Effective Time of Closing definition

Effective Time of Closing means 12:01 a.m., local time, on the Closing Date.
Sample 1Sample 2Sample 3
Effective Time of Closing. As defined in Section 5.01(b).
Sample 1Sample 2Sample 3
Effective Time of Closing means 5:00 p.m. Mountain Time on the Closing Date.
Sample 1Sample 2

Examples of Effective Time of Closing in a sentence

  • The parties hereby agree that the effective time (the "Effective Time") of Closing for all purposes shall be at the opening of business in New York City on the Closing Date or such other time as shall be agreed to by the parties.

  • Seller shall be responsible for that portion of the prorated taxes accrued for the period ending as of the Effective Time of Closing, and Buyer shall be responsible for that portion of the prorated taxes attributable to the period beginning as of the Effective Time of Closing.

  • All personal property taxes, if any, assessed against the Assets shall be prorated as of the Effective Time of Closing, based on the applicable tax rate of the period for which such taxes are assessed or prepaid.

  • Physical possession of and all risk of loss with respect to the Assets shall remain with Seller until the Effective Time of Closing and shall pass to Buyer at the Effective Time of Closing.

  • Seller shall vacate the Real Property at the Effective Time of Closing and to cause all parties in possession at that time to vacate except as permitted pursuant to any Scheduled Contract assigned to Petro or as otherwise set forth herein.


More Definitions of Effective Time of Closing

Effective Time of Closing means 11:59 p.m., Eastern Time, on the Closing Date, or such other time and date to which the parties may mutually agree.
Sample 1Sample 2
Effective Time of Closing. Effective Time of Closing" (or "Effective Time") shall mean 11:59 p.m. Central Time, on May 1, 1998.
Sample 1
Effective Time of Closing means 11:59 p.m., Pulaski, Virginia time, on the Closing Date.
Sample 1
Effective Time of Closing. As defined in Section 3.2.
Sample 1
Effective Time of Closing means 11:00 a.m. Eastern Time on October 1, 1997. 1.13
Sample 1
Effective Time of Closing means 12:01 a.m. Pacific Time on the Closing Date, subject to the occurrence of the Closing, provided, however, for accounting purposes the "Effective Time of Closing" shall mean 11:59 p.m. Pacific Time on February 29, 2000.
Sample 1
Effective Time of Closing means 12:01 a.m. Central Time on October 9, 2002.
Sample 1