Effective Time of Closing Sample Clauses
The 'Effective Time of Closing' clause defines the exact moment when the closing of a transaction becomes legally effective. Typically, this is specified as a particular date and time, or upon the satisfaction of certain conditions, such as the exchange of documents or payment of funds. By clearly establishing when the rights and obligations of the parties commence, this clause ensures clarity and prevents disputes regarding the timing of ownership transfer or other key responsibilities.
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Effective Time of Closing. The parties agree that the transactions described in this Agreement shall be deemed effective as of 11:59 P.M., Central Time, on the Closing Date (the "Effective Time of Closing").
Effective Time of Closing. Notwithstanding the time at which Closing ------------------------- takes place, the Closing shall be deemed to be effective as of 11:59 p.m. on February 21, 1998.
Effective Time of Closing. The Closing shall be effective for all purposes as of the Cutoff and Buyer and Seller acknowledge and agree that the books and records of FWC shall be closed appropriately to reflect the effective time of the Closing.
Effective Time of Closing. Effective Time of Closing" shall mean 11:59 p.m., Eastern time, on the Closing Date. 1.20 Employee Benefit Plan. "Employee Benefit Plan" shall mean an "employee benefit plan" as defined in Section 3(3) of ERISA and any other plan, agreement, arrangement or program pursuant to which Seller has any continuing obligation to provide compensation or other benefits to any
Effective Time of Closing. The closing of the transactions contemplated hereby (the “Closing”) will take place on such date and at such time as shall be mutually agreed upon by the parties hereto, but shall not occur later than Friday, August 31, 2007. The Closing shall be conducted at or through the offices of Buyer’s attorney. Notwithstanding anything to the contrary, the effective time of the purchase and sale contemplated hereby for purposes of calculating or determining assets and liabilities shall be as of the close of all business on Friday, August 31, 2007 (the "Effective Time").
Effective Time of Closing. “Effective Time of Closing” shall mean 12:01 AM, local time, on the Closing Date.
Effective Time of Closing. Section 2.6 of the Purchase Agreement is hereby amended and replaced in its entirety with the following:
Effective Time of Closing. Subject to the satisfaction of the conditions set forth in Section 1.5 hereof, the Closing shall occur simultaneously with the closing of the transactions described in the Hannover Treaty, the Guaranty and the Stock Pledge. Regardless of the actual date of Closing, the Closing shall be effective as of 11:59 p.m. on December 31, 1998.
Effective Time of Closing. 4 Employees................................................................4
Effective Time of Closing. Effective Time of Closing" shall ------------------------- mean 12:01 a.m., Eastern Standard time, on the Closing Date.