Common use of Conditions Precedent/Effectiveness Conditions Clause in Contracts

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective (the “Effective Date”) upon satisfaction of the following conditions precedent (all documents to be in form and substance satisfactory to Agent and Agent’s counsel): (a) Agent shall have received this Amendment fully executed by Borrowers; (b) Agent shall have received payment of a non-refundable amendment fee in the amount of $10,000; and (c) Agent shall have received payment of the fees and expenses set forth in Section 7 below.

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the date of satisfaction of all of the following conditions precedent (the “Effective Date”) upon satisfaction of the following conditions precedent (all documents to be in form and substance satisfactory to Agent and Agent’s counsel):); (a) Agent shall have received this Amendment fully executed by the Borrowers; (b) Agent shall have received payment of a non-refundable amendment fee in equal to $30,000 which shall be fully earned as of the amount of $10,000date hereof; and (c) Agent No Default or Event of Default shall have received payment of occurred and be continuing under the fees and expenses set forth in Section 7 belowLoan Agreement.

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective (the “Effective Date”) upon satisfaction of the following conditions precedent (all documents to be in form and substance satisfactory to Agent and Agent’s counsel) (the “Effective Date”): (a) Agent shall have received this Amendment fully executed by BorrowersBorrowers and Guarantors; (b) Agent Since March 31, 2017, there shall not have received payment occurred any event, condition or state of facts which could reasonably be expected to have a non-refundable amendment fee in the amount of $10,000; andMaterial Adverse Effect; (c) Agent shall have received payment of the fees all fees, costs, expenses and expenses set forth in Section 7 belowother amounts required to be paid by Borrowers.

Conditions Precedent/Effectiveness Conditions. This Amendment shall be effective upon the occurrence of the following conditions precedent (the “Effective Date”) upon satisfaction of the following conditions precedent (all documents to be in form and substance satisfactory to Agent and Agent’s counsel): (a) Agent shall have received Agent’s receipt of this Amendment fully executed by the Borrowers;; and (b) Agent shall have received Borrowers payment to the Agent, for the benefit of a non-refundable the Lenders, of an amendment fee in the amount of Twenty Five Thousand Dollars ($10,000; and (c) Agent 25,000), in immediately available funds, which fee shall have received payment of the fees be non-refundable and expenses set forth in Section 7 belownot subject to pro-ration.