Common use of Consequences of Effectiveness Clause in Contracts

Consequences of Effectiveness. (a) On the Closing Date, without further action by any of the parties thereto, the Existing Credit Agreement will be automatically amended and restated to read as this Agreement reads.

Appears in 4 contracts

Samples: Credit Agreement (Westar Energy Inc /Ks), Credit Agreement (Westar Energy Inc /Ks), Credit Agreement (Westar Energy Inc /Ks)

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Consequences of Effectiveness. (a) On the Closing Effective Date, without further action by any of the parties thereto, the Existing Credit Agreement will be automatically amended and restated to read as this Amended Agreement reads.

Appears in 4 contracts

Samples: Credit Agreement (Foot Locker Inc), Credit Agreement (Venator Group Inc), Credit Agreement (Venator Group Inc)

Consequences of Effectiveness. (a) On the Closing Effective Date, without further action by any of the parties thereto, the Existing Credit Agreement will be automatically amended and restated to read in its entirety as set forth in this Agreement readsAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Sybron Chemicals Inc), Credit Agreement (Insilco Technologies Inc)

Consequences of Effectiveness. (a) On the Closing Effective Date, without further action by any of the parties thereto, (i) the Existing Original Credit Agreement will be automatically amended and restated to read as this Agreement readsreads and (ii) the rights and obligations of the Terminating Lenders under the Original Credit Agreement will terminate, provided that their rights under Sections 2.12, 8.04 and 10.03(b) of the Original Credit Agreement will survive.

Appears in 2 contracts

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc), Credit Agreement (Metro-Goldwyn-Mayer Inc)

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Consequences of Effectiveness. (a) On the Closing Date, without further action by any of the parties thereto, the Existing Credit Agreement will be automatically amended and restated to read as this Agreement reads.

Appears in 2 contracts

Samples: Second Extension Agreement (Westar Energy Inc /Ks), Credit Agreement (Westar Energy Inc /Ks)

Consequences of Effectiveness. (a) On the Closing Date, without further action by any of the parties theretoWhen this Agreement becomes effective, the Existing Credit Agreement will be automatically amended and restated restated, without further action by any of the parties hereto, to read in full as set forth in this Agreement readsAgreement.

Appears in 1 contract

Samples: Credit Agreement (Vlasic Foods International Inc)

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