{"component": "clause", "props": {"groups": [{"snippet": "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 Agent and Agent\u2019s counsel):\n(a) Execution and delivery by Borrower, Guarantors and Lenders of this Amendment to Agent;\n(b) Execution and/or delivery by the parties of all other agreements, instruments and documents requested by Agent to effectuate and implement the terms hereof and the Existing Loan Documents.", "samples": [{"hash": "hG1eCl98fCa", "uri": "/contracts/hG1eCl98fCa#effectiveness-conditions", "label": "Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)", "score": 27.988363266, "published": true}, {"hash": "55BsQJU5pw1", "uri": "/contracts/55BsQJU5pw1#effectiveness-conditions", "label": "Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)", "score": 24.7193698883, "published": true}, {"hash": "aTrR2MLumDk", "uri": "/contracts/aTrR2MLumDk#effectiveness-conditions", "label": "Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)", "score": 23.8651599884, "published": true}], "snippet_links": [{"key": "this-amendment", "type": "clause", "offset": [0, 14]}, {"key": "effective-upon", "type": "clause", "offset": [24, 38]}, {"key": "completion-of-the", "type": "clause", "offset": [43, 60]}, {"key": "conditions-precedent", "type": "definition", "offset": [71, 91]}, {"key": "all-agreements", "type": "clause", "offset": [93, 107]}, {"key": "documents-and-instruments", "type": "clause", "offset": [109, 134]}, {"key": "form-and-substance", "type": "clause", "offset": [144, 162]}, {"key": "execution-and-delivery", "type": "clause", "offset": [211, 233]}, {"key": "by-borrower", "type": "clause", "offset": [234, 245]}, {"key": "amendment-to", "type": "definition", "offset": [278, 290]}, {"key": "by-the-parties", "type": "clause", "offset": [328, 342]}, {"key": "other-agreements", "type": "clause", "offset": [350, 366]}, {"key": "instruments-and-documents", "type": "definition", "offset": [368, 393]}, {"key": "by-agent", "type": "clause", "offset": [404, 412]}, {"key": "the-terms", "type": "definition", "offset": [441, 450]}, {"key": "existing-loan-documents", "type": "definition", "offset": [466, 489]}], "size": 56, "hash": "2d012b1df769501ce11af4f304cdc209", "id": 1}, {"snippet": "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):\na. Execution and delivery by Company and each Guarantor of this Amendment to Lender;\nb. Execution and delivery by Company of an amended and restated Promissory Note in the original principal amount of $40,000,000 (\"Note\");\nc. Delivery of an unanimous written consent from Company's member authorizing the execution and delivery of this Amendment, the Note and the transactions contemplated hereunder; and\nd. 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.", "samples": [{"hash": "1KcQDYbRQWJ", "uri": "/contracts/1KcQDYbRQWJ#effectiveness-conditions", "label": "Warehousing Credit and Security Agreement (First NLC Financial Services Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "effective-upon", "type": "clause", "offset": [24, 38]}, {"key": "completion-of-the", "type": "clause", "offset": [43, 60]}, {"key": "conditions-precedent", "type": "definition", "offset": [71, 91]}, {"key": "all-agreements", "type": "clause", "offset": [93, 107]}, {"key": "documents-and-instruments", "type": "clause", "offset": [109, 134]}, {"key": "form-and-substance", "type": "clause", "offset": [144, 162]}, {"key": "to-lender", "type": "definition", "offset": [176, 185]}, {"key": "and-lender", "type": "clause", "offset": [186, 196]}, {"key": "delivery-by-company", "type": "clause", "offset": [226, 245]}, {"key": "amendment-to", "type": "definition", "offset": [273, 285]}, {"key": "amended-and-restated-promissory-note", "type": "definition", "offset": [337, 373]}, {"key": "original-principal-amount", "type": "definition", "offset": [381, 406]}, {"key": "unanimous-written-consent", "type": "clause", "offset": [450, 475]}, {"key": "execution-and-delivery-of-this-amendment", "type": "clause", "offset": [514, 554]}, {"key": "the-note", "type": "clause", "offset": [556, 564]}, {"key": "transactions-contemplated", "type": "clause", "offset": [573, 598]}, {"key": "other-agreements", "type": "clause", "offset": [650, 666]}, {"key": "documents-requested-by-lender", "type": "clause", "offset": [684, 713]}, {"key": "the-terms", "type": "definition", "offset": [742, 751]}, {"key": "existing-loan-documents", "type": "definition", "offset": [767, 790]}], "size": 6, "hash": "a71393a1709f89a68767322582cee998", "id": 9}, {"snippet": "This Amendment shall be effective (the \u201cEffective Time\u201d) upon completion of the following conditions precedent (all documents to be in form and substance satisfactory to Investor and Investor\u2019s counsel):\n(a) execution and delivery by Company to Investor of this Amendment;\n(b) delivery by Company to the Investor of a secretary\u2019s certificate, dated as of the Effective Time, as to (i) the resolutions adopted by the Board of Directors approving the transactions contemplated hereby, (ii) the Articles of Incorporation and the Bylaws of the Company, each as in effect as of the Effective Time, and (iii) the authority and incumbency of the officers of the Company executing this Amendment and any other documents required to be executed or delivered in connection therewith; and\n(c) execution and/or delivery by Company of all agreements, instruments and documents requested by Investor to effectuate and implement the terms hereof and the terms of any document or instrument referenced hereby or to be executed hereunder.", "samples": [{"hash": "eWQDiSWy8jg", "uri": "/contracts/eWQDiSWy8jg#effectiveness-conditions", "label": "Investment Agreement", "score": 29.3408622742, "published": true}, {"hash": "60vTFbbfUQh", "uri": "/contracts/60vTFbbfUQh#effectiveness-conditions", "label": "Investment Agreement", "score": 29.3408622742, "published": true}, {"hash": "3oYClNVjqo7", "uri": "/contracts/3oYClNVjqo7#effectiveness-conditions", "label": "Investment Agreement", "score": 29.3408622742, "published": true}], "snippet_links": [{"key": "this-amendment", "type": "clause", "offset": [0, 14]}, {"key": "upon-completion-of-the", "type": "clause", "offset": [57, 79]}, {"key": "conditions-precedent", "type": "definition", "offset": [90, 110]}, {"key": "documents-to-be", "type": "clause", "offset": [116, 131]}, {"key": "form-and-substance", "type": "clause", "offset": [135, 153]}, {"key": "delivery-by-company", "type": "clause", "offset": [222, 241]}, {"key": "the-investor", "type": "definition", "offset": [300, 312]}, {"key": "dated-as-of", "type": "definition", "offset": [343, 354]}, {"key": "the-effective-time", "type": "clause", "offset": [355, 373]}, {"key": "resolutions-adopted", "type": "clause", "offset": [389, 408]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [409, 434]}, {"key": "contemplated-hereby", "type": "clause", "offset": [462, 481]}, {"key": "the-articles-of-incorporation", "type": "clause", "offset": [488, 517]}, {"key": "bylaws-of-the-company", "type": "clause", "offset": [526, 547]}, {"key": "in-effect", "type": "clause", "offset": [557, 566]}, {"key": "authority-and", "type": "clause", "offset": [607, 620]}, {"key": "officers-of-the-company", "type": "clause", "offset": [639, 662]}, {"key": "amendment-and", "type": "clause", "offset": [678, 691]}, {"key": "other-documents-required", "type": "clause", "offset": [696, 720]}, {"key": "to-be-executed", "type": "clause", "offset": [721, 735]}, {"key": "in-connection", "type": "definition", "offset": [749, 762]}, {"key": "all-agreements", "type": "clause", "offset": [822, 836]}, {"key": "instruments-and-documents", "type": "definition", "offset": [838, 863]}, {"key": "by-investor", "type": "clause", "offset": [874, 885]}, {"key": "the-terms", "type": "definition", "offset": [914, 923]}, {"key": "terms-of", "type": "definition", "offset": [939, 947]}], "size": 11, "hash": "7de5d3285c91efc6fecf5551e90365cf", "id": 4}, {"snippet": "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\u2019s counsel):\na. Execution and delivery by Borrower to Lender of this Amendment; and\nb. 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.", "samples": [{"hash": "bVusEwRnZEv", "uri": "/contracts/bVusEwRnZEv#effectiveness-conditions", "label": "Loan and Security Agreement (C & F Financial Corp)", "score": 19.0, "published": true}, {"hash": "a7lFIaMPOPw", "uri": "/contracts/a7lFIaMPOPw#effectiveness-conditions", "label": "Loan and Security Agreement (C & F Financial Corp)", "score": 19.0, "published": true}, {"hash": "37kGOmlmVnO", "uri": "/contracts/37kGOmlmVnO#effectiveness-conditions", "label": "Loan and Security Agreement (C & F Financial Corp)", "score": 19.0, "published": true}], "snippet_links": [{"key": "this-amendment", "type": "clause", "offset": [0, 14]}, {"key": "effective-upon", "type": "clause", "offset": [24, 38]}, {"key": "completion-of-the", "type": "clause", "offset": [43, 60]}, {"key": "conditions-precedent", "type": "definition", 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this Amendment by all parties hereto.", "samples": [{"hash": "2UpUKDDpqaW", "uri": "/contracts/2UpUKDDpqaW#effectiveness-conditions", "label": "Loan Agreement (RCM Technologies, Inc.)", "score": 30.8631076813, "published": true}, {"hash": "kDBvTz0wuMs", "uri": "/contracts/kDBvTz0wuMs#effectiveness-conditions", "label": "Loan Agreement (RCM Technologies, Inc.)", "score": 29.7488021851, "published": true}, {"hash": "6Bg3fn3Td7w", "uri": "/contracts/6Bg3fn3Td7w#effectiveness-conditions", "label": "Loan Agreement (RCM Technologies Inc)", "score": 28.8042430878, "published": true}], "snippet_links": [{"key": "execution-of-this-amendment", "type": "clause", "offset": [39, 66]}, {"key": "parties-hereto", "type": "clause", "offset": [74, 88]}], "size": 6, "hash": "ea24f3a37fe0d7c352c6fe178e2757ae", "id": 7}, {"snippet": "The amendments and other agreements set forth herein shall be effective upon the satisfaction of all of the following conditions precedent, each to the satisfaction of the Administrative Agent in its sole discretion:\n(a) Receipt by the Administrative Agent from each of the Lenders, the Administrative Agent and Borrowers, of a counterpart of this Amendment signed on behalf of such party; and\n(b) Receipt by the Administrative Agent of such other documents, instruments and certificates as the Administrative Agent shall reasonably request.", "samples": [{"hash": "dqsRMXBi7IX", "uri": "/contracts/dqsRMXBi7IX#effectiveness-conditions", "label": "Loan and Security Agreement (WESTMORELAND COAL Co)", "score": 27.7816562653, "published": true}, {"hash": "4M7oFvNtWDm", "uri": "/contracts/4M7oFvNtWDm#effectiveness-conditions", "label": "Loan and Security Agreement (WESTMORELAND COAL Co)", "score": 27.491443634, "published": true}, {"hash": "2eKwUr31l1z", "uri": "/contracts/2eKwUr31l1z#effectiveness-conditions", "label": "Loan and Security Agreement (WESTMORELAND COAL Co)", "score": 26.2388782501, "published": true}], "snippet_links": [{"key": "amendments-and-other-agreements", "type": "clause", "offset": [4, 35]}, {"key": "effective-upon", "type": "clause", "offset": [62, 76]}, {"key": "satisfaction-of", "type": "clause", "offset": [81, 96]}, {"key": "conditions-precedent", "type": "definition", "offset": [118, 138]}, {"key": "the-administrative-agent", "type": "clause", "offset": [168, 192]}, {"key": "sole-discretion", "type": "definition", "offset": [200, 215]}, {"key": "receipt-by-the", "type": "clause", "offset": [221, 235]}, {"key": "agent-from", "type": "definition", "offset": [251, 261]}, {"key": "each-of-the-lenders", "type": "clause", "offset": [262, 281]}, {"key": "this-amendment", "type": "clause", "offset": [343, 357]}, {"key": "signed-on-behalf-of", "type": "clause", "offset": [358, 377]}, {"key": "such-party", "type": "clause", "offset": [378, 388]}, {"key": "other-documents", "type": "clause", "offset": [442, 457]}, {"key": "instruments-and-certificates", "type": "clause", "offset": [459, 487]}, {"key": "agent-shall", "type": "definition", "offset": [510, 521]}, {"key": "reasonably-request", "type": "definition", "offset": [522, 540]}], "size": 8, "hash": "c5b9ac9d7cd8af0c56b9a4bd5c68f7c0", "id": 5}, {"snippet": "This Amendment shall be effective upon completion of the following conditions precedent (all documents to be in form and substance satisfactory to National City and the Banks, and dated the date hereof):\na. execution and delivery of this Amendment; and\nb. execution and delivery of such other documents, instruments and agreements as National City and the Banks shall reasonably request in connection with the foregoing matters.", "samples": [{"hash": "l7g1PS6pJ9z", "uri": "/contracts/l7g1PS6pJ9z#effectiveness-conditions", "label": "Credit Agreement (Aerocentury Corp)", "score": 16.0, "published": true}, {"hash": "knBPccKN0Ss", "uri": "/contracts/knBPccKN0Ss#effectiveness-conditions", "label": "Credit Agreement (Aerocentury Corp)", "score": 16.0, "published": true}, {"hash": "1EitydQ3pV5", "uri": "/contracts/1EitydQ3pV5#effectiveness-conditions", "label": "Credit Agreement (Aerocentury Corp)", "score": 16.0, "published": true}], "snippet_links": [{"key": "upon-completion-of-the", "type": "clause", "offset": [34, 56]}, {"key": "conditions-precedent", "type": "definition", "offset": [67, 87]}, {"key": "documents-to-be", "type": "clause", "offset": [93, 108]}, {"key": "form-and-substance", "type": "clause", "offset": [112, 130]}, {"key": "national-city", "type": "clause", "offset": [147, 160]}, {"key": "the-banks", "type": "clause", "offset": [165, 174]}, {"key": "date-hereof", "type": "clause", "offset": [190, 201]}, {"key": "execution-and-delivery-of-this-amendment", "type": "clause", "offset": [207, 247]}, {"key": "other-documents", "type": "clause", "offset": [287, 302]}, {"key": "and-agreements", "type": "definition", "offset": [316, 330]}, {"key": "reasonably-request", "type": "definition", "offset": [368, 386]}, {"key": "in-connection-with", "type": "clause", "offset": [387, 405]}, {"key": "the-foregoing", "type": "clause", "offset": [406, 419]}], "size": 5, "hash": "ae3097bdaae5970c2252919f13493e8e", "id": 10}, {"snippet": "This Amendment shall become effective upon the satisfaction of the following conditions:\n(a) Delivery to Agent of this Amendment executed by Borrower and each Subsidiary Guarantor; and\n(b) Payment to Agent of all of Agent\u2019s Expenses.", "samples": [{"hash": "9dpxUgg5Npd", "uri": "/contracts/9dpxUgg5Npd#effectiveness-conditions", "label": "Loan and Security Agreement", "score": 29.3408622742, "published": true}, {"hash": "5q7rbsXsR4M", "uri": "/contracts/5q7rbsXsR4M#effectiveness-conditions", "label": "Loan and Security Agreement (Alesco Financial Inc)", "score": 19.0, "published": true}], "snippet_links": [{"key": "this-amendment", "type": "clause", "offset": [0, 14]}, {"key": "effective-upon", "type": "clause", "offset": [28, 42]}, {"key": "satisfaction-of", "type": "clause", "offset": [47, 62]}, {"key": "delivery-to-agent", "type": "clause", "offset": [93, 110]}, {"key": "by-borrower", "type": "clause", "offset": [138, 149]}, {"key": "subsidiary-guarantor", "type": "clause", "offset": [159, 179]}, {"key": "payment-to-agent", "type": "clause", "offset": [189, 205]}], "size": 6, "hash": "5f7d34c4ea6d9ed79c8735c0519770d6", "id": 8}, {"snippet": "This Amendment shall be effective upon completion of the following conditions precedent (all documents and other items to be in form and substance satisfactory to Lender and Lender\u2019s counsel):\n(a) Execution and delivery by Borrowers of this Amendment;\n(b) Execution and delivery by Borrowers of the Amended and Restated Revolving Note;\n(c) Execution and delivery by Borrowers and Lockbox Bank of the Governmental Depository Agreement and Commercial Depository Agreements;\n(d) Delivery by Borrowers of certified copies of resolutions of each Borrower\u2019s board of directors, general partners, members or managers, as applicable, authorizing the execution of this Amendment, the Amended and Restated Revolving Note, and each document required to be delivered by any Section hereof;\n(e) Delivery by Borrowers of Joining Borrower\u2019s state certified Certificate of Incorporation and Bylaws, certified by the secretary of Joining Borrower;\n(f) Delivery by Borrowers of incumbency certificates for Joining Borrower identifying all Authorized Officers with specimen signatures;\n(g) Receipt of Uniform Commercial Code financing statement, judgment and state and federal tax lien searches against Joining Borrower showing no Liens on any of the Collateral (other than Liens released contemporaneously with the effectiveness of this Amendment);\n(h) Delivery by Borrowers of copies of the accreditations, licenses, certifications required by Section 5.03 of the Credit Agreement with respect to Joining Borrower;\n(i) Delivery by Borrowers of an opinion letter from Borrowers\u2019 counsel regarding such matters as Lender may require in its sole discretion;\n(j) Delivery by Borrowers of an Officer\u2019s Closing Certificate;\n(k) Delivery by Borrowers of payoff letters and releases from all Persons having a security interest or other interest in the Collateral (except for Permitted Liens), together with all UCC-3 termination or partial releases or mortgage satisfactions necessary to terminate each such Person\u2019s interests in the Collateral;\n(l) Delivery by Borrowers of the Amended and Restated Schedules;\n(m) Delivery by Borrowers for Joining Borrower of copies of insurance policies or certificates of insurance on an \u2587\u2587\u2587\u2587\u2587 27 form evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents; including, without limitation, naming Lender as lender\u2019s loss payee (as to property and casualty coverage) and additional insured (as to liability coverage);\n(n) Delivery by Borrowers to Lender of true, correct and complete copies of the AG Acquisition Documents;\n(o) No Unmatured Event of Default or Event of Default shall have occurred and be continuing under the Loan Documents;\n(p) Payment by Borrowers of any and all costs, fees and expenses of Lender (including, attorneys\u2019 fees) in connection with this Amendment and the transaction contemplated hereby; and\n(q) Execution and/or delivery by Borrowers of all agreements, instruments and documents requested by Lender to effectuate and implement the terms hereof and the Loan Documents", "samples": [{"hash": "1QxT9cAWl8q", "uri": "/contracts/1QxT9cAWl8q#effectiveness-conditions", "label": "Credit Agreement (Clarient, Inc)", "score": 20.1690616608, "published": true}, {"hash": "lPIOieaf5dz", "uri": "/contracts/lPIOieaf5dz#effectiveness-conditions", "label": "Credit Agreement (Clarient, Inc)", "score": 19.2026004791, "published": true}], "snippet_links": [{"key": "upon-completion-of-the", "type": "clause", "offset": [34, 56]}, {"key": "conditions-precedent", "type": 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"execution-of-this-amendment", "type": "clause", "offset": [642, 669]}, {"key": "joining-borrower", "type": "definition", "offset": [807, 823]}, {"key": "certificate-of-incorporation-and-bylaws", "type": "definition", "offset": [842, 881]}, {"key": "certified-by", "type": "clause", "offset": [883, 895]}, {"key": "the-secretary", "type": "clause", "offset": [896, 909]}, {"key": "certificates-for", "type": "clause", "offset": [971, 987]}, {"key": "authorized-officers", "type": "definition", "offset": [1021, 1040]}, {"key": "specimen-signatures", "type": "definition", "offset": [1046, 1065]}, {"key": "receipt-of", "type": "clause", "offset": [1071, 1081]}, {"key": "uniform-commercial-code", "type": "definition", "offset": [1082, 1105]}, {"key": "financing-statement", "type": "clause", "offset": [1106, 1125]}, {"key": "lien-searches", "type": "definition", "offset": [1162, 1175]}, {"key": "no-liens", "type": "clause", "offset": [1209, 1217]}, {"key": "the-collateral", "type": "clause", 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[3017, 3026]}], "size": 13, "hash": "4aace7cfadaabbaf0ff77a4b79187a6d", "id": 3}, {"snippet": "This Amendment shall be effective upon completion of the following conditions precedent (all documents to be in form and substance satisfactory to Administrative Agent and the Lead Arrangers, and their respective counsel):\n(a) executed counterparts of this Amendment each properly executed by a Responsible Officer of the signing Loan Party and each other Person party thereto;\n(b) receipt by Administrative Agent of a Request for Credit Extension;\n(c) all representations and warranties of the Loan Parties contained herein shall be true, correct and complete in all material respects (provided, that if any representation or warranty is by its terms qualified by concepts of materiality, such representation shall be true and correct in all respects) as of the Effective Date, except to the extent that any such representation or warranty relates to a specific date in which case such representation or warranty shall be true and correct as of such earlier date (and each Loan Party\u2019s delivery of its respective signature hereto shall be deemed to be its certification thereof);\n(d) no Default or Event of Default under the Credit Agreement or any of the other Loan Documents has occurred and is continuing immediately prior to or after funding the First Incremental Term Loans;\n(e) the Acquisition Agreement shall be in full force and effect, and substantially concurrently with the funding of the First Incremental Term Loans on the Effective Date, the Transactions shall have been consummated in all material respects in accordance with the terms of the Acquisition Agreement without giving effect to any amendments, consents or waivers by you thereto that are materially adverse to the Incremental Lenders or the Lead Arrangers, without the prior consent of the Lead Arrangers (such consent not to be unreasonably withheld, delayed or conditioned) (it being understood that (i) any increase in the purchase price of, or consideration for, the Acquisition is not materially adverse to the interests of the Incremental Lenders or the Lead Arrangers so long as such increase is not financed with the proceeds of indebtedness of the Borrower and its subsidiaries other than under the Credit Agreement and (ii) any substantive amendment to the definition of \u201cMaterial Adverse Effect\u201d (as defined in the Acquisition Agreement) is materially adverse to the interests of the Incremental Lenders and the Lead Arrangers);\n(f) receipt by Administrative Agent and the Lead Arrangers of evidence that the net cash proceeds of the Equity Contribution in a direct or indirect parent of Borrower shall have been contributed (or contributed substantially concurrently with the funding of the First Incremental Term Loans) to Borrower in an amount sufficient to consummate the Acquisition and to pay the fees, costs and expenses incurred in connection with the Transactions;\n(g) receipt by Administrative Agent and the Lead Arrangers of a Pro Forma Compliance Certificate demonstrating that, after giving effect to the incurrence of the First Incremental Term Loans and consummation of the Acquisition on a Pro Forma Basis (i) the Loan Parties will be in compliance with the financial covenants set forth in Article 8 of the Credit Agreement for the most recently completed four Fiscal Quarter period and (ii) the Consolidated Total Leverage Ratio (calculated on a Pro Forma Basis) as of the end of the most recently completed four Fiscal Quarter period would not be greater than 3.00:1.00;\n(h) all existing Indebtedness of the Target and its Subsidiaries, other than Indebtedness expressly permitted under Section 7.01 of the Credit Agreement as if the Target was a party thereto, shall have been repaid, or substantially simultaneously herewith, shall be repaid and all Liens related to such Indebtedness or otherwise shall be terminated (other than Permitted Liens);\n(i) since December 31, 2019, there shall not have occurred a \u201cMaterial Adverse Effect\u201d (as defined in the Acquisition Agreement);\n(j) receipt by Administrative Agent and the Lead Arrangers at least five (5) Business Days prior to the Closing Date, of satisfactory documentation and other information about Borrower and the Guarantors under applicable \u201cknow your customer\u201d and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation (including, if Borrower qualifies as a \u201clegal entity customer\u201d under the Beneficial Ownership Regulation, a certification regarding beneficial ownership required by the Beneficial Ownership Regulation);\n(k) receipt by Administrative Agent of evidence reasonably satisfactory to Administrative Agent that the Loan Parties have obtained all required consents and approvals of all Persons including all requisite Governmental Authorities, to the execution, delivery and performance of the Amendment;\n(l) receipt by Administrative Agent and Lead Arrangers of favorable opinions of K&L Gates LLP and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 PC, counsel to the Loan Parties, addressed to Administrative Agent, the Incremental Lenders, and the Secured Parties, dated as of the Effective Date, and in form and substance satisfactory to Administrative Agent;\n(m) such resolutions, Organization Documents, good standings, and certifications by Responsible Officers in connection therewith, as Administrative Agent may reasonably require;\n(n) receipt by Administrative Agent and the Lead Arrangers of a solvency certificate from the Chief Financial Officer of Borrower;\n(o) receipt by Administrative Agent and the Lead Arrangers of a certificate executed by a responsible Officer of Borrower certifying that the conditions specified in this Section 6 have been satisfied and that the representations and warranties contained in Section 5 hereof are true and correct in all material respects (provided, that if any representation or warranty is by its terms qualified by materiality, such representation and warranty shall be true and correct in all respects) as of the Effect Date;\n(p) receipt by Administrative Agent and the Lead Arrangers of (i) a pro forma consolidated balance sheet and related pro forma consolidated statement of income, shareholders\u2019 equity and cash flows of Borrower and its Subsidiaries as of March 31, 2020, prepared after giving effect to the Transactions as if the Transaction had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such statement of income) and (ii) a pro forma organizational chart, including disclosures as to each entity that will incur Indebtedness in connection with the Transactions;\n(q) receipt by Administrative Agent and the Lead Arrangers of an audited balance sheet of the Target as of December 31, 2019 and the related audited statements of income, shareholders\u2019 equity and cash flows for the year then ended, and the related notes to the financial statements;\n(r) receipt by Administrative Agent and the Lead Arrangers of any fees required to be paid on or before the Effective Date under this Amendment, the Credit Agreement or that certain Joint Fee Letter dated as of May 25, 2020, by and among, the Borrower, the Lead Arrangers and each Incremental Lender; and\n(s) receipt by Administrative Agent and the Lead Arrangers of reasonable, documented, out-of-pocket costs and expenses (including, without limitation, fees and disbursements of counsel) required to be paid on or before the Effective Date.", "samples": [{"hash": "aPHhk2HlZVM", "uri": "/contracts/aPHhk2HlZVM#effectiveness-conditions", "label": "Incremental Term Loan Amendment (AdaptHealth Corp.)", "score": 29.4996585846, "published": true}], "snippet_links": [{"key": "upon-completion-of-the", "type": "clause", "offset": [34, 56]}, {"key": "conditions-precedent", "type": 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["affirmation-and-consent", "Affirmation and Consent"], ["amendment-fee", "Amendment Fee"], ["corporate-proceedings", "Corporate Proceedings"]], "title": "Effectiveness Conditions", "id": "effectiveness-conditions", "related": [["effectiveness-conditions-precedent", "Effectiveness; Conditions Precedent", "Effectiveness; Conditions Precedent"], ["effectiveness-survival", "Effectiveness; Survival", "Effectiveness; Survival"], ["effectiveness-of-covenants", "Effectiveness of Covenants", "Effectiveness of Covenants"], ["conditions-to-effectiveness-of-extensions", "Conditions to Effectiveness of Extensions", "Conditions to Effectiveness of Extensions"], ["conditions-to-effectiveness-of-increase", "Conditions to Effectiveness of Increase", "Conditions to Effectiveness of Increase"]], "related_snippets": [], "updated": "2026-03-07T04:27:53+00:00", "also_ask": ["What are the minimum conditions that must be included to ensure enforceability?", "How can the effectiveness conditions be leveraged for strategic negotiation advantages?", "What are the most common pitfalls or ambiguities in drafting effectiveness conditions?", "How do effectiveness conditions in this agreement compare to industry standards or similar contracts?", "What factors do courts consider when determining if effectiveness conditions have been satisfied?"], "drafting_tip": "Specify all conditions precedent, require objective criteria, and clarify timelines to ensure enforceability, prevent disputes, and provide certainty for all parties.", "explanation": "The Effectiveness Conditions clause defines the specific requirements or events that must occur before a contract or agreement becomes legally binding and enforceable. Typically, these conditions may include obtaining regulatory approvals, securing financing, or the completion of due diligence. By clearly outlining these prerequisites, the clause ensures that both parties understand when their obligations commence, thereby preventing misunderstandings and reducing the risk of premature enforcement."}, "json": true, "cursor": ""}}