Effectuated Clause Samples
The 'Effectuated' clause defines when and how the terms of an agreement become legally binding and operational. Typically, this clause specifies the exact date or event upon which the contract takes effect, such as upon signature by all parties or the occurrence of a specified condition. By clearly establishing the moment the agreement is activated, the clause ensures that all parties understand when their rights and obligations commence, thereby preventing disputes over the enforceability or timing of contractual duties.
Effectuated in the case of an NGN Temporary Global Note or an NGN Permanent Global Note, be effectuated manually by or on behalf of the Common Safekeeper.
Effectuated in the case of a Global Registered Note to be held under the New Safe Keeping Structure, be effectuated manually by or on behalf of the Common Safekeeper.
Effectuated in the case of a Global Registered Covered Bond to be held under the New Safe Keeping Structure, be effectuated manually by or on behalf of the Common Safekeeper.
Effectuated in the case of an NGCB Temporary Global Covered Bond or an NGCB Permanent Global Covered Bond, be effectuated manually by or on behalf of the Common Safekeeper.
Effectuated in the case of an NGN Temporary Global Note or an NGN Permanent Global Note, be effectuated manually by or on behalf of the Common Safekeeper. Notes in bearer form will not be issued under the Programme, unless and until there is further U.S. tax guidance on how bearer notes can be issued in registered form for U.S. tax purposes, the terms of the Bearer Notes and related arrangements have been revised to the extent required by such guidance, and U.S. tax counsel has rendered an opinion that such bearer notes will be regarded as issued in registered form for U.S. tax purposes.
Effectuated in the case of a Global Registered Note to be held under the NSS, be effectuated manually by or on behalf of the Common Safekeeper.
Effectuated in the case of a Registered Note to be held under the New Safekeeping Structure, be effectuated by or on behalf of the Common Safekeeper.