Common use of Condition Precedent to Effectiveness of this Agreement Clause in Contracts

Condition Precedent to Effectiveness of this Agreement. This Agreement and the Forbearance shall become effective upon satisfaction or waiver of each of the following conditions (the date on which such condition is satisfied or waived, the “Agreement Effective Date”): (a) the parties to this Agreement receiving counterparts of this Agreement duly executed by (i) the Loan Parties and (ii) Lenders who collectively constitute the Requisite Lenders; and (b) entry into each of the Other Forbearance Agreements, which shall be in form and substance acceptable to the Requisite Lenders, acting in their sole discretion.

Condition Precedent to Effectiveness of this Agreement. This Agreement and the Forbearance shall become effective upon satisfaction or waiver of each of the following conditions (the date on which such condition is satisfied or waived, the “Agreement Effective Date”): (a) the parties to this Agreement receiving counterparts of this Agreement duly executed by (i) the Loan Parties Borrowers and (ii) Lenders who collectively constitute the Requisite Lenders; and (b) entry into each of the Other Forbearance Agreements, which shall be in form and substance acceptable to the Requisite Lenders, acting in their sole discretion.

Condition Precedent to Effectiveness of this Agreement. This Agreement and the Forbearance shall become effective upon satisfaction or waiver of each of the following conditions (the date on which such condition is satisfied or waived, the “Agreement Effective Date”): (a) the parties to this Agreement receiving counterparts of this Agreement duly executed by (i) the Loan Parties Operating Partnership and (ii) Lenders the Forbearing Holders, who collectively constitute the Requisite LendersThreshold Holders; and (b) entry into each of the Other Forbearance Agreements, which shall be in form and substance acceptable to the Requisite LendersThreshold Holders, acting in their sole discretion.