On or After the Transfer Date Sample Clauses

The "On or After the Transfer Date" clause establishes that certain rights, obligations, or actions become effective starting from the specified transfer date. In practice, this means that any responsibilities, benefits, or liabilities outlined in the agreement will only apply once the transfer date has arrived or at any time thereafter. For example, ownership of assets, payment obligations, or service provisions may only commence on or after this date. The core function of this clause is to provide a clear temporal boundary, ensuring that all parties understand when their respective duties or entitlements begin, thereby preventing disputes over timing.
On or After the Transfer Date. On and after the Transfer Date, Company shall own, operate and maintain Company-Owned Interconnection Facilities.