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 set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date), the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the first day between the 15th and 29th calendar days of a month which is at least five business days after the last of the conditions set forth in Section 7.01 shall have been satisfied or waived in accordance with the terms of this Agreement 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."

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)VII, the parties shall cause the effective date of the Company Merger and the Bank Merger (the "Effective Date") to occur on (i) the first fifth business day between the 15th and 29th calendar days of a month which is at least five business days after the last of the conditions set forth in Section 7.01 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 (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"."

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)VII, the parties shall cause the effective date of the Merger (the "“Effective Date"”) to occur on either (i) the first fifth business day between the 15th and 29th calendar days of a month which is at least five business days after the last of the conditions set forth in Section 7.01 shall have Article VII has been satisfied or waived in accordance with the terms of this Agreement Agreement, other than those conditions that by their nature are to be satisfied at the closing of the Merger (or, at the election of the parties to this Agreement, on the first business day of the month following the month in which such fifth business 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."”

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)VII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the first fifth business day between the 15th and 29th calendar days of a month which is at least five business days to occur after the last of the conditions set forth in Section 7.01 Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, 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."

Effective Date and Effective Time. (a) Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)VIII, the parties shall cause the effective date of the Merger (the "“Effective Date"”) to occur on (i) the first fifth business day between the 15th and 29th calendar days of a month which is at least five business days to occur after the last of the conditions set forth in Section 7.01 Article VIII shall have been satisfied or waived in accordance with the terms of this Agreement Agreement, other than those conditions that by their nature are to be satisfied at the closing of the Merger (or, at the election of Summit, on the last business day of the month in which such fifth business 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."”

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)VII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the first fifth business day between the 15th and 29th calendar days of a month which is at least five business days to occur after the last of the conditions set forth in Section 7.01 Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, a day within five business days of such fifth business day) 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."

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)7, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the first day between the 15th and 29th calendar days of a month which is at least five business days after the last of the conditions set forth in Section 7.01 shall have been satisfied or waived in accordance with the terms of this Agreement Closing Date or (ii) such other date to which the parties Parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)VIII, the parties shall cause the effective date of the Merger (the "“Effective Date"”) to occur on either (i) the first fifth business day between the 15th and 29th calendar days of a month which is at least five business days after the last of the conditions set forth in Section 7.01 shall have Article VIII has been satisfied or waived in accordance with the terms of this Agreement Agreement, other than those conditions that by their nature are to be satisfied at the closing of the Merger (or, at the election of the parties to this Agreement, on the last business day of the month in which such fifth business 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."”

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)VII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (ia) the first fifth business day between the 15th and 29th calendar days of a month which is at least five business days to occur after the last of the conditions set forth in Section 7.01 Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs or, if such last business day occurs on one of the last five business days of such month, on the last business day of the succeeding month) 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."

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)VII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the first fifth business day between the 15th and 29th calendar days of a month which is at least five business days to occur after the last of the conditions set forth in Section 7.01 Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs or, if such last business day occurs on one of the last five business days of such month, on the last business day of the succeeding month) 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."

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of certificates, opinions and other instruments and documents or similar matters to occur on be delivered at the Effective DateClosing), the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the first day between the 15th and 29th calendar days of a month which is at least five business days after on the last business day of the month in which the conditions set forth in Section 7.01 Article VII shall have been satisfied or waived in accordance with the terms of this Agreement 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."

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII (other than those relating to the physical delivery of documents or similar matters to occur on the Effective Date)VII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on either (i) the first fifth business day between the 15th and 29th calendar days of a month which is at least five business days after the last of the conditions set forth in Section 7.01 shall have Article VII has been satisfied or waived in accordance with the terms of this Agreement Agreement, other than those conditions that by their nature are to be satisfied at the closing of the Merger (or, at the election of the parties to this Agreement, on the first business day of the month following the month in which such fifth business 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."