When Agreement Becomes Binding Sample Clauses

The "When Agreement Becomes Binding" clause defines the specific point at which the contract becomes legally enforceable between the parties. Typically, this clause outlines that the agreement is binding upon execution by all parties, or upon the occurrence of a particular event, such as delivery of signed copies or satisfaction of certain conditions. By clearly stating when obligations commence, this clause ensures both parties understand when their rights and duties under the contract take effect, thereby preventing disputes over the enforceability of the agreement.
When Agreement Becomes Binding. This Loan Agreement shall bind Lender and Borrower when both Lender and Borrower have signed.
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When Agreement Becomes Binding. This Loan Agreement shall bind Lender and Borrower when both Lender and Borrower have signed. This Loan Agreement shall bind the Secretary only when the Lender signs on behalf of the Secretary of Housing and Urban Development and a Mortgage Insurance Certificate is issued for the Security Instrument.
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When Agreement Becomes Binding. This Loan Agreement shall bind ▇▇▇▇▇▇ and Borrower when both ▇▇▇▇▇▇ and Borrower have signed, whether or not the Secretary signs this Loan Agreement. This Loan Agreement shall bind the Secretary only when and if the Secretary has signed and a Mortgage Insurance Certificate is issued for the Security Instrument. BY SIGNING BELOW the parties accept and agree to the terms contained in this Loan Agreement and the exhibits.
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When Agreement Becomes Binding. This Agreement shall become binding upon Borrower and Lender only upon Borrower's execution and Lender's acceptance of this Agreement. Lender's acceptance of this Agreement shall be effected by Lender's execution hereof and the delivery to Lender of the fully executed Term Note. [THIS SPACE INTENTIONALLY LEFT BLANK.]
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When Agreement Becomes Binding. This Agreement shall become effective and binding only upon the execution and delivery hereof by both the Authority and Operator. All negotiations, consideration, representations and understandings between the Authority and Operator are incorporated herein and may be modified or altered only by written agreement signed by both the Authority and Operator, and no act or omission of any employee or agent of the Authority or course of prior dealings between the parties, shall alter, change or modify any of the provisions hereof.
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When Agreement Becomes Binding. This Agreement shall become effective and binding only upon the execution and delivery hereof by both Landlord and Tenant.
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When Agreement Becomes Binding. The submission of this document for examination and negotiation does not constitute an offer to sell, or a reservation of, or option for, the Property, and this document shall become effective and binding only upon the execution and delivery hereof by both Seller and Buyer.
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When Agreement Becomes Binding. This Loan Agreement shall bind Lender and Borrower when both Lender and Borrower have signed, whether or not the Secretary signs this Loan Agreement. This Loan Agreement shall bind the Secretary only when and if the Secretary has signed and a Mortgage Insurance Certificate is issued for the Security Instrument. BY SIGNING BELOW the parties accept and agree to the terms contained in this Loan Agreement and the exhibits. ▇▇▇ BORROWER (Borrower) ▇▇▇▇ BORROWER (Borrower) By: Title: Secretary of Housing and Urban Development By: Title: Date of Payment Plan: FHA Case Number: 012: 3456789 Name of Lender: Name of Borrower(s) Birth date Expected Average Mortgage Interest Rate % 1. Principal Limit $ Initial Payments (if completed at closing): 2. Closing Costs $ 3. Discharge of Liens $ 4. Outstanding Balance (If completed after closing) $ 5. Loan Advance $
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Related to When Agreement Becomes Binding

  • AGREEMENT BINDING UPON THE PARTIES This Agreement shall bind the Insured and the Bank, their heirs, successors, personal representatives and assigns.

  • Authority; Binding Agreement (a) The Company hereby represents that this Agreement and the performance by the Company of its obligations hereunder (i) has been duly authorized, executed and delivered by the Company, and is a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity principles, (ii) does not require the approval of the stockholders of the Company and (iii) does not and will not violate any law, any order of any court or other agency of government, the charter of the Company or the By-laws of the Company, or any stock exchange rule or regulation, or any provision of any indenture, agreement or other instrument to which the Company or any of its properties or assets is or are bound, or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such indenture, agreement or other instrument, or result in the creation or imposition of, or give rise to, any lien, charge, restriction, claim, encumbrance or adverse penalty of any nature whatsoever pursuant to any such indenture, agreement or other instrument. (b) Each member of the Gilead Group represents and warrants that this Agreement and the performance by such member of the Gilead Group of its obligations hereunder (i) has been duly authorized, executed and delivered by the Gilead Group and such member, and is a valid and binding obligation of such member, enforceable against such member in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity principles, (ii) does not require approval by any owners or holders of any equity interest in any member of the Gilead Group (except as has already been obtained) and (iii) does not and will not violate any law, any order of any court or other agency of government, the charter or other organizational documents of any member of the Gilead Group, as amended, or any provision of any agreement or other instrument to which any member of the Gilead Group or any of its properties or assets is bound, or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such agreement or other instrument, or result in the creation or imposition of, or give rise to, any lien, charge, restriction, claim, encumbrance or adverse penalty of any nature whatsoever pursuant to any such agreement or instrument.

  • Agreement Binding This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

  • Successors; Binding Agreement This Agreement shall inure to the benefit of and be binding upon personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

  • Successors; Binding Agreement, Assignment (a) The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business of the Company, by agreement to expressly, absolutely and unconditionally assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the Company to obtain such agreement prior to the effectiveness of any such succession shall be a material breach of this Agreement and shall entitle the Executive to terminate the Executive’s employment with the Company or such successor for Good Reason immediately prior to or at any time after such succession. Upon and following the assumption of this Agreement by a successor, “Company,” as used in this Agreement, shall mean (i) the Company (as defined above), and (ii) any successor to all the stock of the Company or to all or substantially all of the Company’s business or assets which executes and delivers an agreement provided for in this Section 13(a) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law, including any parent or subsidiary of such a successor. (b) This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributes, devisees and legatees. If the Executive should die while any amount would be payable to the Executive hereunder if the Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s estate or designated beneficiary. Neither this Agreement nor any right arising hereunder may be assigned or pledged by the Executive.