Fully Effective Sample Clauses
The 'Fully Effective' clause establishes that the agreement or a specific provision within it becomes legally binding and enforceable only when certain conditions are met. Typically, this may involve the completion of required approvals, the execution of all necessary documents, or the satisfaction of preconditions outlined elsewhere in the contract. By clearly defining when the agreement takes full effect, this clause helps prevent misunderstandings about the parties' obligations and ensures that no party is prematurely bound before all agreed-upon requirements are fulfilled.
Fully Effective. With respect to any Contract, that (a) such Contract is the legal, valid, and binding obligation of the Borrower or its Subsidiary, as the case may be, enforceable against such party according to its terms, and (b) if such Contract exists on or before the date of this Credit Agreement, such Contract shall remain in full force and effect notwithstanding the execution and delivery of the Loan Documents and the consummation of the transactions contemplated by the Loan Documents.
Fully Effective. The employee met all or nearly all of the agreed outputs in their IWP that were within their influence, and in doing so demonstrated Capability Indicators of their current role and Level.