Common use of Effectiveness and Conditions Precedent Clause in Contracts

Effectiveness and Conditions Precedent. This Agreement will become effective on the date that the Lender notifies the Borrower that the following conditions precedent have been fulfilled: 3.1 this Agreement has been executed by all parties; 3.2 no Default exists; 3.3 all fees and expenses owing by the Borrower to the Lender and its legal counsel and the Xxxxxxxxxx’ Financial Advisor due on the date of this Agreement shall have been paid and the Lender is authorized to debit the Borrower’s account and proceed to the payment of such fees and expenses.

Appears in 4 contracts

Samples: Financing Agreement (LeddarTech Holdings Inc.), Financing Agreement (LeddarTech Holdings Inc.), Financing Agreement (LeddarTech Holdings Inc.)

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Effectiveness and Conditions Precedent. This Agreement will become effective on the date that the Lender notifies the Borrower Lender that the following conditions precedent have been fulfilled: 3.1 an executed copy of this Agreement by all parties has been executed received by all parties;the Lender; and 3.2 no Default exists; 3.3 all fees and expenses owing by the Borrower to the Lender and its legal counsel and the XxxxxxxxxxDesjardins’ Financial Advisor due on the date of this Agreement shall have been paid and the Lender is authorized to debit the Borrower’s account and proceed to the payment of such fees and expensespaid.

Appears in 2 contracts

Samples: First Amending Agreement (LeddarTech Holdings Inc.), Financing Agreement (LeddarTech Holdings Inc.)

Effectiveness and Conditions Precedent. This Agreement will become effective on the date that the Lender notifies the Borrower that the following conditions precedent have been fulfilled: 3.1 this Agreement has been executed by all parties; 3.2 no Default exists; 3.3 all fees and expenses owing by the Borrower to the Lender and its legal counsel and the Xxxxxxxxxx’ Financial Advisor due on the date of this Agreement shall have been paid and the Lender is authorized to debit the Borrower’s account and proceed to the payment of such fees and expenses.

Appears in 1 contract

Samples: Eighth Amending Agreement (LeddarTech Holdings Inc.)

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Effectiveness and Conditions Precedent. This Agreement will become effective on the date that the Lender notifies the Borrower Lender that the following conditions precedent have been fulfilled: 3.1 an executed copy of this Agreement by all parties has been executed received by all parties;the Lender; and 3.2 no Default exists; 3.3 all fees and expenses owing by the Borrower to the Lender and its legal counsel and the XxxxxxxxxxDesjardins’ Financial Advisor due on the date of this Agreement shall have been paid and the Lender is authorized to debit the Borrower’s account and proceed to the payment of such fees and expenses.

Appears in 1 contract

Samples: Third Amending Agreement (LeddarTech Holdings Inc.)

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