Common use of Binding Effect; Termination Clause in Contracts

Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time on or after the Closing Date when it shall have been executed by the Borrower, the Guarantors and the Bank, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors and the Bank and their respective successors and assigns. (b) The term of this Credit Agreement shall be until no Loans or other Obligations or any other amounts payable hereunder or under any of the other Credit Documents shall remain outstanding and until all of the Commitments hereunder shall have expired or been terminated.

Appears in 2 contracts

Sources: Credit Agreement (Action Performance Companies Inc), Credit Agreement (Action Performance Companies Inc)

Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time on or after the Closing Date when it shall have been executed by Borrower and Lender, and Lender shall have received a copy hereof (telefaxed or otherwise) which bears the signature of Borrower, the Guarantors and the Bank, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors and the Bank Lender and their respective successors and assigns. (b) The term of this Credit Agreement shall be until no Loans or other the Obligations or any other amounts payable hereunder or under any of are Fully Satisfied. This Credit Agreement shall terminate immediately when the other Credit Documents shall remain outstanding and until all of the Commitments hereunder shall have expired or been terminatedObligations are Fully Satisfied.

Appears in 1 contract

Sources: Credit Agreement (Immucor Inc)

Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time on or after the Closing Date when it shall have been executed by the Borrower, the Guarantors Fund and the Bank, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors Fund and the Bank and their respective successors and assigns. (b) The term of this Credit Agreement shall be until no Loans or other Obligations or any other amounts payable hereunder or under any of the other Credit Documents shall remain outstanding and until all of the Commitments Borrower Obligations then outstanding have been irrevocably satisfied in full and the Commitment hereunder shall have expired or been terminated.

Appears in 1 contract

Sources: Credit Agreement (Cluett American Corp)

Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time on or after the Closing Date when it shall have been executed by the Borrower, the Guarantors and the Bank, and the Bank shall have received copies hereof (telefaxed or otherwise) and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors and the Bank and their respective successors and assigns. (b) The term of this Credit Agreement shall be until no Loans or other Obligations Advances or any other amounts payable hereunder or under any of the other Credit Documents shall remain outstanding and until all of the Commitments hereunder shall have expired or been terminated.

Appears in 1 contract

Sources: Credit Agreement (Amcomp Inc /Fl)