Common use of Effectiveness and Miscellaneous Clause in Contracts

Effectiveness and Miscellaneous. 1. This Agreement shall become effective upon execution by or affixation with the seal of each party hereto. 2. During the term of this Agreement, any grace or extension granted by the Entrustor or the Lender to the Borrower or the surety or any delay of the Entrustor or the Lender 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 or the Lender under applicable law and this Agreement, nor be deemed a waiver by the Entrustor or the Lender of any rights or interests under this Agreement, nor affect any obligations of the Borrower under this Agreement. 3. In response to its business or management needs, the Lender shall have the right to authorize or delegate any other branch of the Bank to exercise its rights and perform its obligations hereunder, including but not limited to the execution of any relevant agreements, or to transfer the management of a Loan hereunder to any other branch of the Bank, in each case, without consent from the Borrower/Entrustor. The Borrower/Entrustor hereby acknowledges the foregoing. 4. If, at any time, any terms 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. 5. Headings are inserted for convenience only and shall not be used for the construction of any provision of this Agreement or any other purpose. 6. The exhibits hereto shall be an integral part of this Agreement and shall have the same legal effect as this Agreement. 7. This Agreement shall be executed in FOUR counterparts, with the Entrustor to hold ONE counterpart, the Lender to hold TWO counterparts and the Borrower to hold ONE counterpart, and each counterpart shall have the same legal effect.

Effectiveness and Miscellaneous. 1. This Agreement shall become effective upon execution by or affixation with the seal of each party hereto. 2. During the term of this Agreement, any grace or extension granted by the Entrustor or the Lender to the Borrower or the surety or any delay of the Entrustor or the Lender 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 or the Lender under applicable law and this Agreement, nor be deemed a waiver by the Entrustor or the Lender of any rights or interests under this Agreement, nor affect any obligations of the Borrower under this Agreement. 3. In response to its business or management needs, the Lender shall have the right to authorize or delegate any other branch of the Bank to exercise its rights and perform its obligations hereunder, including but not limited to the execution of any relevant agreementscontracts, or to transfer the management of a Loan hereunder to any other branch of the Bank, in each case, without consent from the Borrower/Entrustor. The Borrower/Entrustor hereby acknowledges the foregoing. 4. If, at any time, any terms 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. 5. Headings are inserted for convenience only and shall not be used for the construction of any provision of this Agreement or any other purposepurposes. 6. The exhibits hereto shall be an integral part of this Agreement and shall have the same legal effect as this Agreement. 7. This Agreement shall be executed in FOUR four counterparts, with the Entrustor to hold ONE counterpartone, the Lender to hold TWO counterparts two and the Borrower to hold ONE counterpartone, and each counterpart shall have the same legal effect.

Effectiveness and Miscellaneous. 120.1 Each party shall authorize a representative(s) for signature of this Contract. For the Seller Chemical Equipment Engineering Limited Xxxxxxx Schirsner is hereby authorized to sign this Contract. For the Buyer is hereby authorized to sign this contract. 20.2 This Agreement Contract shall become effective upon execution the signature by or affixation with the seal authorized persons stipulated in section 20.1 20.3 After the fulfillment of each party heretothis Contract, this Contract will remain valid beyond one (1) month after the expiry date of the warranty period. Any unsettled credit and debt under this Contract shall not be affected by the expiration of this Contract. The debtor shall effect its obligation of reimbursement to the creditor. 20.4 This Contract is made in English. This Contract is in four (4) originals, two (2. During ) for the term Buyer and two (2) for the Seller. 20.5 Appendices to this Contract are integral parts to this Contract and have the same legal force as the text of this AgreementContract itself. 20.6 All amendments, any grace or extension granted supplements and alternations to the terms and conditions of this Contract shall be made in written form and signed by the Entrustor authorized representatives according to paragraph 20.1. These documents shall be integral parts of this Contract. 20.7 No assignment of any right or the Lender obligation under this Contract shall be made by either party to the Borrower or the surety or any delay a third party without prior written consent of the Entrustor or the Lender 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 or the Lender under applicable law and this Agreement, nor be deemed a waiver by the Entrustor or the Lender of any rights or interests under this Agreement, nor affect any obligations of the Borrower under this Agreementother party. 3. In response to 20.8 The communication between the two parties shall be conducted in written form of Faxes or E-mail, and important matters shall be confirmed in due time by express mail 20.9 Each party shall bear its business or management needs, own costs and expenses occurred for the Lender shall have the right to authorize or delegate any other branch purpose of the Bank to exercise its rights and perform its obligations hereunderthis Contract, including but not limited to the execution of any relevant agreementstravel, or to transfer accommodation and etc. expenses for the management of a Loan hereunder to any other branch design contact meetings. 20.10 In the event one of the Bank, in each case, without consent from the Borrower/Entrustor. The Borrower/Entrustor hereby acknowledges the foregoing. 4. If, at any time, any terms provisions of this Agreement is or becomes illegal, invalid or unenforceable in any respectwhole or in part, the legalityremaining provisions shall maintain their validity. This shall also apply to any loophole within this Agreement. Instead of an invalid or unenforceable provision or to fill the loophole, validity or enforceability a reasonable provision shall apply which insofar as legally possible — comes closest to fulfilling the original intention the parties had considered upon conclusion of any other terms of this Agreement shall not be affected or prejudiced. 5. Headings are inserted for convenience only and shall not be used for the construction of any provision of this Agreement or any other purpose. 6. The exhibits hereto shall be an integral part of this Agreement and shall have the same legal effect as this Agreement. 7. This Agreement shall be executed in FOUR counterparts, with the Entrustor to hold ONE counterpart, the Lender to hold TWO counterparts and the Borrower to hold ONE counterpart, and each counterpart shall have the same legal effect.