Common use of Effectiveness Conditions Clause in Contracts

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s counsel): a. Execution and delivery by Borrower to Lender of this Amendment; and b. Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 3 contracts

Samples: Loan and Security Agreement (C & F Financial Corp), Loan and Security Agreement (C & F Financial Corp), Loan and Security Agreement (C & F Financial Corp)

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Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s counsel): a. (a) Execution and delivery by Borrower to Lender of this AmendmentAmendment to Lender; (b) No Event of Default or Default has occurred under the Loan Agreement or any of the other Existing Loan Documents; and b. (c) Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 2 contracts

Samples: Finance Agreement (White River Capital Inc), Finance Agreement (White River Capital Inc)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s 's counsel): a. Execution and delivery by Borrower to Lender of this Amendment; and b. Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (First NLC Financial Services Inc)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s 's counsel): a. Execution and delivery by Borrower to Lender Company of this Amendment; andAmendment to Lender; b. Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (First NLC Financial Services Inc)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s 's counsel): a. (a) Execution and delivery by Borrower Company of this Amendment to Lender Lender; (b) Delivery of an unanimous written consent from Company's member authorizing the execution and delivery of this Amendment, and the transactions contemplated hereunder; and b. (c) Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (First NLC Financial Services Inc)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s counsel): a. (a) Execution and delivery by Borrower Company and each Person who delivered a Guarantee to Lender in connection with the Transaction Documents (each a “Guarantor” and collectively, the “Guarantors”) to Lender of this Amendment; and b. (b) Execution and/or delivery by Company of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Transaction Documents.

Appears in 1 contract

Samples: Credit Agreement and Note and Warrant Purchase Agreement (Implant Sciences Corp)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s 's counsel): a. (a) Execution and delivery by Borrower to Lender Company of this AmendmentAmendment to Lender; (b) Execution and delivery by Company of an Amended and Restated Promissory Note in the original principal amount of $84,000,000 ("Note"); and b. (c) Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (First NLC Financial Services Inc)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s counsel): a. (a) Execution and delivery by Borrower to Lender Company of this Amendment; andAmendment to Lender; b. (b) Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (First NLC Financial Services Inc)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s counsel): a. (a) Execution and delivery by Borrower Borrowers of this Amendment; (b) Payment by Borrowers to Lender of any and all costs, fees and expenses of Lender (including attorneys’ fee) in connection with this AmendmentAmendment and the transaction contemplated hereby; and b. (c) Execution and/or delivery by Borrowers of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthessentials Solutions Inc)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s 's counsel): a. (a) Execution and delivery by Borrower to Lender Company of this AmendmentAmendment to Lender; (b) Execution and delivery by Company of an Amended and Restated Promissory Note in the original principal amount of $66,000,000 ("Note"); and b. (c) Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (First NLC Financial Services Inc)

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Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s counsel): a. Execution and delivery by Borrower to Lender of this Amendment; and; b. Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (C & F Financial Corp)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments other items to be in form and substance satisfactory to Lender and Lender’s counsel): a. ): (a) Execution and delivery by Borrower to Lender Borrowers of this Amendment; and b. (b) Execution and/or and delivery by Borrowers of all other agreements, instruments the Amended and documents requested Restated Revolving Note; (c) Execution and delivery by Lender to effectuate Borrowers and implement Lockbox Bank of the terms hereof Governmental Depository Agreement and the Existing Loan Documents.Commercial Depository Agreements;

Appears in 1 contract

Samples: Credit Agreement

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (precedent, all agreements, documents and instruments to be in form and substance satisfactory acceptable to Lender and Lender’s counsel(the "Effectiveness Conditions"): a. (a) Execution and delivery by Borrower to Lender of this Amendment; andAmendment by all parties hereto; b. (b) Execution and/or and delivery of all other agreements, instruments a Third Amended and documents requested by Lender to effectuate and implement Restated Revolving Note reflecting the terms hereof and increase in the Existing Maximum Loan Documents.Limit provided for in Section 2 above;

Appears in 1 contract

Samples: Loan and Security Agreement (Stonepath Group Inc)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s 's counsel): a. Execution and delivery by Borrower to Lender Company and each Guarantor of this Amendment; andAmendment to Lender; b. Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (First NLC Financial Services Inc)

Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Lender and Lender’s 's counsel): a. (a) Execution and delivery by Borrower to Lender Company of this Amendment; andAmendment to Lender; b. (b) Execution and/or delivery of all other agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Existing Loan Documents.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (First NLC Financial Services Inc)

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