{"component": "clause", "props": {"groups": [{"snippet": "This Agreement (and the amendment and restatement of the Existing Credit Facility to be effected hereby) shall become effective on the date on which the Administrative Agent shall have received each of the following documents, each of which shall be satisfactory to the Administrative Agent (and to the extent specified below, to each Lender) in form and substance (or such condition shall have been waived in accordance with Section 9.02):", "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "existing-credit-facility", "type": "definition", "offset": [57, 81]}, {"key": "effective-on-the", "type": "clause", "offset": [118, 134]}, {"key": "agent-shall", "type": "definition", "offset": [168, 179]}, {"key": "to-the-extent", "type": "clause", "offset": [296, 309]}, {"key": "each-lender", "type": "clause", "offset": [330, 341]}, {"key": "form-and-substance", "type": "clause", "offset": [346, 364]}, 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been waived in accordance with Section 9.02):", "snippet_links": [{"key": "effectiveness-of-this-agreement", "type": "clause", "offset": [4, 35]}, {"key": "obligations-of-the-lenders", "type": "clause", "offset": [81, 107]}, {"key": "loans-hereunder", "type": "clause", "offset": [116, 131]}, {"key": "become-effective", "type": "clause", "offset": [142, 158]}, {"key": "completion-of", "type": "clause", "offset": [165, 178]}, {"key": "conditions-precedent", "type": "definition", "offset": [201, 221]}, {"key": "in-accordance-with", "type": "definition", "offset": [265, 283]}], "samples": [{"hash": "4bWa887veUK", "uri": "/contracts/4bWa887veUK#restatement-effective-date", "label": "Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp)", "score": 37.0383300781, "published": true}, {"hash": "fJcPB2lzOY", "uri": "/contracts/fJcPB2lzOY#restatement-effective-date", "label": "Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp)", "score": 36.1594810486, "published": true}, {"hash": "c8lc2JYK2yQ", "uri": "/contracts/c8lc2JYK2yQ#restatement-effective-date", "label": "Senior Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.)", "score": 35.5927429199, "published": true}], "size": 50, "hash": "7544b6b60fc9623fce87fd86fcfddec5", "id": 2}, {"snippet": "If this is an amendment and restatement, the effective date of the restatement (hereinafter called the \"Effective Date\") is:", "snippet_links": [{"key": "amendment-and-restatement", "type": "definition", "offset": [14, 39]}, {"key": "effective-date-of-the", "type": "clause", "offset": [45, 66]}], "samples": [{"hash": "2hydjmeNExS", "uri": "/contracts/2hydjmeNExS#restatement-effective-date", "label": "Adoption Agreement", "score": 31.8683643341, "published": true}, {"hash": "4fcxUQdKq37", "uri": "/contracts/4fcxUQdKq37#restatement-effective-date", "label": "Adoption Agreement", "score": 31.49335289, "published": true}, {"hash": "lPqY74Rjbo0", "uri": "/contracts/lPqY74Rjbo0#restatement-effective-date", "label": "Adoption Agreement", "score": 31.4522914886, "published": true}], "size": 46, "hash": "a1c303c4423a49ed5e6bf48d83d7516c", "id": 3}, {"snippet": "This Agreement shall become effective on the date (the \u201cRestatement Effective Date\u201d) on which the following conditions shall have been satisfied on or prior to such date (which date shall be substantially concurrent with the \u201cEffective Date,\u201d as defined in the Plan of Reorganization):\n(i) the Parent, GMSC, Arlington, the Borrower, the Administrative Agent and the Lenders constituting the Required Lenders shall have signed a counterpart hereof (whether the same or different counterparts) and the Subsidiary Guarantors described in clause (x) of the definition thereof shall have signed an acknowledgment hereof (whether the same or different counterparts) and shall have delivered the same to the Administrative Agent or, in the case of the Lenders, shall have given to the Administrative Agent telephonic (confirmed in writing), written or facsimile notice (actually received) at such office that the same has been signed and mailed to it;\n(ii) the Borrower shall have paid to the Administrative Agent and the Lenders all costs, fees and expenses (including, without limitation, the reasonable and documented legal fees and expenses of White & Case LLP and maritime counsel and other counsel to the Administrative Agent reasonably acceptable to the Borrower) and other compensation contemplated in connection with this Agreement and the Final DIP/Cash Collateral Order payable to the Administrative Agent and the Lenders in respect of the transactions contemplated by this Agreement to the extent then due and invoiced at least two Business Days prior to the Restatement Effective Date;\n(iii) the Borrower shall have paid to the Lenders any interest that has accrued but has not been paid on the Revolving Loans or the Term Loans pursuant to the Final DIP/Cash Collateral Order;\n(iv) the Plan of Reorganization shall have been confirmed by the Bankruptcy Court and the conditions to effectiveness of the Plan of Reorganization shall have been satisfied or waived in accordance with the terms thereof;\n(v) the Administrative Agent shall have received a copy of the duly authorized and executed Other Credit Agreement, which Other Credit Agreement shall be in form and substance reasonably satisfactory to the Administrative Agent and shall be in full force and effect in accordance with its terms;\n(vi) (a) the Equity Investment shall have been received by the Parent and certain of its Subsidiaries, (b) the Equity Conversion shall have occurred and (c) the Loans under this Agreement shall have been partially repaid in the amount of $39,649,220 with the proceeds of the Equity Investment;\n(vii) all Indebtedness of the Borrower, GMSC, the Parent and its other Subsidiaries under the DIP Credit Agreement, shall have been repaid in full with proceeds of the Equity Investment, together with all fees and other amounts owing thereon, all commitments thereunder shall have been terminated, and all security documentation relating thereto shall have been terminated and released or reassigned, and the Administrative Agent shall have received all such releases and reassignments as may have been requested by the Administrative Agent, which releases and reassignments shall be in form and substance reasonably satisfactory to the Administrative Agent;\n(viii) the Collateral and Guaranty Requirements with respect to each Collateral Vessel shall have been satisfied (including any amendments to the Security Documents set forth in the definition of Collateral and Guaranty Requirements as are necessary or desirable in the sole discretion of the Administrative Agent);\n(ix) the Administrative Agent shall have received a copy of the duly authorized and executed Primary Intercreditor Agreement, which Primary Intercreditor Agreement shall be in form and substance reasonably satisfactory to the Administrative Agent and shall be in full force and effect in accordance with its terms;\n(x) the Administrative Agent shall have received a copy of the duly authorized and executed Secondary Intercreditor Agreement, which Secondary Intercreditor Agreement shall be in form and substance reasonably satisfactory to the Administrative Agent and shall be in full force and effect in accordance with its terms;\n(i) there shall exist no Default or Event of Default and (ii) all representations and warranties contained herein or in any other Credit Document shall be true and correct in all material respects both before and after giving effect to the Transaction (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date);\n(xii) all Loans converted or continued pursuant to this Agreement shall be in full compliance with all applicable requirements (including without limitation the collateral valuation requirements) of law, including, without limitation, the Margin Regulations and the collateral valuation requirements thereunder, and each Lender in good faith shall be able to complete the relevant forms establishing compliance with the Margin Regulations;\n(xiii) after giving effect to the Transaction, there shall be no conflict with, or default under, any material agreement or contractual or other restrictions which is binding for the Borrower or any of its Subsidiaries;\n(xiv) the Borrower shall cause to be delivered to the Administrative Agent a solvency certificate from the senior financial officer of the Parent, in the form of Exhibit J, which shall be addressed to the Administrative Agent and each of the Lenders and dated the Restatement Effective Date, setting forth the conclusion that, after giving effect to the incurrence of all the financings contemplated hereby, the Parent and its Subsidiaries, taken as a whole, and the Borrower and its Subsidiaries, taken as a whole, are not insolvent and will not be rendered insolvent by the incurrence of such indebtedness, and will not be left with unreasonably small capital with which to engage in their respective businesses and will not have incurred debts beyond their ability to pay such debts as they mature;\n(xv) the Administrative Agent shall have received copies of (i) the financial statements referred to in Sections 7.05(a), which financial statements shall be in form and substance reasonably satisfactory to the Administrative Agent and (ii) Cash Flow Projections for the 13-week period beginning on the Restatement Effective Date in form and substance reasonably satisfactory to the Lenders;\n(xvi) on the Restatement Effective Date, nothing shall have occurred since February 28, 2012 (and neither the Administrative Agent nor the Required Lenders shall have become aware of any facts or conditions not previously known to the Administrative Agent or the Required Lenders) which the Administrative Agent or the Required Lenders shall determine is reasonably likely to have a Material Adverse Effect (other than events publicly disclosed prior to the commencement of the Chapter 11 Proceedings, the commencement and continuation of the Chapter 11 Proceeding and the consequences that would reasonably be expected to result therefrom);\n(xvii) other than the Chapter 11 Proceedings, there shall be no actions, suits or proceedings pending or threatened (i) against the Credit Parties that challenges, enjoins or prevents this Agreement or any other Credit Document or (ii) which the Administrative Agent shall determine has had, or could reasonably be expected to have, a Material Adverse Effect (other than events publicly disclosed prior to the commencement of the Chapter 11 Proceedings, the commencement and continuation of the Chapter 11 Proceeding and the consequences that would reasonably be expected to result therefrom);\n(xviii) the Credit Parties shall have provided, or procured the supply of, the \u201cknow your customer\u201d information required pursuant to the PATRIOT Act, in each case as reasonably requested by any Lender or the Administrative Agent at least three Business Days prior to the Restatement Effective Date in connection with its internal compliance regulations thereunder or other information reasonably requested by the Lender or the Administrative Agent to satisfy related checks under all applicable laws and regulations pursuant to the transactions contemplated hereby;\n(xix) all necessary governmental (domestic and foreign) and third party approvals and/or consents in connection with the Loans, the other transactions contemplated hereby and the granting of Liens under the Credit Documents shall have been obtained and remain in effect, and all applicable waiting periods with respect thereto shall have expired without any action being taken by any competent authority which restrains, prevents or imposes materially adverse conditions upon the consummation of this Agreement or the other transactions contemplated by the Credit Documents or otherwise referred to herein or therein; and\n(xx) there shall not exist any judgment, order, injunction or other restraint issued or filed or a hearing seeking injunctive relief or other restraint pending or notified prohibiting or imposing materially adverse conditions upon this Agreement or the other transactions contemplated by the Credit Documents or otherwise referred to herein or therein. 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shall have occurred.", "snippet_links": [], "samples": [{"hash": "ewRDWzfm4oC", "uri": "/contracts/ewRDWzfm4oC#restatement-effective-date", "label": "Credit Agreement (Flowers Foods Inc)", "score": 28.9123878479, "published": true}, {"hash": "4i6PnEaHogj", "uri": "/contracts/4i6PnEaHogj#restatement-effective-date", "label": "Amendment and Restatement Agreement (Analog Devices Inc)", "score": 27.7351131439, "published": true}, {"hash": "i7wMHyzgjsC", "uri": "/contracts/i7wMHyzgjsC#restatement-effective-date", "label": "Credit Agreement (Pacific Ethanol, Inc.)", "score": 25.2491436005, "published": true}], "size": 20, "hash": "5c62592e6e7217852978677482c7e867", "id": 6}, {"snippet": "The effectiveness of the amendment and restatement of the Existing Credit Agreement in the form of this Agreement is subject to the satisfaction of the conditions precedent set forth in Section 4 of the Amendment and Restatement Agreement.", "snippet_links": [{"key": "amendment-and-restatement-of-the-existing-credit-agreement", "type": "clause", "offset": [25, 83]}, {"key": "form-of-this-agreement", "type": "clause", "offset": [91, 113]}, {"key": "subject-to-the", "type": "definition", "offset": [117, 131]}, {"key": "satisfaction-of-the-conditions-precedent", "type": "clause", "offset": [132, 172]}, {"key": "in-section-4", "type": "clause", "offset": [183, 195]}, {"key": "amendment-and-restatement-agreement", "type": "clause", "offset": [203, 238]}], "samples": [{"hash": "84Bd55CtW9J", "uri": "/contracts/84Bd55CtW9J#restatement-effective-date", "label": "Credit Agreement (LKQ Corp)", "score": 32.9123878479, "published": true}, {"hash": "a7gflrOH5D9", "uri": "/contracts/a7gflrOH5D9#restatement-effective-date", "label": "Credit Agreement (LKQ Corp)", "score": 32.3401794434, "published": true}, {"hash": "bGr5P20RarR", "uri": "/contracts/bGr5P20RarR#restatement-effective-date", "label": "Credit Agreement (LKQ Corp)", "score": 31.4558525085, "published": true}], "size": 19, "hash": "43ac15100c0c30ece04e8d44f31068cb", "id": 7}, {"snippet": "The obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder (including those to be made on the Restatement Effective Date) shall become effective on the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):\n(a) The Administrative Agent (or its counsel) shall have received from each party hereto either (A) a counterpart of this Agreement signed on behalf of such party or (B) written evidence satisfactory to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement, in form and substance satisfactory to the Administrative Agent and its counsel.\n(b) The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Restatement Effective Date) of Winston & \u2587\u2587\u2587\u2587\u2587\u2587 LLP, counsel for the Loan Parties, \u2587\u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP, Indiana counsel for the Loan Parties, \u2587\u2587\u2587\u2587\u2587\u2587 & Whitney LLP, Minnesota counsel for the Loan Parties and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 PLLC, Michigan counsel for the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent, and covering such other matters relating to the Loan Parties, the Loan Documents or the Restatement Transactions as the Administrative Agent shall reasonably request.\n(c) The Administrative Agent shall have received a certificate of the Secretary or Assistant Secretary or similar officer of each of the Loan Parties dated the Restatement Effective Date and certifying:\n(i) that attached thereto is a true and complete copy of the certificate or articles of incorporation, certificate of limited partnership, certificate of formation or other equivalent constituent and governing documents, including all amendments thereto, of such Loan Party, certified as of a recent date by the Secretary of State (or other similar official or Governmental Authority) of the jurisdiction of its organization;\n(ii) that attached thereto is a true and complete copy of a certificate as to the good standing (to the extent available in such jurisdiction) of such Loan Party from the jurisdiction of its organization as of a recent date from such Secretary of State (or other similar official or Governmental Authority) and bring down good standings as of the Restatement Effective Date (or if agreed to by the Administrative Agent, one or two Business Days immediately prior to the Restatement Effective Date);\n(iii) that attached thereto is a true and complete copy of the by-laws (or partnership agreement, limited liability company agreement or other equivalent constituent and governing documents) of such Loan Party as in effect on the Restatement Effective Date and at all times since a date prior to the date of the resolutions described in the following clause (iv);\n(iv) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors (or equivalent governing body) of such Loan Party, authorizing the execution, delivery and performance by such Loan Party of this Agreement and the borrowings hereunder, and the execution, delivery and performance of each of the other Loan Documents required hereby with respect to such Loan Party and that such resolutions have not been modified, rescinded or amended and are in full force and effect on the Restatement Effective Date; and\n(v) as to the incumbency and specimen signature of each officer or authorized signatory executing this Agreement or any other Loan Document in connection herewith on behalf of such Loan Party.\n(d) The Administrative Agent shall have received the results of a search of the Uniform Commercial Code filings made with respect to the Loan Parties in the jurisdictions contemplated by the Security Agreement or requested by the Collateral Agent and copies of the financing statements disclosed by such search of the Borrower and evidence reasonably satisfactory to the Administrative Agent that the Liens other than Permitted Liens have been, or will be simultaneously or substantially concurrently with the Restatement Effective Date, released (or arrangements reasonably satisfactory to the Administrative Agent for such release have been made).\n(e) The Administrative Agent shall have received a certificate, dated the Restatement Effective Date and signed by the president, a vice president or a chief financial officer of the Borrower, certifying that the conditions set forth in clause (j) have been met.", "snippet_links": [{"key": "obligations-of-the-lenders", "type": "clause", "offset": [4, 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essential elements must be included to avoid ambiguity in the effective date?", "What are the main risks if the effective date is unclear or disputed?", "How do effective date provisions in this context compare to industry standards?", "How have courts interpreted and enforced ambiguous effective date clauses?"], "drafting_tip": "Specify the exact effective date, clarify retroactive application, and reference prior agreements to prevent confusion and ensure legal certainty.", "explanation": "The Restatement Effective Date clause establishes the specific date on which the terms of a restated agreement or document become legally binding and enforceable. In practice, this clause clarifies whether the restated terms apply retroactively to prior actions or only to future conduct, and it may reference a calendar date or an event triggering effectiveness. Its core function is to eliminate ambiguity about when the restated provisions take effect, ensuring all parties are aligned on the operative timeline of their rights and obligations."}, "json": true, "cursor": ""}}