Declaration of Effectiveness Sample Clauses
A Declaration of Effectiveness clause formally states when an agreement or contract becomes legally binding and enforceable. Typically, this clause specifies a particular date or event—such as the signing of the contract, receipt of regulatory approval, or fulfillment of certain conditions—upon which the agreement takes effect. By clearly defining the moment the contract is operative, this clause eliminates ambiguity about the parties’ obligations and rights, ensuring all involved know exactly when their commitments begin.
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Declaration of Effectiveness. The Company shall use its best efforts to cause the Registration Statement and any post-effective amendment subsequently filed to become effective as promptly as practicable, but shall not obtain an Effective Date or allow the Registration Statement to become effective without the approval of the Representative. The Company will promptly advise the Representative, and will confirm such advice in writing:
(1) when the Registration Statement shall have become effective and when any amendment thereto shall have become effective and when any amendment of or supplement to the Prospectus shall have been filed with the Commission;
(2) when the Commission shall make a request or suggestion for any amendment to the Registration Statement or the Prospectus or for additional information and the nature and substance thereof;
(3) of the issuance by the Commission of any order suspending the effectiveness of the Registration Statement pursuant to Section 8 of the 1933 Act or of the initiation of any proceeding for that purpose;
(4) of the happening of any event which, in the judgment of the Company, makes any material statement in the Registration Statement or Prospectus untrue or which requires the making of any change in the Registration Statement or Prospectus in order to make the statements therein not misleading; and
(5) of the refusal to qualify or the suspension of the qualification of the Shares for offering or sale in any jurisdiction or of the institution of any proceeding for any of such purposes. The Company shall use every reasonable effort to prevent the issuance of any such order or of any order preventing or suspending such use, to prevent any such refusal to qualify or any such
Declaration of Effectiveness. This Agreement and the obligations of the Bank hereunder shall not be effective until and unless the Recipient provides documents to the satisfaction of the Bank relating to the following:
(i) Evidence that the execution and delivery of this Agreement on behalf of the Recipient have been duly authorized or ratified by the competent authorities of the Recipient;
(ii) Legal opinion acceptable to the Bank emanating from the chief legal officer and/or judicial authority of the Recipient stating that the provisions of the Agreement constitute enforceable binding obligations upon the Recipient substantially in the form provided in Annex-111 to this Agreement;
(a) A letter issued by the Ministry of Finance or any other duly authorized organ of the Recipient to the central bank of theKyrgyz Republic instructing/authorizing the central bank that payment of the Principal Amount and the Service Fee installments by the Recipient under this Agreement shall be effected by the central bank on the dates on which they fall due; [and
(b) The central bank acknowledging that it has received the said letter of instruction/authorization and that it will adhere to the instructions contained therein; OR The Recipient, through its Ministry of Finance or any other duly authorized organ, shall provide the Bank with a letter confirming that the concerned department or unit charged with servicing external debt has been instructed to make payment of the Principal Amount and the Service Fee installments on due datd.
Declaration of Effectiveness. The Registration Statement shall have been declared effective not later than 5:30 p.m., Tampa, Florida time, on the date of this Agreement or, with the Agent’s consent, at a later time and on a later date as the Agent may agree to in writing; at the Closing Time, no stop order suspending the effectiveness of the Registration Statement shall have been issued under the 1933 Act and no proceeding for that purpose shall have been instituted or be pending or, to the Agent’s Knowledge or the Knowledge of the Company, contemplated by the Commission, and any request on the part of the Commission for additional information shall have been complied with to the satisfaction of counsel for the Agent. If the Company has elected to rely upon Rule 430A of the 1933 Act Regulations, a Prospectus containing the Rule 430A information shall have been filed with the Commission in accordance with Rule 424(b) (or a post-effective amendment providing such information shall have been filed and declared effective in accordance with the requirements of Rule 430A).