Effect as a Deed Sample Clauses
The 'Effect as a Deed' clause establishes that the agreement or document is intended to take legal effect as a deed rather than as a simple contract. This typically means that the document is executed with additional formalities, such as being signed, witnessed, and sometimes delivered, which can make it enforceable even without consideration. By specifying that the document operates as a deed, the clause ensures that the parties are bound by its terms with a higher level of legal certainty, often used for important transactions like property transfers or guarantees, thereby addressing the need for enforceability and evidentiary strength.
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Effect as a Deed. This Deed is intended to take effect as a deed notwithstanding that the Agent may have executed it under hand only.
Effect as a Deed. This Deed is intended to take effect as a deed notwithstanding that the Security Trustee or any other party hereto may have executed it under hand only.
Effect as a Deed. This Debenture is intended to take effect as a deed notwithstanding that the Collateral Agent may have executed it under hand only.
Effect as a Deed. This Deed is intended to take effect as a deed notwithstanding that the Security Trustee and/or the Creditor may have executed it under hand only.
Effect as a Deed. Each of the parties hereto agree this Agreement is intended to take effect as a deed notwithstanding that the Lessor has executed it under hand only.
Effect as a Deed. This Agreement is intended to take effect as a Deed.
Effect as a Deed. This Deed shall take effect as a deed notwithstanding that any party to it may have executed it under hand only.
Effect as a Deed. This Assignment is intended to take effect as a deed notwithstanding that the Security Trustee may have executed it under hand only.
Effect as a Deed. This Security Accession Deed shall take effect as a deed even if it is signed under hand by or on behalf of the Administrative Agent.
Effect as a Deed. This Agreement is intended to take effect as a deed notwithstanding the fact that a party may only execute this Agreement under hand.