Effectiveness of this Deed Clause Samples
The 'Effectiveness of this Deed' clause defines when the deed becomes legally binding and enforceable between the parties. Typically, this clause specifies the exact date or event upon which the deed takes effect, such as the date of execution by all parties or a specified commencement date. Its core practical function is to provide certainty about when the rights and obligations under the deed begin, thereby preventing disputes about the timing of enforceability.
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Effectiveness of this Deed. This Deed shall be effective on and from the date of this Deed and shall be in force until the Obligations have been fully paid-off to the satisfaction of the Debentureholders, provided that if the conditions precedent set out in Schedule VI (Conditions Precedent) have not been satisfied or waived by the Cut-off Date, the Trustee (acting in accordance with Relevant Instructions) shall have a right, by notice to the Issuer, to terminate this Deed and the other Debenture Documents at any time after the Cut-off Date has elapsed provided that, for the avoidance of doubt, any such termination shall not affect any obligation of the Issuer to pay any amounts that are then due and payable by it under the Debenture Documents.
Effectiveness of this Deed. This Deed shall be effective on and from the date of execution of this Deed and shall be in force until the Debt have been fully paid-off to the satisfaction of the Debenture Holders.
Effectiveness of this Deed. Notwithstanding anything to the contrary stated herein, save and except Clause 3 (Covenant to Pay), Clause 31 (Security), Clause 4 (Issuer Covenants), Clause 34 (Events of Default), Clause 37 (Tax Gross Up and Indemnities), Schedule V (Provisions for Meeting of Holders), Clause 41 (Indemnity), this Deed shall be effective on and from the date of this Deed and shall be in force until the Debt Securities Outstandings have been fully paid-off to the satisfaction of the Holders. Clause 3 (Covenant to Pay), Clause 31 (Security), Clause 4 (Issuer Covenants), Clause 34 (Events of Default), Clause 37 (Tax Gross Up and Indemnities), Schedule V (Provisions for Meeting of Holders), Clause 41 (Indemnity) of this Deed shall be effective on and from the Deemed Date of Allotment.
Effectiveness of this Deed. This Deed shall be effective on and from the date of this Deed and shall be in force until the Obligations have been fully paid-off to the satisfaction of the Debentureholders, provided that if the conditions precedent set out in of Schedule II (Conditions Precedent) of Part A of this Deed have not been satisfied or waived by the Deemed Date of Allotment, the Trustee (acting in accordance with Relevant Instructions) shall have a right, by notice to the Issuer, to terminate this Deed and the other Transaction Documents at any time after the Deemed Date of Allotment has elapsed provided that, for the avoidance of doubt, any such termination shall not affect any obligation of the Issuer to pay any amounts that are then due and payable by it under the Transaction Documents.