Common use of Effective Date and Effective Time Clause in Contracts

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions as set forth in Article VII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the third business day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 3 contracts

Sources: Merger Agreement (Us Bancorp /Or/), Merger Agreement (First Bank System Inc), Merger Agreement (First Bank System Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver of each of the conditions as set forth in Article VII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i1) the third business day to occur after the last of the conditions set forth in Sections 7.017.1, 7.02, 7.03 7.2 and 7.11 7.9 shall have been satisfied or waived in accordance with the terms of this Agreement (orAgreement, at the election of FBS, on the last business day of the month in which such day occurs) or (ii2) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 3 contracts

Sources: Merger Agreement (Dana Corp), Merger Agreement (Echlin Inc), Merger Agreement (Echlin Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver (subject to applicable law) of the conditions as set forth in Article VII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the third business day Business Day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 Section 7.01 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 2 contracts

Sources: Merger Agreement (Bay Networks Inc), Merger Agreement (Periphonics Corp)

Effective Date and Effective Time. Subject to the satisfaction or waiver (subject to applicable law) of the conditions as set forth in Article VII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the third business day second Business Day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 Section 7.01 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 2 contracts

Sources: Merger Agreement (Alteon Websystems Inc), Merger Agreement (Nortel Networks Corp)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions as set forth in Article VII in accordance with this AgreementVII, the parties shall cause the effective date of the Company Merger and the Bank Merger (the "Effective Date") to occur on (i) the third fifth business day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 Article VII to be satisfied prior to the Effective Date shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Company Merger and the Bank Merger shall become effective is referred to as the "Effective Time"."

Appears in 2 contracts

Sources: Merger Agreement (Marion Capital Holdings Inc), Merger Agreement (MFS Financial Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions as set forth in Article VII in accordance with this AgreementVII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on or before (ia) the third fifth business day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) or (iib) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (Quick & Reilly Group Inc /De/)

Effective Date and Effective Time. Subject to the satisfaction or waiver (subject to applicable law) of the conditions as set forth in Article VII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the third business day Business Day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 Section 7.01 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (Clarify Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions as set forth in Article VII in accordance with this AgreementVII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (ia) the third sixth business day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) or (iib) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time"."

Appears in 1 contract

Sources: Merger Agreement (Financial Security Assurance Holdings LTD/Ny/)

Effective Date and Effective Time. Subject to the satisfaction or waiver conditions to the obligations of the conditions parties to effect the Merger as set forth in Article VII in accordance with this AgreementVI, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i1) the third business day to occur after the last of the conditions set forth in Sections 7.016.01, 7.026.02, 7.03 6.03 and 7.11 shall 6.12 have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) Plan or (ii2) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (Banco Santander S A)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions as set forth in Article VII in accordance with this Agreement(other than the delivery of certificates, opinions and other instruments and documents to be delivered at the Closing), the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the third business day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) the conditions set forth in Article VII shall have been satisfied or waived or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (South Branch Valley Bancorp Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver (subject to applicable law) of the conditions as set forth in Article VII VIII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the third business day Business Day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 Section 8.01 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (Antec Corp)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions as set forth in Article VII in accordance with this of the Combination Agreement, the parties shall cause the Merger to become effective date of the Merger (the "Effective Date") to occur on (i) the third business day to occur after the last of the conditions set forth in Sections 7.01, 7.02, 7.03 and 7.11 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of FBS, on the last business day Section 2.04 of the month in which such day occurs) or (ii) such other date to which the parties may agree in writingCombination Agreement. The time on the Effective Date and date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Agreement and Plan of Combination (Dime Bancorp Inc)