Common use of Operative Effect Dependent on Closing of Investment Agreement Clause in Contracts

Operative Effect Dependent on Closing of Investment Agreement. The operative effect of this amendment to the Employment Agreement is subject to the occurrence of the Closing (as such term is defined in the Investment Agreement). If the Closing does not occur, this amendment to the Employment Agreement shall be null and void ab initio.

Appears in 3 contracts

Samples: Employment Agreement (Sovereign Bancorp Inc), Employment Agreement (Sovereign Bancorp Inc), Employment Agreement (Sovereign Bancorp Inc)

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Operative Effect Dependent on Closing of Investment Agreement. The operative effect of this amendment to the Employment Agreement is subject to the occurrence of the Closing (as such term is defined in the Investment Agreement). If the Closing does not occur, this amendment to the Employment Agreement shall be null and void ab initio.

Appears in 1 contract

Samples: Employment Agreement (Sovereign Bancorp Inc)

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