Effective Time definition: Copy, customize, and use instantly
Introduction
The term "Effective Time" refers to the specific point in time when an agreement, action, or transaction becomes legally binding or operational. It is essential for clarifying the exact moment when rights, obligations, or provisions take effect under a contract.
Below are various examples of how "Effective Time" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Effective Time" as the transaction completion moment
This definition ties "Effective Time" to the completion of a transaction.
"Effective Time" means the precise moment when the transaction contemplated in this agreement is completed, as specified in the closing documents.
Definition of "Effective Time" as a legally binding timestamp
This definition connects "Effective Time" to the moment an agreement becomes legally binding.
"Effective Time" refers to the time and date when this agreement is executed and becomes legally binding upon the parties.
Definition of "Effective Time" as the start of contractual obligations
This definition links "Effective Time" to the commencement of obligations.
"Effective Time" means the point in time at which the rights, duties, and obligations outlined in this agreement commence, as indicated herein.
Definition of "Effective Time" as a regulatory approval milestone
This definition applies "Effective Time" to regulatory approval.
"Effective Time" refers to the time and date when all required regulatory approvals for this agreement or transaction have been obtained and conditions precedent are satisfied.
Definition of "Effective Time" as determined by mutual agreement
This definition ties "Effective Time" to a mutually agreed point.
"Effective Time" means the time mutually agreed upon by the parties in writing, at which this agreement takes full effect.
Definition of "Effective Time" as the document execution moment
This definition ties "Effective Time" to the signing of a document.
"Effective Time" means the exact time and date when all parties have executed this agreement, rendering it enforceable under its terms.
Definition of "Effective Time" as a predetermined start point
This definition connects "Effective Time" to a specified start time.
"Effective Time" refers to the specific time and date stipulated in this agreement as the start of its applicability and enforcement.
Definition of "Effective Time" as the occurrence of a triggering event
This definition links "Effective Time" to the occurrence of a triggering event.
"Effective Time" means the time at which a specified triggering event or condition, as outlined in this agreement, has occurred, making the provisions operational.
Definition of "Effective Time" as certified by a closing statement
This definition applies "Effective Time" to the issuance of a closing statement.
"Effective Time" refers to the time specified in the closing statement, confirming the completion of all necessary actions and conditions precedent under this agreement.
Definition of "Effective Time" as the commencement of operational control
This definition ties "Effective Time" to the start of operational authority.
"Effective Time" means the point in time when operational control, rights, or responsibilities under this agreement are transferred to the relevant party.
Definition of "Effective Time" as determined by a filing or registration
This definition connects "Effective Time" to official filings.
"Effective Time" refers to the time and date recorded upon the acceptance of a required filing or registration with a governmental or regulatory authority.
Definition of "Effective Time" as synchronized with time zones
This definition links "Effective Time" to a specific time zone.
"Effective Time" means the designated time and date specified in this agreement, adjusted to the time zone applicable to the governing law or jurisdiction.
Definition of "Effective Time" as contingent on condition satisfaction
This definition applies "Effective Time" to the satisfaction of conditions.
"Effective Time" refers to the time when all conditions precedent outlined in this agreement are fulfilled or waived, activating the terms of the agreement.
Definition of "Effective Time" as set by a mutually agreed schedule
This definition ties "Effective Time" to a predefined schedule.
"Effective Time" means the time established by a mutually agreed schedule or timeline appended to this agreement, marking the commencement of its provisions.
Definition of "Effective Time" as noted in official correspondence
This definition connects "Effective Time" to official communications.
"Effective Time" refers to the time specified in official correspondence between the parties, confirming the activation of this agreement or its provisions.
Definition of "Effective Time" as the activation of legal rights
This definition ties "Effective Time" to the point at which legal rights become enforceable.
"Effective Time" means the specific moment when the legal rights and remedies outlined in this agreement become fully enforceable by the parties.
Definition of "Effective Time" as determined by court approval
This definition connects "Effective Time" to judicial approval.
"Effective Time" refers to the time and date when a court of competent jurisdiction approves the terms of this agreement or transaction.
Definition of "Effective Time" as recorded in operational logs
This definition links "Effective Time" to operational tracking.
"Effective Time" means the time documented in the operational logs or records of the parties as the commencement of the activities outlined in this agreement.
Definition of "Effective Time" as dependent on notice delivery
This definition applies "Effective Time" to the delivery of a required notice.
"Effective Time" refers to the time and date when a notice required under this agreement is delivered or deemed delivered as specified in the terms.
Definition of "Effective Time" as the agreed start of benefits
This definition ties "Effective Time" to the initiation of benefits.
"Effective Time" means the specific time and date when the benefits, entitlements, or services under this agreement become available to the relevant parties.
Definition of "Effective Time" as triggered by event certification
This definition connects "Effective Time" to a certified event.
"Effective Time" refers to the time certified by an authorized party or document confirming that all triggering events outlined in this agreement have occurred.
Definition of "Effective Time" as aligned with financial settlements
This definition links "Effective Time" to financial transactions.
"Effective Time" means the time and date at which financial settlements or transactions under this agreement are initiated or completed.
Definition of "Effective Time" as established by mutual confirmation
This definition applies "Effective Time" to mutual acknowledgment.
"Effective Time" refers to the time confirmed mutually by all parties to this agreement as the moment it takes effect.
Definition of "Effective Time" as specified in escrow release
This definition ties "Effective Time" to the release of escrowed items.
"Effective Time" means the moment when escrowed funds, documents, or assets are released as stipulated in this agreement.
Definition of "Effective Time" as the beginning of compliance obligations
This definition connects "Effective Time" to regulatory compliance.
"Effective Time" refers to the specific moment when compliance with the terms, conditions, or regulatory requirements of this agreement begins.
Definition of "Effective Time" as the acknowledgment of contract execution
This definition ties "Effective Time" to the recognition of contract execution.
"Effective Time" means the exact moment when all parties acknowledge the execution of this agreement, rendering its terms enforceable.
Definition of "Effective Time" as the start of operational responsibilities
This definition connects "Effective Time" to the assumption of responsibilities.
"Effective Time" refers to the point in time when operational duties and responsibilities as outlined in this agreement are assumed by the relevant parties.
Definition of "Effective Time" as the culmination of negotiation terms
This definition links "Effective Time" to the conclusion of negotiations.
"Effective Time" means the moment when the negotiated terms of this agreement are finalized and agreed upon by all parties.
Definition of "Effective Time" as determined by signed consent
This definition applies "Effective Time" to the receipt of required consents.
"Effective Time" refers to the time at which all necessary consents, waivers, or approvals from the parties or third parties are received, activating the agreement.
Definition of "Effective Time" as initiated by electronic confirmation
This definition ties "Effective Time" to electronic confirmations.
"Effective Time" means the time and date confirmed electronically by the parties, marking the start of the agreement’s enforceability.
Definition of "Effective Time" as specified in a project schedule
This definition connects "Effective Time" to project timelines.
"Effective Time" refers to the specific point in the project schedule identified as the official start of the agreement’s provisions or activities.
Definition of "Effective Time" as the start of jurisdictional authority
This definition links "Effective Time" to jurisdictional recognition.
"Effective Time" means the moment when jurisdictional or regulatory authority acknowledges and approves the enforcement of this agreement.
Definition of "Effective Time" as the issuance of a compliance certificate
This definition applies "Effective Time" to certification processes.
"Effective Time" refers to the time and date when a compliance certificate is issued, verifying that all preconditions for the agreement have been satisfied.
Definition of "Effective Time" as contingent upon funding receipt
This definition ties "Effective Time" to financial prerequisites.
"Effective Time" means the moment when all required funding or financial contributions are received, enabling the provisions of the agreement to take effect.
Definition of "Effective Time" as recorded in transaction completion documentation
This definition connects "Effective Time" to formal transaction records.
"Effective Time" refers to the time documented in the transaction completion records, signifying the agreement’s activation or the transaction’s finalization.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.