Common use of Closing Time Clause in Contracts

Closing Time. Notwithstanding anything contained in this Agreement to the contrary, none of the provisions of Article 2 or Article 3 of this Agreement shall be operative or have any effect until the Closing Time, at which time all the provisions of Article 2 and Article 3 of this Agreement shall be effective and operative in accordance with Article 5, without further action by any Party hereto.

Appears in 14 contracts

Samples: Contribution, Conveyance and Assumption Agreement (El Paso Pipeline Partners, L.P.), Contribution Agreement (El Paso Pipeline Partners, L.P.), Contribution, Conveyance and Assumption Agreement (El Paso Pipeline Partners, L.P.)

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Closing Time. Notwithstanding anything contained in this Agreement to the contrary, none of the provisions of Article 2 or Article 3 of this Agreement shall be operative or have any effect until the Closing Time, Time at which time all the provisions of Article 2 and Article 3 of this Agreement shall be effective and operative in accordance with Article 5, without further action by any Party hereto.

Appears in 3 contracts

Samples: Contribution, Conveyance and Assumption Agreement (El Paso Pipeline Partners, L.P.), Contribution, Conveyance and Assumption Agreement (El Paso Pipeline Partners, L.P.), Contribution Agreement (El Paso Pipeline Partners, L.P.)

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