Subsequent to the Effective Date Sample Clauses

Subsequent to the Effective Date. Should the closing bid price of the Company’s common stock be less than Fixed Conversion Price as defined below in Section 3.2 (c), the Company shall make Payments that are due hereunder. If the Company’s closing bid price of its common stock is greater than the Fixed Conversion Price as defined in Section 3.2 (c), The Holder, at its sole option, shall be entitled to either a) request a Payment from the Company in the amounts set forth in the table in Section 2.1 above; or, b) the Holder may elect to convert a portion of the Debenture pursuant to Article 3 below in an amount equal to the Payment Amount. In the event the Holder is unable to convert that portion of the debenture equal to the Payment Amount during a calendar month, the Company shall make a payment in an amount equal to the difference between the amount converted by the Holder and the Payment Amount due for that month. Nothing contained in this Article 2 shall limit the amount the Holder can elect to convert during a calendar month except as defined in Section 3.2 (i) All Payments made in this Article 2, shall be applied toward the Redemption Article as outlined in Article 14, herein.

Subsequent to the Effective Date. The Borrower may designate any subsidiary of the Borrower to be an Unrestricted Subsidiary other than any subsidiary of the Borrower that owns any Debt of, or owns or holds any Lien on any Property of, the Borrower or any of its Subsidiaries (other than any subsidiary of the subsidiary to be so designated); provided that:

Subsequent to the Effective Date. The obligation of the Lenders to continue to make or maintain Loans (or otherwise extend credit hereunder) and of the Issuing Bank to continue to issue Letters of Credit is subject to the fulfillment, on or before the date applicable thereto, if any, of each of the conditions subsequent set forth below (unless waived in accordance with Section 10.02): (a) On or before the Collateral Documentation Date, the Agents shall have received a favorable written opinion (addressed to the Agents, the Issuing Bank and the Lenders and dated the Collateral Documentation Date) of each of (i) Sidley Austin Brown & Wood LLP, counsel for the Parent Borrower, the ▇▇▇▇▇▇▇▇ ▇▇▇sid▇▇▇▇ Borrowers and the Guarantors, in form and substance satisfactory to the Agents, (ii) General Counsel of the Parent Borrower, the Domestic Subsidiary Borrowers and the Guarantors, in form and substance satisfactory to the Agents, (iii) Van Cott, Bagley, Cornwall & McCarthy, P.C., Utah counsel for the Parent ▇▇▇▇▇wer, the Guar▇▇▇▇▇▇ ▇nd certain Domestic Subsidiary Borrowers, in form and substance satisfactory to the Agents, (iv) Canadian counsel for the Canadian Guarantors acceptable to the Agents, in form and substance satisfactory to the Agents, and (v) Nova Scotia counsel for Uniplast Industries Co. acceptable to the Agents, in form and substance satisfactory to the Agents, and, in the case of each such opinion required by this paragraph, covering such other matters relating to the Loan Parties, the Loan Documents or the Transactions as the Agents shall reasonably request. Each Borrower hereby requests such counsel to deliver such opinions. (b) On or before the Collateral Documentation Date, the Administrative Agent shall have received such other certificates, documents and agreements respecting any Loan Party as the Agents may reasonably request. (c) Within forty-five (45) days and fifty-five (55) days, respectively, after the Petition Date, the Bankruptcy Court shall have entered the Final Order and the Canadian Court shall have issued the Canadian Final Order, and all motions relating thereto, in form and substance satisfactory to the Lenders, (i) approving the transactions contemplated hereby, (ii) granting a first priority perfected security interest in the Collateral subject only to the Senior Claims and the Carve-Out Expenses up to the Carve-Out Amount, (iii) prohibiting the incurrence of debt with priority equal to or greater than the Agents' and the Lenders', (iv) prohibiting any granti...

Subsequent to the Effective Date the Borrower may, from time to time, upon notice to the Agent, propose to increase the aggregate amount of the Commitments by an amount specified by it in such notice (the amount of any such increase, the "Increased Commitments"). The Agent shall promptly notify the Banks of any such proposal received by it. Each Bank party to this Agreement at such time shall have the right (but no obligation) for a period of 15 days following receipt of such notice, to elect by notice to the Borrower and the Agent to increase its Commitment by a principal amount which bears the same ratio to the Increased Commitments as its then Commitment bears to the aggregate Commitments then existing. If any Bank party to this Agreement does not respond to a proposal to increase its Commitment within such period, such Bank shall be deemed to have elected not to increase its Commitment. If any Bank party to this Agreement shall not elect so to increase its Commitment, the Borrower may designate another bank or other banks (which may be one or more of the Banks) (if not previously a Bank, each an "Additional Bank") which at the time agrees to do so to be party to this Agreement, the Commitments of which shall not in the aggregate exceed the unsubscribed amount of the Increased Commitments. An increase in the aggregate amount of the Commitments pursuant to this subsection (b) shall become effective upon the receipt by the Agent of an agreement in form and substance satisfactory to the Agent signed by the Borrower, by each Additional Bank, by each other Bank whose Commitment is to be increased and by the Required Banks, setting forth the new Commitments of such Banks and setting forth the agreement of each Additional Bank to become a party to this Agreement and to be bound by all the terms and provisions hereof, together with such evidence of appropriate corporate authorization on the part of the Borrower with respect to the Increased Commitments and such opinions of counsel for the Borrower with respect to the Increased Commitments as the Agent may reasonably request.

Subsequent to the Effective Date. After the Effective Date of the Registration Statement, the Holder, at its sole option, shall be entitled to either i) request a Payment from the Company in the amounts set forth in the table in Section 2.1, above; or ii) the Holder may elect to convert a portion of the Debenture pursuant to Article 3, below, in an amount equal to or greater than the Payment Amount. In the event the Holder is unable to convert that portion of the Debenture equal to the Payment Amount during a calendar month, the Company shall make a Payment in cash in an amount equal to the difference between the amount converted by the Holder and the Payment Amount due for that month. Nothing contained in this Article 2 shall limit the amount the Holder can elect to convert during a calendar month except as defined in Section 3.2 (i), below. All Payments made under Article 2, shall be applied toward the total Redemption Amount as outlined in Article 14, herein.