Common use of Conditions Precedent/Effectiveness Conditions Clause in Contracts

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel): (a) Administrative Agent shall have received this Amendment duly executed by Lenders and all Loan Parties; (b) Loan Parties shall have paid or reimbursed Administrative Agent for its reasonable attorneys’ fees and expenses as required under the Credit Agreement, including those in connection with the preparation, negotiation and execution of this Amendment and the documents provided for herein or related hereto; (c) Administrative Agent shall have received each of the agreements, instruments, certificates and documents listed on Exhibit C attached hereto; and (d) Execution and/or delivery of all other agreements, instruments and documents requested by Administrative Agent to effectuate and implement the terms hereof.

Appears in 2 contracts

Samples: Credit Agreement (Sl Industries Inc), Credit Agreement (Sl Industries Inc)

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Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel): (a) Administrative Agent shall have received this Amendment duly executed by Lenders and all Loan Parties; (b) Loan Parties shall have paid or reimbursed Administrative Agent for its reasonable attorneys’ fees and expenses as required under the Credit Agreement, including those in connection with the preparation, negotiation and execution of this Amendment and the documents provided for herein or related hereto; (c) Administrative Agent shall have received each an amendment fee in an amount equal to $20,000, which Borrowers acknowledge was fully earned and payable upon execution of the agreements, instruments, certificates and documents listed on Exhibit C attached heretothis Amendment; and (d) Execution and/or delivery of all other agreements, instruments and documents requested by Administrative Agent to effectuate and implement the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Sl Industries Inc)

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon (the “Effective Date”) the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel): (a) Administrative Agent shall have received this Amendment duly executed by Lenders and all Loan Parties; (b) Loan Parties shall have paid or reimbursed Administrative Agent for its reasonable attorneys’ Payment of the fees and expenses as required under described Section 7 below incurred through the Credit Agreement, including those in connection with the preparation, negotiation and execution of this Amendment and the documents provided for herein or related heretoEffective Date; (c) Administrative Agent After giving effect to this Amendment, no Potential Default or Event of Default shall have received each of the agreements, instruments, certificates occurred and documents listed on Exhibit C attached heretobe continuing; (d) The representations and warranties set forth herein must be true and correct in all material respects; and (de) Execution and/or delivery of all other agreements, instruments and documents requested by Administrative Agent to effectuate and implement the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Steel Partners Holdings L.P.)

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon (the “Effective Date”) the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel): (a) Administrative Agent shall have received this Amendment duly executed by Lenders and all Loan Parties; (b) Loan Parties shall have paid or reimbursed Administrative Agent for its reasonable attorneys’ fees and expenses as required under the Credit Agreement, including those in connection with the preparation, negotiation and execution of this Amendment and the documents provided for herein or related hereto; (c) Administrative Agent shall have received each of the agreements, instruments, certificates agreements and documents (all fully executed, as applicable) listed on the Closing Checklist attached hereto as Exhibit C attached heretoA; (c) Payment of the Amendment Fee and Accordion Upfront Fee; (d) After giving effect to this Amendment, no Potential Default or Event of Default shall have occurred and be continuing; and (de) Execution and/or delivery of all other agreements, instruments and documents requested by Administrative Agent to effectuate and implement the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Steel Partners Holdings L.P.)

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Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel): (a) Administrative Agent shall have received this Amendment duly executed by Lenders and all Loan Parties; (b) Loan Parties shall have paid or reimbursed Administrative Agent for its reasonable attorneys’ fees and expenses as required under the Credit Agreement, including those in connection with the preparation, negotiation and execution of this Amendment and the documents provided for herein or related hereto; (c) Administrative Agent shall have received each of the agreements, instruments, certificates and documents listed on Exhibit C A attached hereto; and (d) Execution and/or delivery of all other agreements, instruments and documents requested by Administrative Agent to effectuate and implement the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Sl Industries Inc)

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel): (a) Administrative Agent shall have received this Amendment duly executed by Lenders and all Loan Parties; (b) Loan Parties shall have paid or reimbursed Administrative Agent for its reasonable attorneys’ fees and expenses as required under the Credit Agreement, including those in connection with the preparation, negotiation and execution of this Amendment and the documents provided for herein or related hereto; (c) Administrative Agent shall have received each an executed version of the agreements, instruments, certificates and documents listed on Exhibit C attached heretoDiscount Agreement; and (d) Execution and/or delivery of all other agreements, instruments and documents requested by Administrative Agent to effectuate and implement the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Sl Industries Inc)

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