Conditions Precedent to Effectiveness on the Closing Date Sample Clauses

Conditions Precedent to Effectiveness on the Closing Date. The effectiveness of this Agreement on the Closing Date shall be subject to the prior or concurrent satisfaction of the Required Backstop Parties of each of the conditions precedent set forth in this Section 6 (or waiver thereof in accordance with Section 14.1).
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Conditions Precedent to Effectiveness on the Closing Date. This Amendment shall become effective when, and only when, the Lender shall have
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Conditions Precedent to Effectiveness on the Closing Date. The closing of the 1L Exit Facility shall be subject to customary conditions precedent for transactions of this nature substantially identical with the conditions precedent to the initial closing of the Prepetition Term Loan Credit Agreement (without giving regard to Amendment No. 3 thereto), including, among others, the following: (a) The completion of the Restructuring Transactions contemplated by the Restructuring Support Agreement. (b) (i) the execution and delivery by the Borrower and the other Loan Parties of the 1L Exit Facility Documents to which they are a party consistent with this Term Sheet, (ii) the delivery of customary secretary’s certificates (with certification of authorizing resolutions and organizational documents) of the Loan Parties and customary good standing certificates of the Loan Parties, (iii) delivery of a customary legal opinion of Kxxxxxxx & Exxxx LLP and (iv) delivery of a customary closing certificate of the Borrower certifying that no Default shall have occurred and be continuing as of the Closing Date.
Sample 1
Conditions Precedent to Effectiveness on the Closing Date. The closing of the 2L Exit Facility shall be subject to customary conditions precedent for transactions of this nature substantially identical with the conditions precedent to the closing of the 1L Exit Facility, including, among others, the following:
Sample 1
Conditions Precedent to Effectiveness on the Closing Date. The closing of the 3L Exit Facility shall be subject to customary conditions precedent for transactions of this nature substantially identical with the conditions precedent to the closing of the 1L Exit Facility, including, among others, the following: (a) The completion of the Restructuring Transactions contemplated by the Restructuring Support Agreement. (b) (i) the execution and delivery by the Borrower and the other Loan Parties of the 3L Exit Facility Documents to which they are a party consistent with this Term Sheet, (ii) the delivery of customary secretary’s certificates (with certification of authorizing resolutions and organizational documents) of the Loan Parties and customary good standing certificates of the Loan Parties, (iii) delivery of a customary legal opinion of Kxxxxxxx & Exxxx LLP and (iv) delivery of a customary closing certificate of the Borrower certifying that no Default shall have occurred and be continuing as of the Closing Date.
Sample 1

Related to Conditions Precedent to Effectiveness on the Closing Date

  • Conditions Precedent to Effectiveness of Agreement Each of the following is a condition precedent to the effectiveness of this Agreement:

  • Conditions Precedent to Effectiveness of Amendment The effectiveness of this Amendment is subject to and contingent upon the fulfillment of each and every one of the following conditions:

  • Conditions Precedent to Effectiveness of this Agreement This Agreement shall become effective on and as of the date hereof (the “Effective Date”), provided that the following conditions precedent have been satisfied on such date:

  • Conditions Precedent to Effective Date This Agreement shall become effective on the date (such date, the “Effective Date”) when each of the following conditions is satisfied (or waived) in accordance with the terms herein:

  • Conditions Precedent to Effectiveness This Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

  • Conditions Precedent to Effectiveness of Section 2.01 Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

  • Conditions Precedent to Effectiveness of this Amendment This Amendment shall not become effective until all of the following conditions precedent shall have been satisfied in the sole discretion of Agent or waived by Agent:

  • Conditions Precedent to Closing Date The obligation of the Lenders to make each Loan hereunder, and the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder, in each case, on the Closing Date are subject to the satisfaction on or prior to the Closing Date of each of the following conditions:

  • Conditions Precedent to the Effectiveness of this Agreement The effectiveness of this Agreement is subject to the receipt by IBM Credit of, or waiver in writing by IBM Credit of compliance with, the following conditions precedent:

  • Conditions Subsequent to Effectiveness As an accommodation to the Loan Parties, the Agents and the Lenders have agreed to execute this Agreement and to make the Loans on the Effective Date notwithstanding the failure by the Loan Parties to satisfy the conditions set forth below on or before the Effective Date. In consideration of such accommodation, the Loan Parties agree that, in addition to all other terms, conditions and provisions set forth in this Agreement and the other Loan Documents, including, without limitation, those conditions set forth in Section 5.01, the Loan Parties shall satisfy each of the conditions subsequent set forth below on or before the date applicable thereto (it being understood that (i) the failure by the Loan Parties to perform or cause to be performed any such condition subsequent on or before the date applicable thereto shall constitute an Event of Default and (ii) to the extent that the existence of any such condition subsequent would otherwise cause any representation, warranty or covenant in this Agreement or any other Loan Document to be breached, the Required Lenders hereby waive such breach for the period from the Effective Date until the date on which such condition subsequent is required to be fulfilled pursuant to this Section 5.03):

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