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After signature as a first step, the next step is the ratification of the Treaty. It is the formal act by which a State Signatory consents to become bound by the Treaty upon its entry into force. Information on signature and ratification is contained in this Signature and Ratification Guide.
Ratification is the official way to confirm something, usually by vote. It is the formal validation of a proposed law. We almost never use the word ratification except to talk about process by which proposed laws, treaties, and agreements are officially recognized.
Each Borrower and each other Loan Party hereby restates, ratifies and reaffirms each and every term and condition set forth in the Credit Agreement and Security Agreement, as amended hereby, and the Loan Documents effective as of the date hereof and as amended hereby.
A ratified contract is one that has formally been agreed to by all parties of interest, hence binding them legally. While a contract might be signed, it is not considered fully legally binding until it undergoes ratification.
After signature as a first step, the next step is the ratification of the Treaty. It is the formal act by which a State Signatory consents to become bound by the Treaty upon its entry into force.
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Ratification: approval of agreement by the state After approval has been granted under a states own internal procedures, it will notify the other parties that they consent to be bound by the treaty. This is called ratification.
The instruments of acceptance or approval of a treaty have the same legal effect as ratification and consequently express the consent of a state to be bound by a treaty.

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