Conditions to Effectiveness of the Settlement Sample Clauses

Conditions to Effectiveness of the Settlement. This Settlement is expressly conditioned upon the approval of all provisions in the Settlement by the Commission in accordance with Rule 602, without condition or modification, provided that, if the Commission approves this Settlement with condition, modification, or severance of any issue or party, then subject to the requirements of Section 0, the Settlement shall not become effective and shall be null and void only if a Settling Party notifies the other Settling Parties and the 8 For purposes of this Settlement, a final Commission order is an order no longer subject to rehearing or judicial review under section 313 of the Federal Power Act, 16 U.S.C. § 825l. Commission in writing within thirty (30) days of such Commission order that it does not accept such condition, modification, or severance. No Settling Party shall be bound by any part of this Settlement and the Settlement shall be null and void unless it becomes effective in the manner provided by this Article III.
Sample 1
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Conditions to Effectiveness of the Settlement. This Settlement is expressly conditioned upon the approval of all provisions in the Settlement by the Commission in accordance with Rule 602, without modification, provided that, if the Commission conditions its approval of this Settlement or requires modification of the Settlement, any Settling Party may notify the other Settling Parties within five (5) business days of the issuance of such order that it opposes the Settlement as so conditioned or modified. In such event, the Settling Parties shall meet or confer within ten (10) business days after such notification is provided to evaluate whether the concerns of the Settling Party(ies) can be addressed through a revision to the Settlement. If a revised offer of settlement cannot be reached and the concerns of the Settling Party(ies) cannot otherwise be adequately addressed within five (5) business days of such meeting or conference (unless mutually extended by the Settling Parties), the Settlement shall be of no force and effect and the objecting Settling Party(ies) shall so inform the Commission. Any Settling Party that does not so communicate its objections to any such condition or modification in accordance with this Section 4.1 shall be deemed to have waived all objections and may not seek rehearing of the Commission order conditioning its approval of this Settlement or modifying this Settlement. No Settling Party shall be bound by any part of this Settlement and the Settlement shall be null and void unless it becomes effective in the manner provided by Article III and this Article IV.
Sample 1
Conditions to Effectiveness of the Settlement. This Settlement shall become effective when the Court has entered the Final Judgment and the Final Judgment has become Final.
Sample 1
Conditions to Effectiveness of the Settlement 
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Related to Conditions to Effectiveness of the Settlement

  • Conditions to Effectiveness This Eighth Amendment, and the modifications to the Credit Agreement provided for herein, shall become effective on the date (the "Eighth Amendment ---------------- Effective Date") on which all of the following conditions have been (or are -------------- concurrently being) satisfied: --- 1. This Eighth Amendment shall have been executed and delivered by each party hereto. 2. All payments required under Article V, Section 1 of this Eighth Amendment shall have been paid to the Lender by the Borrower. 3. The Lender shall have received a copy, in form and substance reasonably satisfactory to the Lender, of the corporate resolutions of the Borrower, authorizing the revision in the Revolver Borrowing Base and the execution, delivery and performance of this Eighth Amendment, certified by the Secretary or an Assistant Secretary of the Borrower as of the Eighth Amendment Effective Date, which certificates shall state that the resolutions or authorizations thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate. 4. The Lender shall have received a certificate of the Secretary or an Assistant Secretary of the Borrower, dated the Eighth Amendment Effective Date, as to the incumbency and signature of the officer(s) of the Borrower executing this Eighth Amendment and any certificate or other document to be delivered by it pursuant hereto, together with evidence of the incumbency of such Secretary or Assistant Secretary. 5. Each of the representations and warranties made by the Borrower in or pursuant to the Credit Documents shall be true and correct in all material respects on and as of the Eighth Amendment Effective Date as if made on and as of such date (except to the extent the same relate to another, earlier date, in which case they shall be true and correct in all material respects as of such earlier date). 6. No Default or Event of Default shall have occurred and be continuing. 7. All corporate and other proceedings, and all documents, instruments and other legal matters in connection with the transactions contemplated by this Eighth Amendment, the Existing Credit Agreement, the Credit Agreement and the other Credit Documents shall be reasonably satisfactory in form and substance to the Lender, and the Lender shall have received such other documents in respect of any aspect or consequence of the transactions contemplated hereby or thereby as it shall reasonably request. 8. The Lender shall have received each additional document, instrument, legal opinion or item of information reasonably requested by the Lender, including, without limitation, a copy of any debt instrument, security agreement or other material contract to which the Borrower is to be a party.

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