Common use of Effectiveness and Initial Advance Clause in Contracts

Effectiveness and Initial Advance. This Agreement shall not become effective and the Lenders shall not be required to make the initial Advances hereunder unless (i) the Borrower has satisfied the conditions precedent set forth in Section 4.2, (ii) the Borrower has furnished to the Administrative Agent with sufficient copies for the Lenders each of the following documents and (iii) each of the following events shall have occurred, as applicable (such date being the “Effective Date”):

Appears in 4 contracts

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

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Effectiveness and Initial Advance. This Agreement shall not become effective and the Lenders shall not be required to make the initial Advances extensions of credit hereunder unless (i) the Borrower has satisfied the conditions precedent set forth in Section 4.24.02, (ii) the Borrower has furnished to the Administrative Agent with sufficient copies for the Lenders each of the following documents and (iii) each of the following events shall have occurred, as applicable (such date being the “Effective Date”):

Appears in 2 contracts

Samples: Credit Agreement (Vera Bradley, Inc.), Credit Agreement (Vera Bradley, Inc.)

Effectiveness and Initial Advance. This Agreement shall not become effective and the Lenders shall not be required to make the initial Advances extensions of credit hereunder unless (i) the Borrower has satisfied the conditions precedent set forth in Section 4.24.02, (ii) the Borrower has furnished to the Administrative Agent with sufficient copies for the Lenders (or its counsel) each of the following documents and (iii) each of the following events shall have occurred, as applicable (such date being the “Effective Date”):

Appears in 1 contract

Samples: Credit Agreement (Vera Bradley, Inc.)

Effectiveness and Initial Advance. This Agreement shall not become effective and the Lenders shall not be required to make the initial Advances hereunder unless (i) the Borrower has satisfied the conditions precedent set forth in Section 4.24.02, (ii) the Borrower has furnished to the Administrative Agent with sufficient copies for the Lenders each of the following documents and (iii) each of the following events shall have occurred, as applicable (such date being the “Effective Date”):applicable:

Appears in 1 contract

Samples: Credit Agreement (Manitowoc Co Inc)

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Effectiveness and Initial Advance. This Agreement shall not become effective (in which case the Existing Credit Agreement shall remain in full force and effect) and the Lenders shall not be required to make the initial Advances hereunder unless and until (ia) the Borrower has satisfied the conditions precedent set forth in Section 4.2, (ii) the Borrower has 4.2 and furnished to the Administrative Agent with sufficient in the number of copies for as the Lenders Administrative Agent shall have reasonably requested each of the following documents items and (iiib) each of the following events shall conditions have occurred, as applicable (such date being the “Effective Date”):otherwise been satisfied:

Appears in 1 contract

Samples: Credit Agreement (Moneygram International Inc)

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