No Additional Action Required Clause Samples

The "No Additional Action Required" clause establishes that, once the agreement is executed, neither party is obligated to take further steps or sign additional documents to effectuate the terms of the contract. In practice, this means that the rights and obligations outlined in the agreement become effective immediately without the need for further paperwork or formalities. This clause ensures efficiency and finality by preventing unnecessary administrative burdens and potential delays in implementing the agreement.
No Additional Action Required. Upon the occurrence of the events specified Sections 5.3.1 or 5.3.2 hereof, (x) the transferring Investor or Clearlake Investor shall provide written notice to the Company not less than 10 business days in advance of such proposed transfer, sale or disposition of Series A Preferred Stock, (y) the Company shall promptly notify (the "Conversion Notice") each holder of Series A Preferred Stock who is shown to be such a holder on the books of the Company as of the time immediately prior to such conversion of the fact that they are now required to convert (if so required), and (z) all holders of Series A Preferred Stock so converted shall surrender the certificates representing such shares at the office of the Company. Thereupon, there shall be issued and delivered to such holder promptly at such office and in its name as shown on such surrendered certificate or certificates, a certificate or certificates representing the number of shares of Common Stock into which the shares of Series A Preferred Stock surrendered were convertible on the date on which such automatic conversion occurred.
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No Additional Action Required. 17 5.4. Stop Transfer Instructions........................................ 17
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Related to No Additional Action Required

  • No Mitigation Required Executive shall not be required to mitigate the amount of any payment provided for under this Agreement by seeking other employment or in any other manner.

  • Affirmative Action Requirements The State intends to carry out its responsibility for requiring affirmative action by its contractors.

  • Information required Such records must contain the name; Social Security number; last known address, telephone number, and email address of each such worker; each worker's correct classification(s) of work actually performed; hourly rates of wages paid (including rates of contributions or costs anticipated for bona fide fringe benefits or cash equivalents thereof of the types described in 40 U.S.C. 3141(2)(B) of the ▇▇▇▇▇-▇▇▇▇▇ Act); daily and weekly number of hours actually worked in total and on each covered contract; deductions made; and actual wages paid.

  • Documentation Required The certificates and endorsements shall be received and approved by the District before Work commences. As an alternative, the Contractor may submit certified copies of any policy that includes the required endorsement language set forth herein.

  • CFR PART 200 Contract Provisions Explanation Required Federal contract provisions of Federal Regulations for Contracts for contracts with ESC Region 8 and TIPS Members: The following provisions are required to be in place and agreed if the procurement is funded in any part with federal funds. The ESC Region 8 and TIPS Members are the subgrantee or Subrecipient by definition. Most of the provisions are located in 2 CFR PART 200 - Appendix II to Part 200—Contract Provisions for Non-Federal Entity Contracts Under Federal Awards at 2 CFR PART 200. Others are included within 2 CFR part 200 et al. In addition to other provisions required by the Federal agency or non-Federal entity, all contracts made by the non- Federal entity under the Federal award must contain provisions covering the following, as applicable. Contracts for more than the simplified acquisition threshold currently set at $250,000, which is the inflation adjusted amount determined by the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) as authorized by 41 U.S.C. 1908, must address administrative, contractual, or legal remedies in instances where contractors violate or breach contract terms, and provide for such sanctions and penalties as appropriate. Notice: Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves all rights and privileges under the applicable laws and regulations with respect to this procurement in the event of breach of contract by either party. Does vendor agree? Yes