Division Date Sample Clauses
The Division Date clause establishes the specific date on which the division of assets, liabilities, or interests between parties becomes effective. In practice, this clause is commonly used in agreements involving business separations, divorces, or partnership dissolutions to clearly define when the allocation of property or responsibilities takes place. By setting a clear Division Date, the clause ensures that both parties have a mutual understanding of when their respective rights and obligations begin or end, thereby preventing disputes over timing and facilitating a smooth transition.
Division Date. The Division Date (the “Division Date”) shall mean the effective date for purposes of dividing taxes pursuant to Section 18-2147 of the Nebraska Community Development Law. The Division Date for the applicable Phase shall be January 1, 20 ; and a proposed form of the "Notice to Divide Tax for Community Redevelopment Project" applicable to such Phase is attached hereto as Exhibit A and incorporated herein by this reference. [The Division Date shall be the January 1st of the year following the issuance of a building permit for a residence to be constructed on a Lot described in Section 2 (a) hereof.] For purposes of the Notice to Divide Tax for Community Redevelopment Project, the calendar year in which the division of real property tax becomes effective shall be the year of the Division Date.
Division Date. The Division Date shall be the date which is 60 days after the date on which either the BSE Class Actions have been successfully concluded, or the BSE Class Actions have been dismissed against all defendants and all appeals have been exhausted. A successful conclusion of the BSE Class Actions shall be deemed to be either a Final judgment on the common issues in favour of some or all Class Members or a settlement that benefits one or more Class Members, as success is defined in section 33(2) of the Class ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇, S.O. 1992 Chapter 6. In any case, the Division Date shall be no later than December 31, 2028.