Effect of Notification Sample Clauses
The "Effect of Notification" clause defines the legal and practical consequences that arise once a party has formally notified the other party of a particular event or circumstance under the contract. Typically, this clause outlines how the notification triggers certain rights, obligations, or timeframes, such as starting a cure period, activating indemnification procedures, or initiating dispute resolution steps. Its core function is to ensure that both parties clearly understand when specific contractual processes are set in motion, thereby reducing ambiguity and potential disputes about when obligations or remedies become effective.
Effect of Notification. The Parties agree that the notice provided by [n] to [n] dated [n] regarding amendments made to FINRA Rule 4210 to establish margin requirements for “Covered Agency 8 See 80 Fed. Reg. 63603, 63619 (Oct. 20, 2015). For parties using a 1996 MSFTA, modify as necessary (e.g., by replacing “Market Value” in paragraphs 2(a) and (d) with “Margin Value” and adding a definition of “Margin Value” similar to that used in Paragraph 2(p) of the 2012 MSFTA). 9 Paragraph 10 may be included in order to make inapplicable a previous amendment to conform the terms of the MSFTA to the Covered Agency Transaction provisions of Rule 4210 as was previously adopted by FINRA. Transactions” is of no force and effect insofar as it purports to make amendments to the Agreement.]10 10 Provision can be included if parties desire to stipulate that this Amendment is to serve as the operative amendment to the Agreement rather than any notice regarding 4210 implementation (such as the form notice drafted by SIFMA, “New FINRA Rules Regarding Margining of Agency MBS Transactions”).
Effect of Notification. No notification under paragraph (a) above, and no access, inspection or investigation, or information or notice received, pursuant to this Agreement, shall affect the representations or warranties of the Parties or the conditions to their respective obligations under this Agreement, except as specifically provided in this Agreement, including whether a party has Knowledge. Sellers, New Kleinco and National shall be entitled to make notification in the form of updates and/or modifications to Sellers’ Disclosure Schedule or National Disclosure Schedule and the notification shall amend and supplement the appropriate schedules previously delivered. The updated Sellers’ Disclosure Schedule and National Disclosure Schedule shall not affect the determination of satisfaction of the conditions to Closing set forth in Section 6.2(a) or 6.2(b), but is incorporated as part of Sellers’ Disclosure Schedule and the National Disclosure Schedule, as applicable, for purposes of Section 5.10(b) (Limitations of Representations and Warranties) and Section 8.1 (Indemnification) in the determination of whether there has been any misrepresentation or breach of warranty that otherwise might have existed hereunder by reason of the variance or inaccuracy.
Effect of Notification. 1) In the event that the Bank sends any written notification and other document to the final address reported by the Debtor by mail, it shall be deemed that such notification and other document have arrived immediately upon expiration of a normal delivery time by post.
2) In the event that the Debtor neglected his duty to notify the Bank of any amendments in Paragraph 2) of Article 16 and if any notifications or other documents sent under Paragraph 1) above have not arrived to the Debtor in time or have been lost, it shall be deemed that any notifications or other documents have arrived immediately upon expiration of a normal delivery time by post. Provided, however, that it shall be deemed that material notifications such as the notice of set-off or request for repayment of debts prior to maturity have arrived only where dispatched by content-certified registered mail.
3) In the event that the Bank preserves the copies of the notice to the Debtor and keeps clear records on sending time, day, month, and year correctly on a ledger, it shall be inferred that the notice have been sent out as set forth in the ledger.
Effect of Notification. The Parties agree that the notice provided by [⬤] to [⬤] dated [⬤] regarding amendments made to FINRA Rule 4210 to establish margin requirements for “Covered Agency 8 See FINRA Rule 4210(e)(2)(H)(ii)(d) and (e). This provision could be made bilateral in the case of two FINRA members transacting with each other.
Effect of Notification. When a notification under section four of this Act is published in the Gazette, then as from the date upon which the Agreement comes into force—