Effective Date of Franchise Clause Samples
The 'Effective Date of Franchise' clause establishes the specific date when the franchise agreement becomes legally binding and operational for both parties. Typically, this date is either the date the agreement is signed or a mutually agreed-upon future date, and it marks the point from which the rights and obligations of the franchisor and franchisee commence. By clearly defining when the agreement takes effect, this clause ensures both parties have a shared understanding of when their responsibilities begin, thereby preventing disputes over timing and providing certainty for planning and compliance.
Effective Date of Franchise. This Franchise shall be effective on the date specified in the opening paragraph of this Agreement. This Franchise is contingent upon the Grantee’s filing with the County Administrator, to the extent required by agreement of the Parties, any insurance certificates.
Effective Date of Franchise. This franchise will commence on the effective date of the ordinance or resolution authorizing the grant, or on the date specified in that ordinance or resolution as the effective date of the grant. On or prior to its effective date, Grantee must file with the City Clerk a written acceptance of the ordinance or resolution granting the franchise. That acceptance may be in the form of Grantee's signature on the face of the ordinance or resolution. Grantee must have all required performance bonds and insurance policies in place within 60 days after the effective date of this Agreement. Within 60 days after the effective date of this Agreement, Grantee must file with the City Clerk copies of the required performance bonds and insurance policies or insurance certificates. If the filing of these documents does not occur within that 60-day period, or within any authorized extension of that period, the Grantor may declare this franchise to be null and void.
Effective Date of Franchise. The Franchise shall be effective on the date that both parties have executed this Franchise Agreement, provided that said date is no later than fifteen (15) days after the date that the County, by resolution or otherwise, approves this Franchise Agreement. The Franchise is further contingent upon the Grantee’s filing, with the County Administrator, the executed Franchise Agreement and the required security fund and insurance certificates, except that if the filing of the security fund or any such insurance certificate does not occur within sixty (60) days after the effective date of the resolution approving this granting and any extension of time hereunder, the Grantor may declare this Franchise null and void.
Effective Date of Franchise. The Franchise created by this Agreement shall become effective on
Effective Date of Franchise. This Franchise and the Ordinance granting it shall become effective based upon the requirements for adoption and approval of an Ordinance granting a Franchise as set forth in the Joint Powers Agreement. The Ordinance and Franchise granted by it shall be accepted in writing by Grantee after notice of public hearing, adoption, review by the Members, and a publication of the Ordinance granting this Franchise and such other requirements and in accordance with the schedule as outlined and required by the Joint Powers Agreement.
Effective Date of Franchise. The terms and conditions of this Franchise shall not be binding on the City and the District unless the District Board of Commissioners within thirty (30) days of the effective date of the Ordinance adopts a resolution accepting this Franchise, and the date of the adoption of such resolution by the District Board of Commissioners shall be the effective date ("Effective Date") of this Franchise. Exhibit F Exhibit F – Reduction of System Integration Charge 2014 System Integration Charge The System Integration Charge for 2014 from the Closing Date through December 31, 2014 is $19.00/month per ERU for each month. 2015 System Integration Charge The System Integration Charge for 2015 will be reduced based on the number of new ERUs with paid connection charges between the Closing Date and June 30, 2014. 2016 and Beyond System Integration Charge The System Integration Charge for 2016 will be reduced based on the number of new ERUs with paid connection charges between July 1, 2014 and June 30, 2015. The same calculation will be made annually until there is no remaining System Integration Charge. 2015 Example Calculation Jan 2014 Feb 2014 Mar 2014 Apr 2014 May 2014 June 2014 TOTAL New ERUs 20 20 20 30 30 30 150 150 new ERUs X $0.0025/ERU = $0.375/month reduction. The reduction is then rounded to the nearest 10 cent increment to $0.40. Using this example, the 2015 System Integration Charge would be $19.00 - $0.40 = $18.60/month/ERU, effective January 1, 2015 through December 31, 2015. 2016 Example Calculation July 2014 Aug 2014 Sept 2014 Oct 2014 Nov 2014 Dec 2014 Jan 2015 Feb 2015 Mar 2015 Apr 2015 May 2015 June 2015 TOTAL New ERUs 40 40 50 40 40 30 20 20 20 30 30 30 390 390 new ERUs X $0.0025/ERU = $0.975/month reduction. The reduction is then rounded to the nearest (2015 Charge) - $1.00 = $17.60/month/ERU, effective January 1, 2016 through December 31, 2016. Exhibit G ▇▇▇▇▇ REGIONAL WASTEWATER DISTRICT ▇▇▇▇▇ COUNTY, WASHINGTON RESOLUTION NO. 1586 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF ▇▇▇▇▇ REGIONAL WASTEWATER DISTRICT, ▇▇▇▇▇ COUNTY, WASHINGTON; ADOPTING A SERVICE PLAN WITH THE CITY OF VANCOUVER.