Effectiveness and Efficacy of the Assignment Clause Examples

Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by the Contracting Party, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee and in the event provided for in paragraph 30.17, pursuant to the Applicable Laws and Regulations.
View SourceView Similar (19)
Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by the Contracting Party, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee and in the event provided for in paragraph 30.17, pursuant to the Applicable Laws and Regulations. The addendum to the Agreement shall be effective as of its execution, under the Applicable Laws and Regulations. Within forty-five (45) days of the execution of the addendum, the Contractor shall submit to ANP a copy of the Consortium Agreement or of the amendment filed with the applicable commercial registry. As of the execution of the addendum, the former Contractor shall have a ninety (90)-day period to transfer all exclusive data related to the agreement assigned, whether public or confidential, to the new Contractor. The new Contractor shall become the holder of the rights to exclusive data, and the deadlines for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.
View SourceView Similar (18)
Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by the Contracting Party, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee, under the Applicable Laws and Regulations. The addendum to the Agreement shall be effective as of its execution, under the Applicable Laws and Regulations. Within forty-five (45) days of the execution of the addendum, the Contracted Party shall submit to ANP a copy of the Consortium Agreement or of the amendment filed with the applicable commercial registry. As of the execution of the addendum, the former contracted party shall have a ninety (90)-day period to transfer to the new contracted party all exclusive data related to the agreement assigned, whether public or confidential. The new contracted party shall become the holder of the rights to exclusive data, and the terms for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.
View SourceView Similar (8)
Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by ANP, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee, under the Applicable Laws and Regulations.
View SourceView Similar (8)
Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by ANP, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee, under the Applicable Laws and Regulations. The addendum to the Agreement shall be effective as of the date of its execution, under the Applicable Laws and Regulations. Within forty-five (45) days of the execution of the addendum, the Concessionaire shall submit to ANP a copy of the Consortium Agreement or of the amendment filed with the applicable commercial registry. As of the execution of the addendum, the former Concessionaire shall have a ninety (90)-day period to transfer all exclusive data related to the agreement assigned, whether public or confidential, to the new concessionaire. The new concessionaire shall become the holder of the rights to exclusive data, and the deadlines for confidentiality already in progress shall remain unchanged, under the Applicable Laws and Regulations. Within the scope of credit transactions or credit facility agreement, the Concessionaires may create guarantee on the rights arising from this Agreement. Concessionaire shall notify ANP of the guarantee business provided for in Section 23.15, by sending a copy of the respective instrument of guarantee, within thirty (30) days of the date of its execution. The guarantee shall be foreclosed under the Applicable Laws and Regulations and upon notice to ANP pursuant to the instrument of guarantee, provided that transfer of ownership arising from the guarantee foreclosure constitutes an assignment and depends on prior and express consent of ANP.
View SourceView Similar (2)
Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by contracting Party, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee and in the event provided for in paragraph 30.17, under the Applicable Laws and Regulations. The addendum to the Agreement shall be effective as of its execution, under the Applicable Laws. The transfer by the assignor to the assignee of data, documents and operational safety and environmental information related to the contracted area and the exploration and production facilities included in the Assignment and defined by the ANP is a condition for signing the amendment to the Agreement, except in the event of non-voluntary Assignment. Within forty-five (45) days of the execution of the addendum, the Contracted Parties shall submit to ANP a copy of the Consortium Agreement or of the amendment filed with the applicable commercial registry. As of the execution of the addendum, the former Contracted Party shall have a ninety (90)-day period to transfer all exclusive data related to the agreement assigned, whether public or confidential, to the new Contracted Party. The new Contracted Party shall become the holder of the rights to exclusive data, and the deadlines for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws.
View Source

Related to Effectiveness and Efficacy of the Assignment

  • Effectiveness and Binding Effect Each amendment, supplement or waiver pursuant to this Article 8 will become effective in accordance with its terms and, when it becomes effective with respect to any Note (or any portion thereof), will thereafter bind every Holder of such Note (or such portion).

  • Effectiveness of Assignments Subject to acceptance and recording thereof pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.12, 2.13, 2.14 and 9.03 with respect to facts and circumstances occurring prior to the effective date of such assignment). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (f) of this Section.

  • Term and Effectiveness This Agreement shall become effective as of the first date written above. Once effective, this Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive one-year periods; provided that such continuance is specifically approved at least annually by: (i) the vote of the Board of Directors, or by the vote of a majority of the outstanding voting securities of the Company and (ii) the vote of a majority of the Independent Directors, in accordance with the requirements of the 1940 Act.

  • Counterparts and Effectiveness This Agreement may be executed in several counterparts, which shall be treated as originals for all purposes, and all so executed shall constitute one agreement, binding on all of the parties hereto, notwithstanding that all the parties are not signatory to the original or the same counterpart. Any such counterpart shall be admissible into evidence as an original hereof against each Person who executed it. The execution of this Agreement and delivery thereof by facsimile shall be sufficient for all purposes, and shall be binding upon any party who so executes.

  • Effectiveness of Assignment This Agreement, and the assignment and assumption contemplated herein, shall not be effective until (a) this Agreement is executed and delivered by each of the Assignor, the Assignee, the Agent, and if required under Section 12.5.(d) of the Credit Agreement, the Borrower, and (b) the payment to the Assignor of the amounts, if any, owing by the Assignee pursuant to Section 2 hereof and (c) the payment to the Agent of the amounts, if any, owing by the Assignor pursuant to Section 3 hereof. Upon recording and acknowledgment of this Agreement by the Agent, from and after the Assignment Date, (i) the Assignee shall be a party to the Credit Agreement with respect to the Assigned Commitment and have the rights and obligations of a Lender thereunder to the extent of the Assigned Commitment and (ii) the Assignor shall relinquish its rights (except as otherwise provided in Section 12.10 of the Credit Agreement) and be released from its obligations under the Credit Agreement with respect to the Assigned Commitment; provided, however, that if the Assignor does not assign its entire interest under the Loan Documents, it shall remain a Lender entitled to all of the benefits and subject to all of the obligations thereunder with respect to its retained Commitment.