Amendment Number One Effective Date definition
Examples of Amendment Number One Effective Date in a sentence
Following the Amendment Number One Effective Date, the Agreement (as amended) remains in full force and effect.
Notwithstanding the foregoing, if the total Delayed Draw Term B Loan Commitment as of the Amendment Number One Effective Date is not drawn on or prior to the Delayed Draw Term B Loan Commitment Expiration Date, the undrawn amount shall automatically be cancelled.
Effective as of the Amendment Number One Effective Date (as defined in Section 3), the Lenders party hereto hereby consent to the Settlement Transactions and agree that the Settlement Transactions may be consummated notwithstanding anything to the contrary in the Loan Documents including, without limitation, any limitations on Investments, Asset Dispositions, Distributions, transactions with Affiliates, or limitations on amendments to or variations from the Plan of Reorganization.
Effective as of the Amendment Number One Effective Date, the Lenders party hereto further agree that (i) the Settlement Transactions shall not be subject to any notice requirements or collateral perfection requirements under the Loan Documents and (ii) that the Obligors may enter into an amendment to and consent under the Term Loan Agreement that is comparable to this Amendment.
Subject to the terms and conditions hereof, Lender agrees to make the following Loan(s) to Borrower: (a) on the Closing Date, a Loan in an amount equal to the Initial Term Loan Commitment (the “Initial Term Loan”), and (b) on the Amendment Number One Effective Date, a Loan in an amount equal to the Special Advance Term Loan Commitment (the “Special Advance Term Loan”).
After the Amendment Number One Effective Date, Ardelyx may engage Siegfried to conduct certain activities associated with the C4b Free Base, and Ardelyx shall be solely responsible for all risks, costs and expenses associated with such work, without limitation.
AstraZeneca shall remain solely responsible to Siegfried for all costs and expenses associated with the work conducted by Siegfried prior to the Amendment Number One Effective Date, including, without limitation, any costs or expenses associated with the repair or replacement of any equipment utilized by Siegfried in the conduct of such activities.
The Parties acknowledge that prior to the Amendment Number One Effective Date, AstraZeneca engaged Siegfried to conduct certain activities relating to the C4b Free Base, and Siegfried has performed some activities, but not the GMP manufacture of the hydrochloride salt from free base by spray drying.
The Delayed Draw Term A Loan Expiration Date has occurred prior to the Amendment Number One Effective Date.