EFFECTIVE TIME OF TRANSFER Clause Samples
The "Effective Time of Transfer" clause defines the exact moment when ownership or rights to an asset, property, or interest are legally transferred from one party to another. Typically, this clause specifies a particular date, time, or event—such as the closing of a transaction or the fulfillment of certain conditions—at which the transfer becomes effective. By clearly establishing when the transfer occurs, this clause helps prevent disputes over ownership, clarifies responsibilities, and ensures both parties understand when their respective rights and obligations begin or end.
EFFECTIVE TIME OF TRANSFER. The transfer and assignment of the Assets from Vendor to Purchaser shall be effective as of the Effective Time, however, possession and title to the Assets shall not pass to Purchaser until the completion of Closing.
EFFECTIVE TIME OF TRANSFER. 25 10.4 INVALID TRANSFER....................................................
EFFECTIVE TIME OF TRANSFER. Notwithstanding anything to the -------------------------- contrary contained herein, an Assignment shall be effective and is intended to transfer Seller's interests (including, without limitation, any and all of Seller's rights and obligations under the Transaction Documents) only with respect to the Trust Estate described therein. * * * [Omnibus Agreement]
EFFECTIVE TIME OF TRANSFER. The transfer and assignment of the Shares and the Support Assets shall be effective as of the Effective Date provided that Closing occurs. Possession and title to the Shares and the Support Assets shall not pass to Purchaser until Closing but shall pass at Closing.
EFFECTIVE TIME OF TRANSFER. A purported transfer of a Unit(s), or any other Limited Partnership interest shall be valid as to the Partnership and the General Partner on the first day of the month following the month in which the foregoing conditions have been met (whereupon the General Partner shall cause the name of the transferee to be registered as the holder of such Unit or Units upon the records maintained for that purpose as provided in Section 3.12).
EFFECTIVE TIME OF TRANSFER. The transfer of the Assets from the Sellers to the Purchasers shall be deemed to have occurred at 11:59 p.m. Pacific Daylight Time on the Closing Date. This Agreement shall not be construed as effecting a transfer of the Assets prior to the Closing Date. The date of July 31, 1997 shall be used to determine the adjustment to the purchase price pursuant to SECTION 2.4; no Assets shall be deemed transferred on such date.