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 6(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) achieved on the Allocated Assets, including realized and unrealized gains and losses thereon. All other provisions of Section 6(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, xxx 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, the transportation of untreated firewood within New York State for commercial sale is limited to 50 miles or less from the source, as defined in the regulations.

  • 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, responses must be submitted via DemandStar.


More Definitions of Effective immediately

Effective immediately upon the giving of written notice. The term "CAUSE" shall include the following:
Sample 1
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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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. MCNAXX XXXRGY 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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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.

  • Effective Amount means with respect to any Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowing and prepayments or repayments thereof occurring on such date.

  • 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.

  • Contract Effective Date means the date agreed upon by the parties for beginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or designated higher approval authority signs the document.

  • Cost-effective means that the expenditures pursuant to

  • Effective Period means the period beginning on the Change of Control Date and ending 24 months after the date of the related Change of Control.

  • Effective Date has the meaning set forth in the preamble.

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;

  • Settlement Effective Date means the date on which the Final Order is Final, provided that by such date the Settlement has not been terminated in accordance with Article 11.

  • €STR Index Cessation Effective Date means, in respect of an €STR Index Cessation Event, the first date on which €STR is no longer provided by the European Central Bank (or any successor administrator of €STR), as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • OBFR Index Cessation Effective Date means, in relation to an OBFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Overnight Bank Funding Rate) ceases to publish the daily Overnight Bank Funding Rate or the date as of which the daily Overnight Bank Funding Rate may no longer be used;

  • Effective Price of Additional Shares of Common Stock shall mean the quotient determined by dividing the total number of Additional Shares of Common Stock issued or sold, or deemed to have been issued or sold by the Company under this Section 4F, into the aggregate consideration received, or deemed to have been received, by the Company for such issue under this Section 4F, for such Additional Shares of Common Stock.

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Merger Effective Date means the date on which the Merger is consummated.

  • Reconstructive breast surgery means surgery performed as a result of a mastectomy to reestablish symmetry between the two breasts and includes augmentation mammoplasty, reductive mammoplasty, and mastopexy.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Termination Time means the time at which the right to exercise Rights shall terminate pursuant to Section 5.1 hereof.

  • Cooling Off Period Shall refer to the period of ten (10) calendar days commencing from and including the date of this Contract.

  • Effective date of participation means July 1, 1968, except with

  • effective control means a relationship constituted by rights, contracts or any other means which, either separately or jointly and having regard to the considerations of fact or law involved, confer the possibility of directly or indirectly exercising a decisive influence on an undertaking, in particular by:

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Effective Date of Termination means the date on which a Qualifying Termination occurs, as provided in Section 2.2 herein, which triggers the payment of Severance Benefits hereunder.

  • Post-Effective Limit means (x) the minimum number of Shares that would give rise to reporting or registration obligations (except for any filing requirements on Form 13F, Schedule 13D or Schedule 13G under the Exchange Act, in each case, as in effect on the Trade Date) or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or would result in an adverse effect on a Dealer Person, under the Applicable Provisions, as determined by Dealer in its reasonable discretion, minus (y) 1.0% of the number of Shares outstanding.