Commencement Date of the Agreement Definition | Law Insider (2024)

  • Commencement Date or Handover Date means the date on which the Licensed Space of first lot of stations as per Annexure 1 is handed over by DMRC to the Selected Bidder, in accordance with the terms of this agreement.

  • Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • Effective Date of Contract means the date established in the Contract for the Contractor’s work to begin, or the date the Contract has been fully executed and received all required approvals, whichever date is later.

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Commencement Date means the date of this Agreement.

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Lease Termination Date means the last day of the Lease Term.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Offering Commencement Date means the first day of each Offering Period.

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Third Amendment Date means June 23, 2020.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Effective Date of Termination means the date on which a Qualifying Termination occurs, as provided in Section 2.2 herein, which triggers the payment of Severance Benefits hereunder.

  • Second Amendment Date means the date of the Second Amendment.

  • First Amendment Date means February 21, 2019.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Date of Agreement as used herein shall be the date when by execution and delivery (as defined in paragraph 20.2) of this document or a subsequent counteroffer thereto, Xxxxx and Seller have reached agreement in writing whereby Seller agrees to sell, and Xxxxx agrees to purchase, the Property upon terms accepted by both Parties.

  • Term Start Date has the meaning set forth in Section 1.01.

  • Commencement Date of the Agreement Definition | Law Insider (2024)

    FAQs

    Commencement Date of the Agreement Definition | Law Insider? ›

    Commencement of Agreement . ' means the date the Agreement becomes operational after it is approved by the Fair Work Commission. Sample 1. Commencement of Agreement means the date of signing of Agreement.

    What is the meaning of commencement date of agreement? ›

    A commencement date in a contract refers to the date or time when the contract or legal agreement goes into effect and legally binds the parties involved.

    What does a commencement date mean? ›

    A commencement date is the date on which an agreement, contract, or policy comes into effect. It is also known as an effective date or start date. The purpose of a commencement date is to establish when the terms of an agreement begin to be binding on the parties involved.

    What is lease commencement date law insider? ›

    The “Commencement Date” shall mean the date that Landlord shall have delivered possession of the Leased Premises to Tenant in broom clean condition with the Landlord's Work and the Tenant Improvements within the Leased Premises Substantially Completed.

    What is the commencement date clause of an agreement? ›

    A commencement date is defined as the date that a contract or legal agreement becomes effective. In other words, a commencement date marks the point at which a contract officially begins and binds the parties involved.

    How do you determine the date of commencement? ›

    The date of commencement of a business depends on the facts of each case. Based on principles drawn from case laws, it is only when the business has established its profit-making structure and started its first commercial activity that it can be regarded as having commenced operation.

    What is the difference between commencement date and contract date? ›

    The effective date is often the day the contract is signed, though not always — it can be set to a future or past date with mutual agreement. However, it's the commencement date that tells the parties when to roll up their sleeves and get to work.

    What is the meaning of commencement date in court? ›

    A pre-specified date like 30 March 2020, or an unspecified date like the date that the last Party signed the Contract. This date is used to indicate when a Contract became or becomes operational.

    What is a commencement in law? ›

    Commencement of action is the initiation of a legal proceeding; the time at which the judicial or administrative process begins. Typically, this process is initiated with the filing of a formal complaint. [Last updated in June of 2021 by the Wex Definitions Team]

    What does expected commencement date mean? ›

    Estimated Commencement Date means the estimated date of when the Company envisages that it will perform the Services. “

    What is the commencement date of the lease? ›

    Lease Commencement Date: The lease commencement date refers to the specific date when the lease term begins, and the tenant takes possession of the leased property. It marks the start of the tenant's occupancy and the landlord's obligation to provide possession.

    What is the definition of commencement date ASC 842? ›

    In the ASC 842 glossary, it defines the commencement date as: The date on which a lessor makes an underlying asset available for use by a lessee.

    What does a lessee Recognise at the commencement date? ›

    22 At the commencement date, a lessee shall recognise a right-of- use asset and a lease liability.

    What is the difference between start date and commencement date? ›

    While the start date, move-in date, rent commencement date or commencement date may signify the date when various aspects of the agreement come into effect, the Lease Commencement Date is the date when possession or control of the leased asset is transferred from the lessor to the lessee.

    What is the commencement clause of an agreement? ›

    It is commonly used in the context of commercial contracts to indicate the official start date or initiation of a project or business relationship. Commencement clauses are often included in contracts to establish the specific conditions and requirements for the commencement of the contractual obligations.

    What is the commencement of this agreement? ›

    This agreement comes into force from the date of signature by both the parties and is valid until further notice unless revoked by either party. This agreement is signed in two copies in English, one for each Party of the agreement. Both copies have equal legal force.

    Does commencement mean start or end? ›

    A commencement is the act of starting out, or blazing a new trail. The suffix -ment makes the word commencement a noun — a thing, an activity, a start. The word can be used for the beginning of anything, from a business meeting to a vacation trip to a marriage. Anything that begins has a moment of commencement.

    Top Articles
    Latest Posts
    Recommended Articles
    Article information

    Author: Arline Emard IV

    Last Updated:

    Views: 5703

    Rating: 4.1 / 5 (72 voted)

    Reviews: 95% of readers found this page helpful

    Author information

    Name: Arline Emard IV

    Birthday: 1996-07-10

    Address: 8912 Hintz Shore, West Louie, AZ 69363-0747

    Phone: +13454700762376

    Job: Administration Technician

    Hobby: Paintball, Horseback riding, Cycling, Running, Macrame, Playing musical instruments, Soapmaking

    Introduction: My name is Arline Emard IV, I am a cheerful, gorgeous, colorful, joyous, excited, super, inquisitive person who loves writing and wants to share my knowledge and understanding with you.