CONDITION TO EFFECTIVENESS OF THIS FIRST AMENDMENT. The effectiveness of this First Amendment is subject to satisfaction, in the Administrative Agent’s sole discretion, of each of the following conditions precedent (the date on which all such conditions precedent are so satisfied (except those that may be satisfied at a later date) shall be the “Effective Date”): 2.1
CONDITION TO EFFECTIVENESS OF THIS FIRST AMENDMENT. Section 3.1. This First Amendment shall not become effective until, and shall become effective when, executed counterparts of this First Amendment, duly executed by the Company and the holders of at least 51% of the outstanding principal of the Notes, shall have been delivered to the Noteholders.
CONDITION TO EFFECTIVENESS OF THIS FIRST AMENDMENT. 2.1 This First Amendment shall not become effective until, and shall become effective when, MML shall have received evidence satisfactory to MML that any defaults under the Revolving Loan and Security Agreement by and between Firstar Bank Milwaukee, NA through its Financial Lender Division ("Agent"), as Agent on behalf of itself and each Lender, and Trak International, Inc. dated August 16, 1995 have been waived pursuant to the Letter Agreement from Firstar Bank Milwaukee, W.A. dated July 18, 1996 and that all conditions to the effectiveness of such waiver have been fulfilled.
CONDITION TO EFFECTIVENESS OF THIS FIRST AMENDMENT. 3.1. This First Amendment shall become effective and binding upon the Company and the Noteholders' acceptance in the space(s) below and upon the satisfaction in full of each of the following conditions:
