VOID AB INITIO Sample Clauses
The 'Void Ab Initio' clause establishes that a contract or specific provision is considered invalid from the outset, as if it never existed. In practice, this means that if certain conditions are met—such as misrepresentation, illegality, or lack of capacity—the agreement is treated as null and unenforceable from the beginning. This clause is used to protect parties from being bound by agreements that are fundamentally flawed, ensuring that neither party can claim rights or obligations under a contract that should never have been valid.
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VOID AB INITIO. Any purported assignment of a Fund Interest that is not made in compliance with this Agreement is hereby declared to be null and void and of no force or effect whatsoever.
VOID AB INITIO. Any purported assignment of a Unit that is not made in compliance with this Agreement is hereby declared to be null and void and of no force or effect whatsoever.
VOID AB INITIO. Any purported assignment of a Partnership Interest that is not made in compliance with this Agreement is hereby declared to be null and void and of no force or effect whatsoever.
VOID AB INITIO. Notwithstanding paragraphs X and XI, the Agreement shall be void ab initio if, in the Commissioner’s sole discretion, the Construction General Permit is reissued, revoked or modified to eliminate the need for the Districts to review the SWPCP pursuant to such general permit’s terms and conditions or if the Construction General Permit expires and is not reissued.
VOID AB INITIO. Any purported assignment of a Partnership Interest that is not made in compliance with this Agreement is hereby declared to be null and void and of no force or effect whatsoever. (k) Expense. Each Limited Partner agrees, prior to the time the Managing General Partners consent to an assignment of Partnership Interest by that Limited Partner, to pay all reasonable expenses, including attorneys' fees, incurred by the Partnership in connection with such assignment.
VOID AB INITIO. In the event the General Partner determines that Units have been issued to one or more persons described in Section 2.8(1)(b) the General Partner on behalf of the Limited Partnership shall sell or redeem such Units in the manner described in Section 7.4. Alternatively, such Units will be deemed to be void ab initio and deemed never to have been issued and such person will only be entitled to the fair value of their Units as of the original purchase date. The Limited Partners will be provided with notice and payment of the fair value of their Units as of the original purchase date within 30 days of the determination of the Units being deemed void ab initio.
VOID AB INITIO. The Members agree that a breach of the provisions of this Section 3.03 may cause irreparable injury to the Company and to the other Members for which monetary damages (or other remedy at law) are inadequate in view of (i) the complexities and uncertainties in measuring the actual damages that would be sustained by reason of the failure of a Member to comply with such provisions and (ii) the uniqueness of the Company business and the relationship among the Members. Accordingly, the Members agree that the provisions of this Section 3.03 may be enforced by specific performance.
VOID AB INITIO. I. Any attempt to Transfer any Share not in accordance with this Agreement shall be null and void ab initio, shall not be binding on Major Chemical, and Major Chemical shall not give any effect to such attempted Transfer.
VOID AB INITIO. Any purported assignment of Shares that is not made in compliance with this Agreement is hereby declared to be null and void and of no force or effect whatsoever.