Common use of Effectiveness of this First Amendment Clause in Contracts

Effectiveness of this First Amendment. This First Amendment shall become effective as of the date hereof when, and only when, Bank shall have received all of the following, in form and substance satisfactory to Bank: (a) A counterpart of this First Amendment, duly executed by Borrower: (b) A replacement Revolving Note, on Bank’s standard form therefor, in the principal amount of Thirty-Five Million Dollars ($35,000,000), duly executed by Borrower; (c) An Authorization to Disburse, on Bank’s standard form therefor, duly executed by Borrower, authorizing Bank to disburse the proceeds of advances under the replacement Revolving Note as provided for in the Agreement, as amended hereby; (d) A legal documentation fee in the sum of Three Hundred Dollars ($300), which legal documentation fee shall be non-refundable; and (e) Such other documents, instruments or agreements as Bank may reasonably deem necessary in order to effect fully the purposes of this First Amendment.

Effectiveness of this First Amendment. This First Amendment shall --------------------------------------- become effective as of the date hereof when, and only when, Bank shall have received all of the following, in form and substance satisfactory to Bank: (a) A counterpart of this First Amendment, duly executed by Borrower:; (b) A replacement Revolving Note, on Bank’s standard form thereforNote (Base Rate), in the principal amount of ThirtyTwenty-Five Million Dollars ($35,000,00025,000,000.00), duly executed by Borrower; (c) An Authorization to Disburse, on Bank’s 's standard form therefor, duly executed by Borrower, authorizing Bank to disburse the proceeds of advances under the replacement Revolving Note loans as provided for in the Agreement, as amended hereby; (d) A legal documentation fee in the sum of Three Hundred Dollars ($300)An Authorization to Obtain Credit, which legal documentation fee shall be non-refundable; andGrant Security, Guarantee or Subordinate, on Bank's standard form therefor, duly executed by Borrower; (e) Such other documents, instruments or agreements as Bank may reasonably deem necessary in order to effect fully the purposes of this First Amendment.