Common use of Effectiveness and Miscellaneous Clause in Contracts

Effectiveness and Miscellaneous. 1. This Agreement shall become effective upon execution or seal by the parties hereto. 2. During the term of this Agreement, any grace, extension or delay given by the Entrustor to the Borrower and the surety in the exercise of its rights or interests under this Agreement shall neither prejudice, affect or limit any and all rights or interests of the Entrustor under applicable law and this Agreement, nor be deemed waiver by the Entrustor of any rights or interests under this Agreement, and nor affect any obligations of the Borrower under this Agreement. 3. If, at any time, any term of this Agreement becomes illegal, invalid or unenforceable in any respect, the legality, validity or enforceability of any other terms of this Agreement shall not be affected or prejudiced. 4. Headings are included for convenience only and shall not be used for the construction of any provision of this Agreement or any other purposes. 5. The exhibits hereto shall be an integral part of this Agreement and shall have the same legal effect as this Agreement. 6. This Agreement shall be executed in four counterparts, with each of the Entrustor, the Lender and the Borrower holding one and each counterpart shall have the same legal effect.