Common use of Binding Effect; Continuing Agreement Clause in Contracts

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns.

Appears in 8 contracts

Samples: Bridge Credit Agreement (Quest Diagnostics Inc), Interim Credit Agreement (Quest Diagnostics Inc), Bridge Credit Agreement (Orthodontic Centers of America Inc /De/)

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Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower, the Guarantors Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns.

Appears in 7 contracts

Samples: Credit Agreement (PNM Resources Inc), Term Loan Credit Agreement (Texas New Mexico Power Co), Credit Agreement (PNM Resources Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when as all of the conditions set forth in Section 5.1 5.01 have been satisfied or waived by in the sole discretion of the Lenders and it shall have been executed by the Borrower, the Guarantors Administrative Agent and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each LenderLenders, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the GuarantorsAdministrative Agent, the Administrative Agent and each Lender Lenders and their respective successors and assigns.

Appears in 6 contracts

Samples: Credit Agreement (Baker Hughes Inc), Credit Agreement (Baker Hughes Inc), Credit Agreement (Baker Hughes Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns. Upon this Credit Agreement becoming effective, the Prior Credit Agreement shall be deemed terminated and the lenders party to the Prior Credit Agreement shall no longer have any obligations thereunder.

Appears in 2 contracts

Samples: Credit Agreement (Maxim Group Inc /), Credit Agreement (Maxim Group Inc /)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed and delivered by the Borrower, the Guarantors Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed faxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns.

Appears in 2 contracts

Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns.

Appears in 2 contracts

Samples: Credit Agreement (Maxim Group Inc /), Security Agreement (Packaging Dynamics Corp)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower, the Guarantors Company and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the GuarantorsBorrowers, the Administrative Agent and each Lender and their respective successors and assigns.

Appears in 2 contracts

Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) 107 which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns.

Appears in 2 contracts

Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by Administrative Agent (with the Borrower, consent of the Guarantors and the Administrative Agent, Required Lenders) and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each LenderBorrower, the Guarantors and the Lenders, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent Agents and each Lender and their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Ryans Family Steakhouses Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed and delivered by the Borrower, the Guarantors Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed faxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns.. 122 [[5731659]]

Appears in 1 contract

Samples: Credit Agreement (Quest Diagnostics Inc)

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Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by Administrative Agent (with the Borrower, consent of the Guarantors and the Administrative Agent, Required Lenders) and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lenderthe Borrowers, the Guarantors and the Lenders, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the BorrowerBorrowers, the Guarantors, the Administrative Agent Agents and each Lender and their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Ryans Restaurant Group Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower, the Guarantors and Companyand the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the GuarantorsBorrowers, the Administrative Agent and each Lender and their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (PNM Resources Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders Administrative Agent (with the consent of the Required Lenders) and it shall have been executed by the Borrower, the Guarantors and the Administrative AgentAgents, and the Administrative Agent Agents shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent Agents and each Lender and their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the BorrowerBorrowers, the Guarantors and the Administrative AgentAgents, and the Administrative Agent Agents shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the BorrowerBorrowers, the Guarantors, the Administrative Agent Agents and each Lender and their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Gerber Childrenswear Inc)

Binding Effect; Continuing Agreement. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received 84 copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Orthodontic Centers of America Inc /De/)

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