AUTHENTICATION AND EFFECTUATION Clause Samples
The 'Authentication and Effectuation' clause establishes the requirements for verifying the identity of parties and the formal activation of the agreement. Typically, this clause outlines the methods by which signatures or other forms of authentication are accepted, such as electronic signatures, and specifies when the agreement becomes legally binding—often upon completion of these authentication steps. Its core function is to ensure that all parties are properly identified and that the contract is only effective once these authentication procedures are completed, thereby reducing the risk of disputes over validity or enforceability.
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AUTHENTICATION AND EFFECTUATION. This Temporary Global Note shall not become valid or enforceable for any purpose unless and until it has been authenticated by or on behalf of the Fiscal Agent and effectuated by the entity appointed as common safe-keeper by the relevant Clearing Systems.
AUTHENTICATION AND EFFECTUATION. This temporary Global Note shall not become valid or enforceable for any purpose unless and until it has been authenticated by or on behalf of the Fiscal Agent and effectuated by the entity appointed as common safe-keeper by the relevant Clearing Systems. The Notes are intended to be held in a manner which would allow Eurosytem eligibility and as such this Global Note is intended upon issue to be deposited with one of Euroclear or Clearstream, Luxembourg as common safekeeper. This does not necessarily mean that the Notes represented by the Global Notes will be recognised as eligible collateral for Eurosystem monetary policy and intra day credit operations by the Eurosystem either upon issue or at any or all times during their life, such recognition depending upon the European Central Bank being satisfied that Eurosystem eligibility criteria have been met).
AUTHENTICATION AND EFFECTUATION. This permanent Global Note shall not become valid or enforceable for any purpose unless and until it has been authenticated by or on behalf of the Fiscal Agent and effectuated by the common safekeeper. The Notes are not, at the date of issue of this Global Note, intended to be held in a manner which would allow Eurosystem eligibility. However, should the Eurosystem eligibility criteria be amended in the future such that the Notes are capable of meeting them this Global Note may then be deposited with one of Euroclear or Clearstream, Luxembourg as common safekeeper. This does not necessarily mean that the Notes represented by the Global Notes will then be recognised as eligible collateral for Eurosystem monetary policy and intra day credit operations by the Eurosystem at any time during their life, such recognition depending upon the European Central Bank being satisfied that Eurosystem eligibility criteria have been met.
AUTHENTICATION AND EFFECTUATION. This Global Note shall not be valid for any purpose until it has been authenticated for and on behalf of the Fiscal Agent and effectuated for and on behalf of the entity appointed as common safekeeper by the ICSDs.
AUTHENTICATION AND EFFECTUATION. This Permanent Global Note shall not be valid or enforceable for any purpose unless and until it has been authenticated for and on behalf of The Bank of New York Mellon (acting through its London Branch) as principal paying agent and effectuated by the entity appointed as common safekeeper by the relevant Clearing Systems.
AUTHENTICATION AND EFFECTUATION. This Global Note shall not be or become valid or obligatory for any purpose unless and until authenticated by or on behalf of the Registrar and effectuated by the entity appointed as Common Safekeeper by Euroclear or Clearstream, Luxembourg.
AUTHENTICATION AND EFFECTUATION. (a) The Registrar or its designated agent is authorised and instructed by the Issuer to authenticate Global Notes or Definitive Notes in respect of each Series and Class of Notes as may be required to be authenticated under the relevant Final Terms by the original signature of any of its officers or any other person duly authorised for the purpose by the Registrar.
(b) The Registrar or its designated agent is authorised and instructed by the Issuer to give effectuation instructions to the Common Safekeeper in respect of each Global Note which is intended to be held under the NSS.
(c) Where the Registrar delivers any authenticated Global Note to a Common Safekeeper for effectuation using electronic means, it is authorised and instructed to destroy the Global Note retained by it following its receipt of confirmation from the Common Safekeeper that the relevant Global Note has been effectuated.