03Effective Time Clause Samples
The 'Effective Time' clause establishes the exact moment when the terms and obligations of an agreement become legally binding on the parties involved. Typically, this clause specifies a particular date and time, or ties effectiveness to the occurrence of a specific event, such as the signing of the contract or the satisfaction of certain conditions. By clearly defining when the agreement takes effect, this clause ensures that all parties have a mutual understanding of when their rights and responsibilities commence, thereby preventing disputes over the timing of contractual obligations.
03Effective Time. Subject to the provisions of this Agreement, at the closing of the Merger, ReShape and Vyome shall cause a certificate of merger (the “Certificate of Merger”) to be executed, acknowledged and filed with the Secretary of State of the State of Delaware in accordance with the relevant provisions of the DGCL and shall make all other filings and recordings required under the DGCL. The Merger shall become effective at such time as the Certificate of ▇▇▇▇▇▇ has been duly filed with the Secretary of State of the State of Delaware or at such later date or time as may be agreed by ReShape and Vyome in writing and specified in the Certificate of Merger in accordance with the DGCL (the effective time of the Merger being referred to as the “Effective Time”).
03Effective Time. Subject to applicable law, the Bank Merger shall become effective on the date and time specified in Articles of ▇▇▇▇▇▇ filed with the Secretary of State of the State of Maine and the Secretary of State of New Hampshire (the “Effective Time”). The parties agree to prepare, execute, and deliver for filing all applications, documents, instruments, certificates, and other papers, and any amendments or supplements thereto, required to be delivered to or filed with the FDIC, the Bureau, the Department or other authority to effectuate the Bank Merger.
03Effective Time. Prior to the Merger Closing, Parent and the Company shall prepare, and on the Merger Closing Date, the Company shall file with the Secretary of State of the State of Delaware, a certificate of merger or other appropriate documents (in any such case, the “Certificate of Merger”) executed in accordance with the relevant provisions of the DGCL and shall make all other filings or recordings required under the DGCL to effectuate the Merger. The Merger shall become effective at such time as the Certificate of ▇▇▇▇▇▇ is duly filed with the Secretary of State of the State of Delaware or at such other time as Parent and the Company shall agree and specify in the Certificate of Merger. The time at which the Merger becomes effective is referred to in this Agreement as the “Effective Time.”
03Effective Time. On the Closing Date, the Parties will cause the Merger to be consummated by filing of a Certificate of Merger in the form as reasonably agreed to by the Parties (the “Certificate of Merger”), with the Secretary of State of the State of Delaware as provided pursuant to the DGCL. The Merger shall become effective at the time when the Certificate of ▇▇▇▇▇▇ has been duly filed with the Secretary of State of the State of Delaware, or at such later time as may be agreed by the Parties in writing and specified in the Certificate of Merger. The date and time at which the Merger becomes effective is referred to in this Agreement as the “Effective Time”.