Common use of Effectiveness of Senior Loan Documents Clause in Contracts

Effectiveness of Senior Loan Documents. The Senior Loan Documents shall have been duly executed and delivered by the parties thereto and shall be on terms and conditions reasonably satisfactory to Purchaser. On the Closing Date, the Senior Loan Documents shall not have been amended or modified, nor any condition thereof waived by the Company in a manner adverse in any material respect to the rights or interests of the Purchaser, without the prior written consent of the Purchaser.

Appears in 1 contract

Samples: Note Purchase Agreement (Massic Tool Mold & Die Inc)

AutoNDA by SimpleDocs

Effectiveness of Senior Loan Documents. The Senior Loan Documents shall have been duly executed and delivered by the parties thereto and shall be on terms and conditions reasonably satisfactory to Purchaser. On Purchasers (without limiting the foregoing, the scheduled amortization of the Term Loans shall not exceed $5,000,000 during the 12 month period immediately following the Closing DateDate under any circumstances, whether as the result of market-flex provisions in the Senior Loan Documents Agreement or otherwise). All conditions precedent to the making of the Revolving Credit Loans and the Term Loans shall not have been amended satisfied or modified, nor any condition thereof waived by the Company in a manner adverse in any material respect to the rights or interests of the Purchaser, without the prior written consent of the PurchaserSenior Lender.

Appears in 1 contract

Samples: Note Purchase Agreement (Kenan Advantage Group Inc)

Effectiveness of Senior Loan Documents. The Senior Loan Documents shall have been duly executed and delivered by the parties thereto and shall be on terms and conditions reasonably conditions, including amortization periods, satisfactory to each Purchaser. On All conditions precedent to the Closing Date, making of the Senior Loan Documents Debt shall not have been amended satisfied or modified, nor any condition thereof waived by the Company in a manner adverse in any material respect to the rights or interests of the with Senior Lender's and each Purchaser, without the prior written consent of the Purchaser's consent.

Appears in 1 contract

Samples: Note Purchase Agreement (Jotan Inc)

AutoNDA by SimpleDocs

Effectiveness of Senior Loan Documents. The Senior Loan Documents shall have been duly executed be in full force and delivered by the parties thereto effect and shall be on terms and conditions reasonably satisfactory to Purchaser. On All conditions precedent to the Closing Date, making of the Senior Loan Documents Loans shall not have been amended satisfied or modified, nor any condition thereof waived by with Purchaser's consent and the Company in a manner adverse in any material respect Senior Debt shall have been funded prior to or contemporaneous with the rights or interests funding of the Purchaser, without the prior written consent of the PurchaserSenior Subordinated Obligations.

Appears in 1 contract

Samples: Note Purchase Agreement (Unique Fabricating, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.