Option Effective Date definition

Option Effective Date has the meaning ascribed to it in Clause 2.3;

Option Effective Date means the Effective Date unless this Agreement is an amendment to an earlier agreement in which case the “Option Effective Date” shall mean April 26, 2002.

Option Effective Date has the meaning set forth in Section 4.1.

Examples of Option Effective Date in a sentence

• Each rejected Retained Optional Contract will be a Retained Asset and the Bridge Bank will have no further right or obligation in connection with those agreements as of the applicable Option Effective Date.

• The Bridge Bank’s obligation to insure and to maintain the Receiver as an additional insured pursuant to this Section 6.10 terminates with regard to each Lease and Leased Data Management Equipment subject to the Option Period on the applicable Option Effective Date.

• All Off-Site Records covered by a Transferred Optional Contract become either Bridge FB Records or Custodial FB Records, as applicable, on the applicable Option Effective Date and are thereafter subject to Article V.

• The Receiver hereby assigns and the Bridge Bank hereby assumes, without further action by either the Receiver or the Bridge Bank, all of the Receiver’s rights, interests, obligations and liabilities of every nature or kind, accrued, fixed, absolute, contingent or otherwise in, under or related to the Transferred Optional Contacts, including amounts accrued or liabilities incurred on or prior to the Bank Closing Date (to the extent such are not Retained Liabilities) as of the Option Effective Date.

• The Bridge Bank agrees to comply with the terms of, perform obligations related to, and pay all amounts accruing under the Optional Contracts, including the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments, that accrue or relate to the period beginning after the Bank Closing Date and ending on the Option Effective Date with regard to each Optional Contract.

More Definitions of Option Effective Date

Option Effective Date means April 26, 2002.

Option Effective Date means May 1, 2006, which is the date when the System made the Medicare Gap Benefit option available to Eligible Members.

Option Effective Date means the Effective Date.

Option Effective Date means with respect to an Option, the date upon which AbbVie delivers to Morphic the Exercise Notice with respect to such Option in accordance with Section 3.1.2.

Option Effective Date has the meaning set forth in the Recitals.

Option Effective Date means (a) for Retained Optional Contracts, the effective date identified by the Bridge Bank on the Rejected Contracts Schedule that must not be (i) less than thirty (30) days after the delivery of the updated Rejected Contracts Schedule that includes any newly identified Retained Optional Contracts, and (ii) more than thirty (30) days after the expiration of the Option Period, and (b) for Optional Contracts not identified as a Retained Optional Contract, the last day of the Option Period.

Option Effective Date means the date on which the earliest of the following events occurs (i) the Acquisition Event; (ii) the Resale Event; or (iii) the Direct Sale Event.