Conditions to Amendment Effective Date Clause Samples
The "Conditions to Amendment Effective Date" clause defines the specific requirements that must be satisfied before an amendment to an agreement becomes legally effective. Typically, this clause lists actions such as obtaining necessary approvals, delivering executed documents, or fulfilling certain obligations by the parties involved. Its core practical function is to ensure that all parties meet agreed-upon prerequisites, thereby preventing the amendment from taking effect prematurely and safeguarding the interests of those involved.
Conditions to Amendment Effective Date. This Amendment shall become effective upon the date (the “Amendment Effective Date”) when the following conditions are satisfied:
Conditions to Amendment Effective Date. This Agreement shall become effective on the Amendment Effective Date and enforceable against the parties hereto upon the occurrence of the following conditions which may occur prior to or concurrently with the closing of this Agreement:
Conditions to Amendment Effective Date. This Amendment shall become effective as of the date hereof (the “Amendment Effective Date”) upon satisfaction of the following conditions precedent: (a) the Administrative Agent shall have received, from each of the Borrower, the Administrative Agent and Lenders under the Existing Credit Agreement as of the Amendment Effective Date, a counterpart of this Amendment, signed on behalf of such party; and (b) the Administrative Agent shall have received payment of all fees and other amounts due and payable on or prior to the Amendment Effective Date, including the Administrative Agent’s and its affiliates’ reasonable out-of-pocket expenses (including reasonable out-of-pocket fees and expenses of counsel for the Administrative Agent) in connection with this Amendment in accordance with Section 9.03(a)
Conditions to Amendment Effective Date. This Amendment shall become effective and the Fourth Amendment Effective Date shall occur upon completion of each of the following conditions to the reasonable satisfaction of each of LaSalle and Bank One:
Conditions to Amendment Effective Date. The amendments and the Commitment Increase set forth in ARTICLE I shall become effective as of the date (the “Amendment Effective Date”) when, and only when, each of the following conditions precedent shall have been satisfied:
(a) The Agent shall have received an executed counterpart of this Amendment from each Borrower, Lenders comprising the Majority Lenders, each Increasing Lender and the New Lender.
(b) The Agent shall have received a Note for each Increasing Lender or New Lender requesting the same pursuant to Section 2.16 of the Credit Agreement, payable to the order of each such Lender, dated as of the Amendment Effective Date and duly completed and executed by each Borrower.
(c) The Agent shall have received in form and substance reasonably satisfactory to the Agent:
(i) a certificate (the statements contained in which shall be true) from a duly authorized officer of each Borrower to the effect that (A) all representations and warranties of such Borrower contained in this Amendment, the Credit Agreement and the other Loan Documents are true, correct and complete in all material respects (except to the extent any such representation and warranty is qualified by materiality or reference to Material Adverse Effect, in which case, such representation and warranty shall be true, correct and complete in all respects) on and as of the Amendment Effective Date after giving effect to this Amendment; (B) immediately before and after giving effect to this Amendment and the transactions contemplated hereby (including, without limitation, the Commitment Increase), no Unmatured Default or Event of Default has occurred and is continuing; and (C) the Borrower has satisfied each of the conditions set forth in this Section 3.1;
(ii) a certificate of the Secretary or Assistant Secretary of each Borrower certifying as to the incumbency and genuineness of the signature of each officer of the Borrower executing Loan Documents to which it is a party and certifying that attached thereto is a true, correct and complete copy of (A) the articles or certificate of organization of such Borrower and all amendments thereto, certified as of a recent date by the appropriate Governmental Authority in its jurisdiction of organization, (B) the bylaws of such Borrower as in effect on the Amendment Effective Date and (C) resolutions duly adopted by the board of directors (or other governing body) of such Borrower authorizing and approving the transactions contemplated hereunder and th...
Conditions to Amendment Effective Date. This Reimbursement and Pledge Agreement shall be and become effective on the date that the following conditions precedent have been satisfied:
Conditions to Amendment Effective Date. The occurrence of the Amendment Effective Date is subject to satisfaction of the conditions set forth in the Amendment.
Conditions to Amendment Effective Date. This Amendment shall become effective as of the date hereof (the “Amendment Effective Date”) upon satisfaction (or waiver in accordance with Section 9.02 of the Existing Credit Agreement) of the following conditions precedent:
(a) ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Senior Funding, Inc., as arranger of this Amendment (in such capacity the “Amendment Arranger”) (or its counsel) shall have received, from each of the Company, the Administrative Agent and Lenders that in the aggregate constitute the Required Lenders under the Existing Credit Agreement as of the Amendment Effective Date, a counterpart of this Amendment, signed on behalf of such party (which may include facsimile or other electronic transmission of a signed signature page of this Amendment);
(b) the Amendment Arranger shall have received from the Company: (i) resolutions and other evidence of authority authorizing this Amendment and the other transactions contemplated hereby and by the Amended Credit Agreement, (ii) a short-form good standing certificate or the equivalent, if any, in the jurisdiction of organization of the Company and (iii) a certificate of the Secretary or Assistant Secretary of the Company certifying the names and true signatures of the officers of the Company authorized to sign this Amendment and the other Loan Documents and attaching such Person’s certificate of incorporation and bylaws or other equivalent organizational documents;
(c) the Amendment Arranger shall have received, at least three (3) Business Days prior to the Amendment Effective Date, solely in respect of the Company and any Foreign Subsidiary Borrower, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the PATRIOT Act, to the extent reasonably requested by any Lender seven (7) Business Days prior to the Amendment Effective Date;
(d) the Amendment Arranger shall have received a certificate, dated the Amendment Effective Date and signed on behalf of the Company by the President, a Vice President or a Financial Officer of the Company, certifying as to the items set forth in Section 3 as of the Amendment Effective Date; and
(e) the Amendment Arranger shall have received, or substantially concurrently with the Amendment Effective Date shall receive, all expenses required to be paid by the applicable Loan Parties on the Amendment Effective Date under the Existing Credit Agreement or the amended a...
Conditions to Amendment Effective Date. This Amendment shall become effective upon the date the Holders shall have received counterparts of this Amendment duly executed and delivered by the Company and the other Holders.
Conditions to Amendment Effective Date. This Amendment shall become effective on the date (the “Third Amendment Effective Date”) on which the Administrative Agent (or its counsel) shall have received counterparts of this Amendment from the Lenders that, at a minimum, collectively represent the Super Majority Lenders and the Borrowers.