Amendment Effective Period definition

Amendment Effective Period means the period beginning as of September 30, 2012 and ending as of (but not including) the earlier to occur of (a) December 31, 2013 and (b) the date upon which the Borrower delivers an irrevocable notice to Administrative Agent of its election to terminate the Amendment Effective Period.

Examples of Amendment Effective Period in a sentence

• The waivers set forth in this Section 1.2 shall be effective independently of whether Holder exercises its Series J Warrant during the Amendment Effective Period.

• Notwithstanding anything to the contrary contained in the Warrants or the Certificates of Designation, neither the transactions contemplated by this Amendment nor the issuance of any of the Amended Warrant Price Shares during the Amendment Effective Period to Holder, any Other Warrant Holder, or any of their respective affiliates shall result in the imposition of any of the anti-dilution protections in favor of the Holder contained in the Warrants or the Certificates of Designation.

• The second sentence of Section 5.2(a) of the Credit Agreement shall be amended by inserting "2% during the Second Amendment Effective Period and thereafter" before the reference to "the greater of (x) fifty percent (50%)" appearing therein.

• With respect to those Amended Warrant Price Shares that are not purchased through the exercise of the Series J Warrant during the Amendment Effective Period, immediately upon expiration thereof and without any further act of the Parties, the Series J Original Warrant Price shall be reinstated to such unpurchased Amended Warrant Price Shares and thereafter apply to all Series J Covered Shares and this Amendment shall be of no further force and effect.

• Effective solely for any exercise by Holder of up to fifty (50%) of the 2007 Covered Shares (collectively, the “Amended Warrant Price Shares”) occurring during the Amendment Effective Period, the “Warrant Price” specified in Section 9 of the 2007 Warrant shall be $1.25 per share of such 2007 Covered Shares.

• Except for Section 8.15 of the Credit Agreement, after the expiration of the New Amendment Effective Period, all changes to the Credit Agreement effected by the First Amendment and this Second Amendment shall cease and be of no further effect, and all terms and conditions under the Credit Agreement existing on the date prior to the first (1st) day of the Original Amendment Effective Period shall be in effect as if this Second Amendment had never been executed.

• With respect to any Amended Warrant Price Shares that are not purchased through the exercise of the 2007 Warrant during the Amendment Effective Period, immediately upon the expiration thereof and without any further act of the Parties, the 2007 Original Warrant Price shall be reinstated to such unpurchased Amended Warrant Price Shares and thereafter shall apply to all unpurchased 2007 Covered Shares and this Amendment shall be of no further force and effect.

• With respect to those Amended Warrant Price Shares that were not purchased through the exercise of the Series J Warrant during the Amendment Effective Period, immediately upon expiration thereof and without any further act of the Parties, the Series J Original Warrant Price shall be reinstated to such unpurchased Amended Warrant Price Shares and thereafter apply to all Series J Covered Shares and this Amendment shall be of no further force and effect.

• Except for Section 8.15, after the expiration of the Amendment Effective Period, all changes to the Credit Agreement effected by this Amendment shall cease and be of no further effect, and all terms and conditions under the Credit Agreement existing on the date prior to the first day of the Amendment Effective Period shall be in effect as if this Amendment had never been executed.