Common use of First Effective Time Clause in Contracts

First Effective Time. At the Closing, NV5 shall file with the Secretary of State of the State of Delaware a certificate of merger for the First Merger (the “First Certificate of Merger”), duly executed in accordance with the DGCL and in such form as required by the DGCL and as mutually agreed by Acuren and NV5. The First Merger shall become effective at the time NV5 duly files the First Certificate of Merger with the Secretary of State of the State of Delaware or at such later time as Acuren and NV5 shall agree and specify in the First Certificate of Merger (the time the First Merger becomes effective, the “First Effective Time”).