Taking Effect Clause Examples
The 'Taking Effect' clause defines when the terms of an agreement become legally binding and operational. Typically, this clause specifies a particular date or event—such as the date of signature, delivery, or a mutually agreed milestone—upon which the contract's obligations and rights commence. By clearly establishing the start point of the agreement, this clause ensures that all parties are aware of when their responsibilities begin, thereby preventing disputes over timing and providing certainty regarding the enforceability of the contract.
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Taking Effect. This Agreement shall be effective upon signing by the Parties’ authorized representatives and shall be affixed with their respective company seals. Asset Transfer Agreement
Taking Effect. The terms and conditions set forth in this ------------- Agreement shall take effect and be binding upon the parties as of the date first above written.
Taking Effect. The present Agreement takes effect from date of delivery to the depositary of the latest notification about execution of intergovernmental procedures required for enactment of the present Agreement.
Taking Effect. This Agreement shall take effect only upon its proper execution by both Textron and Licensee.
Taking Effect. This Agreement shall take effect on the date and year first above written.
Taking Effect. 4.1 The Guarantee shall take effect upon the Taking of Possession of the Guaranteed Building by the Purchaser. If the Vendor does not pay the fee for the issuance of the guarantee certificate by the date the deed of sale of the Building is signed before the notary, no guarantee will be offered by GHA; the Purchaser must therefore ask GHA or the notary to confirm that payment for the guarantee certificate was made. The Guaranteed Building shall irrevocably lose the benefit of the Guarantee if the taking of possession occurs more than 12 months after the certificate is issued by GHA, unless such period was extended. In any case, before signing this document, the Purchaser must confirm with GHA whether the guarantee is offered and its term.
Taking Effect. This Agreement shall have immediate effect save for clause 4 which shall take effect on the date on which the Planning Permission is granted.
Taking Effect. The Agreement shall take effect upon signing (referred to as “Effective Date of the Agreement”).
Taking Effect. This Agreement shall take effect as of the date agreed by the parties of the Agreement when the following requirements are met:
7.1 The shareholders’ meeting of A Share Company approves of the implementation of this Agreement in line with the laws, regulations and listing rules, as applicable to it.
7.2 The shareholders’ meeting of Red-chip Company approves of the transfer by A Share Company of its rights and obligations under this Agreement to CUCL in line with the laws, regulations and listing rules, as applicable to it.
Taking Effect. This Agreement shall come into effect on June 1, 2008.