Common use of Effective Date of Transfers Clause in Contracts

Effective Date of Transfers. The effective date, for charging purposes, of a Title Transfer will be the date that EMERALD receives instructions from the Warehouser to effect the transfer. If it is received after 4 pm or on a non-working day the effective date will be considered the following working day. EMERALD will use its reasonable endeavours to process a transfer within 48 hours of receipt of instructions.