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Common use of Conditions Precedent/Effectiveness Conditions Clause in Contracts

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the date of satisfaction of all of the following conditions precedent (the “Effective Date”): (a) Agent shall have received this Amendment fully executed by the Borrowers; (b) Agent shall have received an incumbency certificate for each Borrower identifying all authorized officers with specimen signatures, certified by the Secretary of such Borrower; (c) Agent shall have received reasonably satisfactory evidence that the Delisting shall be consummated; and (d) No Default or Event of Default shall have occurred and be continuing under the Loan Agreement.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (IBEX LTD), Revolving Credit and Security Agreement (IBEX LTD), Revolving Credit and Security Agreement (IBEX Holdings LTD)

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the date of satisfaction of all of the following conditions precedent (the “Effective Date”): (a) Agent shall have received this Amendment fully executed by the Borrowers; (b) Agent shall have received an incumbency certificate for each Borrower identifying all authorized officers with specimen signatures, certified by evidencing the Secretary authority of such Borrower; (c) Agent shall have received reasonably satisfactory evidence that the Delisting shall be consummatedXxxxxxxx Xxxxxxxx to execute this Amendment as Interim Chief Executive Officer of IBEX; and (dc) No Default or Event of Default shall have occurred and be continuing under the Loan Agreement.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (IBEX LTD), Revolving Credit and Security Agreement (IBEX LTD), Revolving Credit and Security Agreement (IBEX Holdings LTD)

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the date of satisfaction of all of the following conditions precedent (the “Effective Date”): (a) Agent shall have received this Amendment fully executed by the Borrowers; (b) Agent shall have received an incumbency certificate for each Borrower identifying all authorized officers with specimen signatures, certified by the Secretary of such Borrower; (c) other documents as Agent shall have received or counsel to Agent may reasonably satisfactory evidence that the Delisting shall be consummatedrequest; and (dc) No Default or Event of Default shall have occurred and be continuing under either Loan Agreement after giving effect to the Loan Agreementterms of this Amendment.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (IBEX LTD), Revolving Credit and Security Agreement (IBEX LTD), Revolving Credit and Security Agreement (IBEX Holdings LTD)

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the date of satisfaction of (the “Effective Date”) when all of the following conditions precedent (the “Effective Date”):have been satisfied: (a) Agent shall have received this Amendment fully executed by Borrowers and the BorrowersLenders; (b) Agent shall have received an updated incumbency certificate for each Borrower identifying all evidencing authorized officers signers of Borrowers and their official titles together with specimen signatures, certified by the Secretary of such Borrower; (c) Agent shall have received reasonably satisfactory evidence that the Delisting shall be consummated; and (dc) No Default or Event of Default (other than the Existing Events of Default) shall have occurred and be continuing under the Loan Agreementcontinuing.

Appears in 2 contracts

Samples: Revolving Credit, Term Loan and Security Agreement (Appliance Recycling Centers of America Inc /Mn), Revolving Credit, Term Loan and Security Agreement (Appliance Recycling Centers of America Inc /Mn)

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the date of satisfaction of (the “Effective Date”) when all of the following conditions precedent (the “Effective Date”):have been satisfied: (a) Agent shall have received this Amendment fully executed by Borrowers and the BorrowersLenders; (b) Agent shall have received an updated incumbency certificate for each Borrower identifying all evidencing authorized officers signers of Borrowers and their official titles together with specimen signatures, certified by the Secretary of such Borrower; (c) Agent shall have received reasonably satisfactory evidence that the Delisting shall be consummated; and (dc) No Default or Event of Default shall have occurred and be continuing under the Loan Agreementcontinuing.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Appliance Recycling Centers of America Inc /Mn)