Common use of Conditions to Amendment Clause in Contracts

Conditions to Amendment. This Amendment shall become effective upon satisfaction of the following conditions precedent (the “Effective Date”): (a) the due execution and delivery of a counterpart signature page to this Amendment by the Borrower, the Guarantors, the Blackstone Representative, the Lenders and the Administrative Agent; (b) the representations and warranties of the Borrower set forth herein shall be true and correct in all material respects (except to the extent such representations and warranties are already qualified by materiality or Material Adverse Effect, which representations and warranties shall be true and correct in all respects) on and as of the Effective Date (or, to the extent that any such representation or warranty is expressly stated to have been made as of an earlier date, as of such earlier date); (c) payment of the Upsize Fee, in accordance with the terms of, and as such term is defined in First Amendment Upfront Fee Letter; (d) the Required Ratings Test shall be satisfied and, in connection therewith, the Administrative Agent and the Blackstone Representative shall have received (a) an updated Private Rating Letter issued by the Rating Agency setting forth the Debt Rating for the Loans (after giving effect to the to the additional Commitments made available on the First Amendment Date), which shall have the Required Rating applicable thereto, and (b) an updated related Private Rating Rationale Report with respect to such Debt Rating; and (e) the Administrative Agent and the Blackstone Representative shall have received (i) a Notice of New Project with respect to the New Projects set forth in Schedule 1.01E hereto and all documents required to be delivered in connection with each such New Project and related Permitted Acquisitions, including a Guarantee Assumption Agreement and a Contribution Agreement as required pursuant to the terms of the Loan Documents, and (ii) each other document listed on the closing checklist delivered to Borrower on or prior to the date of this Amendment in form and substance reasonably satisfactory to the Blackstone Representative.

Appears in 1 contract

Samples: Amendment No. 1 (Altus Power, Inc.)

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Conditions to Amendment. This The following are conditions to this Amendment shall become effective upon satisfaction of the following conditions precedent (the “Effective Date”):and must be satisfied to Administrative Agent’s satisfaction: (a) the due execution Xxxxxxxx and delivery of a counterpart signature page Xxxxxxxxx have executed and delivered to Administrative Agent this Amendment by the Borrower, the Guarantors, the Blackstone Representative, the Lenders and the Administrative Agentother documents to be executed and delivered in connection herewith; (b) Xxxxxxxx has paid to Administrative Agent a loan Extension Fee in the representations and warranties amount of the Borrower set forth herein shall be true and correct in all material respects (except to the extent such representations and warranties are already qualified by materiality or Material Adverse Effect, which representations and warranties shall be true and correct in all respects) on and as of the Effective Date (or, to the extent that any such representation or warranty is expressly stated to have been made as of an earlier date, as of such earlier date)$80,800.00; (c) payment of the Upsize FeeBorrower has paid all expenses incurred by Administrative Agent in connection with this transaction, in accordance with the terms ofincluding appraisal fees, title policy premiums, Amendment to Loan Agreement 4 recording fees and closing costs, as such term is defined in First Amendment Upfront Fee Letterapplicable; (dx) Xxxxxxxx has paid the Required Ratings Test shall be satisfied andfees and expenses of counsel to Administrative Agent incurred in connection with the preparation and negotiation of this Amendment and other documents executed and delivered in connection herewith; (e) Borrower has paid for and provided to Administrative Agent a loan policy of title insurance in a form acceptable to Administrative Agent, in connection therewithits sole and absolute discretion, the Administrative Agent and the Blackstone Representative shall have received (a) an updated Private Rating Letter issued by the Rating Agency setting forth Title Company, on a coinsurance or reinsurance basis (with direct access endorsement or rights) if required by Administrative Agent, in the Debt Rating maximum amount of the New TCB Note, insuring that the Security Instrument constitutes a valid second lien covering the Land and Improvements, subject only to those exceptions that Administrative Agent may approve in writing and containing those endorsements that Administrative Agent may require and which are available under applicable title insurance rules and regulations; (f) Administrative Agent has received certificates of existence and good standing (or similar documentation) for Borrower and its general partner, certified by the Loans (after giving effect to the to the additional Commitments made available on the First Amendment Date), which shall have the Required Rating applicable thereto, and (b) an updated related Private Rating Rationale Report with respect to such Debt RatingSecretary of State or other governmental authority; and (eg) the Borrower has provided Administrative Agent such other items as Administrative Agent may reasonably require. Notwithstanding the terms and conditions of the Blackstone Representative Fee Letter, immediately upon Administrative Agent’s grant, and Xxxxxxxx’s exercise, of the Extension Period (First), Borrower shall have received (i) a Notice of New Project with respect pay to Administrative Agent the New Projects Extension Fee in the amount set forth in Schedule 1.01E hereto and all documents required to be delivered in connection with each such New Project and related Permitted AcquisitionsSection 10(b) above. Furthermore, including a Guarantee Assumption Agreement and a Contribution Agreement as required pursuant to notwithstanding the terms and conditions of the Loan DocumentsFee Letter, and (ii) each other document listed on the closing checklist delivered to Borrower second Extension Fee in the amount of $80,800.00 shall be paid on or prior to before the effective date of this Amendment in form and substance reasonably satisfactory to the Blackstone RepresentativeExtension Period (Second), as applicable.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

Conditions to Amendment. This Amendment shall become effective upon the satisfaction of the following conditions precedent (the “Third Amendment Effective Date”): (a) the due execution and delivery of a counterpart signature page to The Administrative Agent shall have received this Amendment Amendment, duly executed by the Borrower, the Guarantors, the Blackstone RepresentativeAdministrative Agent, the Lenders and the Borrower; (b) The Administrative Agent shall have received the Third Amendment Fee Letter, duly executed by the Administrative Agent and the Borrower; (c) The Administrative Agent shall have received a copy of a conforming waiver and amendment to the ABL Credit Agreement, duly executed by the ABL Lender and the Borrower, in form and substance reasonably satisfactory to the Administrative Agent; (bd) The Administrative Agent shall have received a copy of a consent and amendment to the Intercreditor Agreement, duly executed by the Administrative Agent and the ABL Lender, in form and substance reasonably satisfactory to the Administrative Agent; (e) The Administrative Agent shall have received a copy of a written opinion of the Loan Parties’ counsel, addressed to the Administrative Agent and the Lenders, in form and substance satisfactory to the Administrative Agent; (f) The Administrative Agent shall have received all fees required to be paid under the Third Amendment Fee Letter, and all expenses for which invoices have been presented (including the reasonable fees and expenses of legal counsel), on or before the date hereof; (g) Immediately before and after giving effect to this Amendment, each of the representations and warranties of the Borrower each Loan Party set forth herein shall be in the Credit Agreement and the other Loan Documents (other than with respect to the Existing Events of Default) are true and correct in all material respects (except to the extent such representations and warranties are already qualified by materiality or Material Adverse Effect, which representations and warranties shall be true and correct in all respects) on and as of the Effective Date date hereof (or, except to the extent that any such representation or warranty which by its terms is expressly stated to have been made as of an earlier a specified date, such representation or warranty is true and correct as of such earlier specified date);; and (ch) payment of the Upsize Fee, in accordance with the terms of, Immediately before and as such term is defined in First Amendment Upfront Fee Letter; (d) the Required Ratings Test shall be satisfied and, in connection therewith, the Administrative Agent and the Blackstone Representative shall have received (a) an updated Private Rating Letter issued by the Rating Agency setting forth the Debt Rating for the Loans (after giving effect to this Amendment, no Default (other than the to the additional Commitments made available on the First Amendment Date), which Existing Events of Default) shall have the Required Rating applicable thereto, occurred and (b) an updated related Private Rating Rationale Report with respect to such Debt Rating; and (e) the Administrative Agent and the Blackstone Representative shall have received (i) a Notice of New Project with respect to the New Projects set forth in Schedule 1.01E hereto and all documents required to be delivered in connection with each such New Project and related Permitted Acquisitions, including a Guarantee Assumption Agreement and a Contribution Agreement as required pursuant to the terms of the Loan Documents, and (ii) each other document listed on the closing checklist delivered to Borrower on or prior to the date of this Amendment in form and substance reasonably satisfactory to the Blackstone Representativecontinuing.

Appears in 1 contract

Samples: Credit Agreement (Sigmatron International Inc)

Conditions to Amendment. This Amendment a. Unless otherwise agreed to by the Bank in writing, concurrently with the execution of this Amendment, and as a condition of its effectiveness: (i) Borrower shall become effective upon satisfaction execute and deliver to the Bank the Allonge in the form annexed hereto as Exhibit A; (ii) Borrower and each of the following conditions precedent Guarantors shall execute and deliver to the Bank a Security Agreement in the form annexed hereto as Exhibit B (the “Effective Date”): (a) "Security Agreement"), granting to the due execution Bank a valid security interest in all present and delivery future inventory and accounts receivable of a counterpart signature page to this Amendment by the Borrower, Borrower and each of the Guarantors, the Blackstone Representative, the Lenders and the Administrative Agentall proceeds thereof; (biii) Borrower and each Guarantor shall execute and deliver to the representations Bank UCC-1 financing statements, satisfactory in form and warranties substance to the Bank, necessary to perfect a first position security interest in the collateral described in the Security Agreement; (iv) Each Subsidiary of the Borrower set forth herein shall be true execute and correct in all material respects (except deliver to the extent such representations Bank an Amended and warranties are already qualified by materiality or Material Adverse EffectRestated Guaranty and Suretyship Agreement in the form annexed hereto as Exhibit C, which representations guaranteeing all present and warranties shall be true and correct in all respects) on and as future obligations of the Effective Date (or, Borrower to the extent that any such representation or warranty is expressly stated to have been made as of an earlier date, as of such earlier date)Bank; (cv) payment of Borrower shall have paid the Upsize Fee$15,000 facility fee due and payable in connection with this Amendment and all costs and expenses (including, without limitation, reasonable attorneys' fees) incurred by the Bank in accordance connection with the terms of, and as such term is defined in First Amendment Upfront Fee Letterthis Amendment; (dvi) the Required Ratings Test shall be satisfied and, in connection therewith, the Administrative Agent Borrower and the Blackstone Representative Guarantors shall have received (a) an updated Private Rating Letter issued by the Rating Agency setting forth the Debt Rating for the Loans (after giving effect delivered to the to the additional Commitments made available on the First Amendment Date)Bank a Landlord Waiver and Estoppel, which shall have the Required Rating applicable thereto, and (b) an updated related Private Rating Rationale Report with respect to such Debt Rating; and (e) the Administrative Agent and the Blackstone Representative shall have received (i) a Notice of New Project with respect to the New Projects set forth in Schedule 1.01E hereto and all documents required to be delivered in connection with each such New Project and related Permitted Acquisitions, including a Guarantee Assumption Agreement and a Contribution Agreement as required pursuant to the terms of the Loan Documents, and (ii) each other document listed on the closing checklist delivered to Borrower on or prior to the date of this Amendment in form and substance reasonably satisfactory to the Blackstone RepresentativeBank, from such landlords of Borrower and the Guarantors as may be reasonably requested by the Bank; (vii) The Bank shall have received the legal opinion of counsel to Borrower and the Guarantors, covering such matters reasonably requested by the Bank and in form and substance reasonably satisfactory to the Bank; and (viii) The Bank shall have received all searches, reports, certificates, corporate resolutions and other documents and instruments as may reasonably be required by the Bank to verify the accuracy of the representations and warranties and compliance with the covenants contained in the Credit Agreement.

Appears in 1 contract

Samples: Equipment Facility and Revolving Credit Agreement (Vestcom International Inc)

Conditions to Amendment. This Amendment shall become effective upon satisfaction of the following conditions precedent (the “Effective Date”): (a) the due execution and delivery of a counterpart signature page to this Amendment by the Borrower, the Guarantors, the Blackstone Representative, the Lenders and the Administrative Agent; (b) the representations and warranties of the Borrower set forth herein shall be true and correct in all material respects (except to the extent such representations and warranties are already qualified by materiality or Material Adverse Effect, which representations and warranties shall be true and correct in all respects) on and as of the 7 Effective Date (or, to the extent that any such representation or warranty is expressly stated to have been made as of an earlier date, as of such earlier date); (c) payment of the Upsize Fee, in accordance with the terms of, and as such term is defined in First Third Amendment Upfront Fee Letter; (d) the Required Ratings Test shall be satisfied and, in connection therewith, the Administrative Agent and the Blackstone Representative shall have received (a) an updated Private Rating Letter issued by the Rating Agency setting forth the Debt Rating for the Loans (after giving effect to the to the additional Commitments made available on the First Third Amendment Date), which shall have the Required Rating applicable thereto, and (b) an updated related Private Rating Rationale Report with respect to such Debt Rating; and (e) the Administrative Agent and the Blackstone Representative shall have received (i) a Notice of New Project with respect to the New Projects set forth in Schedule 1.01E hereto and all documents required to be delivered in connection with each such New Project and related Permitted Acquisitions, including a Guarantee Assumption Agreement and a Contribution Agreement as required pursuant to the terms of the Loan Documents, and (ii) each other document listed on the closing checklist delivered to Borrower on or prior to the date of this Amendment in form and substance reasonably satisfactory to the Blackstone Representative.

Appears in 1 contract

Samples: Credit Agreement (Altus Power, Inc.)

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Conditions to Amendment. This Amendment shall become effective upon satisfaction of the following conditions precedent (the “Effective Date”): (a) the due execution and delivery of a counterpart signature page to this Amendment by the Borrower, the Guarantors, the Blackstone Representative, the Lenders and the Administrative Agent; (b) the representations and warranties of the Borrower set forth herein shall be true and correct in all material respects (except to the extent such representations and warranties are already qualified by materiality or Material Adverse Effect, which representations and warranties shall be true and correct in all respects) on and as of the Effective Date (or, to the extent that any such representation or warranty is expressly stated to have been made as of an earlier date, as of such earlier date); (c) payment of the Upsize Fee, in accordance with the terms of, and as such term is defined in First Second Amendment Upfront Fee Letter; (d) the Required Ratings Test shall be satisfied and, in connection therewith, the Administrative Agent and the Blackstone Representative shall have received (a) an updated Private Rating Letter issued by the Rating Agency setting forth the Debt Rating for the Loans (after giving effect to the to the additional Commitments made available on the First Second Amendment Date), which shall have the Required Rating applicable thereto, and (b) an updated related Private Rating Rationale Report with respect to such Debt Rating; and (e) the Administrative Agent and the Blackstone Representative shall have received (i) a Notice of New Project with respect to the New Projects set forth in Schedule 1.01E hereto and all documents required to be delivered in connection with each such New Project and related Permitted Acquisitions, including a Guarantee Assumption Agreement and a Contribution Agreement as required pursuant to the terms of the Loan Documents, and (ii) each other document listed on the closing checklist delivered to Borrower on or prior to the date of this Amendment in form and substance reasonably satisfactory to the Blackstone Representative.

Appears in 1 contract

Samples: Credit Agreement (Altus Power, Inc.)

Conditions to Amendment. This The effectiveness of this First Amendment and the obligations of CII hereunder are subject to the following conditions: SECTION 1.1 The Company shall become effective upon satisfaction execute and deliver to CII an Addendum to Convertible Subordinated Debenture in the original principal amount of Seven hundred Sixty-Three Thousand Two Hundred Eight Dollars ($763,208.00) and having a final maturity date of December 31, 1999 in form and substance satisfactory to CII (the "Addendum to Debenture"). SECTION 1.2 CII shall have received a First Amendment to Escrow Agreement modifying the terms thereof. SECTION 1.3 CII shall have received from the Company an Addendum to the Class I Warrants, and Addendum to the Class II Warrants and an Addendum to the Class III Warrants, all in form and substance satisfactory to CII. SECTION 1.4 CII shall have received each of the following conditions precedent (the “Effective Date”):other documents and items listed below, all in form and substance satisfactory to CII: (a) Certificate of the due execution and delivery Secretary of a counterpart signature page to this Amendment by the BorrowerCompany, certifying: (i) the Guarantors, accuracy of the Blackstone Representative, corporate resolutions attached thereto authorizing the Lenders transactions contemplated hereby and the Administrative Agentexecution of all necessary documents; (ii) that the Certificate of Incorporation attached thereto has not been amended and is in full force and effect; (iii) that the Bylaws attached thereto are accurate and have not been amended and are in full force and effect; and (iv) that the named officers are incumbent and that their signatories are as shown; (b) Certificate of Good Standing of recent date issued by the representations and warranties Secretary of the Borrower set forth herein shall be true and correct in all material respects (except to State of Connecticut for the extent such representations and warranties are already qualified by materiality or Material Adverse Effect, which representations and warranties shall be true and correct in all respects) on and as of the Effective Date (or, to the extent that any such representation or warranty is expressly stated to have been made as of an earlier date, as of such earlier date)Company; (c) payment Tax clearance letters of recent date from the Upsize Fee, in accordance with State of Connecticut Department of Revenue Services for the terms of, Company (corporate business tax and as such term is defined in First Amendment Upfront Fee Lettersales and use tax); (d) Opinion letter of Company's counsel, Xxxx Xxxxx & Xxxxxxx in form and substance satisfactory to CII; (e) A check from the Required Ratings Test shall be satisfied and, in connection therewith, the Administrative Agent and the Blackstone Representative shall have received (a) an updated Private Rating Letter issued by the Rating Agency setting forth the Debt Rating for the Loans (after giving effect Company made payable to the order of Xxxxxxx & Xxxxxxx in an amount to the additional Commitments made available on the First Amendment Date), which shall have the Required Rating applicable thereto, $3,147.93 for past due fees and (b) an updated related Private Rating Rationale Report with respect to such Debt Ratingexpenses; and (ef) A closing check from the Administrative Agent and the Blackstone Representative shall have received (i) a Notice of New Project with respect Company made payable to the New Projects set forth in Schedule 1.01E hereto order of Xxxxxxx & Xxxxxxx for its legal fees and all documents required to be delivered expenses incurred in connection with each such New Project and related Permitted Acquisitions, including a Guarantee Assumption Agreement and a Contribution Agreement as required pursuant to the terms of the Loan Documents, and (ii) each other document listed on the closing checklist delivered to Borrower on or prior to the date of this Amendment in form and substance reasonably satisfactory to the Blackstone Representativeherewith.

Appears in 1 contract

Samples: Convertible Subordinated Debenture Purchase Agreement (Memry Corp)

Conditions to Amendment. This Subject to Section 5 below, this Amendment shall become effective and be deemed effective as of the date first written above (the “Amendment Effective Date”) upon the satisfaction of the following conditions precedent (the “Effective Date”):precedent: (a) the due execution and delivery Administrative Agent shall have received a fully executed counterpart of a counterpart signature page to this Amendment by from each of the Borrower, the Guarantors, the Blackstone Representative, the Lenders and the Administrative Agentother parties hereto; (b) the representations Administrative Agent shall have received a duly executed Reaffirmation, Acknowledgment and warranties Consent of Performance Guarantor in the Borrower set forth herein shall be true and correct in all material respects (except to the extent such representations and warranties are already qualified by materiality or Material Adverse Effect, which representations and warranties shall be true and correct in all respects) on and as of the Effective Date (or, to the extent that any such representation or warranty is expressly stated to have been made as of an earlier date, as of such earlier date)form attached hereto; (c) payment the Administrative Agent shall have received a fully executed counterpart of the Upsize Fee, in accordance with the terms of, Second Amended and as such term is defined in First Amendment Upfront Restated Fee Letter; (d) the Required Ratings Test shall be satisfied and, in connection therewith, the Administrative Agent and the Blackstone Representative Group Agents shall have received (ai) an updated Private Rating Letter issued by Secretary’s Certificates from the Rating Agency setting forth the Debt Rating for the Loans Borrower and Servicer that includes (after giving effect to the to the additional Commitments made available on the First Amendment Date)A) authorizing resolutions, which shall have the Required Rating applicable thereto(B) good standing certificates, (C) updated incumbency certificates and (D) any updated organizational documents, and (bii) an updated related Private Rating Rationale Report with respect a customary legal opinion from counsel to such Debt Rating; andthe Borrower and Servicer addressing authorization and enforceability of this Amendment and the amendments hereby to the Receivables Financing Agreement; (ef) the Administrative Agent and the Blackstone Representative Group Agents shall have received (i) a Notice of New Project with respect to the New Projects set forth in Schedule 1.01E hereto all fees and all documents expenses required to be delivered in connection with each such New Project and related Permitted Acquisitions, including a Guarantee Assumption Agreement and a Contribution Agreement as required paid on the date hereof pursuant to the terms of the Loan DocumentsAmended and Restated Fee Letter; and (g) the Administrative Agent shall have received such other agreements, instruments, documents, certificates, and (ii) each other document listed on opinions as the closing checklist delivered to Borrower on or prior to the date of this Amendment in form and substance Administrative Agent may reasonably satisfactory to the Blackstone Representativerequest.

Appears in 1 contract

Samples: Receivables Financing Agreement (Concentrix Corp)

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