New Effective Date Sample Clauses
The "New Effective Date" clause establishes a revised date on which the terms of an agreement or contract become operative, replacing any previously stated effective date. This clause is typically used when parties agree to delay the commencement of their obligations or when amendments necessitate a new starting point for the contract. By clearly specifying the updated effective date, the clause ensures that all parties are aligned on when their rights and responsibilities begin, thereby preventing confusion or disputes regarding the timing of contractual obligations.
New Effective Date. The Parties intend and agree that the amended effective date of this Agreement should be December 7, 2020 May 11, 2022 (the amended “Effective Date”).
New Effective Date. The agreement of the Lenders and the other Creditor Parties contained in Clauses 2.1 and 2.2 shall have effect on and from the New Effective Date.
New Effective Date. If all the conditions set forth in Articles 3.1, 28.1, 28.2 and 28.3 hereof have not been satisfied as of 30th September, 1992, the parties hereto shall meet and endeavour to agree a new effective date; if no agreement is reached on or before 31st December, 1992, this Agreement shall, subject to Article 15.1, be declared automatically cancelled (except as required in respect of Article 15.1) and the parties shall have no liability with respect to each other except as provided in Article 15.1.
New Effective Date. The New Effective Date for the Tranche B-3 Term Loan Commitments shall be the date on which the conditions set forth in Section 11 hereof are first satisfied or waived, which date is April 26, 2013.
New Effective Date. The Parties hereto hereby agree that the effective date of this Amended and Restated Agreement is the New Effective Date, which is February 23, 2006.