Effective Day definition
Examples of Effective Day in a sentence
Company shall have the right, but not the obligation, within thirty (30) Business Days prior to the Effective Day, to provide training to employees of Seller who will become employees of Company.
Effective Day shall refer to the day when the Parties sign this Agreement.
Within ten (10) days of the Effective Day, Concessionaire shall post and maintain for the duration of the Agreement Term a bond, cash deposit or other form of security acceptable to the City in the amount of not less than $100,000.
Upon receipt of such requests, Operator may, at its discretion, extend the period of mobilization and as its sole remedy can recover from Contractor as ascertained and agreed Liquidated Damages and not by way of penalty a sum equivalent to 1/2 % of annual contract value (i.e. Effective Day Rate based on which bids were evaluated x 365 days) for each week of delay or part thereof subject to maximum of 10% of annual contract value.
Weights are calculated at the close of the sixth trading day prior to the Effective Day.