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"/contracts/fST8u7fQM2J#the-effective-time", "label": "Merger Agreement (Gilat Satellite Networks LTD)", "score": 31.0752906799, "published": true}, {"hash": "9xoWqWKKWSq", "uri": "/contracts/9xoWqWKKWSq#the-effective-time", "label": "Merger Agreement (Comtech Telecommunications Corp /De/)", "score": 31.0752906799, "published": true}], "size": 5, "snippet": "As soon as practicable after the determination of the date on which the Closing is to take place in accordance with Section 2.3, each of the Company and Merger Sub shall (and Parent shall cause Merger Sub to), in coordination with each other, deliver to the Registrar of Companies of the State of Israel (the \u201cCompanies Registrar\u201d) a notice of the contemplated Merger and the proposed date of the Closing, in which notice the Parties shall request that the Companies Registrar issue a certificate evidencing the Merger in accordance with Section 323(5) of the ICL (the \u201cCertificate of Merger\u201d) on the date that the Parties shall provide further notice to the Companies Registrar that the Closing has occurred, and the Parties shall deliver such further notice to the Companies Registrar on the Closing Date. The Merger shall become effective upon the issuance by the Companies Registrar of the Certificate of Merger in accordance with Section 323(5) of the ICL (the time at which the Merger becomes effective is referred to herein as the \u201cEffective Time\u201d).", "hash": "69f87e0512b4b491702d8fddc5103198", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Iht0aGUtZWZmZWN0aXZlLXRpbWUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["the-merger", "The Merger"], ["the-merger-and-related-matters", "THE MERGER AND RELATED MATTERS"], ["certain-interpretations", "Certain Interpretations"], ["certain-defined-terms", "CERTAIN DEFINED TERMS"], ["merger-and-plan-of-reorganization", "Merger and Plan of Reorganization"]], "title": "The Effective Time", "children": [["purposes", "Purposes"], ["principal-business-office", "Principal Business Office"], ["name", "Name"], ["distributions", "Distributions"], ["admission-of-additional-merger-llc-members", "Admission of Additional Merger LLC Members"]], "size": 501, "id": "the-effective-time", "related": [["merger-effective-time", "Merger Effective Time", "Merger Effective Time"], ["effective-time", "Effective Time", "Effective Time"], ["conduct-prior-to-the-effective-time", "Conduct Prior to the Effective Time", "Conduct Prior to <strong>the Effective Time</strong>"], ["effective-date-and-effective-time", "Effective Date and Effective Time", "Effective Date and Effective Time"], ["closing-and-effective-time", "Closing and Effective Time", "Closing and Effective Time"]], "related_snippets": [], "updated": "2026-05-06T04:38:42+00:00", "also_ask": ["How can the definition of 'Effective Time' be leveraged to benefit my client strategically?", "What essential elements must be included to ensure the 'Effective Time' is unambiguous and enforceable?", "What are the most common pitfalls or ambiguities in drafting the 'Effective Time' clause?", "How does the treatment of 'Effective Time' in this agreement compare to market standards or similar transactions?", "What evidence is typically required in court to prove when the 'Effective Time' occurred?"], "drafting_tip": "Specify the exact date and time of effectiveness to avoid ambiguity; reference triggering events or conditions to ensure clarity; align with related provisions to maintain consistency.", "explanation": "The Effective Time clause defines the exact moment when the rights and obligations under an agreement become legally binding on the parties. Typically, this clause specifies a particular date and time, or it may tie effectiveness to the occurrence of a specific event, such as the closing of a transaction or the satisfaction of certain conditions. By clearly establishing when the contract takes effect, this clause ensures that all parties have a mutual understanding of when their responsibilities commence, thereby preventing disputes over timing and providing certainty in the administration of the agreement."}, "json": true, "cursor": ""}}