Future Effect Sample Clauses
The "Future Effect" clause defines how certain rights, obligations, or provisions within an agreement will apply to events or circumstances that occur after the contract is executed. Typically, this clause clarifies that specific terms will only become operative at a later date or upon the occurrence of a particular event, such as the closing of a transaction or the fulfillment of a condition. Its core practical function is to ensure that parties understand when and how contractual provisions will take effect, thereby preventing confusion or disputes about the timing and applicability of key terms.
POPULAR SAMPLE Copied 1 times
Future Effect. The termination of this Agreement shall not affect the execution or finalization of any outstanding transaction or on the obligations of both parties and their rights and obligations which have to be met until termination date thereof. Moreover, it shall not affect the conditions therein stated to remain valid after the termination of this Agreement. In particular, notwithstanding the termination of this Agreement, Alinma Investment may follow up, in the way it deems appropriate, the completion, finalization or termination of any transaction initiated before the termination of this Agreement. Unless as may otherwise be provided for in Paragraph )6( ”Accounts Settlement“ and Paragraph )7( ”Assets Transfer“ of this Article )14(, Alinma Investment shall not initiate any other transactions on behalf of the Investor after the termination of this Agreement.
Future Effect. 1. The Agreement that is incorporated herein provides for SCE to recover certain costs in retail rates over time. An essential element of this stipulated judgment is to provide certainty that SCE will be able to recover such costs in accordance with the Agreement. SCE and the CPUC contemplate that third parties will rely on such certainty in extending credit to SCE. Accordingly, enforcement of this stipulated judgment and the Agreement are essential in order to restore SCE's creditworthiness, which is in the interests both of SCE and of the CPUC.
2. The parties and their respective successors and assigns agree to be bound by the terms of this stipulated judgment and agree not to contest its validity in any subsequent proceeding. Defendants recognize that market prices may fluctuate, that state or federal law may be modified, and that other circumstances may change, and nevertheless intend that this stipulated judgment be binding and enforceable in the future in accordance with its terms.
3. The Court enters this stipulated judgment and Agreement as its judgment, and retains jurisdiction to enforce the judgment in the future, as may be necessary. Exhibit B Form of Release Release This Release is being delivered as of October 2, 2001 by Southern California Edison Company ("SCE") to the California Public Utilities Commission ("CPUC"), pursuant to section 4.4 of the Settlement Agreement by and among SCE, the CPUC and the Commissioners of the CPUC, dated October 2, 2001 ("Agreement") and is subject to the provisions thereof. All capitalized terms not otherwise defined herein have the same meaning as is given to them in the Agreement.
A. Except as provided in the Agreement and in the Stipulated Judgment, SCE hereby does forever release and discharge the CPUC, the State of California, and their respective agencies, departments, successors, officials, agents, representatives, and employees, and each of them from any and all claims, debts, liabilities, demands, obligations, promises, acts, agreements, costs, expenses (including but not limited to attorneys' fees), damages, actions, causes of action and claims for relief of whatever kind or nature, under any theory, whether legal, equitable or other, under the law, either common, constitutional, statutory, regulatory, or other, of any jurisdiction, foreign or domestic ("Claims"), that arise from:
1. The facts pled, or that could have been pled, in Southern California Edison Company, Plaintiff, vs. Loretta M. Lynch e...
Future Effect. Termination of this Agreement shall be without prejudice to the execution or completion of transactions already initiated. UAB SC shall be entitled to receive all fees and other sums due under this Agreement to the date of termination and to be compensated for all losses realized in settling or concluding outstanding obligations, and all costs and expenses incurred in effecting termination. The Client authorizes UAB SC to deduct from the assets in the Portfolio Account such amounts as it believes necessary to pay all outstanding fees and other charges and if necessary, to sell investments to satisfy any such amount.
Future Effect. The provisions of this Agreement are binding upon and shall inure to the benefit of the Parties, and all of their successors in interest and assigns; provided, however, that ASLD may assign its respective rights and obligations hereunder, in whole or in part, to a person or entity that has acquired title to the Prescott Valley Trust Land or a portion thereof, but only by a written instrument recorded in the Official Records of Yavapai County, Arizona, expressly assigning such rights and obligations. Within ten (10) days after any assignment hereunder, ASLD shall provide written notice of the assignment to the Town, which notice shall include the name and address of the assignee.
Future Effect. The provisions of this Agreement are binding upon and inure to the benefit of the Parties, and all of their successors in interest and assigns, subject to the provisions of Sections 9 and 13.
Future Effect. The provisions of this Agreement are binding upon and shall inure to the benefit of the Parties, and all of their successors in interest and assigns; provided, however, that Owner may assign its respective rights and obligations hereunder, in whole or in part, to a person or entity that has acquired title to the Property or a portion thereof, but only by a written instrument recorded in the Official Records of Maricopa County, Arizona, expressly assigning such rights and obligations. In the event of a complete assignment, the assigning Party shall be relieved of any further liability under this Agreement. Within ten (10) days after any assignment hereunder, Owner shall provide written notice of the assignment to the City, which notice shall include the name and address of the assignee.
Future Effect. 1. The Agreement that is incorporated herein provides for SCE to recover certain costs in retail rates over time. An essential element of this stipulated judgment is to provide certainty that SCE will be able to recover such costs in accordance with the Agree- ment. SCE and the CPUC contemplate that third parties will rely on such certainty in extending credit to SCE. Accordingly, enforcement of this stipulated judgment and the Agreement are essential in order to restore SCE’s creditworthiness, which is in the interests both of SCE and of the CPUC.
2. The parties and their respective successors and assigns agree to be bound by the terms of this stipulated judgment and agree not to contest its validity in any subsequent proceeding. Defendants recognize that market prices may fluctuate, that state or federal law may be modified, and that other circumstances may change, and nevertheless in- tend that this stipulated judgment be binding and enforceable in the future in accordance with its terms.
3. The Court enters this stipulated judgment and Agreement as its judg- ment, and retains jurisdiction to enforce the judgment in the future, as may be necessary.
Future Effect. Termination of this Agreement shall be without prejudice to the execution or completion of transactions already initiated, to the Parties' obligations under Clause (12) Disclosure above, to the Parties' rights and obligations accrued up to the date of termination, and to provisions hereof which are expressed to survive termination. In particular, notwithstanding such termination, the Company may (as it sees fit) direct the completion, perfection or closing out of any transaction initiated before termination. However, except as otherwise provided in this Clause (16) in connection with settlement of accounts and transfers of assets, the Company shall not after the date of termination initiate any further transactions on the Client's behalf.