Common use of Effectiveness of Transaction Documents Clause in Contracts

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. (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 2012 Deed of Disclosed 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.