Common use of Binding Effect; Termination Clause in Contracts

Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lender and it shall have been executed by each Credit Party and the Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of each Credit Party, the Lender and its respective successors and assigns.

Appears in 2 contracts

Samples: Credit Agreement (PRG Schultz International Inc), Credit Agreement (PRG Schultz International Inc)

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Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lender Lenders and it shall have been executed by each Credit Party and the Agent, and the Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of each Credit Party, the Agent and each Lender and its their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Profit Recovery Group International Inc)

Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lender Lenders and it shall have been executed by each Credit Party and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of each Credit Party, the Lender and its respective successors and assigns.Credit

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lender and it shall have been executed by each Credit Party and the Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of each Credit Party, the Lender and its their respective successors and assigns.

Appears in 1 contract

Samples: Loan Agreement (Tractor Supply Co /De/)

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Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 and Section 5.2(a) have been satisfied or waived by the Lender Lenders and it shall have been executed by each Credit Party the Borrower and the Agent, and the Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of each Credit Partythe Borrower, the Agent and each Lender and its their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Fritz Companies Inc)

Binding Effect; Termination. (a) This Credit Agreement shall become effective at such time when all of the conditions set forth in Section 5.1 have been satisfied or waived by the Lender Lenders and it shall have been executed by each Credit Party and each Lender and the LenderCollateral Agent, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of each Credit Party, each Lender, the Lender Collateral Agent and its respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (PRG Schultz International Inc)

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