Effective Conditions Clause Samples
The Effective Conditions clause defines the specific requirements or events that must be satisfied before a contract or agreement becomes legally binding and enforceable. Typically, these conditions might include obtaining regulatory approvals, securing financing, or the completion of due diligence. By clearly outlining these prerequisites, the clause ensures that both parties understand when their obligations commence, thereby preventing misunderstandings and reducing the risk of disputes over the contract's start date.
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Effective Conditions. This Agreement shall become effective upon execution and stamp of legal representatives (persons in charge) or their authorized agents of Party A and Party B.
Effective Conditions. Sections 5 and 6 of this Article shall not be effective until the conditions described in Section 8-9 of the Charter of the City of Pueblo are satisfied.
Effective Conditions. The effectiveness of the amendment in Section 2 above and the payment of the Bonus contemplated thereunder is subject to the satisfaction of all of the following conditions (the "Effective Conditions"):
(a) On or before the Effective Date, the delivery by the Executive of a waiver (in the form attached as Exhibit A) of all Parachute Payments due to or receivable by the Executive under any other plan, arrangement or agreement between the Executive and the Company, other than as provided under the Original Agreement, as hereby amended.
(b) Approval (in accordance with Section 280G(b)(5)(B) of the Code) by the shareholders of the Company and PFMI of the amendment in Section 2 hereof and the payment of the Bonus thereunder (said approval date being the "Effective Date") before the closing of the Transaction.
(c) The Change of Control occurs within six months of the Effective Date.
Effective Conditions. This Agreement comes into effect after being signed by both parties and approved by each party. Both parties agree to go through the relevant procedures within 15 working days.
Effective Conditions. The JV Contract and the transaction contemplated thereunder shall come into effect after the JV Contract is signed by the authorized representatives of both parties and the official seal is affixed.
Effective Conditions. This Agreement shall come into force upon being signed and approved by both parties, and both parties agree to go through the equity change procedures within 15 working days.
Effective Conditions. This Agreement shall become effective on the date on which the principal person in charge of both parties signs and affixes the official seal.
Effective Conditions. The Lease Agreement shall take effect upon signing by the legal representatives or authorized representatives of the Parties thereto (or affixing their personal chops) thereon with the company seal, and the consideration and approval of the Resolution on Fulfillment of Undertakings Related to the “Exploration IV” Drill Rig by lease at the first extraordinary general meeting of the Company in 2019.
Effective Conditions. The Supplemental Agreement shall take effect upon being duly signed and sealed and the relevant decision-making procedures completed by the parties thereto. Save as disclosed above, all other terms of the Share Subscription Agreement shall remain unchanged and in full force and effect. The Directors (including independent non-executive Directors) are of the view that the Supplemental Agreement is on normal commercial terms, and the terms thereunder are fair and reasonable and in the interests of the Company and the Shareholders as a whole. The Company and Yunnan Aluminum will enter into a final shares subscription agreement separately upon the Company’s specific number of shares and amount of the subscription under the issuance are determined. The Company will perform its information disclosure obligations in accordance with the relevant requirements of the Hong Kong Listing Rules in due course. Beijing, the PRC 16 March 2021
Effective Conditions. The Liangbaosi Energy Arrangement Agreement shall come into effect on the date of execution and sealing by the legal representatives or authorized representatives of Luxi Mining, Linyi Mining Group and Liangbaosi Energy, with their respective seals exclusively for contracts or official seals, and upon the completion and approval of the internal decision-making procedures by the Company regarding the Liangbaosi Energy Arrangement Agreement. The Xinjulong Energy Arrangement Agreement shall come into effect on the date of execution and sealing by the legal representatives or authorized representatives of Luxi Mining, Linyi Mining Group and Xinjulong Energy, with their respective seals exclusively for contracts or official seals, and upon the completion and approval of the internal decision-making procedures by the Company regarding the Xinjulong Energy Arrangement Agreement. The Heze Coal Electricity Arrangement Agreement shall come into effect on the date of execution and sealing by the legal representatives or authorized representatives of Luxi Mining, Linyi Mining Group and Guotun Coal Mine of Heze Coal Electricity, with their respective seals exclusively for contracts or official seals, and upon the completion and approval of the internal decision-making procedures by the Company regarding the Heze Coal Electricity Arrangement Agreement.