Novation Effective Date definition

Novation Effective Date means the date of performance of the obligations set out in Clause 4 (Novation)

Novation Effective Date has the meaning given to such term in the Novation Certificate.

Novation Effective Date means the effective date of the Novation Agreement; “Parties” means the Authority, Project Co and the Material Project Contractor; “Project” has the meaning set out in Recital A;

Examples of Novation Effective Date in a sentence

• FGIC shall promptly remit to National one hundred percent (100%) of the premiums, recoveries, subrogation and salvage under or with respect to the Covered Policies, if any, that FGIC may receive after the Novation Effective Date.

• Such Party has all requisite power and authority to execute and deliver this Agreement as contemplated hereby and each other agreement, document, instrument or certificate to be executed by such Party as contemplated hereby or in connection with the consummation of the transactions contemplated hereby (the “Documents”) and, subject to the occurrence of the Novation Effective Date, to perform its obligations under this Agreement and the Documents.

• All monies, checks, drafts, money orders and other instruments received by FGIC after the Novation Effective Date for such amounts will be promptly transferred and delivered to National and any such instruments, when so delivered, will bear all endorsements required to effect the transfer to National.

• Notwithstanding anything to the contrary herein or in any of the foregoing agreements, in the event of any commutation or recapture of any or all the Third Party Reinsurance, whether before, at or after the Novation Effective Date, no amount or other obligation shall be payable or owed by FGIC to National in connection therewith.

• Promptly following the Novation Effective Date, FGIC shall transfer and deliver to National all the underwriting and surveillance files and records relating to the Covered Policies in FGIC's possession or under its control to the extent that such files and records are material and such other files and records relating to the Covered Policies as may be reasonably requested by National promptly following such request (the “Records”).

More Definitions of Novation Effective Date

Novation Effective Date as mentioned in Annexure A (Sr. no. 10) as per the terms and conditions contained herein:

Novation Effective Date means in relation to novation of the Sub-Contract from the Service Provider to the New Service Provider or TfL, the date on which such novation becomes effective;

Novation Effective Date means the date upon which any novation of the Sub- Contract from the Service Provider to the New Service Provider or TfL will become effective;

Novation Effective Date means the earliest date on which both (i) all conditions to the effectiveness of the Plan are either satisfied or waived pursuant to the terms of the Plan and (ii) the Court Order is in full force and effect and is a Final Order, provided that FGIC may waive in writing the requirement that the Court Order be a Final Order.

Novation Effective Date has the meaning given in the Beneficiaries' Direct Agreement.

Novation Effective Date has the meaning given to it in Clause 5.1;

Novation Effective Date means [insert - this will be the Transfer Date as defined in the Transfer Agreement unless the novation is being made pursuant to clause 4