EFFECTIVE DATE OF THE NOTE Sample Clauses

The "Effective Date of the Note" clause establishes the specific date on which the terms and obligations of a promissory note become legally binding for all parties involved. Typically, this date is either explicitly stated in the note or determined by the date of execution or delivery of the document. By clearly defining when the note takes effect, this clause ensures that both the lender and borrower understand when their respective rights and responsibilities commence, thereby preventing disputes over the timing of payments, interest accrual, or enforcement actions.
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EFFECTIVE DATE OF THE NOTE. The Effective Date of this Note for purposes of its status as a binding legal obligation of the Maker is the date hereof, which is also the date after which interest shall accrue on the unpaid principal balance hereof.
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Related to EFFECTIVE DATE OF THE NOTE

  • EFFECTIVE DATE OF CONTRACT The contract shall come into effect on the date of signatures of both the parties on the contract and shall remain valid until the completion of the obligation of the parties under the contract. The deliveries and supplies and performance of the services shall commence from the effective date of the contract.

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

  • Effective Date of the Agreement The date indicated in the Agreement on which it becomes effective, but if no such date is indicated, it means the date on which the Agreement is signed and delivered by the last of the two parties to sign and deliver.

  • Effective Date of Agreement The provisions of the agreement will come into full force and effect on the date of ratification, unless specified otherwise.

  • EFFECTIVE DATE OF PLAN Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Stockholders, voting either in person or by proxy, at a duly held Stockholders' meeting or by the consent of stockholders owning more than 50% of shares of the Common Stock within twelve months of such adoption.