EFFECTIVE DATE OF A TRANSACTION Sample Clauses

EFFECTIVE DATE OF A TRANSACTION. If the request for a transaction, including any purchase payment, transfer, withdrawal, or termination, does not specify a future transaction date, the Effective Date of the transaction is generally the Valuation Date coincident with the date on which the transaction request is received at the Home Office. However, the Effective Date of the transaction is the next following Valuation Date if the transaction request is received at the Home Office either: (a) on a Valuation Date after the close of trading on the New York Stock Exchange (NYSE); or (b) on a day on which the NYSE is closed. If the request for the transaction specifies a future transaction date, the Effective Date of the transaction is generally the Valuation Date coincident with the specified date. However, if the NYSE is closed on the specified date, the Effective Date of the transaction is the next following Valuation Date. The Effective Date of an automatic transaction, such as the application of a dividend or the deduction of the Administration Fee, is generally the Valuation Date coincident with the date on which the Company processes the transaction. However, if the NYSE is closed on the processing date, the Effective Date of the transaction is the next following Valuation Date.
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Related to EFFECTIVE DATE OF A TRANSACTION

  • Effective Date of the Merger The Merger shall become effective when a properly executed Certificate of Merger is duly filed with the Secretary of State of the State of Delaware, which filing shall be made concurrently with the closing of the transaction contemplated by this Agreement in accordance with Section 1.12. When used in this Agreement, the term "Effective Date" shall mean the date and time at which such Certificate of Merger is so filed or at such time thereafter as is provided in such Certificate of Merger.

  • EFFECTIVE DATE OF CONTRACT This Contract shall become effective upon signing by the parties hereto. (End of Article)

  • Effective Date of the Agreement This Agreement will incept on the date hereof, to be effective as of 12:01 A.M., December 15, 2003 and will cover policies effective on and after that date. In addition, THE REINSURER agrees to accept reinsurance coverage for policies backdated to save age up to six months prior to the effective date of this Agreement. The reinsurance coverage for any backdated policies will be effective as of the policy effective date.

  • Effective Date of Agreement This Agreement shall become effective upon the execution and delivery hereof by the parties hereto.

  • Effective Date of Merger Upon satisfaction or waiver (in accordance with the provisions of this Agreement) of each of the conditions set forth herein, the parties hereto shall execute and cause to be filed Articles of Combination, and/or such certificates or further documents as shall be required by the OTS, the Office of the Secretary of the OTS, and with such other federal or state regulatory agencies as may be required. Upon approval by the OTS, and endorsement of such certificates, the Merger and other transactions contemplated by this Agreement shall become effective. The Effective Date for all purposes hereunder shall be the date of such endorsement.

  • Effective Date of Amendment This Amendment shall be deemed effective as of the date first written above, as if executed on such date.

  • EFFECTIVE DATE OF PLAN Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Stockholders, voting either in person or by proxy, at a duly held Stockholders’ meeting or by the consent of Stockholders owning more than fifty percent (50%) of shares of the Common Stock within twelve months of such adoption.

  • Effective Date of Agreement; Termination (a) This Agreement shall become effective when the parties hereto have executed and delivered this Agreement.

  • Effective Date; Termination This Agreement shall become effective upon execution by all of the Parties and shall continue in force until terminated in accordance with Clause 8.2(a).

  • Effective Date of Dissolution Any dissolution of the Company shall be effective as of the date on which the event occurs giving rise to such dissolution, but the Company shall not terminate unless and until all its affairs have been wound up and its assets distributed in accordance with the provisions of the Act and the Certificate is cancelled.

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