Effective immediately definition

Effective immediately means that the update applies to all project requests submitted on
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Effective immediately the Incentive Fee set forth in Section 5(b) of the Advisory Agreement is hereby changed to twenty percent (20%) of the New High Net Trading Profits (as defined in the Advisory Agreement) on the Net Asset Value of the Partnership allocated by the General Partner to the Advisor's management. All other provisions of Section 5(b) remain unchanged.
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Effective immediately upon the occurrence of an Event of Default, the Debtor hereby appoints the Collateral Agent to be the Debtor's true and lawful attorney, with full power of substitution, in the Collateral Agent's name or the Debtor's name or otherwise, for the Collateral Agent's sole use and benefit, but at the Debtor's cost and expense, to exercise at any time, at the direction of the Majority Lenders, all or any of the following powers with respect to all or any of the Deposit Accounts, Accounts, Chattel Paper, Instruments, Documents, Investment Property, Electronic Chattel Paper, Supporting Obligations or General Intangibles: 5.4.1 to demand, ▇▇▇ for, enforce, collect, settle, compromise, receive and give acquittance for any and all moneys due or to become due upon or by virtue thereof and any Liens securing any such Collateral; 5.4.2 to receive, take, endorse, assign and deliver any and all checks, notes, drafts and other negotiable and non-negotiable instruments taken or received by the Collateral Agent in connection therewith, and the Debtor waives notice of presentment, protest and non-payment of any instrument so endorsed or assigned; 5.4.3 to settle, compromise, compound, prosecute or defend any action or proceeding with respect thereto; 5.4.4 to extend the time of payment of any or all thereof, to make any allowances and other adjustments with reference thereto; 5.4.5 to sell, transfer, assign or otherwise deal in or with the same or the proceeds or avails thereof or the relevant goods, as fully and effectually as if the Collateral Agent were the absolute owner thereof; 5.4.6 to make any reasonable allowances and other reasonable adjustments with reference thereto; 5.4.7 to sign the Debtor's name on any Document, on invoices relating to any Account, on drafts against customers, on schedules of assignments of Accounts, on notices of assignment, financing statements under the UCC and other public records, on verifications of Accounts, and on notices to customers; 5.4.8 to file or record in any public office notices of assignment or any other public notice required to effect this Security Agreement; 5.4.9 to receive and open all mail addressed to the Debtor, and to retain, use and dispose of all such mail as may relate to the Collateral; 5.4.10 to discharge Taxes, liens or other encumbrances at any time levied against or placed thereon; 5.4.11 to send requests for verification of Accounts, Chattel Paper, General Intangibles and Instruments to those liable thereon; 5...
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Examples of Effective immediately in a sentence

  • Effective immediately after the modification, and, in any event, on the same Business Day on which the modification occurs, all interest of the Trustee in the Modified Mortgage Loan shall automatically be deemed transferred and assigned to the Master Servicer and all benefits and burdens of ownership thereof, including the right to accrued interest thereon from the date of modification and the risk of default thereon, shall pass to the Master Servicer.

  • Effective immediately upon its acceptance of a valid appointment as Agent, a successor Agent shall succeed to, and become vested with, all the rights, powers, privileges and duties of the retiring Agent under the Loan Documents.

  • Effective immediately after such modification, and, in any event, on the same Business Day on which the modification occurs, all right, title and interest of the Trustee in and to the Modified Mortgage Loan shall automatically be deemed transferred and assigned to the Servicer and all benefits and burdens of ownership thereof, including without limitation the right to accrued interest thereon from and including the date of modification and the risk of default thereon, shall pass to the Servicer.

  • Effective immediately upon its acceptance of a valid appointment as Administrative Agent, a successor Administrative Agent shall succeed to, and become vested with, all the rights, powers, privileges and duties of the retiring Administrative Agent under the Loan Documents.

  • Effective immediately upon termination of employment, Executive shall no longer be eligible to contribute to or to be an active participant in any retirement or benefit plan covering employees of Employer; provided, however, Executive may effect a rollover or other transfer of his interests in any such retirement or benefit plan in accordance with the terms of such plan and applicable law.

  • Effective immediately after the modification, and, in any event, on the same Business Day on which the modification occurs, all interest of the Trustee in the Modified Mortgage Loan shall automatically be deemed transferred and assigned to Countrywide and all benefits and burdens of ownership thereof, including the right to accrued interest thereon from the date of modification and the risk of default thereon, shall pass to Countrywide.

  • Effective immediately upon its acceptance of a valid appointment as Collateral Agent, a successor Collateral Agent shall succeed to, and become vested with, all the rights, powers, privileges and duties of the retiring Collateral Agent under the Loan Documents.

  • Effective immediately upon termination of employment, Executive shall no longer be eligible to contribute to or to be an active participant in any retirement or benefit plan covering employees of Employer.

  • Effective immediately upon such expiration, the Conversion Price shall be increased to the price which it would have been had the adjustment of the Conversion Price due to the expired right, option or warrant causing the decrease in the Conversion Price not occurred; however such increase in the Conversion Price shall only apply to the extent such rights, options or warrants were not exercised prior to their expiration.

  • Effective immediately after the modification, and, in any event, on the same Business Day on which the modification occurs, all interest of the Trustee in the Modified Mortgage Loan shall automatically be deemed transferred and assigned to CHL and all benefits and burdens of ownership thereof, including the right to accrued interest thereon from the date of modification and the risk of default thereon, shall pass to CHL.


More Definitions of Effective immediately

Effective immediately upon the giving of written notice. The term "CAUSE" shall include the following:
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Effective immediately. UPON the acquisition by ECT of all of the outstanding capital stock of the Borrower pursuant to the Transaction Agreement, ECT will irrevocably and unconditionally guarantee the timely payment when due of all of Borrower's financial obligations under this Note to the extent Borrower fails to pay such obligations when due. The foregoing guarantee is evidenced by the execution by ECT of this Note. IF THIS NOTE is collected by suit or through the Probate or Bankruptcy Court, or any judicial proceeding, or if this Note is not paid pursuant to its terms and it is placed in the hands of an attorney for collection, then the Borrower agrees to pay such attorney's reasonable attorneys fees. THE BORROWER waives demand, presentment for payment, notice of nonpayment, protest, notice of protest, and all other notice, filing of suit and diligence in collecting this Note or enforcing any of the security herefor, and agrees that it will not be necessary for any holder hereof, in order to enforce payment of this Note by it, to first institute suit or exhaust its remedies against the Borrower or to enforce its rights against any security herefor. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. MCNA▇▇ ▇▇▇RGY SERVICES CORPORATION By: --------------------------------------- Name: Title: For the purposes of the sixth paragraph of this Note only: ENRON CAPITAL & TRADE RESOURCES CORP.
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Effective immediately means that the update applies to all project requests submitted on or after the release date (29 August 2023).
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Related to Effective immediately

  • Immediately means as soon as possible but in no event longer than 24 hours.

  • Effective TBD means that the date is to be determined by further Commission action. A date listed as "anticipated effective" may be subject to change. An Advice Letter Supplement is not a new filing, and there is no protest period unless indicated.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • Target Effective Date has the meaning specified in Section 2.01(a).

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.