EFFECTIVENESS OF AGREEMENT AND INITIAL BORROWING Sample Clauses

EFFECTIVENESS OF AGREEMENT AND INITIAL BORROWING. All loans outstanding under the Existing Agreement will, on the Unified Closing Date and upon the satisfaction of all of the conditions set forth in this Section 6.1, be consolidated into a new Tranche A Loan and a new Tranche C Loan, and as applicable, Tranche B Loan. The obligation of the Lenders to (i) consolidate all outstanding loans into a new Tranche A Loan and a new Tranche C Loan, and, as applicable, Tranche B Loan; (ii) make any new Credit Extension and (iii) to amend and restate the Existing Agreement shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 6.1.
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EFFECTIVENESS OF AGREEMENT AND INITIAL BORROWING. The Tranche A and Tranche B Loans outstanding under the Existing Agreement will, on the Effective Date, be consolidated into a new Tranche A. The obligation of the Lender to (i) make the initial Loans (i.e. under Tranche A or Tranche B); (ii) consolidate the outstanding Tranche A and Tranche B Loans into a new Tranche A; (iii) make any new Loans and (iv) to amend and restate the Existing Agreement shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 6.1.
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Related to EFFECTIVENESS OF AGREEMENT AND INITIAL BORROWING

  • Effectiveness of Commitment Increase by Borrower An Assuming Lender, if any, shall become a Lender hereunder as of such Commitment Increase Date and the Commitment of the respective Class of any Increasing Lender and such Assuming Lender shall be increased as of such Commitment Increase Date; provided that:

  • Effectiveness of Agreement This Agreement shall become effective upon the execution and delivery hereof by the parties hereto.

  • Effectiveness of Incremental Amendment The effectiveness of any Incremental Amendment, and the Incremental Commitments thereunder, shall be subject to the satisfaction on the date thereof (the “Incremental Facility Closing Date”) of each of the following conditions:

  • Effectiveness of Amendment (a) This Amendment shall become effective as of the date first written above.

  • Effectiveness of a Redetermined Borrowing Base After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Lenders or the Required Lenders, as applicable, pursuant to Section 2.07(c)(iii), the Administrative Agent shall notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Issuing Bank and the Lenders:

  • Effectiveness of Amendments The amendments contained in this Amendment shall become effective upon delivery by the Borrower of, and compliance by the Borrower with, the following:

  • Effectiveness of Covenants (a) Following the first day:

  • Conditions Precedent to Effectiveness of Amendment The effectiveness of this Amendment is subject to and contingent upon the fulfillment of each and every one of the following conditions:

  • Effectiveness of Contract The Contract shall take effect from the date of signatures or seals by the Lender and the Borrower.

  • Conditions to Effectiveness of Agreement This Agreement shall become effective on the date (the "Effective Date") each of the following conditions precedent is satisfied:

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