Common use of Conditions to Effectiveness of Waiver Clause in Contracts

Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon the receipt by IBM Credit from Customer of (i) this Amendment executed by Customer, and (ii) a waiver fee, in immediately available funds, equal to One Hundred and Seventy - Five Thousand Dollars ($175,000.00) on or prior to July 26, 2001. Such waiver fee payable to IBM Credit hereunder shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge Customer.

Appears in 2 contracts

Samples: Financing Agreement (Datatec Systems Inc), Financing Agreement (Datatec Systems Inc)

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Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon upon: (a) the receipt by IBM Credit from Customer of (i) this Amendment Waiver executed by Customer, and ; and (iib) the payment by Customer to IBM Credit of a waiver feefee (the "Waiver Fee"), payable in immediately available funds, equal to One Hundred and Seventy - Five Thousand Dollars (in the amount of $175,000.00) on or prior to July 2680,000, 2001by no later than March 18, 2002. Such waiver fee payable to IBM Credit hereunder The Waiver Fee shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge Customercustomer.

Appears in 2 contracts

Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc), Inventory and Working Capital Financing Agreement (Datatec Systems Inc)

Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon upon: (a) the receipt by IBM Credit from Customer of (i) this Amendment Waiver executed by Customer, and ; and (iib) the payment by Customer to IBM Credit of a waiver feefee (the "Waiver Fee"), payable in immediately available funds, equal to One Hundred and Seventy - Five Thousand Dollars (in the amount of $175,000.00) on or prior to July 26, 200125,000.00. Such waiver fee payable to IBM Credit hereunder The Waiver Fee shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge Customer.

Appears in 2 contracts

Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc), Inventory and Working Capital Financing Agreement (Datatec Systems Inc)

Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon upon: (a) the receipt by IBM Credit from Customer of (i) this Amendment Waiver executed by Customer, and ; and (iib) the payment by Customer to IBM Credit of a waiver feefee (the "Waiver Fee"), payable in immediately available funds, equal to One Hundred and Seventy - Five Thousand Dollars (in the amount of $175,000.00) on or prior to 77,935 by no later than July 2631, 20012002. Such waiver fee payable to IBM Credit hereunder The Waiver Fee shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge Customercustomer.

Appears in 1 contract

Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc)

Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon upon: (a) the receipt by IBM Credit from Customer of (i) this Amendment Waiver executed by Customer, and ; and (iib) the payment by Customer to IBM Credit of a waiver feefee (the "Waiver Fee"), payable in immediately available funds, equal to One Hundred and Seventy - Five Thousand Dollars (in the amount of $175,000.00) on or prior to July 2625,000 by no later than November 8, 20012002. Such waiver fee payable to IBM Credit hereunder The Waiver Fee shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge Customercustomer.

Appears in 1 contract

Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc)

Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon the receipt by IBM Credit from Customer Customers of (i) this Amendment executed by Customereach Customer and each Lender, and (ii) a waiver fee, in immediately available funds, equal to One Three Hundred and Seventy - Five Thousand Dollars ($175,000.00) on or prior to July 26, 2001375,000). Such waiver fee payable to IBM Credit hereunder shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge CustomerCustomers.

Appears in 1 contract

Samples: Term and Revolving Credit Agreement (Applied Digital Solutions Inc)

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Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon the receipt by IBM Credit from Customer of (i) this Amendment executed by Customer, and (ii) a waiver fee, in immediately available funds, equal to One Hundred and Seventy - Five Fifteen Thousand Dollars ($175,000.0015,000.00) on or prior to July 26November 15, 20012000. Such waiver fee payable to IBM Credit hereunder shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge Customer.

Appears in 1 contract

Samples: Financing Agreement (Emtec Inc/Nj)

Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon upon: (a) the receipt by IBM Credit from Customer of (i) this Amendment Waiver executed by Customer, and ; and (iib) the payment by Customer to IBM Credit of a waiver feefee (the "Waiver Fee"), payable in immediately available funds, equal to One Hundred and Seventy - Five Thousand Dollars (in the amount of $175,000.00) on or prior to July 265,000 by no later than December 13, 20012002. Such waiver fee payable to IBM Credit hereunder The Waiver Fee shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge Customercustomer.

Appears in 1 contract

Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc)

Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon upon: (a) the receipt by of IBM Credit from Customer of (i) this Amendment the Waiver executed by Customer, and and (iib) the payment by Customer to IBM Credit of a waiver feefee (the "Waiver Fee"), payable in immediately available funds, equal to One Hundred and Seventy - Five Thousand Dollars (in the amount of $175,000.00) on or prior to July 265,000 by no later than March 21, 20012003. Such waiver fee payable to IBM Credit hereunder The Waiver Fee shall be by nonrefundable and shall be in addition to any other fees IBM Credit may charge Customercustomer.

Appears in 1 contract

Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc)

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