Common use of BENEFIT OF CONDITIONS PRECEDENT Clause in Contracts

BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 are for the sole benefit of the Agent and the Revolving Credit Lenders and may be waived by the Agent in whole or in part without prejudice to the Agent or any Revolving Credit Lender. No document shall be deemed delivered to the Agent or any Revolving Credit Lender until received and accepted by the Agent or its counsel at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Agent at said offices.

Appears in 3 contracts

Samples: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)

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BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 3, are for the sole benefit of the Agent and the each Revolving Credit Lenders Lender and may be waived by the Agent in whole or in part without prejudice to the Agent or any Revolving Credit Lender. No document shall be deemed delivered to the Agent or any Revolving Credit Lender until received and accepted by the Agent or its counsel at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Agent at said offices.

Appears in 1 contract

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)

BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 are for the sole benefit of the Agent and the each Revolving Credit Lenders Lender and may be waived by the Agent in whole or in part without prejudice to the Agent or any Revolving Credit Lender. No document shall be deemed delivered to the Agent or any Revolving Credit Lender until received and accepted by unless delivered to the Agent or its counsel in accordance with Article 17 hereof at its offices in Boston, Massachusetts. Under Massachusetts and under no circumstances shall this Agreement take effect until so executed and accepted by the Agent at said officesdelivered.

Appears in 1 contract

Samples: Loan and Security Agreement (Odd Job Stores Inc)

BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 3: are for the sole benefit of the Agent and the each Revolving Credit Lenders Lender and may be waived by the Agent in whole or in part without prejudice to the Agent or any Revolving Credit Lender. No document shall be deemed delivered to the Agent or any Revolving Credit Lender until received and accepted by the Agent or its counsel at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Agent at said offices.

Appears in 1 contract

Samples: Loan and Security Agreement (Homebase Inc)

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BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 - , are for the sole benefit of the Agent and the each Revolving Credit Lenders Lender and may be waived by the Agent in whole or in part without prejudice to the Agent or any Revolving Credit Lender. No document shall be deemed delivered to the Agent or any Revolving Credit Lender until received and accepted by the Agent or its counsel at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Agent at said offices.

Appears in 1 contract

Samples: Loan and Security Agreement (Drugmax Inc)

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