Operational Date Clause Samples
The Operational Date clause defines the specific date on which the terms and obligations of an agreement become effective and enforceable. Typically, this date is either explicitly stated in the contract or determined by a triggering event, such as the completion of certain conditions or the signing of the agreement by all parties. By clearly establishing when the contract's provisions begin to apply, this clause ensures that all parties have a mutual understanding of their rights and responsibilities from a defined point in time, thereby preventing disputes over the commencement of contractual duties.
Operational Date. The term "Operational Date" shall mean, as to each individual Licensed Premises, the first date when one (1) or more of the Gaming Devices are in operation for all hours of operation of the applicable Store.
Operational Date. The Partners recognize that the date when Cellular Service can first be offered to the public depends upon the time required to obtain cellular licenses for providing such Cellular Service and other federal, state and local approvals, the time required to organize any necessary proposed affiliated companies and to vest them with appropriate authority to provide Cellular Service, and the time required to construct and test the cellular system taking into account the General Partner's construction schedule and the cellular system manufacturer's schedule.
Operational Date. The date(s) on which the respective generating units of the Seller’s Facility and Expansion Facility, as the case may be, are projected for planning purposes to begin parallel operation with the Company’s System.
Operational Date. The date the Senior Wellness Facility is substantially complete and upon which the Operator’s operation and management duties and obligations provided hereinafter shall begin.
Operational Date. The date of final acceptance by Authority after all design, installation and testing are complete and the Online Booking System is operational.
Operational Date of the Agreement, which defines the Operational Date, is hereby deleted in its entirety and replaced with the following:
Operational Date. 6 4.5 Extensions . . . . . . . . . . . . . . . . . . . . . .6 5.
Operational Date. The present Arrangement will come into operation upon signature by both Signatories. The Arrangement shall be signed in duplicate originals, in the English languages, with each being equally valid. The arrangement will end once all reporting obligations have been fulfilled and any balance remaining in the DRT Fund Account upon winding up of the DRT Fund will have been disposed of.
Operational Date. Developer agrees that, within a period of ________ (___) days from the approval by Franchisor of the Site, it will cause the respective Franchised Restaurant to be fully Operational.
Operational Date. 6 4.5 Extensions............................................................7 5.