General effectiveness. Except as otherwise provided in this chapter, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.
General effectiveness. Except as otherwise provided in the Uniform Commercial Code, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.
General effectiveness. This Amendment No. 2 shall become effective, on the date each of the following conditions precedent is satisfied or duly waived by the Requisite Lenders (the "Amendment Effective Date"):
General effectiveness. (a) Under the terms of the Plan, this Agreement shall become effective if on or prior to the Effective Date, the Company, Xxxxxxx X. Xxxxxxx XX and Creditors holding at least 70% of the New Shares issued to all Creditors agree to become parties hereto.
(b) If this Agreement does not become effective pursuant to Section 11.01(a), Articles 2, 4, 5, 6, 7, 8 and 9 and Section 12.09 hereof will not become effective and will have no force or effect, except insofar as any of such Articles are applicable to a Secondary Offering.
General effectiveness. This Amendment shall become effective on the Amendment Effective Date. ARTICLE VI—
General effectiveness. This Amendment shall become effective, on the date (the "Amendment Effective Date") the Administrative Agent shall have received (or receipt thereof shall have been duly waived) each of the following, each dated the Amendment Effective Date unless otherwise indicated or agreed to by the Administrative Agent, in form and substance satisfactory to the Administrative Agent:
(a) this Amendment executed by the Borrower and Holdings;
(b) the Consent and Agreement in the form attached hereto as Exhibit A, executed by each of the Guarantors;
(c) Acknowledgment and Consents, in the form set forth hereto as Exhibit B (each, a "Lender Consent"), executed by the Lenders constituting the Requisite Lenders; and
(d) such additional documentation as the Administrative Agent may reasonably require.
