CONTRACT, DEEDS, ETC Sample Clauses

CONTRACT, DEEDS, ETC. 22.2.1. Upon the coming into effect of this Scheme and subject to the provisions of this Scheme, all contracts, deeds, bonds, agreements, understandings whether written or oral and other instruments, if any, of whatsoever nature to which Transferor Companies are party or to the benefit of which Transferor Companies may be eligible and which are subsisting or having effect on the Effective Date, shall without any further act, instrument or deed, be in full force and effect against or in favour of OSCL, as the case may be, and may be enforced by or against OSCL, as fully and effectively as if, instead of Transferor Companies / Demerged Company, OSCL had been a party or beneficiary or obligee thereto. 22.2.2. Without prejudice to other provisions of this Scheme and notwithstanding the fact that the vesting of the Undertakings occurs by virtue of this Scheme itself, OSCL may, at any time after the coming into effect of this Scheme in accordance with the provisions hereof, if so required, under any law or otherwise, execute deeds of confirmation in favour of any party, to any contract or arrangement to which Transferor Companies are parties, as may be necessary, to be executed in order to give formal effect to the above provisions. OSCL shall be deemed to be authorised to execute any such writings on behalf of Transferor Companies, and to carry out or perform all formalities or compliances required for the purposes referred to above on the part of Transferor Companies.
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Related to CONTRACT, DEEDS, ETC

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