Effective Dates of Transfers Clause Samples

The 'Effective Dates of Transfers' clause defines the specific date or dates on which the ownership or rights to certain assets, property, or interests are officially transferred from one party to another. In practice, this clause clarifies whether the transfer is immediate upon signing, set for a future date, or contingent upon the fulfillment of certain conditions, such as regulatory approval or payment completion. By establishing a clear timeline for when the transfer takes effect, this clause helps prevent disputes and ensures both parties understand when their respective rights and obligations begin or end.
Effective Dates of Transfers. (a) Transfers pursuant to this Article 8 may be made on any day, but for purposes of this Agreement, the effective date of any such Transfer shall be (i) the first day of the month in which such Transfer occurred if such Transfer occurred on or prior to the fifteenth calendar day of a month, or (ii) the first day of the month immediately following the month in which such Transfer occurred, if such Transfer occurred after the fifteenth calendar day of a month, or such other date determined by the General Partner pursuant to such convention as may be administratively feasible and consistent with applicable law. (b) If any Partnership Interest is Transferred in compliance with the provisions of this Article 8 on any day other than the first day of a calendar year, then Profits and Losses, each item thereof and all other items attributable to such Partnership Interest for such year shall be allocated between the transferor and (in the case of a Transfer other than a redemption) the transferee by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using any method permitted thereunder. All distributions pursuant to Article 5 hereof attributable to such Transferred Partnership Interest (A) with respect to which the Partnership Record Date is before the effective date of such Transfer (other than a pledge, mortgage or other encumbrance) shall be made to the transferor, (B) with respect to the first Partnership Record Date after the effective date of such Transfer (other than a pledge, mortgage or other encumbrance) shall be paid to the transferor and to the transferee, ratably in accordance with their respective periods of ownership of the Partnership Interest transferred during the period with respect to which such distribution is made, and (C) all distributions after those described in clauses (i) and (ii) immediately above shall be made to the transferee.
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Effective Dates of Transfers. (i) Transfers of Interests (or interests therein) pursuant to this Section 5.4 may be made on any day, but for purposes of this Agreement, a Transfer shall be deemed to occur at the beginning of the Accounting Period during which such Transfer occurs, if such Transfer occurs on or prior to the fifteenth (15th) day of such Accounting Period, or at the beginning of the Accounting Period immediately following the Accounting Period during which such Transfer occurs, if such Transfer occurs after the fifteenth (15th) day of an Accounting Period, or at such other time determined by the Managing Member pursuant to such convention as may be administratively feasible and consistent with applicable law. (ii) All distributions pursuant to this Agreement attributable to a Transferred Interest (or interest therein): (A) with respect to which the distribution record date determined by the Managing Member is before the date such Transfer is deemed to occur, shall be made to the transferor, and (B) with respect to which the distribution record date determined by the Managing Member is on or after the date such Transfer (other than a pledge, encumbrance, hypothecation or mortgage) is deemed to occur, shall be made to the transferee. (iii) If any Interest (or an interest therein) is deemed to be Transferred on any day other than the first day of a calendar year, then each Tax Item attributable thereto for such year shall be allocated to the transferor and the transferee by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using any method permitted thereunder selected by the Managing Member.
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Effective Dates of Transfers. Transfers pursuant to this Article IX may only be made as of the first day of a fiscal quarter of the Partnership, unless the General Partner otherwise agrees.
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Effective Dates of Transfers. (a) Transfers pursuant to this ARTICLE 7 may be made on any day, but for purposes of this Agreement, the effective date of any such transfer shall be (i) the first day of the month in which such transfer occurred if such transfer occurred on or prior to the fifteenth calendar day of a month, or (ii) the first day of the month immediately following the month in which such transfer occurred, if such transfer occurred after the fifteenth calendar day of a month, or such other date determined by the Board pursuant to such convention as may be administratively feasible and consistent with applicable law. (b) If any Unit is transferred or assigned in compliance with the provisions of this ARTICLE 7, all distributions pursuant to SECTION 5.1 attributable to such transferred Units (i) with respect to which the Company Record Date is before the effective date of such transfer (other than a pledge, encumbrance, hypothecation or mortgage) shall be made to the transferor, and (ii) all distributions after those described in the foregoing CLAUSE (i) shall be made to the transferee.
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Effective Dates of Transfers a. As record title to an undivided 93.75% of the Subject Interests is vested in Conquest, and as ▇▇▇▇▇▇ and ▇▇▇▇ are entitled to a specific undivided interests in the Subject Interests, ▇▇▇▇▇▇ and ▇▇▇▇ hereby nominates and appoint Osage to be the assignee of their interests from and after October 1, 2004 (“the Effective Date”) but with Conquest’s assignment to ▇▇▇▇▇▇ and ▇▇▇▇ to be for a limited term beginning January 1, 2004 and ending on October 1, 2004. b. The remaining interests owned by Conquest in the Subject Interests, being an undivided 88% shall be assigned by Conquest to Osage as of the Effective Date.
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Effective Dates of Transfers. (a) Transfers pursuant to this Article IX may only be made as of the first day of a fiscal quarter of the Partnership, unless the General Partner otherwise agrees. (b) If any Partnership Interest is transferred or assigned in compliance with the provisions of this Article IX, or redeemed pursuant to Section 11.1, on any day other than the first day of a calendar year, then Net Income, Net Loss, each item thereof and all other items attributable to such Partnership Interest for such year shall be allocated to the transferor Partner, or the redeemed Partner, as the case may be, and the transferee Partner, by taking into account their varying interests during such year in accordance with section 706(d) of the Code using such method as is elected by the General Partner. All distributions of Net Operating Cash Flow attributable to such Partnership Interest with respect to which the Partnership Record Date is before the date of such transfer, assignment or redemption shall be made to the transferring, assigning or redeemed Partner, and all distributions of Net Operating Cash Flow thereafter attributable to such Partnership Interest shall be made to the transferee Partner.
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Effective Dates of Transfers. (a) Transfers pursuant to this Article IX may only be made as of the first day of a fiscal quarter of the Partnership, unless the General Partner otherwise agrees. The General Partner hereby agrees that, with respect to Persons admitted to the Partnership as Limited Partners under the TLC Contribution Agreement, transfers pursuant to the conversion rights of such Persons as set forth in Section 11.1 of this Agreement or pursuant to that certain Contributors Rights Agreement dated as of May 14, 1997, shall not be limited to the first day of a fiscal quarter. (b) If any Partnership Interest is transferred or assigned in compliance with the provisions of this Article IX, or converted or sold for Shares or cash pursuant to Section 11.1 on any day other than the first day of a calendar year, then Net Income, Net Loss, each item thereof and all other items attributable to such Partnership Interest for such year shall be allocated to the transferor Partner, or the converted or selling Partner, as the case may be, and the transferee Partner, by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using the interim closing of the books method. Solely for purposes of making such allocations, each of such items for the calendar month in which a transfer or assignment occurs shall be allocated to the transferee Partner. All distributions of Net Operating Cash Flow attributable to such Partnership Interest with respect to which the Partnership Record Date is before the date of such transfer, assignment, conversion or sale shall be made to the transferring, assigning, converting or selling Partner, and all distributions of Net Operating Cash Flow thereafter attributable to such Partnership Interest shall be made to the transferee Partner. Furthermore, the interim closing of the books method shall be 42 used to take into account the acquisition by the General Partner on the date hereof of its Partnership Interest and the allocation to the General Partner of the Net Income, Net Loss and each item thereof and all items attributable to such Partnership Interest accruing on and after this date.
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Effective Dates of Transfers. 44 9.5 Transfer...................................................45
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Effective Dates of Transfers. (i) Transfers of Interests, or interests therein, pursuant to this Section 5.5 may be made on any day, but for purposes of this Agreement, a Transfer shall be deemed to occur at the beginning of the Accounting Period during which such Transfer occurs, if such Transfer occurs on or prior to the fifteenth calendar day of such Accounting Period, or at the beginning of the Accounting Period immediately following the Accounting Period during which such Transfer occurs, if such Transfer occurs after the fifteenth day of an Accounting Period, or such other time determined by the General Partner pursuant to such convention as may be administratively feasible and consistent with applicable law. (ii) All distributions pursuant to Section 6.6 attributable to a Transferred Interest or interest therein (A) with respect to which the distribution record date determined by the General Partner is before the date such Transfer is deemed to occur, shall be made to the transferor, and
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Related to Effective Dates of Transfers

  • Effective Date of Transfer Any assignment of a Limited Partner's Interest or Special Limited Partner's Interest pursuant to Section 12.1 shall become effective as of the first day of the calendar month in which the last of the conditions to such assignment are satisfied.

  • Documentation of Transfers You can receive a transaction receipt at the time you make any transfer to, from, or between your account(s) using an ATM. · If you have arranged to have direct deposits (which are electronic funds transfers as described in Section 4) made to your asset account(s) at least once every 60 days from the same person or company, the person or company making the deposit will tell you every time they send us the money. You may visit any branch, call us at ▇▇▇-▇▇▇-▇▇▇▇ or ▇▇▇-▇▇▇-▇▇▇▇, or access your transaction history via ComputerLine, MoneyLine, Green on the Go® for mobile, or the MSUFCU Mobile app to find out whether the deposit has been made. · You will get a statement every month if you have authorized any electronic funds transfer service described in Section 4. If no electronic funds transfer occurs in a particular calendar quarter, you will still receive a statement for that quarter. However, for an asset account to which you have authorized no electronic funds transfers other than preauthorized credits, you will get a statement quarterly. On any account considered dormant, a statement will be sent to you annually. · Periodic statements we send you on accounts that are subject to electronic funds transfers described in Section 4 and transaction receipts issued by an ATM are admissible evidence. · Your right to documentation as set forth above in this section does not apply when the electronic funds transfer occurs outside of the United States.

  • Types of Transactions You may access certain account(s) you maintain with us by computer using your assigned user ID and password by accessing the online banking service. You may use the online banking service to perform the following functions:

  • As Of Transactions For purposes of this Article M, the term “

  • Costs of Transfer on Exchange Notwithstanding Paragraph 8, the Transferor will be responsible for, and will reimburse the Transferee for, all transfer and other taxes involved in the transfer of Eligible Credit Support either from the Transferor to the Transferee or from the Transferee to the Transferor hereto.