Effective Date of Cap Clause Samples

Effective Date of Cap. Upon the effective date of a notice to cap contributions pursuant to section 14.1 the Beneficial Interest of MINCO shall be frozen at the level calculated at the completion of that last Program and Budget to which MINCO has just completed its contribution and MINCO shall cease to have any right to contribute to any Program and Budget beyond that frozen level of Beneficial Interest under this Contract.
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Effective Date of Cap. Upon the effective date of a notice to cap contributions pursuant to SECTION 15.1 the Beneficial Interest of TEMCO shall be frozen at the level calculated at the completion of that last Program and Budget to which TEMCO has just completed its contribution and TEMCO shall cease to have any right to contribute to any Program and Budget beyond that frozen level of Beneficial Interest under this Contract.
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Related to Effective Date of Cap

  • Effective Date of Increase Price increases shall be effective upon final approval by the State, and may not be posted on the pricelist prior to receipt of final approval.

  • Effective Date; Duration This Agreement shall become effective when signed by both parties and approved by the City’s legal counsel. Unless sooner terminated, this Agreement shall expire on June 30, 2019. Termination or expiration shall not extinguish or prejudice the City’s right to enforce this Agreement with respect to any default or defect in performance that has not been cured.

  • Effective Date; Term This Agreement shall become effective on the date of its execution and shall remain in force for a period of two (2) years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Trust or the Adviser, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that this Agreement may be continued "annually" shall be construed in a manner consistent with the Act and the rules and regulations thereunder.

  • Effective Date of Amendment This Amendment shall be deemed effective as of the date first written above, as if executed on such date.

  • Effective December 17, 2020, all provisions of this collective agreement shall be read to be gender neutral.