Common use of Effective Upon Execution Clause in Contracts

Effective Upon Execution. This Agreement shall become effective upon the execution hereof by Banks, Agent and Company and the issuance by Company of the Notes hereunder and satisfaction of all conditions precedent forth herein, 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 2 contracts

Samples: Credit Agreement (Valassis Communications Inc), Credit Agreement (Valassis Communications Inc)

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Effective Upon Execution. This Agreement shall become effective upon the execution hereof by Banks, Agent Bank and Company and the issuance by Company of the Notes hereunder and satisfaction of all conditions precedent forth hereinBorrower, and shall remain effective until the Indebtedness has under this Agreement and each Letter of Credit and the related Loan Documents shall have 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 (Digitalconvergence Com Inc)

Effective Upon Execution. This Agreement shall become effective upon the execution hereof by Banks, Agent and Company and the issuance by Company of the Revolving Credit Notes hereunder and satisfaction of all conditions precedent forth hereinthe Swing Line 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 (Jpe Inc)

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Effective Upon Execution. This Agreement shall become effective upon the execution hereof by Banks, Agent Lender and Company and the issuance by Company of the Notes hereunder and satisfaction of all conditions precedent forth herein, Borrower and shall remain effective until the Indebtedness has under this Agreement and each of the Notes shall have 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: Loan and Security Agreement (Probusiness Services Inc)

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