Common use of Conditions, Effectiveness Clause in Contracts

Conditions, Effectiveness. This Amendment shall become effective as of the date first written above (the “Amendment Effective Date”) upon satisfaction of each of the following conditions: (a) The Administrative Agent shall have received counterparts to this Amendment duly executed by each Credit Party and the Required Lenders and an acknowledgment hereto by the Administrative Agent. (b) All consents, licenses and approvals required in connection with the execution, delivery and performance by each Credit Party of this Amendment shall have been received by the Borrower. On the Amendment Effective Date, without further action by any Person, the Aggregate Commitments shall be reduced from $150,000,000 to $75,000,000, such reduction to be applied the Commitments of the Lenders in accordance with their respective Pro Rata Shares.

Conditions, Effectiveness. This Amendment shall become effective as of the date first written above (the “Amendment Effective Date”) upon satisfaction of each of the following conditions: (a) The Administrative Agent shall have received counterparts to this Amendment duly executed by each Credit Party and the Required Lenders and an acknowledgment hereto by the Administrative Agent. (b) All consents, licenses and approvals required in connection with the execution, delivery and performance by each Credit Party of this Amendment shall have been received by the Borrower. On the Amendment Effective Date, without further action by any Person, the Aggregate Commitments shall be reduced from $150,000,000 75,000,000 to $75,000,00060,000,000, such reduction to be applied to the Commitments of the Lenders in accordance with their respective Pro Rata Shares.