Second Amendment Effective Date Sample Clauses
The "Second Amendment Effective Date" clause defines the specific date on which the terms and changes introduced by a second amendment to an agreement become legally binding. In practice, this clause identifies the exact day from which all parties must comply with the revised obligations or benefits outlined in the amendment, regardless of when the amendment was signed or negotiated. By clearly establishing when the new terms take effect, this clause ensures clarity and prevents disputes over the timing of contractual changes.
Second Amendment Effective Date. This Amendment shall be and become effective as of the date hereof (the “Second Amendment Effective Date”) when all of the conditions set forth in this Part 3 shall have been satisfied, and thereafter this Amendment shall be known, and may be referred to, as the “Second Amendment”.
Second Amendment Effective Date. This Amendment shall become effective as of the first date (the “Second Amendment Effective Date”) on which each of the following conditions shall have been satisfied (or waived by the Required Lenders and the Administrative Agent):
(a) The Administrative Agent shall have received a counterpart signature page of this Amendment duly executed by each Obligor, the Administrative Agent and the Lenders constituting the Required Lenders.
(b) The Administrative Agent shall have received a certificate signed by a Responsible Officer of each Obligor (i) certifying that attached thereto are resolutions evidencing necessary corporate action on their part approving and authorizing the execution, delivery and performance of this Amendment and approving and authorizing the manner in which and by whom this Amendment are to be executed and delivered, and (ii) attaching signature and incumbency certificates of the Responsible Officers of such Obligor executing this Amendment.
(c) The Administrative Agent shall have received a certificate of status, compliance, good standing or like certificate with respect to each Obligor issued by the appropriate government officials of the jurisdiction of its incorporation or amalgamation, as applicable.
(d) The Administrative Agent shall have received a favourable opinion of Stikeman Elliott LLP, Canadian counsel to the Borrower, and S▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & B▇▇▇▇▇▇▇ LLP, United States counsel to the Borrower, in form and substance acceptable to the Administrative Agent and the Lenders, addressed to the Administrative Agent, the Lenders and L▇▇▇▇▇▇’ Counsel;
(e) The Administrative Agent shall have received a Notice of Borrowing prior to the Drawdown Date as required in Section 7.3 of the Amended Credit Agreement;
(f) All fees required to be paid on the Second Amendment Effective Date pursuant to that certain Fee Letter, dated as of December 19, 2022 (the “Fee Letter”), among the Canadian Borrower and the Administrative Agent; and
(g) On and as of the Second Amendment Effective Date the representations and warranties of the Obligors set forth in SECTION 4 hereof shall be true and correct.
Second Amendment Effective Date. This Amendment shall be effective on the date (the “Second Amendment Effective Date”) upon which the conditions precedent set forth in Section 3.1 above are satisfied. The Administrative Agent shall provide the Borrower and the Lenders written notice immediately upon the occurrence of the Second Amendment Effective Date. Unless otherwise specifically set forth herein, each of the amendments and other modifications set forth in this Amendment shall be effective on and after the Second Amendment Effective Date.
Second Amendment Effective Date. The Second Amendment Effective Date shall have occurred.
Second Amendment Effective Date. This Second Amendment shall be effective as of July 22, 1999 (the "Second Amendment Effective Date") upon the receipt by the Administrative Agent of this Second Amendment duly executed by all parties hereto.
Second Amendment Effective Date. The obligation of each Lender holding a Second Amendment Effective Date Term Loan Commitment to make a Loan on the Second Amendment Effective Date is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or before the Second Amendment Effective Date:
Second Amendment Effective Date. The effectiveness of the Second Amendment and the obligations of the Lenders to make Loans and of the Issuing Lenders to issue Letters of Credit hereunder is subject to satisfaction (or waiver by the Required Lenders) of the following conditions precedent:
Second Amendment Effective Date. On the Second Amendment Effective Date, the Company, Research and Cequent shall issue to the Purchasers, on a pro-rata basis based on the original principal amount of the Notes issued to each Purchaser on the Closing Date, Warrants to purchase such number of shares of Common Stock as is equal to twenty percent (20%) of the quotient obtained by dividing: (i) the remaining unpaid principal amount under the Notes calculated on the Second Amendment Effective Date by (ii) the VWAP of the Common Stock for the twenty (20) Trading Day period immediately preceding the Second Amendment Effective Date, which Warrants shall have an exercise price per share equal to the VWAP of the Common Stock for the twenty (20) Trading Day period immediately preceding the Second Amendment Effective Date, contain full ratchet anti-dilution protection (with no corresponding increase in the number of underlying shares) with respect to financing transactions consummated on or prior to June 30, 2014, and otherwise contain substantially equivalent terms and provisions as the Warrants that were issued to the Purchasers on the Closing Date.
Second Amendment Effective Date. The amendment and restatement of the Existing Credit Agreement contemplated by this Agreement and the obligations of the Lenders to make
Second Amendment Effective Date. Subsection 1.1 of the Credit Agreement is hereby further amended by adding the following definition thereto in appropriate alphabetical order: