Common use of BENEFIT OF CONDITIONS PRECEDENT Clause in Contracts

BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 are for the sole benefit of each Agent and each Lender and may be waived by the Administrative Agent, in whole or in part, without prejudice to any Agent or any Lender. No document shall be deemed delivered to the Administrative Agent, the Collateral Agent, or any Lender until received and accepted by the Administrative Agent at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Administrative Agent at said offices.

Appears in 3 contracts

Samples: Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)

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BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 are for the sole benefit of each Agent the Administrative Agent, the Issuer and each Lender and may be waived by the Administrative Agent, Agent in whole or in part, part without prejudice to any Agent the Administrative Agent, the Issuer or any Lender. No document shall be deemed delivered to the Administrative Agent, the Collateral Agent, Agent or any Lender until received and accepted by the Administrative Agent at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Administrative Agent at said offices.

Appears in 2 contracts

Samples: Loan and Security Agreement (Shopko Stores Inc), Loan and Security Agreement (Shopko Stores Inc)

BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 are for the sole benefit of each Agent and each Revolving Credit Lender and may be waived by the Administrative Agent, in whole or in part, without prejudice to any Agent or any Revolving Credit Lender. No document shall be deemed delivered to the Administrative Agent, the Collateral Agent, or any Revolving Credit Lender until received and accepted by the Administrative Agent at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Administrative Agent at said offices.

Appears in 2 contracts

Samples: Revolving Credit Note (Casual Male Retail Group Inc), Revolving Credit Note (Casual Male Retail Group Inc)

BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 are for the sole benefit of each the Administrative Agent and each Revolving Credit Lender and may be waived by the Administrative Agent, Agent in whole or in part, part without prejudice to any the Administrative Agent or any Revolving Credit Lender. No document shall be deemed delivered to the Administrative Agent, the Collateral Agent, Agent or any Revolving Credit Lender until received and accepted by the Administrative Agent at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Administrative Agent at said offices.

Appears in 2 contracts

Samples: Officemax Inc /Oh/, Claires Stores Inc

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BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 4: are for the sole benefit of each Agent and each Lender and may be waived by the Administrative Agent, Agent in whole or in part, part without prejudice to any Agent or any Lender. No document shall be deemed delivered to the Administrative Agent, the Collateral Agent, the Term Lender or any Revolving Credit Lender until received and accepted by the Administrative Agent at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Administrative Agent at said offices.

Appears in 1 contract

Samples: Security Agreement (Homebase Inc)

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