Common use of Void Contracts Clause in Contracts

Void Contracts. If a Player Contract fails to take effect or becomes void as a result of a Commissioner disapproval, the player’s failure to pass a physical examination conducted pursuant to Exhibit 6 to such Contract, or the rescission of a trade conducted pursuant to Article VII, Section 8(e), then, in each such case: (a) the Team shall continue to possess such rights with respect to the player as the Team possessed at the time of the execution of the Contract, including, without limitation, any such rights that the Team possessed pursuant to Article VII, Section 6(b), Article X, and Article XI; (b) any Required Tender or Qualifying Offer that was outstanding at the time the Contract was executed shall continue in effect as if the Contract had not been executed (including if the original deadline for accepting the Required Tender or Qualifying Offer expired following the execution of the Contract), but for no fewer than six (6) business days following the Commissioner’s disapproval, the Team’s issuance of notice to the player that he did not pass the physical examination, or the rescission of such trade, as the case may be; and (c) in the case of a player who does not pass a physical examination pursuant to Exhibit 6: (i) the player shall not be permitted to accept such Required Tender or Qualifying Offer for a period of two (2) business days following his receipt of notice from the Team that he did not pass his physical examination, during which period the Team may elect to withdraw the Required Tender or Qualifying Offer, which shall have the consequences described in Article X, Section 4 or Article XI, Section 4, as the case may be; and (ii) if the Required Tender or Qualifying Offer is not withdrawn by the Team during this period, the Required Tender or Qualifying Offer shall thereafter be deemed amended so as to eliminate any Exhibit 6 that may be contained therein.

Appears in 7 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Void Contracts. If a Player Contract fails to take effect or becomes void as a result of a Commissioner President disapproval, the player’s failure to pass a physical examination conducted pursuant to Exhibit 6 5 to such Contract, or the rescission of a trade conducted pursuant to Article VIIV, Section 8(e3(f), then, in each such case: (a) the Team shall continue to possess such rights with respect to the player as the Team possessed at the time of the execution of the Contract, including, without limitation, any such rights that the Team possessed pursuant to Article VII, Section 6(b), Article X, VI and Article XIXIII; (b) any Required Tender or Qualifying Offer that was outstanding at the time the Contract was executed shall continue in effect as if the Contract had not been executed (including if the original deadline for accepting the Required Tender or Qualifying Offer expired following the execution of the Contract), but for no fewer than six three (63) business days following the CommissionerPresident’s disapproval, the Team’s issuance of notice to the player that he she did not pass the physical examination, or the rescission of such trade, as the case may be; and (c) in the case of a player who does not pass a physical examination pursuant to Exhibit 65: (i) the player shall not be permitted to accept such Required Tender or Qualifying Offer for a period of two (2) business days following his her receipt of notice from the Team that he she did not pass his her physical examination, during which period the Team may elect to withdraw the Required Tender or Qualifying Offer, which shall have the consequences described in Article X, Section 4 VI or Article XI, Section 4XIII, as the case may be; and (ii) if the Required Tender or Qualifying Offer is not withdrawn by the Team during this period, the Required Tender or Qualifying Offer shall thereafter be deemed amended so as to eliminate any Exhibit 6 5 that may be contained therein.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Void Contracts. If a Player Contract fails to take effect or becomes void as a result of a Commissioner disapproval, the player’s failure to pass a physical examination conducted pursuant to Exhibit 6 to such Contract, or the rescission of a trade conducted pursuant to Article VII, Section 8(e), then, in each such case: (a) the Team shall continue to possess such rights with respect to the player as the Team possessed at the time of the execution of the Contract, including, without limitation, any such rights that the Team possessed pursuant to Article VII, Section 6(b), Article X, X and Article XI; (b) any Required Tender or Qualifying Offer that was outstanding at the time the Contract was executed shall continue in effect as if the Contract had not been executed (including if the original deadline for accepting the Required Tender or Qualifying Offer expired following the execution of the Contract), but for no fewer than six (6) business days following the Commissioner’s disapproval, the Team’s issuance of notice to the player that he did not pass the physical examination, or the rescission of such trade, as the case may be; and (c) in the case of a player who does not pass a physical examination pursuant to Exhibit 6: (i) the player shall not be permitted to accept such Required Tender or Qualifying Offer for a period of two (2) business days following his receipt of notice from the Team that he did not pass his physical examination, during which period the Team may elect to withdraw the Required Tender or Qualifying Offer, which shall have the consequences described in Article X, Section 4 or Article XI, Section 4, as the case may be; and (ii) if the Required Tender or Qualifying Offer is not withdrawn by the Team during this period, the Required Tender or Qualifying Offer shall thereafter be deemed amended so as to eliminate any Exhibit 6 that may be contained therein.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Void Contracts. If a Player Contract fails to take effect or becomes void as a result of a Commissioner President disapproval, the player’s failure to pass a physical examination conducted pursuant to Exhibit 6 5 to such Contract, or the rescission of a trade conducted pursuant to Article VIIV, Section 8(e3(f), then, in each such case: (a) the Team shall continue to possess such rights with respect to the player as the Team possessed at the time of the execution of the Contract, including, without limitation, any such rights that the Team possessed pursuant to Article VII, Section 6(b), Article X, VI and Article XI;XIII; (b) any Required Tender or Qualifying Offer that was outstanding at the time the Contract was executed shall continue in effect as if the Contract had not been executed (including if the original deadline for accepting the Required Tender or Qualifying Offer expired following the execution of the Contract), but for no fewer than six three (63) business days following the CommissionerPresident’s disapproval, the Team’s issuance of notice to the player that he she did not pass the physical examination, or the rescission of such trade, as the case may be; be; and (c) in the case of a player who does not pass a physical examination pursuant to Exhibit 65: (i) the player shall not be permitted to accept such Required Tender or Qualifying Offer for a period of two (2) business days following his her receipt of notice from the Team that he she did not pass his her physical examination, during which period the Team may elect to withdraw the Required Tender or Qualifying Offer, which shall have the consequences described in Article X, Section 4 VI or Article XI, Section 4XIII, as the case may be; be; and (ii) if the Required Tender or Qualifying Offer is not withdrawn by the Team during this period, the Required Tender or Qualifying Offer shall thereafter be deemed amended so as to eliminate any Exhibit 6 that may be contained therein.not

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Void Contracts. ‌‌ If a Player Contract fails to take effect or becomes void as a result of a Commissioner disapproval, the player’s failure to pass a physical examination conducted pursuant to Exhibit 6 5 to such Contract, or the rescission of a trade conducted pursuant to Article VIIV, Section 8(e3(f), then, in each such case: (a) the Team shall continue to possess such rights with respect to the player as the Team possessed at the time of the execution of the Contract, including, without limitation, any such rights that the Team possessed pursuant to Article VII, Section 6(b), Article X, VI and Article XIXIII; (b) any Required Tender or Qualifying Offer that was outstanding at the time the Contract was executed shall continue in effect as if the Contract had not been executed (including if the original deadline for accepting the Required Tender or Qualifying Offer expired following the execution of the Contract), but for no fewer than six three (63) business days following the Commissioner’s disapproval, the Team’s issuance of notice to the player that he she did not pass the physical examination, or the rescission of such trade, as the case may be; and (c) in the case of a player who does not pass a physical examination pursuant to Exhibit 65: (i) the player shall not be permitted to accept such Required Tender or Qualifying Offer for a period of two (2) business days following his her receipt of notice from the Team that he she did not pass his her physical examination, during which period the Team may elect to withdraw the Required Tender or Qualifying Offer, which shall have the consequences described in Article X, Section 4 VI or Article XI, Section 4XIII, as the case may be; and (ii) if the Required Tender or Qualifying Offer is not withdrawn by the Team during this period, the Required Tender or Qualifying Offer shall thereafter be deemed amended so as to eliminate any Exhibit 6 5 that may be contained therein.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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