Common use of Effectiveness Ratification Clause in Contracts

Effectiveness Ratification. This Supplement shall become effective upon the later of (a) the receipt of this Agreement by the First Lien Agent and the Second Lien Agent and (b) the Borrowing Date, and from and after the date hereof, the Pari Passu Lenders and the Agent shall constitute “Pari Passu Indebtedness Secured Parties” and “Second Lien Creditors” under the Intercreditor Agreement. Any and all references to the “Intercreditor Agreement” in the First Lien Loan Agreements and the Second Lien Documents shall mean the Intercreditor Agreement, as supplemented hereby. Except as supplemented by this Supplement, the Intercreditor Agreement remains unmodified and in full force and effect and is hereby ratified, approved and confirmed as of the date hereof.

Appears in 4 contracts

Samples: Intercreditor Agreement (CURO Group Holdings Corp.), Intercreditor Agreement (CURO Group Holdings Corp.), Security Agreement (CURO Group Holdings Corp.)

AutoNDA by SimpleDocs

Effectiveness Ratification. This Supplement shall become effective upon the later of (a) the receipt of this Agreement Supplement by the First Lien Collateral Agent and the Second Lien Collateral Agent and (b) the Borrowing Date, and from and after the date hereof, the Pari Passu Lenders Agent and the Agent Holders shall constitute “Pari Passu Indebtedness Additional Secured Parties” and “Second Lien CreditorsClaimholders” under the Intercreditor Agreement. Any and all references to the “Intercreditor Agreement” in the First Lien Loan Agreements Documents and the Second Lien Documents shall mean the Intercreditor Agreement, as supplemented hereby. Except as supplemented by this Supplement, the Intercreditor Agreement remains unmodified and in full force and effect and is hereby ratified, approved and confirmed as of the date hereof.

Appears in 3 contracts

Samples: Intercreditor Agreement (KCG Holdings, Inc.), Intercreditor Agreement (KCG Holdings, Inc.), Intercreditor Agreement (KCG Holdings, Inc.)

AutoNDA by SimpleDocs

Effectiveness Ratification. This Supplement shall become effective upon the later of (a) the receipt of this Agreement by the First Lien Notes Collateral Agent and the Second Lien Credit Facility Collateral Agent and (b) the Borrowing Date, and from and after the date hereof, the Pari Passu Lenders and the Agent shall constitute “Pari Passu Indebtedness Additional Secured Parties” and “Second Lien CreditorsSecured Parties” under the Intercreditor Agreement. Any and all references to the “Intercreditor Agreement” in the First Indenture Documents, the Pari Passu Payment Lien Loan Agreements Documents and the Second Lien Credit Facility Documents shall mean the Intercreditor Agreement, as supplemented hereby. Except as supplemented by this Supplement, the Intercreditor Agreement remains unmodified and in full force and effect and is hereby ratified, approved and confirmed as of the date hereof.

Appears in 1 contract

Samples: Credit Agreement

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