Legal Effectiveness Clause Samples

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Legal Effectiveness. This Agreement (including without limitation the tolling and standstill agreements set forth in Section 2) shall be effective and legally binding for any series of Bonds only if Bondholders representing more than seventy five percent (75%) of the outstanding principal amount of that series of Bonds have, by not later than the Effective Date, entered into a tolling agreement or other written instrument acceptable to the Issuer.
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Legal Effectiveness. 6.1 The procurement contract shall comply with the laws and regulations of China. In case of any disputes arising during the performance of the contract, they shall be resolved in accordance with the relevant laws of the People’s Republic of China, through negotiation, mediation, or arbitration. 6.2 If any term of the procurement contract contradicts the mandatory provisions of Chinese laws and regulations, the mandatory provisions shall prevail and shall not be bound by the terms of the procurement contract.
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Legal Effectiveness. If any provisions of this statement of guarantee completely or partially lack legal validity or cannot be executed, then the other provisions shall nonetheless remain in effect.
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Legal Effectiveness. For the legal effectiveness: the parties acknowledge the exclusive legal competence of the Law Courts of Amsterdam. Signing the rental agreement and the confirmation of this also means that
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Legal Effectiveness. (i) It is or becomes unlawful under any applicable law for a party to a Transaction Document to perform any obligation under that Transaction Document unless (in relation to a Transaction Document other than a Senior Finance Document) such unlawfulness might reasonably be expected not to have a Material Adverse Effect. (ii) Any provision of any Transaction Document is or becomes (or is alleged by a party thereto to be) invalid or (subject to the reservations) unenforceable for any reason or any person repudiates or evidences an intention to repudiate a Transaction Document to which it is a party where that might reasonably be expected to have a Material Adverse Effect. (iii) An event or circumstance occurs which would constitute an Event of Default but for any invalidity or unenforceability of the relevant obligation under a Senior Finance Document. (iv) A Senior Finance Document is or becomes inadmissible in evidence in the English courts or a Security Document does not or ceases to effect (subject to the reservations) the security it purports to effect.
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Related to Legal Effectiveness

  • Termination Effectiveness This Agreement and the Proxy shall terminate and shall have no further force or effect as of the Expiration Date. Notwithstanding the foregoing, nothing set forth in this Section 11 or elsewhere in this Agreement shall relieve either party hereto from any liability, or otherwise limit the liability of either party hereto, for any breach of this Agreement. The effectiveness of this Agreement is conditioned upon the execution and delivery of the Merger Agreement by the parties thereto.

  • Term and Effectiveness This Agreement shall become effective as of the first date written above. Once effective, this Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive one-year periods; provided that such continuance is specifically approved at least annually by: (i) the vote of the Board of Directors, or by the vote of a majority of the outstanding voting securities of the Company and (ii) the vote of a majority of the Independent Directors, in accordance with the requirements of the 1940 Act.

  • Notice of Effectiveness Within two (2) Business Days after the Registration Statement which includes the Registrable Securities is ordered effective by the Commission, the Company shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities (with copies to the Holders whose Registrable Securities are included in such Registration Statement) confirmation that the Registration Statement has been declared effective by the Commission in the form attached hereto as Exhibit B.

  • Continued Effectiveness The Company shall use its reasonable best efforts to keep any Shelf Registration Statement filed pursuant to Section 2.02(a) continuously effective under the Securities Act in order to permit the Prospectus forming a part thereof to be usable by Shelf Holders until the earliest of (i) the date as of which all Registrable Securities have been sold pursuant to the Shelf Registration Statement or another Registration Statement filed under the Securities Act (but in no event prior to the applicable period referred to in Section 4(3) of the Securities Act and Rule 174 thereunder), (ii) the date as of which each of the Shelf Holders is permitted to sell its Registrable Securities without Registration pursuant to Rule 144 without volume limitation or other restrictions on transfer thereunder and (iii) such shorter period as the Institutional Investors with respect to such Shelf Registration shall agree in writing (such period of effectiveness, the “Shelf Period”). Subject to Section 2.02(d), the Company shall not be deemed to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Period if the Company voluntarily takes any action or omits to take any action that would result in Shelf Holders not being able to offer and sell any Registrable Securities pursuant to such Shelf Registration Statement during the Shelf Period, unless such action or omission is (x) a Shelf Suspension permitted pursuant to Section 2.02(d) or (y) required by applicable law, rule or regulation.

  • Integration; Effectiveness This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent or any L/C Issuer, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.