Operative Effect Sample Clauses
The Operative Effect clause defines when and how the terms of an agreement become legally binding and enforceable between the parties. Typically, this clause specifies that the contract takes effect upon execution by all parties or upon the occurrence of a specified event, such as a closing date. By clarifying the precise moment the agreement's obligations and rights are activated, the clause ensures both parties understand when their commitments begin, thereby preventing disputes over the enforceability or timing of contractual duties.
Operative Effect. The amendments to the Indenture set forth in Section 1 above will become operative as of, and subject to, the acceptance for purchase and payment by the Company of Notes validly tendered and not withdrawn pursuant to the Offer to Purchase representing a majority of the aggregate principal amount at maturity of Notes outstanding.
Operative Effect. This Agreement shall become effective upon its execution by the Trustee, the Bank, the Depositor and the Tribe but shall not become (a) operative until the date (the “Operative Date”) the Depositor pays the consent consideration due for consents validly delivered with respect to 9 ¾% Notes tendered and accepted for exchange as provided for in the Offering Circular and Consent Solicitation Statement of the Depositor dated November 18, 2011 and (b) effective as to the New Indenture Trustee and Collateral Trustee until the New Indenture Trustee and Collateral Trustee execute this Agreement on the Operative Date.
Operative Effect. This MoU is prepared as two (2) copies in Turkish and English and it will become effective after being signed by the representatives of the two universities.
Operative Effect. BUYER and SELLER agree that, notwithstanding that ---------------- the Non-US Sale Agreement may not have been executed and delivered by the parties thereto, from the date of this Agreement through the earlier to occur of (a) the termination of this Agreement and (b) the execution and delivery of the Non-US Sale Agreement by the parties thereto, SELLER and BUYER agree that Sections 2.5 and 3.2 of the Human Resources Agreement attached to the Non-US Sale Agreement shall be operative as between SELLER and BUYER as if such sections of the Non-US Sale Agreement were binding between the parties thereto.