Approvals; Effective Date Sample Clauses

The "Approvals; Effective Date" clause defines when an agreement becomes legally binding, typically contingent upon receiving all necessary approvals from relevant parties or authorities. In practice, this means the contract will not take effect until all required consents, such as board approvals or regulatory clearances, have been obtained. This clause ensures that the agreement is only enforceable once all preconditions are satisfied, thereby protecting parties from premature obligations and clarifying the precise moment contractual duties commence.
Approvals; Effective Date. (a) Promptly after execution of this Agreement, the Parties shall proceed diligently to make all appropriate filings under the ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended ("HSR"), and to proceed to obtain necessary approvals under HSR, including but not limited to the expiration or earlier termination of any and all applicable waiting periods required by the HSR. In addition the Parties shall proceed to obtain any other authorizations, approvals and permits, if any, required for the consummation of the transactions contemplated by this Agreement and the Stock Purchase Agreement. (b) If the Effective Date does not occur by December 15, 1995, then either Party (or Schering-Plough Corporation, in the case of the Stock Purchase Agreement) may terminate this Agreement and the Stock Purchase Agreement on five day's notice to the other Party, in which event each such agreement shall be terminated and all provisions of each such agreement shall be of no further force or effect.
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Related to Approvals; Effective Date

  • Approvals, Etc The Insurer has received true and correct copies of all approvals, licenses and consents, if any, required in connection with the Transaction;

  • Approvals, Consents and Waivers Each Group Company shall have obtained any and all approvals, consents and waivers necessary for consummation of the transactions contemplated by this Agreement, including, but not limited to, (i) all permits, authorizations, approvals, consents or permits of any governmental authority or regulatory body, and (ii) the waiver by the existing shareholders of the Company of any anti-dilution rights, rights of first refusal, preemptive rights and all similar rights in connection with the issuance of the Purchased Shares at the Closing.

  • Approvals; Consents Where agreement, approval, acceptance or consent by either Party is required by any provision of this Agreement such action shall not be unreasonably delayed or withheld.

  • Governmental Approvals; Consents Except as described in Schedule -------------------------------- -------- 4.2(c), the execution, delivery and performance by NBC of this Agreement and the ------ Implementing Agreements to which it is a party and the consummation by NBC of the transactions contemplated hereby and thereby will not (i) conflict with or result in a breach of any provision of the SNAP LLC Agreement; (ii) require any consent, approval, authorization or permit of, or filing with, or notification to, any Governmental Authority; (iii) require the consent or approval of any Person (other than a Governmental Authority) or violate or conflict with, or result in a breach of any provision of, constitute a default (or an event which with notice or lapse of time or both would become a default) or give to any third party any right of termination, cancellation, amendment or acceleration under, or result in the creation of a Lien on any of the assets of SNAP under any of the terms, conditions or provisions of any contract or license to which SNAP is a party or by which it or its assets or property are bound; or (iv) violate or conflict with any order, writ, injunction, decree, statute, rule or regulation applicable to SNAP; other than any consents, approvals, authorizations and permits the failure of which to obtain and any violations, conflicts, breaches defaults and other matters set forth pursuant to clauses (ii), (iii) and (iv) above which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

  • Required Consents and Approvals The Administrative Agent shall be satisfied that (i) all required consents and approvals have been obtained with respect to the transactions contemplated hereby from all Governmental Authorities with jurisdiction over the business and activities of any Borrower or Parent and from any other entity whose consent or approval the Administrative Agent in its reasonable discretion deems necessary to the transactions contemplated hereby, and (ii) all such consents and approvals remain in full force and effect.