Effect of Repeal Sample Clauses
The "Effect of Repeal" clause defines what happens to rights, obligations, or legal relationships when a law, regulation, or contractual provision is repealed or revoked. Typically, this clause clarifies whether actions taken or rights accrued under the repealed provision remain valid, or if they are nullified by the repeal. For example, it may specify that contracts entered into or penalties incurred before the repeal are still enforceable. Its core function is to ensure legal certainty and continuity by addressing the status of existing situations affected by the repeal, thereby preventing confusion or disputes over past actions.
Effect of Repeal. In the event that the provisions of Sections 280G and 4999 of the Code are repealed without succession, this Section shall be of no further force or effect.
Effect of Repeal. If the provisions of Code Sections 280G and 4999 are repealed without succession, this Section 7(f)(ii) will not apply. In addition, if this provision does not apply to Executive for whatever reason (e.g., because Executive is not a “disqualified individual” for purposes of Code Section 280G), this Section will not apply.
Effect of Repeal. Neither the amendment nor repeal of this paragraph 7, nor the adoption of any amendment hereto, nor, to the fullest extent permitted by Oklahoma law, any modification of law, will eliminate or reduce the effect of this paragraph 7 in respect of any acts or omissions occurring prior to such amendment, repeal, adoption or modification.
Effect of Repeal. If the provisions of Code Sections 280G and 4999 (or the corresponding provisions of any revenue law) are repealed without succession and with an effective date that is prior to the application of this Section 8(g)(ii), then this Section 8(g)(ii) will not apply. If such provisions do not apply to Executive for whatever reason (e.g., because Executive is not a “disqualified individual for purposes of Code Section 280G) or does not apply to this Agreement, then this Section 8(g)(ii) will not apply.
Effect of Repeal. If Code Sections 280G and 4999 are repealed without successor provisions being enacted, this Section shall be of no further force or effect.
Effect of Repeal. In order that indemnitee may rely on the indemnification promised by this Section, no repeal or amendment of this Section shall reduce the right of indemnitee to payment of expenses or indemnification for acts of indemnitee taken before the date of repeal or amendment.
Effect of Repeal. If the provisions of Sections 280G and 4999 of the Code are repealed without succession, this Section 11 shall be of no further force or effect. **Text has been omitted pursuant to a confidentiality request. Omitted text has been filed with the Securities & Exchange Commission.
Effect of Repeal. The repeal of an Act or resolve, or part thereof, imposing a tax or taxes shall have no effect upon the reporting, collecting or refunding of taxes accrued to the date of that repeal. The procedures relating to the reporting, collecting or refunding of taxes in effect at the date of the repeal shall remain in full force and effect until the liabilities incurred pursuant to the Act or resolve, or part thereof, are satisfied. [1981, c. 364, §17 (NEW).] SECTION HISTORY 1981, c. 364, §17 (NEW).