Common use of Effect of Supplemental Indenture; Effectiveness and Operation Clause in Contracts

Effect of Supplemental Indenture; Effectiveness and Operation. (a) This Supplemental Indenture shall be effective upon execution hereof by the Company, the Guarantors and the Trustee. From and after such date, the Amendments set forth herein shall be deemed to have modified the applicable sections, or portions thereof, or clauses of the Original Indenture. However, this Supplemental Indenture shall cease to have any effect if the Company shall fail to pay to Holders of the Notes the Purchase Price described in the Offer to Purchase (as defined in Section 1.1 of this Supplemental Indenture).

Appears in 4 contracts

Samples: Seventh Supplemental Indenture (Saks Inc), Seventh Supplemental Indenture (Saks Inc), Second Supplemental Indenture (Saks Inc)

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Effect of Supplemental Indenture; Effectiveness and Operation. (a) This Supplemental Indenture shall be effective upon execution hereof by the Company, the Guarantors and the Trustee. From and after such date, the Amendments set forth herein shall be deemed to have modified the applicable sections, or portions thereof, or clauses of the Original Indenture. However, this Supplemental Indenture shall cease to have any effect if the Company shall fail to pay to Holders of the Notes the Purchase Price Consent Fee described in the Offer to Purchase Solicitation Documents (as defined in Section 1.1 of this Supplemental Indenture).

Appears in 3 contracts

Samples: Seventh Supplemental Indenture (Saks Inc), Supplemental Indenture (Saks Inc), Fourth Supplemental Indenture (Saks Inc)

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