Effective Date of Release Sample Clauses
The 'Effective Date of Release' clause establishes the specific date on which a release of claims or obligations becomes legally binding between the parties. In practice, this clause identifies whether the release takes effect immediately upon signing, at a future date, or upon the occurrence of a particular event, such as the completion of payment or delivery of goods. By clearly defining when the release is operative, this clause ensures both parties understand when their rights and responsibilities under the agreement are altered or discharged, thereby preventing disputes over timing and enforceability.
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Effective Date of Release. ▇▇▇▇▇▇ understands and acknowledges that he may take up to 21 days to consider whether or not he desires to enter into this Release. ▇▇▇▇▇▇ warrants and represents that he was not coerced, threatened or otherwise forced to sign this Release. ▇▇▇▇▇▇ represents and acknowledges that any execution of this Release is done on a voluntary basis. After signing and delivering this Release to AFLAC, ▇▇▇▇▇▇ will have 7 calendar days during which he may choose to revoke this Release. If ▇▇▇▇▇▇ chooses to revoke this Release, it must be done so in writing and delivered to AFLAC. ▇▇▇▇▇▇ and AFLAC acknowledge and agree that this Release is not effective until and upon the expiration of such 7-day revocation period. After expiration of the 7-day revocation period, this Release will be binding upon ▇▇▇▇▇▇ and AFLAC and will be irrevocable.
Effective Date of Release. Beginning of lease term after 30 days has expired following the notice. Thus, if notice was given on December 12, the tenant is obligated to pay January rent, but would be released as of February 1.
Effective Date of Release. The Release shall not become effective until the day (the “Effective Date”) that is eight (8) calendar days after Mr. Van Adzin has signed the Release in accordance with the provisions of Section 13(b) above and then only if (a) it has been delivered to the person named in Section 14 of this Agreement within seven days after he signed it, and (b) it has not been revoked by Mr. Van Adzin in accordance with the provisions of Section 14 of this Agreement.
Effective Date of Release. This Release shall not become effective until the eighth (8th) day after Executive’s execution of this Release. Accordingly, severance payments described in Section [2(b)] or [3(b)] of the Severance Agreement shall not commence until such time.
Effective Date of Release. This Release shall not become effective until the eighth (8th) day after Executive’s execution of this Release. Accordingly, severance payments described in Section 7(c) of the Employment Agreement shall not be paid until such time.
Effective Date of Release. The Release shall not become effective until the day (the “Effective Date”) that is eight (8) calendar days after ▇▇. ▇▇▇▇▇▇ has signed the Release in accordance with the provisions of Section 13 above and then only if (a) it has been delivered to the person named in Section 14 of this Agreement within seven days after he signed it, and (b) it has not been revoked by ▇▇. ▇▇▇▇▇▇ in accordance with the provisions of Section 14 of this Agreement.
Effective Date of Release. Executive is entitled to review and consider this Release for twenty-one (21) calendar days following the date of receipt of the Release (the "Receipt Date") before signing and returning this Release to Employer. If Executive does not accept the terms of this Release in writing and deliver the executed Release to Employer within twenty-one (21) days following the Receipt Date, no Severance Benefits will be payable to the Executive under the Agreement. For a period of seven (7) calendar days following the date of Executive's execution of this Release (the "Acceptance Date"), Executive may revoke this Release ("Revocation Period"). Executive may revoke this Release only by giving Employer formal, written notice of Executive's revocation of this Release to the name and address set forth in paragraph (c) of Section 12 of this Release, to be received by Employer by the close of business on the seventh (7th) day following Executive's execution of this Release (or fifteen (15) days if Executive is subject to the laws of the state of Minnesota). This Release shall not become effective in any respect until the Revocation Period has expired without notice of revocation. In the absence of Executive's revocation of this Release, the eighth (8th) day, or the fifteenth (15th) day if subject to Minnesota law, after Executive's execution of this Release shall be the "Effective Date" of this Release, at which time the rights of all parties under this Release become fully enforceable.
Effective Date of Release. Upon the delivery of a Notice of Release, the release shall take effect upon the issue by the Account Bank (as defined in the Intercreditor Agreement) to EIB of a certificate, in form and substance satisfactory to EIB, to the effect that the conditions specified in Clause 12.1(b)(i) to (vi) is fulfilled as at the date of issue of such certificate.
Effective Date of Release. The Release shall become effective on the date the Settlement Payment check clears the financial institution upon which the Settlement Payment check is drawn.
Effective Date of Release. This Release shall become effective only after (1) it is signed by ▇▇▇▇▇▇▇▇▇, (2) it is delivered to the Village President, and (3) the seven-day revocation period set forth in Section 14 of this Agreement has expired (the “Release Effective Date”).