No Force and Effect Clause Samples
The "No Force and Effect" clause establishes that certain provisions, documents, or agreements are not legally binding or enforceable unless specific conditions are met. In practice, this clause is often used to clarify that a draft agreement, memorandum of understanding, or preliminary document does not create legal obligations until a final, executed contract is in place. Its core function is to prevent misunderstandings or disputes about the legal status of negotiations or informal agreements, ensuring that parties are only bound when they have explicitly agreed to be so.
POPULAR SAMPLE Copied 44 times
No Force and Effect. If the Treasury does not purchase the securities contemplated by the Participation Agreement, then this letter shall be of no force or effect. In addition, upon such time as the Treasury no longer holds securities or debt of the Company acquired under the CPP, this letter shall be of no further force or effect, except to the extent required by the CPP Limitations. If you cease to be a senior executive officer of the Company for purposes of the CPP, you shall be released from the restrictions and obligations set forth in this letter to the extent permissible under the CPP. If it is determined that you are not a senior executive officer of the Company as of the date hereof, this letter shall be of no force or effect.
No Force and Effect. Any strata corporation bylaw or rule that prevents, restricts, or abridges the right to use or availability of a Dwelling Unit as a Rentable Unit will have no force and effect.
No Force and Effect. The submission of this Agreement to the Buyer or the Buyer's attorney shall not be considered an offer by the Seller and shall not be binding upon the Seller unless and until this Agreement is duly executed by both the Buyer and the Seller and unconditionally exchanged between the Buyer and the Seller and the Seller has received the Deposit on or before two business days following the mutual execution and delivery of this Agreement.
No Force and Effect. Notwithstanding anything to the contrary contained herein or in any other document or instrument relating to the Lease, this Amendment shall not be effective in any respect, and shall confer no rights of any kind in Landlord whether in law or equity, unless and until Landlord acquires title to the Property from SDI pursuant to the Contract, which title shall be subject to Tenant's leasehold interest in the Property and the rights of Tenant and the obligations of SDI as landlord under the Lease to be assumed by Landlord (as modified by this Amendment). Landlord and Tenant acknowledge and agree that automatically upon such vesting of title to the Property in Landlord, without the execution of any further document or instrument, or the taking of any other action by Landlord or Tenant, and without requiring an express assumption of the Lease in writing by Landlord in connection with purchase of the Property, Landlord shall be deemed to have assumed all of the obligations of SDI as landlord under the Lease, as modified by this Amendment. In the event that Landlord fails to acquire title to the Property for any reason or for no reason whatsoever on or before September 30, 2004, this Amendment shall be void AB INITIO, as though this Amendment was never entered into and executed, and any and all signed copies deposited in escrow shall be returned to the respective parties. [Balance of page intentionally blank; signature pages follow.]