EFFECTIVENESS OF THIS MODIFICATION Sample Clauses
The 'Effectiveness of This Modification' clause establishes when and under what conditions a modification to an agreement becomes legally binding and enforceable. Typically, this clause specifies that the modification takes effect only after all parties have signed or otherwise formally agreed to the changes, and may outline any additional requirements such as written documentation or approval by certain representatives. Its core practical function is to ensure clarity and prevent disputes by clearly defining the point at which contractual changes are valid and operative.
EFFECTIVENESS OF THIS MODIFICATION. This Modification, and the waivers provided for herein, shall become effective upon the satisfaction, as determined by L▇▇▇▇▇, of the following conditions.
EFFECTIVENESS OF THIS MODIFICATION. This Modification, and the waivers provided for herein, shall become effective upon the satisfaction, as determined by Bank, of the following conditions.
EFFECTIVENESS OF THIS MODIFICATION. The amendments set forth above shall be effective as of January 13, 2003.
EFFECTIVENESS OF THIS MODIFICATION. This Modification shall be effective as of the date first written above (the "Execution Date") upon its execution by each of the parties hereto; PROVIDED that the amendments set forth in Section 2 of this Modification shall be effective as of July 1, 2002. On or prior to the Execution Date, the Pledgor shall deliver to the Bank the following:
(a) Certified copies of all partnership action taken by the Pledgor to authorize the execution, delivery and performance of this Modification;
(b) A certificate of a Responsible Officer of the general partner of the Pledgor to the effect that the representations and warranties of the Pledgor contained in the Pledge Agreement are true and correct in all material respects on and as of the Execution Date; and
(c) An opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP, special New York counsel ▇▇ ▇he Pledgor, in sub▇▇▇▇▇▇▇lly ▇▇▇ ▇▇▇m as attached hereto as Exhibit A.
EFFECTIVENESS OF THIS MODIFICATION. The amendment set forth above shall be effective as of July 18, 2002.
EFFECTIVENESS OF THIS MODIFICATION. The amendment set forth above shall be effective as of July 14, 2003, provided that on or before such date the Borrower shall deliver to the Bank:
(i) this Modification, duly executed by the Borrower;
(ii) an Amended and Restated Tranche B Promissory Note ("Amended Tranche B Note") in the amount of up to $45,000,000, duly executed by the Borrower;
(iii) a Reaffirmation, duly executed by MA 1994 B Shares, L.P., in substantially the form attached to this Modification as Exhibit A;
(iv) a certificate of a Responsible Officer of each of the general partners of the Borrower to the effect that the representations and warranties of the Borrower contained in the Credit Agreement are true and correct in all material respects on and as of the effective date of the Modification and no Default or Event of Default shall have occurred and be continuing under the Credit Agreement (as amended hereby);
(v) a certificate of a Responsible Officer of the Borrower (i) as to the incumbency, and setting forth a specimen signature, of each of the persons (A) who has signed this Modification and the Amended Tranche B Note on behalf of the Borrower, and (B) who will, until replaced by other persons duly authorized for that purpose, act as the representatives of the Borrower for the purposes of signing documents in connection with this Modification and the transactions contemplated hereby, (ii) confirming that no amendments or modifications of the partnership agreement of the Borrower shall have occurred since delivery of such partnership agreement to the Bank pursuant to Section 3.1(xiv) of the Credit Agreement, and (iii) providing certified copies of all partnership action taken by the Borrower to authorize the execution, delivery and performance of this Modification and the Amended Tranche B Note; and
(vi) a duly executed Federal Reserve Form U-1 referred to in Regulation U. Upon receipt of the documents listed in this paragraph 3, duly executed, the Bank shall cancel and return the Amended and Restated Tranche B Promissory Note dated April 30, 2003 executed by Borrower.