Common use of Effective Upon Execution Clause in Contracts

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank and Borrower, and shall remain effective until the Indebtedness under this Agreement and the Note and the related Loan Documents shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 4 contracts

Samples: Credit Agreement (Tandy Brands Accessories Inc), Credit Agreement (Tandy Brands Accessories Inc), Credit Agreement (Tandy Brands Accessories Inc)

AutoNDA by SimpleDocs

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank and Borrower, and shall remain effective until the Indebtedness under this Agreement and each of the Note and the related Loan Documents Notes shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Com21 Inc), Revolving Credit and Security Agreement (Avanex Corp), Revolving Credit and Security Agreement (Avanex Corp)

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank and Borrower, and shall remain effective until the Indebtedness under this Agreement and each of the Note Notes and the related Loan Documents shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 3 contracts

Samples: Credit Agreement (Asd Systems Inc), Credit Agreement (Englobal Corp), Credit Agreement (Sport Supply Group Inc)

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank Banks, Agent and BorrowerCompany and the issuance by Company of the Notes hereunder, and shall remain effective until the Indebtedness under this Agreement and the Note and the related Loan Documents shall have has been repaid and discharged in full and no commitment to extend any credit hereunder (or under any of the other Loan Documents, whether optional or obligatory) , remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 2 contracts

Samples: Credit Agreement (Champion Enterprises Inc), Revolving Credit Agreement (Valassis Communications Inc)

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank Banks, Agent and BorrowerCompany and the issuance by Company of the Notes hereunder and satisfaction of all conditions precedent forth herein, and shall remain effective until the Indebtedness under this Agreement and the Note and the related Loan Documents shall have has been repaid and discharged in full and no commitment to extend any credit hereunder (or under any of the other Loan Documents, whether optional or obligatory) , remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 2 contracts

Samples: Credit Agreement (Valassis Communications Inc), Credit Agreement (Valassis Communications Inc)

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank and Borrower, and shall remain effective until the Indebtedness under this Agreement and the Note each Letter of Credit and the related Loan Documents shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 1 contract

Samples: Credit Agreement (Digitalconvergence Com Inc)

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank and BorrowerBorrowers, and shall remain effective until the Indebtedness under this Agreement and the Note Notes and the related Loan Documents shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank Agent, Lenders and Borrower, Borrower and shall remain effective until the Indebtedness under this Agreement and each of the Note and the related Loan Documents Notes shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 1 contract

Samples: Loan and Security Agreement (Roxio Inc)

AutoNDA by SimpleDocs

Effective Upon Execution. This Agreement shall become effective ----- ------------------------ upon the execution and delivery hereof by Bank and Borrower, and shall remain effective until the Indebtedness under this Agreement and each of the Note and the related Loan Documents Notes shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 1 contract

Samples: Credit and Security Agreement (Ikos Systems Inc)

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank and Borrower, and shall remain effective until the Indebtedness under this Agreement and the Note and the related Loan Documents shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 1 contract

Samples: Credit Agreement (Peerless Manufacturing Co)

Effective Upon Execution. This Agreement shall become effective ----- ------------------------ upon the execution and delivery hereof by Bank and Borrower, and shall remain effective until the Indebtedness under this Agreement and each of the Note and the related Loan Documents Notes shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.11.17

Appears in 1 contract

Samples: Credit and Security Agreement

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank and BorrowerBorrowers, and shall remain effective until the Indebtedness under this Agreement and each of the Note Notes and the related Loan Documents shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 1 contract

Samples: Credit Agreement (Sterling Construction Co Inc)

Effective Upon Execution. This Agreement shall become effective upon the execution and delivery hereof by Bank Lender and Borrower, and shall remain effective until the Indebtedness under this Agreement and the Note and the related Loan Documents shall have been repaid and discharged in full and no commitment to extend any credit hereunder (whether optional or obligatory) remains outstanding. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.