Common use of Loan Agreement Effective Date Clause in Contracts

Loan Agreement Effective Date. The First Section of this paperwork will seek to establish some basic facts regarding the concerned loan. Since the majority of loans made will be time-sensitive, it will be imperative to document the exact date when the Borrower and Xxxxxx will first be obligated to comply with this agreement. The first two lines in Section I have been formatted to accept the presentation of this agreement’s date of effect.