Effectiveness of Guarantees Clause Samples
The 'Effectiveness of Guarantees' clause defines when and under what conditions a guarantee provided in a contract becomes valid and enforceable. Typically, this clause specifies that the guarantee takes effect upon the occurrence of certain events, such as the execution of the agreement or the fulfillment of specific obligations by one of the parties. For example, it may clarify that the guarantor's obligations begin only after the principal debtor defaults. The core function of this clause is to ensure clarity regarding the timing and scope of the guarantee, thereby preventing disputes about when the guarantor's responsibilities are triggered.
Effectiveness of Guarantees. This Indenture shall be effective upon its execution and delivery by the parties hereto.
Effectiveness of Guarantees. This Indenture shall be effective upon its execution and delivery by the parties hereto. With respect to Parent Guarantor, the provisions set forth in this Article Twelve shall be effective upon the execution and delivery of this Indenture by the parties hereto. With respect to the Subsidiary Guarantors, the provisions set forth in this Article Twelve will only become operative concurrently with the Assumption.
Effectiveness of Guarantees. This Indenture shall be effective upon its execution and delivery by the parties hereto. The provisions set forth in this Article 10 with respect to the Subsidiary Guarantors will only become operative concurrently with the Completion Date.
Effectiveness of Guarantees. The Note Guarantee issued pursuant to this Article 11 shall be effective upon execution and delivery of this Indenture by the parties hereto.
Effectiveness of Guarantees. All and each of the guarantees shall be effective during the term of the phase whose obligations are being warranted plus three (3) additional months. In the event of extensions, the guarantees shall also be extended or substituted by other with same value and with a minimum effectiveness equal to the extension time plus three (3) months more.
Effectiveness of Guarantees. This First Supplemental Indenture, and the Guarantees set forth in Article II hereof, shall be effective upon its execution and delivery by the parties hereto.
Effectiveness of Guarantees. This Article Eleven shall only become effective upon the execution of the SP Assumption Supplemental Indenture.
Effectiveness of Guarantees. The Additional Guarantees set forth in Sections 201 and 202 of this Second Supplemental Indenture shall not become effective until the Company has delivered the Election Notice to the Trustee. ARTICLE THREE