Common use of Subject to Section 5 Clause in Contracts

Subject to Section 5. 1.1, the Agreement shall become binding and effective upon execution by the University, A/E, and Ohio Attorney General. 5.1.3.1 If the A/E is a joint venture, (1) each individual joint venture shall (a) sign the Agreement in its own name and (b) be a party to the Contract, and (2) the Contract shall be binding on and apply to all joint venturers jointly and severally. 5.1.3.2 If the A/E is a limited liability company, which the Contracting Authority reasonably believes to be a special purpose or similar entity, the Contracting Authority may in its discretion require the limited liability company and each member of the limited liability company to (1) sign the Agreement in its own name and (2) be a party to the Contract. In that case, the Contract shall be binding on and apply to the limited liability company and to all its members jointly and severally.

Subject to Section 5. 1.1, the Agreement shall become binding and effective upon execution by the UniversityContracting Authority, Owner, A/E, and Ohio Attorney General. 5.1.3.1 If the A/E is a joint venture, (1) each individual joint venture venturer shall (a) sign the Agreement in its own name and (b) be a party to the Contract, and (2) the Contract shall be binding on and apply to all joint venturers jointly and severally. 5.1.3.2 If the A/E is a limited liability company, which the Contracting Authority reasonably believes to be a special purpose or similar entity, the Contracting Authority may in its discretion require the limited liability company and each member of the limited liability company to (1) sign the Agreement in its own name and (2) be a party to the Contract. In that case, the Contract shall be binding on and apply to the limited liability company and to all of its members jointly and severally.

Subject to Section 5. 1.1, the Agreement Contract shall become binding and effective upon execution by the University, A/EContractor, and Ohio Attorney General. 5.1.3.1 If the A/E Contractor is a joint venture, (1) each individual joint venture venturer shall (a) sign the Agreement in its own name and (b) be a party to the Contract, and (2) the Contract and the Performance and Payment Bond shall be binding on and apply to all joint venturers jointly and severally. 5.1.3.2 If the A/E Contractor is a limited liability company, which the Contracting Authority reasonably believes to be a special purpose or similar entity, the Contracting Authority may in its discretion require the limited liability company and each member of the limited liability company to (1) sign the Agreement in its own name and (2) be a party to the Contract. In that case, the Contract and the Performance and Payment Bond shall be binding on and apply to the limited liability company and to all of its members jointly and severally.