary Clause in Contracts

Execution Necessary. This Agreement shall not be binding upon Seller or Purchaser until fully executed and delivered by Seller or Purchaser, as the case may be, and no action taken by Seller or Purchaser shall be deemed an acceptance of this Agreement until this Agreement has been so executed by Seller and Purchaser and delivered to each party as provided herein. In the event of delivery by facsimile, such delivery shall be binding as if an original had been delivered and the delivering party covenants and agrees that originals will be sent that same day by overnight delivery.

Execution Necessary. This Agreement shall not be binding upon Seller the Member or Purchaser until fully executed and delivered by Seller the Member or Purchaser, as the case may be, and no action taken by Seller the Member or Purchaser shall be deemed an acceptance of this Agreement until this Agreement has been so executed by Seller the Member and Purchaser and delivered to each party as provided herein. In the event of delivery by facsimile, such delivery shall be binding as if an original had been delivered and the delivering party covenants and agrees that originals will be sent that same day by overnight delivery.