Failure of the Effective Date Sample Clauses

Failure of the Effective Date. Subject to the provisions of Section 2.3 regarding termination of the Agreement for failure to receive Regulatory Approval, in the event that a condition precedent to the Effective Date has not been satisfied within three hundred sixty-five (365) days of the Execution Date, provided that a Party has made commercially reasonable efforts, based on the extent of its reasonable control, to satisfy the conditions precedent to the Effective Date set forth in Section 5.1(a), such Party shall have the right to terminate this Agreement, as long as such right is exercised by Notice received within thirty (30) days after such failure and in accordance with Section 2.3. If either Party has the right to terminate this Agreement in accordance with the above provisions of this Section 5.1(b), and this Agreement is terminated pursuant to this Section 5.1(b), Buyer shall refund to Seller the full amount of Development Period Security posted by Seller within ten (10) Business Days of such termination.
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Related to Failure of the Effective Date

  • Term/Effective Date This Agreement is effective upon the Effective Date and will expire on the 30th day of June, 2023, unless earlier terminated in accordance with this Agreement.

  • Contract Effective Date This agreement becomes effective when signed by the last party whose signing makes the agreement fully executed.

  • Termination for Failure to Become Effective This Agreement and all obligations of the parties under it shall terminate if it has not entered into effect by the date ninety (90) days after the date of this Agreement, unless the World Bank, after consideration of the reasons for the delay, establishes a later date for the purpose of this Section. The World Bank shall promptly notify the Recipient of such later date.

  • Amendment; Termination (a) This Addendum (including the Schedules hereto) may not be amended without the prior written consent of the Majority Japan Local Currency Banks hereunder and subject to the provisions of Section 8.01 of the Credit Agreement.

  • Amendment Effective Date This Amendment shall become effective as of the first date (the “Amendment Effective Date”) on which each of the following conditions shall have been satisfied:

  • Effective Date The obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

  • Initial Effective Date The initial effective date of coverage under the Group Insurance Program is the thirty-fifth (35th) day following the employee's first day of employment, re- hire, or reinstatement with the State. The initial effective date of coverage for an employee whose eligibility has changed is the date of the change. An employee must be actively at work on the initial effective date of coverage, except that an employee who is on paid leave on the date State-paid life insurance benefits increase is also entitled to the increased life insurance coverage. In no event shall an employee's dependent's coverage become effective before the employee's coverage. If an employee is not actively at work due to employee or dependent health status or medical disability, medical and dental coverage will still take effect. (Life and disability coverage will be delayed until the employee returns to work.)

  • Effective Date; Termination Section 6.01. The following events are specified as additional conditions to the effectiveness of the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions:

  • Termination with Immediate Effect 5.6 If the Secretary of State has cause to serve a notice on the Company under section 165 of the Education Xxx 0000 and a determination (from which all rights of appeal have been exhausted) has been made that the Academy shall be struck off the Register of Independent Schools, he may terminate this Agreement by notice in writing to the Company such termination to take effect on the date of the notice. Request to consider termination if the Academy is financially unsustainable

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