Condition Precedent to the Effectiveness of this Agreement. This Agreement will not become effective until it has been approved by the Audit Committee of the SHC Board.
Condition Precedent to the Effectiveness of this Agreement. This Agreement shall become effective upon the Administrative Agent’s receipt of counterparts of this Agreement executed by the Borrower, the Lenders, the Issuing Lenders and the Administrative Agent (the first date on which the foregoing condition has been satisfied being referred to herein as the “Effective Date”). The Administrative Agent shall promptly notify in writing the Borrower, the Lenders and the Issuing Lenders upon the satisfaction of the condition precedent to the Effective Date.
Condition Precedent to the Effectiveness of this Agreement. This Agreement shall not become effective until it has been approved by the Audit Committee of the Board of Directors of Sears Holdings Corporation.
Condition Precedent to the Effectiveness of this Agreement. 4.1 The effectiveness of this Agreement is subject to the satisfaction of the following conditions, none of which may be waived or modified:
Condition Precedent to the Effectiveness of this Agreement. This Agreement will not be binding on either Party unless and until it has been approved by the Audit Committee of the Board of Directors of SHLD.
Condition Precedent to the Effectiveness of this Agreement. This Agreement will not become effective until it has been approved by the Audit Committee of the Board of Directors of SHC and by the Audit Committee of the Board of Directors of Buyer. Further, this Agreement will not become effective until the parties (or their Affiliates, as applicable) also execute (collectively the “Related Amendments”): (a) Amendment #4 to Services Agreement, (b) Amendment #1 to Employee Transition and Administrative Services Agreement, (c) Amendment #1 to Shop Your Way Rewards Retail Establishment Agreement, (d) Amendment #1 to Trademark License Agreement, and (e) Amendment #1 to Supplemental Agreement, (f) Amendment No. 4 to the prior Merchandising Agreement between the Parties, and (g) Amendment #2 to Store License Agreement (Outlet).
Condition Precedent to the Effectiveness of this Agreement. The effectiveness of this Agreement shall be subject to the Administrative Agent acknowledging receipt of $1,986,001,600, which represents the principal amount of all outstanding loans together with accrued interest thereon, and all fees and other Obligations of the Borrower accrued under the Credit Agreement as of January 30, 2017.
Condition Precedent to the Effectiveness of this Agreement. The effectiveness of this Agreement shall be subject to the effectiveness of Amendment No. 1 to the Credit Agreement on or about January 30, 2017.
Condition Precedent to the Effectiveness of this Agreement. This Agreement will not become effective until it has been approved by the respective Parties.
Condition Precedent to the Effectiveness of this Agreement. This Agreement will not become effective until it has been approved by the EATC UT Board.
