Common use of EFFECTIVENESS OF THIS CONTRACT Clause in Contracts

EFFECTIVENESS OF THIS CONTRACT. This contract becomes effective after both parties’ signatures or stamps by authorized people and stamped of official seals, as well as the guarantee procedure under article 5 of this contract is conducted. This contract will be automatically ineffective at the day when party B pays off all debts and other related expenses to party A.

Appears in 2 contracts

Sources: Credit Agreement (Synthesis Energy Systems Inc), Credit Agreement (Synthesis Energy Systems Inc)