Conditions to Effectiveness of Assignment Sample Clauses

Conditions to Effectiveness of Assignment. The effectiveness of the sale, assignment and transfer contemplated pursuant to Section 2 is subject to (i) the due execution and delivery of this Assignment Agreement by the Assignor and the Assignee[s] and (ii) receipt by Assignor of payment from Assignee[s] of all amounts due in consideration for the transfer and assignment provided herein.
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Conditions to Effectiveness of Assignment. This Agreement shall be effective upon the completion of all of the following conditions precedent:
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Conditions to Effectiveness of Assignment. The sale, assignment and transfer contemplated pursuant to Section 2 above will become effective upon the satisfaction of each of the following conditions: (a) the execution and delivery of this Instrument by Dresdner, Credit Lyonnais and the Partnership; (b) the delivery by Credit Lyonnais to the Partnership of a duly completed and executed Internal Revenue Service Form W-8ECI; (c) Dresdner shall have returned its Notes to the Partnership for cancellation; (d) the Partnership shall have delivered to Credit Xxxxxxxx duly executed and appropriately completed Notes in the respective forms of Exhibit A-1, A-2 and A-3 hereof; (e) Credit Lyonnais shall have received from the Partnership the fee referred to in that certain letter agreement dated as of July 26, 2002 between Credit Lyonnais and the Partnership; (f) the delivery by Credit Xxxxxxxx to JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank (National Association)), as Collateral Agent, of a duly executed designation letter in accordance with the terms of Section 14 of the Intercreditor Agreement; (g) Dresdner shall have received from the Partnership all accrued and unpaid Commitment Fees through the Assignment Date; (h) counterparts of Amendment No. 3 to the Credit Agreement, in form and substance satisfactory to Credit Lyonnais ("Amendment No. 3"), shall have been duly executed and delivered by each of the Partnership, the Lenders and the Agent; (i) in relation to the Irrevocable Standby Letter of Credit #1192-97, issued by Dresdner for the Partnership to the Power Purchaser, pursuant to Section 2.03 of the Credit Agreement (the "Existing L/C"):
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Conditions to Effectiveness of Assignment. As a condition ----------------------------------------- to the effectiveness of this Assignment and the assumption of the obligations under the Lease by Assignee, the following conditions shall have been complied with or waived in writing by Assignee:
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Related to Conditions to Effectiveness of Assignment

  • Conditions to Effectiveness of Agreement This Agreement shall become effective on the date (the "Effective Date") each of the following conditions precedent is satisfied:

  • Conditions to Effectiveness of Extension Notwithstanding the foregoing, (x) no more than two (2) extensions of the Maturity Date shall be permitted hereunder and (y) any extension of any Maturity Date pursuant to this Section 2.21 shall not be effective with respect to any Extending Lender unless:

  • Conditions Precedent to Effectiveness of Agreement Each of the following is a condition precedent to the effectiveness of this Agreement:

  • Conditions Precedent to Effectiveness of Amendment The effectiveness of this Amendment is subject to and contingent upon the fulfillment of each and every one of the following conditions:

  • Conditions to Effectiveness of Extensions Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section shall not be effective with respect to any Lender unless:

  • Conditions to Effectiveness of Amendment This Amendment shall become effective on the date on which the following conditions precedent have been satisfied or waived (the “Amendment Effective Date”):

  • Conditions to Effectiveness of Increase As a condition precedent to such increase, the Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Increase Effective Date signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of the Borrower, certifying that, before and after giving effect to such increase, (A) the representations and warranties contained in Section 5 and the other Loan Documents are true and correct in all material respects on and as of the Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.11, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01, and (B) no Default exists. To the extent that the increase of the Commitments shall take the form of a new term loan tranche, this Agreement shall be amended, in form and substance satisfactory to the Administrative Agent, to include such terms as are customary for a term loan commitment. The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Total Credit Exposure of any Lender under this Section, and each Loan Party shall execute and deliver such documents or instruments as the Administrative Agent may require to evidence such increase in the Total Credit Exposure of any Lender and to ratify each such Loan Party’s continuing obligations hereunder and under the other Loan Documents.

  • Conditions Precedent to Effectiveness of Section 2.01 Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

  • Conditions Precedent to Effectiveness of this Amendment This Amendment shall not become effective until all of the following conditions precedent shall have been satisfied in the sole discretion of Agent or waived by Agent:

  • Effectiveness of Assignment This Agreement, and the assignment and assumption contemplated herein, shall not be effective until (a) this Agreement is executed and delivered by each of the Assignor, the Assignee, the Administrative Agent and if required, the Borrower, and (b) the payment to the Assignor of the amounts owing by the Assignee pursuant to Section 2. hereof and (c) the payment to the Administrative Agent of the amounts owing by the Assignor pursuant to Section 3. hereof. Upon recording and acknowledgment of this Agreement by the Administrative Agent, from and after the Assignment Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Agreement, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent provided in this Agreement, relinquish its rights (except as otherwise provided in Section 13.3 of the Credit Agreement) and be released from its obligations under the Credit Agreement; provided, however, that if the Assignor does not assign its entire interest under the Loan Documents, it shall remain a Lender entitled to all of the benefits and subject to all of the obligations thereunder with respect to its Commitment.

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