Effective Transfer Date definition
Examples of Effective Transfer Date in a sentence
All distributions on or before the Effective Transfer Date shall be made to the transferor and all distributions thereafter shall be made to the transferee.
Any transfer of an Interest to a third party or to a Member permitted under this Section 10 shall be effective as of midnight of the last day of the calendar month in which it is made, or, at the election of a Majority-in-Interest of the remaining Members, as of 7:00 A.M. the day following the date of the transfer (the "Effective Transfer Date").
Notwithstanding anything to the contrary in this Agreement, this Agreement, and the transfer and assignment evidenced by this Agreement, will not be effective unless and until the Effective Transfer Date has occurred.
All distributions on or before the Effective Transfer Date shall be made by the transferor and all distributions thereafter shall be made to the transferee.
The effective date of a permitted Transfer of an Interest shall be no earlier than the last day of the calendar month that includes the date on which the Manager(s) had received such documentation as they shall determine in their discretion, is required pursuant to this Article IX (the "Effective Transfer Date").
The transferring Member shall cease to be, and the transferee shall become, a substituted Member as to the Interest so Transferred at such time as the Effective Transfer Date has passed.
These surveys shall be initiated during the first survey season occurring after completion of the first and sixth years following the Effective Transfer Date of the Easement.
With respect to any and all distributions made by the Liquidation Trust Administrator with respect to the Trust that have a “record date” on or after the Effective Transfer Date, the Liquidation Trust Administrator will pay such distributions with respect to the Transferred Interest to the Transferee.
The Effective Transfer Date shall be the date on which the Liquidation Trust Administrator has consented to this Agreement by duly authorizing and executing this Agreement, as such Effective Transfer Date is indicated in the signature area of this Agreement.
The Effective Transfer Date for any Transfer will be midnight of the last day of the fiscal quarter in which the Manager consents to such Transfer or the event giving rise to the Transfer occurs, in each case, subject to the terms of Section 12.1 and Section 12.2.