Common use of Binding Effect; Effectiveness Clause in Contracts

Binding Effect; Effectiveness. (a) This Agreement shall become binding when this Agreement shall have been executed by the Borrower and the Agents and when the Administrative Agent shall have received copies thereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the Borrower, each Issuing Bank, the Agents and each Lender and their respective permitted successors and assigns. (b) Until the Third Amendment Effective Date, the Second Amended and Restated Credit Agreement shall remain in full force and effect. On the Third Amendment Effective Date, provided that the Third Amendment Effective Date occurs on or prior to the date specified in the last paragraph of Section 4.01, the Second Amended and Restated Credit Agreement shall be deemed amended by this Agreement and shall be superseded in all respects by this Agreement.