Common use of Effective Upon Execution Clause in Contracts

Effective Upon Execution. This Agreement shall become effective upon the later of the Effective Date and the execution hereof by Banks, Agent and the Company, and the issuance by the Company of the Revolving Credit Notes and the Swing Line Notes hereunder, and shall remain effective until the Indebtedness has been repaid and discharged in full and no commitment to extend any credit hereunder remains outstanding.

Appears in 7 contracts

Samples: Credit Agreement (Credit Acceptance Corp), Credit Agreement (Credit Acceptance Corp), Credit Agreement (Credit Acceptance Corp)

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Effective Upon Execution. This Agreement shall become effective upon the later of the Effective Date and the execution hereof by Banks, Agent Bank and the Company, and the issuance by the Company of the Revolving Credit Notes and the Swing Line Notes hereunderBorrowers, and shall remain effective until the Indebtedness has under this Agreement and the Note and the related Loan Documents shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding.

Appears in 4 contracts

Samples: Loan Agreement (Stratus Properties Inc), Loan Agreement (Stratus Properties Inc), Loan Agreement (Stratus Properties Inc)

Effective Upon Execution. This Agreement shall become effective upon the later of the Effective Date and the execution hereof by BanksXxxxx, Agent and the Company, and the issuance by the Company of the Revolving Credit Notes and the Swing Line Notes hereunder, and shall remain effective until the Indebtedness has been repaid and discharged in full and no commitment to extend any credit hereunder remains outstanding.

Appears in 1 contract

Samples: Credit Agreement (Credit Acceptance Corp)

Effective Upon Execution. This Agreement shall become effective upon the later of the Effective Date and the execution hereof by Banks, Agent and the Company, Company and the issuance by the Company of the Revolving Credit Notes and the Swing Line Notes Note hereunder, and shall remain effective until the Indebtedness has been repaid and discharged in full full, all Letters of Credit have expired and no commitment to extend any credit hereunder or under any of the other Loan Documents, whether optional or obligatory, remains outstanding.. WITNESS the due execution hereof as of the day and year first above written. COMERICA BANK, XXXXXXXX STORES INC. as Agent

Appears in 1 contract

Samples: Credit Agreement (Jacobson Stores Inc)

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Effective Upon Execution. This Agreement shall become effective upon the later of the Effective Date and the execution hereof by Banks, Agent and the Company, Company and the issuance by the Company of the Revolving Credit Notes and the Swing Line Term Notes hereunder, and shall remain effective until the Indebtedness has been repaid and discharged in full and no commitment to extend any credit hereunder or under any of the other Loan Documents, whether optional or obligatory, remains outstanding.

Appears in 1 contract

Samples: Credit Agreement (North Pointe Holdings Corp)

Effective Upon Execution. This Agreement shall become effective upon the later of the Effective Date and the execution hereof by Banks, Agent Bank and the Company, Companies and the issuance by the Company Companies of the Revolving Credit Notes and the Swing Line Notes Note hereunder, and shall remain effective until the Indebtedness has been repaid and discharged in full and no commitment to extend any credit hereunder or under any of the other Loan Documents, whether optional or obligatory, remains outstanding.

Appears in 1 contract

Samples: Credit Agreement (Detrex Corporation)

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