Effective Date of the Transfer Sample Clauses

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Effective Date of the Transfer. All rights and obligations derived from -------------------------------- this Agreement and transfer of title to the shares subject matter of this Agreement shall be effective as of the execution date of this Agreement. Notwithstanding the above, this Agreement and its legal effects shall remain in force until any of the following conditions are met: a) That the Mexican Department of Commerce and Industrial Development, Registry of Foreign Investment denies to PENN OCTANE MEX its ruling request whereby it is confirmed that foreign investment may participate in its equity, taking into account its main corporate purpose as to the transportation of LP Gas by ducts; b) That the Registry of Foreign Investment from the Department of Commerce and Industrial Development denies, cancels or revokes registry of the investment made by BUYER in connection with the shares of PENN OCTANE MEX, which are the subject matter of this Agreement; c) That after the execution of this Agreement BUYER, in its exclusive discretion, resolves that transfer of the shares subject matter of this Agreement is not convenient to BUYER as a result of any inconsistency in the financial statements of PENN OCTANE MEX; d) That following execution of this Agreement and after the legal audit conducted to PENN OCTANE MEX is carried out BUYER, in its exclusive discretion, resolve that transfer of the shares subject matter of this Agreement is not convenient to BUYER as a result of any inconsistency in connection with the operation and management of PENN OCTANE MEX. If any of the above conditions is met all legal effects of this Agreement shall be deemed null and void in which case BUYER and SELLER shall return any consideration given in connection with this Agreement as if this Agreement had not been executed. SELLER and BUYER hereby agree that if after the legal audit conducted to PENN OCTANE MEX is carried out it is discovered that the outstanding paid-in capital and number of shares issued by PENN OCTANE MEX is higher than $50,000.00 National Currency (Fifty Thousand Pesos National Currency), represented by 50 shares, both parties shall cooperate and execute any further transfer of shares transactions as necessary to keep the proportion of 75% of outstanding shares in the name of PENN OCTANE CORPORATION and 25% of outstanding shares in the name of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇. In order to cancel this Agreement pursuant to the above, BUYER shall endorse back to SELLER all share certificates and SELLER...
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Effective Date of the Transfer. Such revocations and transfers include all previous right, title and interest heretofore held by the Parties of the Exchanged Roadways and shall be effective as of the Effective Date of this Agreement.
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Effective Date of the Transfer. (a) □ The transfer is effective as of the date of signature of the present transfer document. (b) □ The transfer is effective as of the following date: ………………… Reference number of ▇▇▇▇▇▇ and/or applicant∗: ............................ Reference number of representative∗: ............................ ∗The reference number allotted by the applicant and/or the reference number allotted by the representative to the present application may be indicated in this space.
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Effective Date of the Transfer. The date of the transfer of the shares described in Article 1 shall be the date on which this Agreement is signed.
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Related to Effective Date of the Transfer

  • 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 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 this Agreement This Agreement shall become effective (the "Effective Date") upon the date of your acceptance hereof, as set forth below.

  • 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.