Conditions to Amendment Sample Clauses
The "Conditions to Amendment" clause defines the specific requirements or prerequisites that must be met before any changes to the agreement can take effect. Typically, this clause outlines who must consent to amendments, such as requiring written approval from all parties involved, and may specify additional steps like providing notice or fulfilling certain obligations beforehand. Its core practical function is to ensure that modifications to the contract are controlled and agreed upon by all relevant parties, thereby preventing unauthorized or unilateral changes and maintaining the integrity of the original agreement.
POPULAR SAMPLE Copied 1 times
Conditions to Amendment. This Amendment shall become effective upon the satisfaction in full of all of the following conditions precedent, each of which shall be satisfactory to the Lender:
Conditions to Amendment. The effectiveness of the amendments contained in Article 1 shall be subject to the fulfillment of the following conditions precedent:
Conditions to Amendment. The amendment to the Loan Agreement contemplated by this Amendment is subject to the satisfaction of all of the following conditions precedent:
Conditions to Amendment. This Amendment shall become effective upon the receipt by the Agent by facsimile transmission of a counterpart of this Amendment executed by each Borrower and each Lender, and execution of this Amendment by the Agent (provided, that each Borrower and each Lenders shall promptly execute six applicable signature pages hereof and deliver such pages to the Agent).
Conditions to Amendment. The obligation of the Agent and Lenders to enter into this Amendment renewing the loan facility pursuant to the Loan Agreement and making certain other modifications thereto is subject to the following conditions precedent having been satisfied in a manner satisfactory to the Agent and each Lender as of the date hereof:
(a) This Amendment has been executed by each party thereto and each Loan Party shall have performed and complied with all covenants, agreements and conditions contained herein and the other Loan Documents which are required to be performed or complied with by the Borrower before or on the date hereof.
(b) Except as set forth on EXHIBIT B, all representations and warranties made under the Loan Agreement and in the other Loan Documents shall be true and correct in all material respects as of the date hereof as if made on the date hereof.
(c) No Default or Event of Default shall exist on the date hereof, or would exist after giving effect to the Loans to be made on such date.
(d) The Agent and the Lenders shall have received such opinions of counsel for the Loan Parties as the Agent or any Lender shall request, each such opinion to be in a form, scope, and substance satisfactory to the Agent, the Lenders, and their respective counsel.
(e) The Borrower shall have paid all fees and expenses of the Agent and the Attorney Costs incurred in connection with this Amendment and any of the Loan Documents and the transactions contemplated thereby to the extent invoiced.
(f) The Agent shall have received evidence, in form, scope, and substance, reasonably satisfactory to the Agent, of all insurance coverage as required by this Agreement.
(g) The Agent and the Lenders shall have had an opportunity, if they so choose, to examine the books of account and other records and files of the Borrower and to make copies thereof, and to conduct a pre-closing audit which shall include, without limitation, verification of Inventory, Accounts, and Availability, and the results of such examination and audit shall have been satisfactory to the Agent and the Lenders in all respects.
(h) The Agent and the Lenders shall have received copies certified as being correct and complete of all documentation related to the Senior Notes, the Subordinated Debt and the Material License Agreements and such documentation shall be satisfactory to the Agent and the Lenders in all respects.
(i) All proceedings taken in connection with the execution of this Amendment, all other Loan Documen...
Conditions to Amendment. This Amendment shall become effective and be deemed effective as of the date first written above (the “Amendment Effective Date”) upon the satisfaction of the following conditions precedent:
(a) Jarden Receivables, each Originator, the Servicer, the Administrative Agent, the Issuing Lender and the Managing Agents party hereto shall have executed and delivered this Amendment.
(b) The Administrative Agent shall have received a duly executed Reaffirmation, Consent and Acknowledgment of the Performance Undertaking in the form attached hereto.
(c) The Administrative Agent shall have received such other agreements, instruments, documents, certificates, and opinions as the Administrative Agent may reasonably request.
Conditions to Amendment. This Amendment shall become effective and be deemed effective as of the date first written above (the “Amendment Effective Date”) upon the satisfaction of the following conditions precedent:
(a) The Borrower, each Originator, the Servicer, the Administrative Agent, the Issuing Lender and the Managing Agents party hereto shall have executed and delivered this Amendment.
(b) The Administrative Agent shall have received a duly executed Reaffirmation, Consent and Acknowledgment of the Performance Undertaking in the form attached hereto.
(c) The Administrative Agent shall have received a duly executed Reconveyance and Release Agreement (the “Reconveyance and Release Agreement”).
(d) The Administrative Agent and each Managing Agent shall have received an updated Monthly Report giving effect to this Amendment and the release of the Released Assets as defined in the Reconveyance and Release Agreement.
(e) The Administrative Agent shall have received such other agreements, instruments, documents, certificates, and opinions as the Administrative Agent may reasonably request.
Conditions to Amendment. The effectiveness of this Amendment shall be subject to the satisfaction, on or before the date hereof, of the conditions set forth in this Section 3.
Conditions to Amendment. This Amendment shall become effective upon satisfaction of the following conditions precedent (the “Effective Date”):
A. the due execution and delivery of a counterpart signature page to this Amendment by the Borrower, PASS, the Equity Holder, the Required Lenders, the Blackstone Representative and the Administrative Agent; and
B. the representations and warranties of the Borrower set forth herein shall be true and correct in all material respects (except to the extent such representations and warranties are already qualified by materiality or Material Adverse Effect, which representations and warranties shall be true and correct in all respects) on and as of the Effective Date (or, to the extent that any such representation or warranty is expressly stated to have been made as of an earlier date, as of such earlier date).
Conditions to Amendment. This Amendment shall become effective upon (a) the receipt by the Agent by facsimile transmission of a counterpart of this Amendment executed by each Borrower and each Lender, and execution of this Amendment by the Agent (provided, that, each Borrower and each Lender shall promptly execute six applicable signature pages hereof and deliver such pages to the Agent), and (b) entry by the Bankruptcy Court of a final order acceptable to the Agent approving the terms hereof, and such order being in full force and effect and (unless waived by the Agent) not subject to reversal, stay, modification, amendment or appeal.