Common use of Effectiveness of Transactions Clause in Contracts

Effectiveness of Transactions. Notwithstanding anything contained in this Agreement to the contrary, (a) none of the provisions of Section 2.1 through Section 2.5 shall be operative or have any effect until the Effective Time, (b) none of the provisions of Section 2.6 through Section 2.9 shall be operative or have any effect until the Closing Time and (c) none of the provisions of Article III shall be operative or have any effect until the applicable Option Closing Time or the expiration of the Option Period, as applicable, at which respective times all such applicable provisions shall be effective and operative in accordance with Section 5.1 without further action by any Party.

Appears in 3 contracts

Samples: Contribution, Conveyance and Assumption Agreement (CNX Coal Resources LP), Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (CNX Coal Resources LP)

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Effectiveness of Transactions. Notwithstanding anything contained in this Agreement to the contrary, (a) none of the provisions of Section 2.1 through Section 2.5 2.4 shall be operative or have any effect until the Effective Time, and (b) none of the provisions of Section 2.6 2.5 through Section 2.9 2.11 shall be operative or have any effect until the Closing Time and (c) none of the provisions of Article III shall be operative or have any effect until the applicable exercise of the Over-Allotment Option Closing Time or the expiration of the Option Period, as applicable, at which respective times all such applicable provisions shall be effective and operative in accordance with Section 5.1 without further action by any Party.

Appears in 1 contract

Samples: Conveyance and Assumption Agreement (Howard Midstream Partners, LP)

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Effectiveness of Transactions. Notwithstanding anything contained in this Agreement to the contrary, (a) none of the provisions of Section 2.1 through Section 2.5 2.4 shall be operative or have any effect until the Effective Time, and (b) none of the provisions of Section 2.6 2.5 through Section 2.9 2.12 shall be operative or have any effect until the Closing Time and (c) none of the provisions of Article III shall be operative or have any effect until the applicable exercise of the Over-Allotment Option Closing Time or the expiration of the Option Period, as applicable, at which respective times all such applicable provisions shall be effective and operative in accordance with Section 5.1 without further action by any Party.

Appears in 1 contract

Samples: Contribution, Conveyance and Assumption Agreement (Howard Midstream Partners, LP)

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