Common use of Conditions of Effectiveness of Amendment Clause in Contracts

Conditions of Effectiveness of Amendment. This Amendment shall become effective upon the receipt by IBM Credit of this Amendment that shall have been authorized, executed and delivered by each of the parties hereto and IBM Credit shall have received a copy of such fully executed Amendment.

Appears in 2 contracts

Samples: Agreement for Inventory Financing (Pfsweb Inc), Agreement for Inventory Financing (Pfsweb Inc)

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Conditions of Effectiveness of Amendment. This Amendment shall become effective upon the receipt by IBM Credit of this Amendment that which shall have been authorized, executed and delivered by each of the parties hereto and IBM Credit shall have received a copy of such a fully executed Amendment.

Appears in 1 contract

Samples: Agreement for Inventory Financing (Pfsweb Inc)

Conditions of Effectiveness of Amendment. This Amendment shall become effective upon the receipt by IBM Credit of of: (i) this Amendment that which shall have been authorized, executed and delivered by each of the parties hereto and IBM Credit shall have received a copy of such a fully executed Amendment, and (ii) a subordinated demand note issued in favor of IBM Credit, in form and substance satisfactory to IBM Credit, in the amount of One Million Dollars ($1,000,000.00).

Appears in 1 contract

Samples: Agreement for Inventory Financing (Pfsweb Inc)

Conditions of Effectiveness of Amendment. This Amendment shall become effective upon the receipt execution by IBM Credit and each of the Loan Parties, provided that IBM Credit receives a duly authorized and executed counterpart of this Amendment that shall have been authorized, executed and delivered by from each of the parties hereto and IBM Credit shall have received a copy of such fully executed AmendmentLoan Parties on or prior to March 28, 2014.

Appears in 1 contract

Samples: Agreement for Inventory Financing (Pfsweb Inc)

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Conditions of Effectiveness of Amendment. This Amendment shall become effective upon the receipt execution by IBM Credit and each of the Loan Parties, provided that IBM Credit receives a duly authorized and executed counterpart of this Amendment that shall have been authorized, executed and delivered by from each of the parties hereto and IBM Credit shall have received a copy of such fully executed AmendmentLoan Parties on or prior to August __, 2015.

Appears in 1 contract

Samples: Agreement for Inventory Financing (Pfsweb Inc)

Conditions of Effectiveness of Amendment. This Amendment shall become effective upon the receipt execution by IBM Credit and each of the Loan Parties, provided that IBM Credit receives a duly authorized and executed counterpart of this Amendment that shall have been authorized, executed and delivered by from each of the parties hereto and IBM Credit shall have received a copy of such fully executed AmendmentLoan Parties on or prior to March 31, 2012.

Appears in 1 contract

Samples: Agreement for Inventory Financing (Pfsweb Inc)

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