Effective Day Sample Clauses
The "Effective Day" clause defines the specific date on which the terms and obligations of an agreement become legally binding for all parties involved. Typically, this clause will state whether the agreement is effective upon signing, on a predetermined future date, or upon the occurrence of a particular event. By clearly establishing when the contract takes effect, the clause ensures that all parties have a mutual understanding of when their rights and responsibilities commence, thereby preventing confusion or disputes regarding the start of contractual obligations.
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Effective Day. This agreement shall be in effect on the date on which the last party hereto signs this Agreement.
Effective Day. 5.1 This Agreement shall come into effect after it is legally executed by both Parties.
Effective Day. 3.1 The equity transfer shall come into effect on the date when all the following conditions are satisfied Such date is the Effective Day:
(1) This Agreement is duly and effectively executed by Party A and Party B;
(2) The Target Company’s shareholders meetings have passed relevant resolutions approving the equity transfer as contemplated herein and Party B’s holding Transferred Equity Interest;
(3) The Target Company’s articles of association has been lawfully and appropriately amended so as to reflect the equity transfer as contemplated herein and reflect Party B as the shareholder of the 51% equity interest of the Target Company; and
(4) The Target Company has delivered applications to the applicable authorities of industrial and commercial registrations for the shareholder’s title change so as to register Party B as the shareholder of the 51% equity interest of the Target Company.
3.2 After the execution of this Agreement, each Party, based on the principle of good faith, shall make its best efforts to take all actions necessary for making the equity transfer hereunder come to effect, including but not limited to executing and urging certain third parties to sign any documents or applications, or obtaining any relevant approvals, consents or permits, as well as making relevant filings and announcements.
Effective Day. This Agreement shall come into effect on the Completion Date.
Effective Day. Interval from One Step to the Next ....................................... ..... Promotional ...................................................................................... ...