Common use of Conditions to Effectiveness of Amendments Clause in Contracts

Conditions to Effectiveness of Amendments. (a) This Fifth Amendment shall be effective upon receipt by the Administrative Agent of counterparts of this Fifth Amendment duly executed by the Borrower, the Administrative Agent and the Required Lenders. The amendments in Section 2 of this Fifth Amendment and, notwithstanding the provisions of Section 5(a) of the Fourth Amendment, the amendments set forth in Section 2 and the provisions of Section 3 of the Fourth Amendment shall each be effective on the date on which all of the following conditions in this Section 4 of this Fifth Amendment are satisfied (such date, the “Fifth Amendment Effective Date”).

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (W&t Offshore Inc), Credit Agreement

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Conditions to Effectiveness of Amendments. (a) This Fifth Fourth Amendment shall be effective upon receipt by the Administrative Agent of counterparts of this Fifth Fourth Amendment duly executed by the Borrower, the Administrative Agent and the Required Lenders. The amendments in Section 2 of this Fifth Amendment and, notwithstanding the provisions of Section 5(a) of the Fourth Amendment, the amendments set forth in Section 2 and the provisions of Section 3 of the this Fourth Amendment shall each be effective on the date on which all of the following conditions in this Section 4 of this Fifth Amendment 5 are satisfied (such date, the “Fifth Fourth Amendment Effective Date”).

Appears in 2 contracts

Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement

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