Expiration of Interim Period Sample Clauses

Expiration of Interim Period. The obligation of the Lenders to extend credit under this Agreement after the Interim Period expires shall be subject to the further condition precedent that, in addition to the conditions set forth in this Section 3.02, the Administrative Agent shall have received evidence, satisfactory to the Administrative Agent, that the Final DIP Financing Order has been entered by the Bankruptcy Court and docketed by the Clerk of the Bankruptcy Court, and that such order (i) shall be in full force and effect, (ii) shall provide that the Credit Parties are prohibited from asserting any claims against the Collateral pursuant to 11 U.S.C. ss. 506(c) (except as provided in the Carve Out and as agreed to by the Lenders) and (iii) shall not have been vacated, reversed, modified, amended or stayed pending appeal.
Sample 1
AutoNDA by SimpleDocs
Expiration of Interim Period. The obligation of the Lenders to extend credit under this Agreement after the Interim Period expires shall be subject to the further condition precedent that, in addition to the conditions set forth in this Section 5.2, the Administrative Agent shall have received evidence, satisfactory to the Administrative Agent, that the Final DIP Financing Order has been entered by the Bankruptcy Court and docketed by the Clerk of the Bankruptcy Court, and that such order (i) shall be in full force and effect, (ii) shall be in a form and substance satisfactory to the Administrative Agent and the Lenders, (iii) shall contain the provisions required to be contained in the Interim DIP Financing Order pursuant to Section 5.1(d) hereof, and (iv) shall not have been vacated, reversed, modified, amended or stayed pending appeal. Each request for Extension of Credit and each acceptance by the Borrower of an Extension of Credit shall be deemed to constitute a representation and warranty by the Borrower as of the date of such Extension of Credit that each of the conditions precedent in this Section 5.2 have been satisfied.
Sample 1
Expiration of Interim Period. The obligation of the Lenders to extend credit under this Agreement after the Interim Period expires shall be subject to the further condition precedent that, in addition to the conditions set forth in this Section 5.2, the Administrative Agent shall have received evidence, satisfactory to the Administrative Agent, that the Supplemental DIP Financing Order has been entered by the Bankruptcy Court and docketed by the Clerk of the Bankruptcy Court, and that such order (i) shall be in full force and effect and shall constitute final authorization and approval of the transactions contemplated hereby, (ii) shall be in a form and substance satisfactory to the Administrative Agent and the Lenders, (iii) shall not have been vacated, reversed, modified, amended or stayed pending appeal.
Sample 1

Related to Expiration of Interim Period

  • Extension of Initial Term Upon each annual anniversary date of this Agreement, this Agreement shall be extended automatically for successive terms of one year each, unless either the Corporation or the Employee gives contrary written notice to the other not later than the annual anniversary date.

  • Initial Term This Agreement shall become effective as of the date first written above (the “Start Date”) and shall continue thereafter throughout the period that ends two (2) years after the Start Date (the “Initial Term”).

  • Termination of Interim Trust Agreement This Agreement (other than Article VI) and the trust created hereby shall terminate and be of no further force or effect upon the earlier of (i) the termination of the Trust pursuant to Section 9.1 of the Trust Agreement and (ii) the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late Ambassador of the United States to the Court of St. James’s, living on the date hereof.

  • Term of Agreement; Termination The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

  • Expiration of the Employment Period If Executive’s employment terminates by reason of the expiration of the Employment Period pursuant to Section 1 as a result of the Company’s or Executive’s non-extension, then the Company will provide Executive with the Accrued Obligations. Thereafter, the Company Group shall have no further obligation to Executive or Executive’s legal representatives.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Termination of Intercompany Agreements Without limiting the generality of Section 3.1(e) and subject to the terms of Section 3.1 and Schedule 1.92, each of the parties hereto agrees that, except for this Agreement and the Ancillary Agreements (including any amounts owed with respect to such agreements), all Intercompany Agreements and all other intercompany arrangements and course of dealings whether or not in writing and whether or not binding or in effect immediately prior to the Distribution Time shall terminate immediately prior to the Distribution Time unless the parties thereto otherwise agree in writing after the date of this Agreement.

  • Service Term The Service Term shall become effective and begin as of the Effective Date, and shall continue until the close of business on the 1st anniversary of the Effective Date (the "Expiration Date"), unless the Consultant's services are terminated earlier pursuant to a Termination of Service. The Consultant will serve the Company subject to the general supervision, advice and direction of the Board and upon the terms and conditions set forth in this Agreement.

  • Expiration of the Term This Agreement shall terminate automatically at the expiration of the Period of Employment unless the parties enter into a written agreement extending Employee's employment, except for the continuing obligations of the parties as specified hereunder.

  • Expiration of Term During the Initial Term or Renewal Term, whichever currently is in effect, should either party exercise its right to terminate, all out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Fund. Additionally, the Transfer Agent reserves the right to charge for any other reasonable expenses associated with such termination.

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