Conditions Precedent; Effectiveness. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:
Conditions Precedent; Effectiveness. This Amendment shall ----------------------------------- become effective and be deemed effective as of the date hereof, if, and only if, the Agent shall have received on or before midnight (New York time) on the date hereof executed counterparts of this Amendment executed by the Lessee, the Significant Sublessees, the Majority Banks and the Agent.
Conditions Precedent; Effectiveness. 8.1 This agreement is subject to the condition precedent that the general meetings of Schaeffler and Vitesco Technologies have each approved this agreement in accordance with Sections 13 para. 1 and 65 para. 1 UmwG with a majority of three quarters of the share capital represented at the respective resolution.
Conditions Precedent; Effectiveness. (a) This First Amendment shall become effective as of the date hereof when the Administrative Agent shall have received:
Conditions Precedent; Effectiveness. This Amendment shall become effective on the date on which Lender shall have received and Borrower shall have completed, or shall have caused to be completed the following conditions (such date, the “Amendment Effective Date”):
Conditions Precedent; Effectiveness. The amendments contemplated by this agreement shall be effective upon (a) this agreement being duly executed and delivered by the parties thereto; (b) the Guarantors shall have delivered a confirmation of guarantee and security acceptable to the Administrative Agent; (c) payment of all reasonable accrued fees, costs and expenses (invoiced or estimated) payable to the Administrative Agent’s Counsel in cash; and
Conditions Precedent; Effectiveness. (a) The effectiveness of this Supplement is subject to the satisfaction of the following conditions precedent: [[NYCORP:2687405v2:4454W:03/05/07--03:39 p]]
Conditions Precedent; Effectiveness. This Waiver shall become effective as of the first date (the “Waiver Effective Date”) on which each of the following conditions has been satisfied in accordance with the terms hereof:
Conditions Precedent; Effectiveness. This waiver shall become effective on and as of the date of this Agreement on which the following conditions precedent have been satisfied to the reasonable satisfaction of, or waived in writing by, the Lender:
Conditions Precedent; Effectiveness. The waivers and consents of the Bridge Round Investors and Advantage set forth herein are subject to the accuracy of all representations and warranties by the Company contained herein and to the performance by the Company of all the terms and conditions on its part to be performed hereunder. Upon the execution and delivery of this Second Amendment by the holders of at least 75% of the outstanding principal balance of all Bridge Round Notes, Advantage, the Principals, and the Company, and subject to the limitations of this Section 5, (a) the waivers and consents set forth in Sections 2 and 3, above, of this Second Amendment shall be deemed effective immediately prior to the earlier of (i) the closing of the M&I Loan Agreement, or (ii) the closing of the transactions contemplated under the Series D Investment Agreement as described below; and (b) the amendments set forth in Section 1, above of this Second Amendment shall be deemed effective immediately prior to the Conversion Date, as defined in the Series D Investment Agreement. The foregoing notwithstanding, this Second Amendment shall be ineffective, and all of the amendments, waivers, and consents set forth herein shall be null and void if the transactions contemplated by the Series D Investment Agreement do not close within 45 days of the date hereof.
