Designation Date Sample Clauses
The Designation Date clause establishes a specific date on which certain rights, obligations, or statuses under the agreement become effective or are formally recognized. In practice, this clause might be used to set the date when a party is officially appointed to a role, when a particular asset is transferred, or when a contractual milestone is reached. By clearly defining the effective date for key actions or designations, this clause ensures clarity and prevents disputes over timing or the commencement of responsibilities.
Designation Date. The date that the Servicer (prior to the Effective Date) or the Administrator (after the Effective Date) designates a Facility Eligible Servicing Agreement as a Designated Servicing Agreement. Any Designated Servicing Agreement listed on any schedule hereto as of the initial Funding Date shall be deemed to have a “Designation Date” as of the initial Funding Date (or such other date as may be agreed to by the Administrative Agent).
Designation Date. The Designation Date with respect to a ----------------- particular Other Compound shall be the date Pharmacopeia (i) identifies the structure of a Collaboration Library Compound pursuant to Section 5.3.1 above, or (ii) receives notice from BMS pursuant to Section 5.3.2 above.
Designation Date the first (1st) date after the Second Restatement Date on which there shall occur (a) any event described in Section 11.1(i) with respect to any Borrower, or (b) an acceleration of Loans and termination of the Commitments pursuant to Section 11.2.
Designation Date. For any Designated Servicing Agreement, the meaning assigned to such term in the Receivables Sale Agreement.
Designation Date. The Designation Date with respect to a particular OUT Compound shall be the date (i) Pharmacopeia identifies the structure of a Library Compound pursuant to Section 4.3.1 above, or (ii) Organon identifies the structure of a Library Compound pursuant to Section 4.3.2 above.