EFFECTIVENESS OF THIS CONTRACT. This CONTRACT shall become effective upon signing by the parties hereto.
EFFECTIVENESS OF THIS CONTRACT. This Contract shall become effective after it is signed by Party A’s legal representative (person in charge) or authorized representative and stamped with its corporate seal and signed by Party B’s person in charge or authorized representative and stamped with its corporate seal.
EFFECTIVENESS OF THIS CONTRACT. This Contract and its annexes shall become effective as from the date of execution and signing hereof by the Buyer and the Builder. The Builder hereby warrants that no government approvals, licenses or the like need to be obtained for the construction of the Vessel and its sale and delivery to the Buyer.
EFFECTIVENESS OF THIS CONTRACT. The start date of this Contract shall be <Start Date> and shall be made effective by signature by both parties.
EFFECTIVENESS OF THIS CONTRACT. This contract becomes effective after Party A and Party B sign and seal. This contract is in duplicate. Party A and Party B each have one copy with same legal effect.
EFFECTIVENESS OF THIS CONTRACT. A loan contract shall come into effect as of the date of execution by the Parties by signing or sealing and shall expire when the loan is repaid in full.
EFFECTIVENESS OF THIS CONTRACT. This contract becomes effective after both parties’ signatures or stamps by authorized people and stamped of official seals, as well as the guarantee procedure under article 5 of this contract is conducted. This contract will be automatically ineffective at the day when party B pays off all debts and other related expenses to party A.
EFFECTIVENESS OF THIS CONTRACT. This Contract is conditional upon and shall become effective only after receipt by the Bank, in a form and substance acceptable to the Bank, of:
(a) the legal opinion of the Minister of Justice of the Borrower pursuant to Article 1.04A(a), and
(b) a favourable opinion of the European Commission in respect of the Credit in accordance with Statute of the Bank. This Contract shall not become effective until the Bank sends to the Borrower a letter confirming fulfilment of the above mentioned conditions and providing the date that this Contract becomes effective (the “Date of Effectiveness”), and such letter shall be conclusive evidence that this Contract has become effective. For the avoidance of doubt, until such time as such letter has been issued by the Bank, neither the Borrower nor the Bank shall have any claims against each other or have any liability whatsoever under or in connection with this Contract. In case the above mentioned conditions are not fulfilled within 24 (twenty-four) months from the date of signature of this Contract, this Contract shall not enter into force without any further action being necessary or required.
EFFECTIVENESS OF THIS CONTRACT. This Contract shall become effective upon approval at the shareholders’ general meeting of Party A and signature of both Parties.
EFFECTIVENESS OF THIS CONTRACT. 3.1 The Parties' obligations under this Contract are conditional in all respects upon the satisfaction by the Manager or their waiver in writing by GEPB of the following conditions precedent (the “Conditions Precedent”):
3.1.1 the provision of the original Performance Bond in the amount and for the period and as otherwise provided for in Clause 18 and in the form set out in Schedule 4 of this Contract;
3.1.2 the provision by the shareholders of the Manager of the Parent Company Guarantee in favour of GEPB in compliance with the form set out in Schedule 7;
3.1.3 certified true copies of the memorandum and articles of association of the Manager, its commercial registration certificate and commercial circular evidencing (i) control of the Manager and ownership of 51% of its capital by the Preferred Bidder or Consortium Leader, in case the Preferred Bidder was organised as a Consortium, who fulfils the Qualification Criteria set out in Sections 4.4 and 4.5 of the Tender Document, and (ii) [ownership of 1/3 of the capital of the Manager by the Lebanese citizen(s) and/or Lebanese company identified by the Preferred Bidder in its Proposal in compliance with the requirements of Section 5.5 of the Tender Document]2;
3.1.4 certified true copies of all Permits required for the Manager to provide the Services and fulfil its obligations in compliance with this Contract;
3.1.5 certified true copies of insurance certificates and policies evidencing the satisfaction of the obligations of the Manager set out in Clause 13 of this Contract;
3.1.6 certified true copies of documents and certificates evidencing that all licenses, permits, authorizations, rights, titles and interest in the Previous Manager TOS have been duly transferred to the Manager;
