Effective Date Report Clause Samples
The Effective Date Report clause establishes the requirement for a formal report specifying the date on which an agreement or its provisions become operative. In practice, this clause obligates one party—often the service provider or project manager—to prepare and deliver a document confirming the effective date, which may be triggered by the completion of certain conditions or mutual agreement. Its core function is to ensure both parties have a clear, documented understanding of when contractual obligations commence, thereby reducing ambiguity and potential disputes regarding the start of responsibilities.
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Effective Date Report. The Issuer shall compile and make available (or cause to be compiled and made available) to S&P the Effective Date Report based solely on information contained in the Monthly Reports or provided by the Collateral Manager to the Collateral Administrator. The Collateral Manager shall cooperate with the Issuer and the Collateral Administrator in connection with the preparation of the Effective Date Report. Without limiting the generality of the foregoing, the Collateral Manager shall supply in a timely fashion any information maintained by it that the Issuer and the Collateral Administrator may from time to time request with respect to the Assets and reasonably need to complete the Effective Date Report or required to permit the Issuer and the Collateral Administrator to perform their obligations hereunder. The Collateral Manager shall review and verify the contents of the aforesaid reports, instructions, statements and certificates and shall send such reports, instructions, statements and certificates to the Issuer for execution.
Effective Date Report. The Issuer shall compile (or cause the Collateral Administrator to compile) and make available to S&P the Effective Date Report based solely on information contained in the Monthly Reports or provided by the Collateral Manager to the Collateral Administrator. The Collateral Manager shall cooperate with the Collateral Administrator in connection with the preparation of the Effective Date Report. Without limiting the generality of the foregoing, the Collateral Manager shall supply in a timely fashion any information maintained by it that the Collateral Administrator may from time to time request with respect to the Assets and reasonably need to complete the Effective Date Report or required to permit the Issuer to perform its obligations hereunder. The Collateral Manager shall review and verify the contents of the aforesaid reports, instructions, statements and certificates and shall send such reports, instructions, statements and certificates to the Issuer for execution.
Effective Date Report. The Trustee shall compile and make available to each Rating Agency the Effective Date Report based solely on information contained in the Monthly Reports or provided by the Collateral Manager to the Trustee. The Collateral Manager shall cooperate with the Trustee in connection with the preparation of the Effective Date Report. Without limiting the generality of the foregoing, the Collateral Manager shall supply in a timely fashion any information maintained by it that the Trustee may from time to time request with respect to the Collateral and reasonably need to complete the Effective Date Report or required to permit the Trustee to perform its obligations hereunder. The Collateral Manager shall review and verify the contents of the aforesaid reports, instructions, statements and certificates and shall send such reports, instructions, statements and certificates to the Issuer for execution.
Effective Date Report. Section 2.05(a) Effective Time ................................................................. Section 1.02 Engineer........................................................................ Section 2.05(b) Environmental Claims............................................................ Section 3.20(d) Environmental Laws ............................................................. Section 3.20(d) Environmental Permits .......................................................... Section 3.20(d) ERISA .......................................................................... Section 3.17(a) Escrow Agreement ...............................................................
Effective Date Report. As soon as practicable, and in any event within 30 days after the Closing Date, Seller shall prepare, or shall cause to be prepared, and deliver to Purchaser a list and aggregate balance of Seller’s accounts receivable as of the close of business on the Effective Date, together with a calculation of Net Cash (the “Effective Date Report”). For purposes of this Agreement, “Net Cash” shall be an amount equal to (i) Seller’s cash on hand at the Effective Date less (ii) Seller’s cash on hand at the Closing Date plus (iii) any cash payments made by Seller between the Effective Date and the Closing Date with respect to expenses or obligations accruing or relating to periods ending on or prior to the Effective Date. The Effective Date Report shall set forth Seller’s determination and calculation of Seller’s aggregate accounts receivable, as of the close of business on the Effective Date (the “Determination Date”), as finally determined pursuant to this Section 2.5 (the “Final Accounts Receivable Amount”) and the Net Cash, as finally determined pursuant to this Section 2.5 (the “Final Net Cash Amount”). Seller will make available to Purchaser and its accountant and representatives all supporting business records used in preparing the calculation of the Effective Date Report, the Final Accounts Receivable Amount and the Net Cash.