Contracts and Deeds Clause Samples

Contracts and Deeds. Subject to the other provisions contained in this Scheme all contracts, deeds, bonds, agreements and other instruments of whatsoever nature relating to the Demerged Undertaking to which WTL is a party subsisting or having effect immediately before the Effective Date shall remain in full force and effect against or in favour of JWTL and may be enforced as fully and effectually as if instead of WTL, JWTL had been a party thereto.

Contracts and Deeds. All contracts, deeds and instruments shall be signed on behalf of the Company by the chief executive officer, by the president, by any vice president, or by such other person or persons as the Board of Directors or the chief executive officer may from time to time designate. Notwithstanding any other provision of this Agreement, neither the Company, nor the Board of Directors on behalf of the Company, shall make a distribution to the Member on account of its interest in the Company if such distribution would violate the Act or other applicable law.

Contracts and Deeds. On the Effective Date all contracts, deeds, bonds, agreements and other instruments of whatsoever nature relating to the Publication Division to which Demerged Company is a party subsisting or having effect immediately before this Scheme becomes operative shall remain in full force and effect against or in favour of SIL, as the case may be and may be enforced as fully and effectually as if instead of Demerged Company, SIL had been a party thereto.

Contracts and Deeds. 6.1. Notwithstanding anything contrary contained in this Scheme, any and all existing contracts, deeds, bonds, agreements, undertakings, guarantees, indemnities and other instruments if any, of whatsoever nature relating to the Demerged undertaking and to which the Transferor Company is party or a beneficiary and subsisting or having effect on the Effective Date, shall be in full force and effect transferred in favor of the Resulting Company and may be enforced by or against the Resulting Company as fully and effectually as if, instead of the Transferor Company, the Resulting Company had been a party or beneficiary or oblige thereto, without any further act or deed. 6.2. The Resulting Company shall enter into and/or issue and /or execute deeds, writings or confirmations or enter into any tripartite arrangements, confirmations or novations, to which the Transferor Company will, if necessary, also be party in order to give formal effect to the provisions of this Scheme, if so required or becomes necessary. The Resulting Company shall be deemed to be authorized to execute any such deeds, writings or confirmations on behalf of the Transferor Company and to implement or carry out all formalities required on the part of the Transferor Company to give effect to the provisions of this Scheme. 6.3. Without prejudice to the generality of the foregoing, it is clarified that upon the coming into effect of the Scheme, all Consents, Permissions, Licenses, Certificates, Insurance covers, Clearances, Authorities, Powers of Attorney given by, issued to or executed in favor of the Transferor Company in relation to the Demerged undertaking shall stand transferred to the Resulting Company as if the same were originally given by, issued to or executed in favor of the Resulting Company, and the Resulting Company shall be bound by the terms thereof, the obligations and duties thereunder, and the rights and benefits under the same shall be available to the Resulting Company.