CONDITIONS PRECEDENT TO EFFECTIVENESS OF THIS AGREEMENT AND AMENDMENT. This Agreement and Amendment shall become effective as of the time (the "Effective Date") on which each of the following conditions precedent shall have been fulfilled:
Appears in 4 contracts
Samples: Credit Agreement (Oglebay Norton Co /Ohio/), Loan Agreement (Oglebay Norton Co /Ohio/), Loan Agreement (Oglebay Norton Co /Ohio/)
CONDITIONS PRECEDENT TO EFFECTIVENESS OF THIS AGREEMENT AND AMENDMENT. This Agreement and Amendment shall become effective as of the time (the "Effective Date") on which each of the following conditions precedent shall have been fulfilled:fulfilled (provided, however, that, at the election of the Agent, exercised at any time, this Agreement and Amendment will be effective notwithstanding the failure of Borrower to satisfy one or more of such conditions precedent):
Appears in 2 contracts
Samples: Loan Agreement (Oglebay Norton Co /Ohio/), Credit Agreement (Oglebay Norton Co /Ohio/)
