Common use of Effective Date and Effective Time Clause in Contracts

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the fifth business day to occur after the last of the conditions set forth in Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 2 contracts

Sources: Merger Agreement (Wachovia Corp/ Nc), Merger Agreement (Jefferson Bankshares Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver (subject to applicable law) of the conditions as set forth in Article VIIVII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the fifth business day third Business Day to occur after the last of the conditions set forth in Article VII Section 7.01 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 2 contracts

Sources: Merger Agreement (Bay Networks Inc), Merger Agreement (Periphonics Corp)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII, the parties shall cause the effective date of the Company Merger and the Bank Merger (the "Effective Date") to occur on (i) the fifth business day to occur after the last of the conditions set forth in Article VII to be satisfied prior to the Effective Date shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Company Merger and the Bank Merger shall become effective is referred to as the "Effective Time"."

Appears in 2 contracts

Sources: Merger Agreement (Marion Capital Holdings Inc), Merger Agreement (MFS Financial Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver (subject to applicable law) of the conditions set forth in Article VIIVII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the fifth business day second Business Day to occur after the last of the conditions set forth in Article VII Section 7.01 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 2 contracts

Sources: Merger Agreement (Alteon Websystems Inc), Merger Agreement (Nortel Networks Corp)

Effective Date and Effective Time. Subject to the satisfaction or waiver (subject to applicable law) of the conditions set forth in Article VIIVII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the fifth business day third Business Day to occur after the last of the conditions set forth in Article VII Section 7.01 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (Clarify Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VIIVII (other than the delivery of certificates, opinions and other instruments and documents to be delivered at the Closing), the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) on the fifth last business day to occur after of the last of month in which the conditions set forth in Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (South Branch Valley Bancorp Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (ia) the fifth sixth business day to occur after the last of the conditions set forth in Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs) or (iib) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time"."

Appears in 1 contract

Sources: Merger Agreement (Financial Security Assurance Holdings LTD/Ny/)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VIIVII of this Agreement, the parties shall cause the effective date of the Merger (the "β€œEffective Date"”) to occur on (i) the fifth business day to occur as soon as practicable after the last of the conditions set forth in Article VII shall have been satisfied or waived in accordance with the terms of this Agreement; provided, however, that the Effective Date shall not fall after notice of termination of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurspursuant to Section 8.01(c) or (ii) such other after the date to or dates on which the parties may agree in writingany Regulatory Authority approval or any extension thereof expires. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (Peoples Bancorp Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver (subject to applicable law) of the conditions set forth in Article VIIVIII in accordance with this Agreement, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on (i) the fifth business day third Business Day to occur after the last of the conditions set forth in Article VII Section 8.01 shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs) or (ii) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (Antec Corp)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VII, the parties shall cause the effective date of the Merger (the "Effective Date") to occur on or before (ia) the fifth business day to occur after the last of the conditions set forth in Article VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of Wachovia, on the last business day of the month in which such day occurs) or (iib) such other date to which the parties may agree in writing. The time on the Effective Date when the Merger shall become effective is referred to as the "Effective Time."

Appears in 1 contract

Sources: Merger Agreement (Quick & Reilly Group Inc /De/)