Effective Time. This Agreement shall be effective as of the Closing Date, subject to the consummation of the Closing in accordance with the Purchase Agreement. In the event of termination of the Purchase Agreement prior to the Closing, this Agreement shall be deemed abandoned and shall automatically terminate and have no further force and effect. No party shall have any obligation to any other party under this Agreement unless and until the Closing occurs.
Appears in 375 contracts
Samples: Servicing Agreement (Benchmark 2021-B30 Mortgage Trust), Servicing Agreement (Carvana Auto Receivables Trust 2021-P1), Servicing Agreement (Morgan Stanley Capital I Trust 2021-L6)
Effective Time. This Agreement shall be deemed effective as of the Closing Date, subject to without further action required on the consummation party of any party hereto. If the Closing in accordance with does not occur and the Purchase Agreement. In the event of termination of the Stock Purchase Agreement prior to the Closingis terminated, this Agreement shall have no force or effect and shall be deemed abandoned and shall automatically terminate and have no further force and effect. No party shall have any obligation to any other party under this Agreement unless and until the Closing occursvoid ab initio.
Appears in 3 contracts
Samples: Restricted Stock Agreement (Euramax International PLC), Restricted Stock Agreement (Euramax International PLC), Restricted Stock Agreement (Euramax International PLC)
