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{"key": "satisfaction-of", "type": "clause", "offset": [107, 122]}, {"key": "receipt-by-the", "type": "clause", "offset": [153, 167]}, {"key": "executed-and-delivered", "type": "clause", "offset": [217, 239]}, {"key": "the-borrowers", "type": "definition", "offset": [243, 256]}, {"key": "the-lenders", "type": "clause", "offset": [261, 272]}, {"key": "available-commitments", "type": "clause", "offset": [308, 329]}, {"key": "term-loan-exposure", "type": "clause", "offset": [335, 353]}, {"key": "revolving-credit-exposure", "type": "clause", "offset": [362, 387]}, {"key": "consented-to-by", "type": "definition", "offset": [392, 407]}, {"key": "the-loan-parties", "type": "definition", "offset": [408, 424]}, {"key": "payment-by-the", "type": "clause", "offset": [465, 479]}, {"key": "costs-and-expenses-of-the-administrative-agent", "type": "clause", "offset": [497, 543]}, {"key": "the-credit-agreement", "type": "clause", "offset": [573, 593]}], "samples": [{"hash": "aw6Xw1YKxt6", "uri": "/contracts/aw6Xw1YKxt6#conditions-to-effectiveness-of-this-waiver", "label": "Credit Agreement (Audio Visual Services Corp)", "score": 16.0, "published": true}], "snippet": "This Waiver shall be effective as of the date first set forth above (the \"Waiver Effective Date\") upon the satisfaction of the following conditions:\n(a) receipt by the Administrative Agent of counterparts hereof duly executed and delivered by the Borrowers and the Lenders holding at least 66.2/3rd % of the Available Commitments, the Term Loan Exposure and the Revolving Credit Exposure and consented to by the Loan Parties (other than the Borrowers); and\n(b) the payment by the Borrowers of the costs and expenses of the Administrative Agent owing under Section 10.05 of the Credit Agreement and for which invoices have been submitted.", "size": 1, "hash": "e5156a7cc6c5a24dc86d88a09fe00e6c", "id": 10}], "next_curs": "CnMSbWoVc35sYXdpbnNpZGVyY29udHJhY3Rzck8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IjNjb25kaXRpb25zLXRvLWVmZmVjdGl2ZW5lc3Mtb2YtdGhpcy13YWl2ZXIjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["representations-and-warranties", "Representations and Warranties"], ["no-default", "No Default"], ["waiver", "Waiver"], ["amendment-fee", "Amendment Fee"], ["execution-of-this-waiver", "Execution of this Waiver"]], "parents": [["miscellaneous", "Miscellaneous"], ["waiver", "WAIVER"]], "title": "Conditions to Effectiveness of this Waiver", "size": 30, "id": "conditions-to-effectiveness-of-this-waiver", "related": [["conditions-to-effectiveness-of-this-amendment", "Conditions to Effectiveness of this Amendment", "Conditions to Effectiveness of this Amendment"], ["conditions-to-effectiveness-of-this-agreement", "Conditions to Effectiveness of this Agreement", "Conditions to Effectiveness of this Agreement"], ["conditions-precedent-to-effectiveness-of-this-amendment", "Conditions Precedent to Effectiveness of this Amendment", "Conditions Precedent to Effectiveness of this Amendment"], ["conditions-precedent-to-effectiveness-of-this-agreement", "Conditions Precedent to Effectiveness of this Agreement", "Conditions Precedent to Effectiveness of this Agreement"], ["conditions-to-effectiveness-of-agreement", "Conditions to Effectiveness of Agreement", "Conditions to Effectiveness of Agreement"]], "related_snippets": [], "updated": "2025-07-07T16:38:45+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The 'Conditions to Effectiveness of this Waiver' clause defines the specific requirements that must be satisfied before a waiver becomes legally binding and enforceable. Typically, these conditions may include the completion of certain actions, delivery of necessary documents, or fulfillment of obligations by one or more parties. By clearly outlining these prerequisites, the clause ensures that the waiver only takes effect once all agreed-upon criteria are met, thereby protecting the interests of the parties and preventing premature or unintended enforcement."}, "json": true, "cursor": ""}}