Common use of ENTRY INTO FORCE AND CONDITIONS PRECEDENT Clause in Contracts

ENTRY INTO FORCE AND CONDITIONS PRECEDENT. (1) Following its signature by all Parties, this Agreement shall enter into force on the date on which each of the following conditions have been satisfied: (a) EFSF has received legal opinions satisfactory to it given by the Legal Advisor to the State at the Ministry of Finance of the Beneficiary Member State and counsel to HFSF in respect of this Agreement and in the form set out in Annex 2 (Forms of Legal Opinions). Such legal opinions shall be dated not later than the date of the first Request for Funds made under any Facility; (b) EFSF has received from the Minister for Finance of the Beneficiary Member State (or any other person acceptable to EFSF in its sole discretion) an official document indicating the persons authorised to sign this Agreement, any Request for Funds and any other documents to be delivered under any Facility Specific Terms (and thus validly commit the Beneficiary Member State) and containing the specimen signatures of these persons; (c) the signature of the MoU by all parties thereto; (d) the Guarantors (acting unanimously) have approved the terms of this Agreement (including the relevant Facility Specific Terms signed on the date of this Agreement). (2) The Facility Specific Terms relating to a Facility shall enter into force on the date determined in accordance with the terms of such Facility Specific Terms. (3) The Beneficiary Member State's right to request Financial Assistance under any Facility expires at the end of the Availability Period applicable to such Facility following which any undisbursed amount of the Aggregate Financial Assistance Amount under that Facility shall be considered as immediately cancelled, unless otherwise agreed by the Parties.

ENTRY INTO FORCE AND CONDITIONS PRECEDENT. (1) Following its signature by all Parties, this Agreement shall enter into force on the date on which each of the following conditions have been satisfied: (a) EFSF has received legal opinions satisfactory to it given by the Legal Advisor to the State at the Ministry of Finance [] of the Beneficiary Member State and the special counsel to HFSF FROB in respect of this Agreement and in the form set out in Annex 2 (Forms of Legal Opinions). Such legal opinions shall be dated not later than the date of the first Request for Funds made under any Facility; (b) EFSF has received from the Minister for Finance Economy and Competitiveness of the Beneficiary Member State (or any other person acceptable to EFSF in its sole discretion) an official document indicating the persons authorised to sign this Agreement, any Request for Funds and any other documents to be delivered under any Facility Specific Terms (and thus validly commit the Beneficiary Member State) and containing the specimen signatures of these persons; (c) the signature of the MoU (and any amendment or supplement thereto) by all parties thereto; (d) the Guarantors (acting unanimously) have approved the terms of this Agreement (including the relevant Facility Specific Terms signed on the date of this Agreement). (2) The Facility Specific Terms relating to a Facility shall enter into force on the date determined in accordance with the terms of such Facility Specific Terms. (3) The Beneficiary Member State's right to request Financial Assistance under any Facility expires at the end of the Availability Period applicable to such Facility following which any undisbursed amount of the Aggregate Financial Assistance Amount under that Facility shall be considered as immediately cancelled, unless otherwise agreed by the Parties.

ENTRY INTO FORCE AND CONDITIONS PRECEDENT. (1) Following its signature by all Parties, this Agreement shall enter into force on the date on which each of the following conditions have been satisfied: (a) EFSF has received legal opinions satisfactory to it given by the Legal Advisor to the State at the Ministry of Finance [•] of the Beneficiary Member State and the special counsel to HFSF FROB in respect of this Agreement and in the form set out in Annex 2 (Forms of Legal Opinions). Such legal opinions shall be dated not later than the date of the first Request for Funds made under any Facility; (b) EFSF has received from the Minister for Finance Economy and Competitiveness of the Beneficiary Member State (or any other person acceptable to EFSF in its sole discretion) an official document indicating the persons authorised to sign this Agreement, any Request for Funds and any other documents to be delivered under any Facility Specific Terms (and thus validly commit the Beneficiary Member State) and containing the specimen signatures of these persons; (c) the signature of the MoU (and any amendment or supplement thereto) by all parties thereto; (d) the Guarantors (acting unanimously) have approved the terms of this Agreement (including the relevant Facility Specific Terms signed on the date of this Agreement). (2) The Facility Specific Terms relating to a Facility shall enter into force on the date determined in accordance with the terms of such Facility Specific Terms. (3) The Beneficiary Member State's right to request Financial Assistance under any Facility expires at the end of the Availability Period applicable to such Facility following which any undisbursed amount of the Aggregate Financial Assistance Amount under that Facility shall be considered as immediately cancelled, unless otherwise agreed by the Parties.

ENTRY INTO FORCE AND CONDITIONS PRECEDENT. (1) Following its signature by all Parties, this Agreement shall enter into force on the date on which each of the following conditions have been satisfied: (a) EFSF has received a legal opinions opinion satisfactory to it given by the Legal Advisor to Secretary of State of the State at Presidency of the Ministry Council of Finance Ministers of the Beneficiary Member State and counsel to HFSF in respect of this Agreement and in the form set out in Annex 2 (Forms Form of Legal OpinionsOpinion). Such legal opinions opinion shall be dated not later than the date of the first Request for Funds made under any Facility; (b) EFSF has received from the Minister for of State and Finance of the Beneficiary Member State (or any other person acceptable to EFSF in its sole discretion) an official document indicating the persons authorised to sign this Agreement, any Request for Funds and any other documents to be delivered under any Facility Specific Terms (and thus validly commit the Beneficiary Member State) and containing the specimen signatures of these persons; (c) the signature of the MoU or a supplement to the MoU (as the case may be) by all parties thereto; (d) the Guarantors (acting unanimously) have approved the terms of this Agreement (including the relevant Facility Specific Terms signed on the date of this Agreement). (2) The Facility Specific Terms relating to a Facility shall enter into force on the date determined in accordance with the terms of such Facility Specific Terms. (3) The Beneficiary Member State's right to request Financial Assistance under any Facility expires at the end of the Availability Period applicable to such Facility following which any undisbursed amount of the Aggregate Financial Assistance Amount under that Facility shall be considered as immediately cancelled, unless otherwise agreed by the Parties.

ENTRY INTO FORCE AND CONDITIONS PRECEDENT. ‌ (1) Following its signature by all Parties, this Agreement shall enter into force on the date on which each of the following conditions have been satisfied:satisfied:‌ (a) EFSF has received a legal opinions opinion satisfactory to it given by the Legal Advisor to the State at the Ministry of Finance Attorney General of the Beneficiary Member State and counsel to HFSF in respect of this Agreement and in the form set out in Annex 2 (Forms Form of Legal OpinionsOpinion). Such legal opinions opinion shall be dated not later than the date of the first Request for Funds made under any Facility;Facility;‌ (b) EFSF has received from the Minister for Finance of the Beneficiary Member State (or any other person acceptable to EFSF in its sole discretion) an official document indicating the persons authorised to sign this Agreement, any Request for Funds and any other documents to be delivered under any Facility Specific Terms (and thus validly commit the Beneficiary Member State) and containing the specimen signatures of these persons; (c) the signature of the MoU or a supplement to the MoU (as the case may be) by all parties thereto; (d) the Guarantors (acting unanimously) have approved the terms of this Agreement (including the relevant Facility Specific Terms signed on the date of this Agreement).Agreement).‌ (2) The Facility Specific Terms relating to a Facility shall enter into force on the date determined in accordance with the terms of such Facility Specific Terms. (3) The Beneficiary Member State's right to request Financial Assistance under any Facility expires at the end of the Availability Period applicable to such Facility following which any undisbursed amount of the Aggregate Financial Assistance Amount under that Facility shall be considered as immediately cancelled, unless otherwise agreed by the Parties.