Effectuation of Purpose Sample Clauses
The Effectuation of Purpose clause defines the parties' commitment to take necessary actions to fulfill the underlying objectives of the agreement. In practice, this means that if certain steps, documents, or cooperation are required to achieve the contract’s intended results, both parties agree to provide reasonable assistance or execute additional documents as needed. This clause ensures that the contract’s goals are not frustrated by technicalities or omissions, thereby promoting the smooth and complete realization of the agreement’s purpose.
Effectuation of Purpose. This Operating Agreement and all the terms and provisions hereof will be construed to effectuate the purposes set forth herein and to sustain the validity hereof.
Effectuation of Purpose. (1) Each Party must act honestly to effectuate this Agreement.
(2) However, that obligation does not oblige either Party to subordinate its interests to those of the other Party in exercising, or considering the exercise, of an entitlement under the Agreement.