Effect of the Contract Sample Clauses
Effect of the Contract. This contract is concluded for a fixed period as specified in Article III. of this contract.
Effect of the Contract. The effectiveness of the contract is dependent on the fulfilment of the following conditions:
(1) Full financing of the project ● Commitment of [€________] for open participation in the total amount of [€_________]; ● Commitment of the FIB for an open participation in the total amount of [€_______]; ● Commitment for silent participations in the amount of [€_________].
(2) Submission of a current certificate in tax matters from the responsible tax office in the original.
(3) Before the Contribution, the acquisition of shares must have been carried out in accordance with the standards of the Participation Provider under an open participation agreement and an amendment of the articles of association.
(4) Before the Contribution, Participant must demonstrate that it owns the entire right, title and interest in its patents, trademarks, copyrights, trade secrets, know-how and other proprietary material and concepts (“Intellectual Property”), and demonstrate that no claims have been asserted challenging Participant’s inventorship, ownership or right to use the Intellectual Property. Possible future patent applications must be disclosed by Participant.
(5) All documents to be submitted must not give rise to any concerns.
Effect of the Contract. 14.1 The Parties agree that the contents of the Contract and the annexes thereof are the entire contents finally determined in the cooperation between them. The representatives of Party A and Party B have respectively obtained the approval from their respective organizations and finally executed the Contract on behalf of their respective organizations at the place where Party B is located. This Contract may take effect only after stamped by the special contract seals or official seals of the Parties. This Contract will immediately take effect as of the date on which the Parties sign and affix special contract seals /official seals to the Contract, and will be automatically terminated as of the date on which the Parties completely perform all their respective obligations.
14.2 The annexes hereof are integral parts of the Contract. This Contract is made in quadruplicate with equal legal effect, and each Party holds two. The Parties agree that the faxes of various documents relating to this Contract and stamped with the contract seal or official seal by Party A or Party B are valid.
Effect of the Contract. This document constitutes the complete and entire Agreement between the parties. All rights and duties are specifically expressed in this Settlement. All prior representations, statements, negotiations, understandings, and undertakings are superseded hereby. The Employer and the Union agree that each of the parties, during the negotiation of this Agreement, had an unlimited opportunity to raise any and all issues or questions concerning wages, hours, and working conditions. This Agreement is subject to all applicable Federal and State laws, rules and regulations, and shall be interpreted wherever possible so as to comply fully with such laws, provisions, or any official decision interpreting them.
Section I. Neutrality
Effect of the Contract. The Contract is made in the ordinary course of business and has been established on an arms’ length basis. The Contract is expected to contribute positively to KPS Berhad Group’s earnings and net assets for the duration of the Contract.
Effect of the Contract cases for termination
a.) By the written notice of the parties sent to each other with a 30-day notice period.
b.) If any of the parties is wound up by a voluntary dissolution procedure, or a bankruptcy or liquidation procedure is initiated against it.
c.) In case one of material obligation is not met, especially if the invoices remain unpaid, or performs any other illegal activities.
d.) Both parties are entitled to terminate the contract with immediate effect, if the other party breaches its material obligation so severely that it is not expectable from the party to maintain the Contract in the future.
e.) Terminating the present Contract does not affect individual contractor’s agreements already fulfilled and still in progress at the time of termination. In case the contract is terminated, the Parties are obliged to settle their accounts considering services fulfilled before termination.
Effect of the Contract. This contract shall be affected after signed by legal representative or authorized representative of both parties or stamped (if Party A is natural person, it shall sign in person).
Effect of the Contract. This Frame Contract shall enter into force and effect on the day of its signing by the Contractual Parties. This Frame Contract shall be made for a defined period of time, i.e. to 31.12.
Effect of the Contract. This Contract shall take effect from the date of its execution.