Contract in Force Clause Samples
The 'Contract in Force' clause defines the point at which the contract becomes legally binding and enforceable between the parties. Typically, this clause specifies that the contract takes effect either upon signature by all parties, on a particular date, or upon the occurrence of a specified event. For example, it may state that the agreement is effective as of the date of the last signature or upon delivery of certain documents. Its core practical function is to eliminate ambiguity about when the parties' rights and obligations commence, ensuring clarity and preventing disputes over the contract's validity or enforceability.
POPULAR SAMPLE Copied 19 times
Contract in Force. As of the Closing Date (or the applicable Subsequent Transfer Date in the case of Subsequent Contracts), no Contract has been satisfied or subordinated in whole or in part or rescinded, and the related Motorcycle securing any Contract has not been released from the lien of the Contract in whole or in part.
Contract in Force. As of the Cutoff Date, the Seller’s servicing system indicates that the Contract was not satisfied or subordinated in whole or in part or rescinded, and the related Motorcycle securing the Contract has not been released from the lien of the Contract in whole or in part.
Contract in Force. The Contract has not been satisfied or subordinated in whole or in part or rescinded, and the Manufactured Home securing the Contract has not been released from the lien of the Contract in whole or in part.
Contract in Force. As of the Closing Date, no Contract has been satisfied or subordinated in whole or in part or rescinded, and the related Financed Vehicle securing any Contract has not been released from the lien of the Contract in whole or in part.
Contract in Force. The Contract has not been satisfied or subordinated in whole or in part or rescinded.
Contract in Force. The Contract has not been satisfied or subordinated in whole or in part or rescinded, and the motor vehicle securing the Contract has not been released from the lien of the Contract in whole or in part.
Contract in Force. No Finance Contract has been satisfied, subordinated or rescinded, nor has any Financed Vehicle been released from the security interest granted by the Finance Contract in whole or in part, and Seller's and each prior holder's obligations under the Finance Contract have been performed in accordance with the terms thereof, except those which first shall arise subsequent to the Closing.
Contract in Force. Buyer and Company hereby acknowledge and agree that, except as expressly modified in this Second Amendment, the terms and provisions of the Contract as previously written shall remain in full force and effect. The provisions of this Second Amendment shall control if there is a conflict with the provisions of the Contract.
Contract in Force. The MH Loan has not been satisfied or subordinated in whole or in part or rescinded, and the Manufactured Home securing the MH Loan has not been released from the lien of the MH Loan in whole or in part.
Contract in Force. Such Contract is in full force and effect and ----------------- has not been satisfied in whole or in part, or rescinded.