Common use of Conditions Precedent to the Effectiveness of the Amendment Clause in Contracts

Conditions Precedent to the Effectiveness of the Amendment. This Amendment shall become effective as of the date first written above (the “Amendment Effective Date”) upon the satisfaction (or waiver by the Lenders party hereto) of the following conditions: (a) The Administrative Agent shall have received counterparts of this Amendment (which may include facsimile or electronic transmission (including Adobe pdf file) of a signed signature page of this Amendment) that, when taken together, bear the signatures of Parent, the Borrower, Davox, VoiceObjects, Voxeo, the Required Lenders, each existing Revolving Lender, the Issuing Bank and the Administrative Agent. (b) The representations and warranties of each Loan Party set forth in the Loan Documents (including this Amendment) that are qualified by “materiality”, “Material Adverse Effect” or similar language shall be true and correct, and the representations and warranties that are not so qualified shall be true and correct in all material respects, in each case on and as of the effective date of this Amendment (other than with respect to any representation and warranty that expressly relates to an earlier date, in which case such representation and warranty shall be true and correct, or true and correct in all material respects, as the case may be, as of such earlier date). (c) Immediately after giving effect to the effectiveness of this Amendment, no Default shall have occurred and be continuing. (d) The PIK Amendment Fee shall have been added to the principal balance of the Loans held by each applicable Lender party hereto.

Appears in 1 contract

Samples: Credit Agreement (Aspect Software Parent, Inc.)

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Conditions Precedent to the Effectiveness of the Amendment. This Amendment shall become effective as of the date first written above (the “Amendment Effective Date”) upon the satisfaction (or waiver by the Lenders party hereto) of the following conditions: (a) The Administrative Agent shall have received counterparts from each existing Revolving Lender and each other party hereto either (A) a counterpart of this Amendment signed on behalf of such party or (B) written evidence satisfactory to the Administrative Agent (which may include facsimile or electronic transmission (including Adobe pdf file) of a signed signature page of this Amendment) that, when taken together, bear the signatures that such party has signed a counterpart of Parent, the Borrower, Davox, VoiceObjects, Voxeo, the Required Lenders, each existing Revolving Lender, the Issuing Bank and the Administrative Agentthis Amendment. (b) The representations and warranties of TopCo and each Loan Party set forth in the Loan Documents (including this Amendment) that are qualified by “materiality”, “Material Adverse Effect” or similar language shall be true and correct, and the representations and warranties that are not so qualified shall be true and correct in all material respects, in each case on and as of the effective date of this Amendment (other than with respect to any representation and warranty that expressly relates to an earlier date, in which case such representation and warranty shall be true and correct, or true and correct in all material respects, as the case may be, as of such earlier date). (c) Immediately At the time of and immediately after giving effect to the effectiveness of this Amendment, no Default shall have occurred and be continuing. (d) The PIK Amendment Fee Administrative Agent shall have received from the Borrower an amendment fee, payable to the Administrative Agent for the account of each Revolving Lender, in an amount equal to 0.20% of the aggregate amount of the Revolving Commitments held by such Revolving Lender immediately prior to the effectiveness of this Amendment. (e) The Administrative Agent shall have been added reimbursed for the expenses referenced in Section 8 hereof (to the principal balance of the Loans held by each applicable Lender party heretoextent invoiced).

Appears in 1 contract

Samples: Credit Agreement (Aspect Software Group Holdings Ltd.)

Conditions Precedent to the Effectiveness of the Amendment. This Amendment shall become effective as of on the date first written above (the “Amendment Effective Date”) upon the satisfaction (or waiver by the Lenders party hereto) of the following conditions: (a) The Administrative Agent shall have received counterparts from each existing Revolving Lender and each other party hereto either (A) a counterpart of this Amendment signed on behalf of such party or (B) written evidence satisfactory to the Lenders party hereto (which may include facsimile or electronic transmission (including Adobe pdf file) of a signed signature page of this Amendment) that, when taken together, bear the signatures that such party has signed a counterpart of Parent, the Borrower, Davox, VoiceObjects, Voxeo, the Required Lenders, each existing Revolving Lender, the Issuing Bank and the Administrative Agentthis Amendment. (b) The representations and warranties of TopCo and each Loan Party set forth in the Loan Documents (including this Amendment) that are qualified by "materiality", "Material Adverse Effect" or similar language shall be true and correct, and the representations and warranties that are not so qualified shall be true and correct in all material respects, in each case on and as of the effective date of this Amendment (other than with respect to any representation and warranty that expressly relates to an earlier date, in which case such representation and warranty shall be true and correct, or true and correct in all material respects, as the case may be, as of such earlier date). (c) Immediately At the time of and immediately after giving effect to the effectiveness of this Amendment, no Default shall have occurred and be continuing. (d) The PIK Amendment Fee shall have been added to the principal balance of the Loans held by each applicable Lender party hereto.

Appears in 1 contract

Samples: Credit Agreement (Aspect Software Group Holdings Ltd.)

Conditions Precedent to the Effectiveness of the Amendment. This Amendment shall become effective as of May 7, 2014, immediately prior to the date first written above automatic termination of the Revolving Commitments on the Revolving Maturity Date (as defined in the “Amendment Effective Date”) Credit Agreement prior to giving effect to this Amendment), upon the satisfaction (or waiver by the Lenders party hereto) of the following conditions: (a) The Administrative Agent shall have received counterparts from each existing Revolving Lender and each other party hereto either (A) a counterpart of this Amendment signed on behalf of such party or (B) written evidence satisfactory to the Lenders party hereto (which may include facsimile or electronic transmission (including Adobe pdf file) of a signed signature page of this Amendment) that, when taken together, bear the signatures that such party has signed a counterpart of Parent, the Borrower, Davox, VoiceObjects, Voxeo, the Required Lenders, each existing Revolving Lender, the Issuing Bank and the Administrative Agentthis Amendment. (b) The representations and warranties of TopCo and each Loan Party set forth in the Loan Documents (including this Amendment) that are qualified by “materiality”, “Material Adverse Effect” or similar language shall be true and correct, and the representations and warranties that are not so qualified shall be true and correct in all material respects, in each case on and as of the effective date of this Amendment (other than with respect to any representation and warranty that expressly relates to an earlier date, in which case such representation and warranty shall be true and correct, or true and correct in all material respects, as the case may be, as of such earlier date). (c) Immediately At the time of and immediately after giving effect to the effectiveness of this Amendment, no Default shall have occurred and be continuing. (d) The PIK Amendment Fee shall have been added to the principal balance of the Loans held by each applicable Lender party hereto.

Appears in 1 contract

Samples: Credit Agreement (Aspect Software Group Holdings Ltd.)

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Conditions Precedent to the Effectiveness of the Amendment. This Amendment shall become effective as of May 14, 2014, immediately prior to the date first written above automatic termination of the Revolving Commitments on the Revolving Maturity Date (as defined in the “Amendment Effective Date”) Credit Agreement prior to giving effect to this Amendment), upon the satisfaction (or waiver by the Lenders party hereto) of the following conditions: (a) The Administrative Agent shall have received counterparts from each existing Revolving Lender and each other party hereto either (A) a counterpart of this Amendment signed on behalf of such party or (B) written evidence satisfactory to the Administrative Agent (which may include facsimile or electronic transmission (including Adobe pdf file) of a signed signature page of this Amendment) that, when taken together, bear the signatures that such party has signed a counterpart of Parent, the Borrower, Davox, VoiceObjects, Voxeo, the Required Lenders, each existing Revolving Lender, the Issuing Bank and the Administrative Agentthis Amendment. (b) The representations and warranties of TopCo and each Loan Party set forth in the Loan Documents (including this Amendment) that are qualified by “materiality”, “Material Adverse Effect” or similar language shall be true and correct, and the representations and warranties that are not so qualified shall be true and correct in all material respects, in each case on and as of the effective date of this Amendment (other than with respect to any representation and warranty that expressly relates to an earlier date, in which case such representation and warranty shall be true and correct, or true and correct in all material respects, as the case may be, as of such earlier date). (c) Immediately At the time of and immediately after giving effect to the effectiveness of this Amendment, no Default shall have occurred and be continuing. (d) The PIK Amendment Fee shall have been added to the principal balance of the Loans held by each applicable Lender party hereto.

Appears in 1 contract

Samples: Credit Agreement (Aspect Software Group Holdings Ltd.)

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