Effectiveness of Transaction Documents Sample Clauses
The 'Effectiveness of Transaction Documents' clause establishes when the various agreements and documents related to a transaction become legally binding and enforceable. Typically, this clause specifies that the transaction documents take effect upon the satisfaction of certain conditions, such as the closing date or the completion of required approvals. By clearly defining the moment these documents become operative, the clause ensures all parties understand their rights and obligations, thereby preventing disputes about when contractual commitments begin.
Effectiveness of Transaction Documents. The Transaction Documents are in full force and effect. The Guarantor agrees that the foregoing representations and warranties shall be deemed to have been made by the Guarantor on the date hereof, the date of each Utilisation Request by BFE and each Utilisation Date under the Facility Agreement, on and as of all such dates.
Effectiveness of Transaction Documents. (a) It is or becomes unlawful for any Obligor to perform any of its obligations under the Finance Documents.
(b) It is or becomes unlawful for any Obligor to perform any of its material obligations under the Transaction Documents (other than a Finance Document).
(c) Any Transaction Document is not effective or terminated in accordance with its terms (except for any termination pursuant to a Permitted Transaction provided that immediately following that Permitted Transaction an equivalent Transaction Document is entered into in form and substance satisfactory to the Facility Agent and on terms which are substantially the same as the terms of the relevant Transaction Document prior to the Permitted Transaction) or following the expiry of any prescribed term of that Transaction Document or is alleged by an Obligor to be ineffective in accordance with its terms for any reason.
(d) A Security Document does not create a Security Interest it purports to create.
(e) An Obligor repudiates or revokes a Transaction Document or evidences an intention to repudiate or revoke a Transaction Document to which it is a party.
Effectiveness of Transaction Documents. Simultaneously herewith, the parties have each executed and delivered the Shareholder Agreement, dated as of the date hereof (the "Shareholder Agreement") and the Registration Rights Agreement, dated as of the date hereof (the "Registration Rights Agreement") a copy of each of which is attached hereto. Each of the Shareholder Agreement and the Registration Rights Agreement shall become effective in accordance with their terms immediately upon the consummation of the Repurchase and the Exchange.
Effectiveness of Transaction Documents. (i) It is or becomes unlawful for an ING Party to perform any of its obligations under the Transaction Documents to which it is a party.
(ii) Any Transaction Document (other than the Deed of Pledge) is not effective in accordance with its terms or is alleged by an ING Party to be ineffective in accordance with its terms for any reason.
(iii) An ING Party disaffirms, disclaims, repudiates, rejects or rescinds a Transaction Document or evidences an intention to disaffirm, disclaim, repudiate, reject or rescind repudiate a Transaction Document.
Effectiveness of Transaction Documents. (a) Any Transaction Document ceases to be in full force and effect.
(b) It is or becomes unlawful for any Obligor to perform any of its material obligations under the Transaction Documents.
(c) Any Transaction Document is alleged by an Obligor to be ineffective for any reason.
(d) A Security Document does not create the security it purports to create in a manner and to an extent reasonably considered by the Majority Lenders to be materially adverse to the interests of the Lenders under the Finance Documents.
(e) An Obligor repudiates a Transaction Document or evidences an intention to repudiate a Transaction Document.
Effectiveness of Transaction Documents. (a) Any Transaction Document ceases to be in full force and effect. --------------------------------------------------------------------------------
(b) It is or becomes unlawful for the Company to perform any of its material obligations under the Transaction Documents to which it is a party.
(c) Any Transaction Document is alleged by an Obligor to be ineffective for any reason.
(d) An Obligor repudiates a Transaction Document or evidences an intention to repudiate a Transaction Document.
Effectiveness of Transaction Documents. (a) It is or becomes unlawful for any Person (other than a Senior Finance Party) to perform any of its material obligations under the Transaction Documents.
(b) Any part of a Transaction Document (other than immaterial provisions) is or becomes or is alleged by any party to be invalid, illegal, ineffective, not binding or unenforceable in accordance with its written terms for any reason, provided that with respect to Power Purchase Agreements (other than Material PPAs), in the opinion of the Senior Agent this has, or would reasonably likely to result in, a Material Adverse Effect, and provided that the circumstances referred to in this sub-clause (b) with respect to the B▇▇▇▇ Agreement will not constitute an Event of Default, if, within forty five (45) days of the occurrence of such circumstances, the Borrower enters into a Gas Resale Agreement in accordance with this Agreement.
(c) A Security Document does not create the security it purports to create or is otherwise ineffective, unenforceable, invalid, or illegal, or the ranking or priority of such Security Document is affected, or any party thereto shall so asserts in writing.
(d) Any party (other than a Senior Finance Party) to a Transaction Document repudiates or rescinds a Transaction Document, disclaims a liability under any Transaction Document or evidences an intention to repudiate or rescind a Transaction Document or disclaim a liability under any Transaction Document.
(e) Any provision of a Transaction Document is amended or waived, assigned or transferred without the prior consent of the Senior Agent (including where such amendment, waiver, assignment or transfer is required under or pursuant to any Applicable Law).
Effectiveness of Transaction Documents. It is or becomes unlawful for an Obligor to perform any of its obligations under the Transaction Documents, any Transaction Document is (or is alleged by an Obligor to be for any reason) invalid, ineffective or unenforceable and such unlawfulness, invalidity, ineffectiveness or unenforceability has a Material Adverse Effect, or an Obligor repudiates or rescinds or purports to repudiate or rescind a Transaction Document.
Effectiveness of Transaction Documents. Each Transaction Document shall be effective upon its execution and delivery by the parties to such Transaction Document, provided that the Joint Venture Agreement and the Project Company Articles of Association are subject to the approval of Shaanxi DOC and shall become effective upon the receipt of such approval. In the event of any conflict between the provisions of any Transaction Document and the provisions of this Agreement, (a) if such conflict is between the Joint Venture Agreement and the provisions of this Agreement, then the provisions of this Agreement shall prevail, and (b) if such conflict is between any Transaction Document other than the Joint Venture Agreement and this Agreement, then the provisions of the applicable Transaction Document (other than the Joint Venture Agreement) shall prevail.
Effectiveness of Transaction Documents. (a) It is or becomes unlawful for any person (other than a Finance Party) to perform any of its obligations under the Transaction Documents.
(b) Any part of a Transaction Document is not binding and effective in accordance with its written terms or is alleged by any party to that Transaction Document not to be binding and effective in accordance with its written terms for any reason.
(c) A Security Document does not create a Security Interest it purports to create.
(d) At any time, the Security Trustee would not be entitled to appoint an administrative receiver of the Obligors under the relevant Security Document assuming that at that time, the security under the relevant Security Document has become enforceable.
(e) Any party (other than a Finance Party) to a Transaction Document disputes, terminates or repudiates a Transaction Document, disclaims a liability under any Transaction Document or evidences an intention to dispute, terminate or repudiate a Transaction Document or disclaim a liability under any Transaction Document.