Common use of Third Amendment Effective Date Clause in Contracts

Third Amendment Effective Date. This Amendment shall become effective as of the first date (the “Third Amendment Effective Date”) on which each of the following conditions shall have been satisfied: (a) Execution and Delivery of this Amendment. Agent and Lenders shall have received a counterpart signature page of this Amendment duly executed by each of the Loan Parties.

Third Amendment Effective Date. This Third Amendment shall become effective as upon satisfaction of each of the first following conditions: (i) Borrowers, Agent and Lenders shall have executed and delivered to each other this Third Amendment; and (ii) Any and all defaults and/or events of default existing under or with respect to the Term Loan Documents, the IRB Indebtedness or the Existing Mortgage Indebtedness shall have been cured or waived to Agent’s reasonable satisfaction. The date (on which each of the foregoing conditions precedent is satisfied shall be referred to as the “Third Amendment Effective Date.”) on which each of the following conditions shall have been satisfied: (a) Execution and Delivery of this Amendment. Agent and Lenders shall have received a counterpart signature page of this Amendment duly executed by each of the Loan Parties.