Effectiveness, Modification and Cancellation Sample Clauses
The 'Effectiveness, Modification and Cancellation' clause defines when an agreement becomes legally binding, as well as the procedures for changing or ending the agreement. Typically, this clause specifies the date the contract takes effect, outlines the requirements for making amendments—such as needing written consent from all parties—and details the conditions under which the contract can be terminated or cancelled. Its core function is to provide clear guidelines for the lifecycle of the agreement, ensuring all parties understand how and when the contract can be altered or concluded, thereby reducing uncertainty and potential disputes.
Effectiveness, Modification and Cancellation. 10.1 This Agreement shall take effect on the day of execution hereof, and the valid term hereof shall expire upon the day of completion of the acquisition of the assets or the equity of Party A by Party B or its designated third party.
10.2 The modification of this Agreement shall not be effective unless a written agreement is signed by the Parties.
10.3 This Agreement shall not be terminated or canceled without written agreement of the Parties through the negotiation, provided that Party B may, by giving a ten (10)-day prior notice to the other Parties hereto, terminate this Agreement.
Effectiveness, Modification and Cancellation. 11.1 This Agreement shall be executed on the date set forth in the first page and shall become effective on the day on which the Pledged Equity is recorded on the register of the shareholders.
11.2 The modification of this Agreement shall not be effective without written agreement through negotiation. If the Parties could not reach an agreement, this Agreement remains effective.
11.3 This Agreement shall not be discharged or canceled without written agreement through negotiation.
11.4 If the Pledgee fails to provide the loan to the Pledgors in accordance with the Loan Agreement, this Agreement shall be automatically terminated.
Effectiveness, Modification and Cancellation. 13.1 This Agreement shall take effect on the date of execution hereof by Party A and the duly authorized representative of Party B.
13.2 The modification of this Agreement shall not be effective without written agreement through negotiation. If the Parties do not reach an agreement as to modification, this Agreement remains effective.
13.3 This Agreement shall not be discharged or canceled without written agreement through negotiation, provided that Party B may, by giving thirty (30) days’ prior notice to Party A, terminate this Agreement. Loan Agreement Confidential
13.4 Unless Party B fails to grant the Loan as required hereunder after the satisfaction of all conditions as set forth in Section 7.1 hereof by Party A, Party A shall in no event unilaterally terminate this Agreement.
13.5 If Party B fails to provide the Loan in accordance with the terms hereof, this Agreement shall be automatically terminated.
Effectiveness, Modification and Cancellation. 11.1 This Agreement shall be executed on the date set forth in the first page and shall become effective on the date of execution.
11.2 The modification of this Agreement shall not take effect unless a written agreement is duly signed by the Parties.
11.3 This Agreement shall not be terminated or canceled unless a written agreement is duly signed by the Parties.
Effectiveness, Modification and Cancellation. 13.1 This Agreement shall take effect on the date of execution hereof by the Parties.
13.2 The modification of or amendment to this Agreement shall not be effective without written agreement of the Parties through the negotiation.
13.3 This Agreement shall not be terminated or canceled without written agreement through negotiation, provided Lender may, by delivering a thirty (30)-day prior notice to Borrower hereto, terminate this Agreement.
13.4 Unless Lender fails to grant the Loan as required hereunder after the satisfaction of all conditions as set forth in Section 7.1 hereunder by Borrower, Borrower shall not be entitled to unilaterally terminate this Agreement.
Effectiveness, Modification and Cancellation. 10.1 This Agreement shall take effect on the date of execution hereof, and the valid term hereof shall be expired upon the date of completion of the acquisition of the assets or the equity of Party A by Party B or its designated third party.
10.2 The modification of this Agreement shall not be effective without written agreement through negotiation. If the Parties do not reach an agreement, this Agreement remains effective.
10.3 This Agreement shall not be discharged or canceled without written agreement through negotiation, provided that Party A may, by giving thirty (30) days’ prior notice to the other Parties hereto, terminate this Agreement.
10.4 If Party B fails to provide the loan in accordance with the Loan Agreement signed between Party B and the Shareholders on March 28th, 2008, this Agreement shall be automatically terminated.
Effectiveness, Modification and Cancellation. 8.1 This agreement becomes effective after being signed by all parties.
8.2 This agreement can be modified or supplemented with the written consent of all parties; any modification and supplement of this agreement constitute an integral part of the agreement.
8.3 This agreement shall be terminated in any of the following situations: (i) the agreement is terminated in writing by mutual agreement; (ii) the Company seriously violates this agreement or other contract signed between the Company and the subscriber, the subscriber has the right to notify the Company in writing to terminate this agreement; (iii) The subscriber or its designated domestic affiliated entity fails to complete the ODI procedures within one (1) year after the signing of this agreement, and notifies the Company in writing; (iv) If the proposed acquisition transaction is terminated for any reason, the subscriber has the right to notify the Company in writing to terminate this agreement;
8.4 After the termination of this agreement, all rights and obligations of the parties under this agreement will be terminated immediately. The relevant parties shall bear corresponding responsibilities in accordance with applicable laws and the provisions of this agreement.