Examples of Effective Date Lenders in a sentence
Subject to the terms and conditions of this Agreement, on, or within ten (10) days after, the Effective Date, Lenders agree, severally and not jointly, to make one (1) Term Loan (the “Initial Term Loan”) available to Borrower in an amount of at least Five Million Dollars ($5,000,000.00), according to each Lender’s pro-rata share of the Term Loan based upon the respective Commitment Percentage of each Lender.
On the Effective Date, Lenders shall have a legal, valid and continuing first preferred ship mortgage (as amended, supplemented or otherwise modified from time to time) over the whole of, and a perfected first lien on and security interest in, the Pool Vessels, and Lenders shall have a perfected first lien on and security interest in the Collateral subject only to Permitted Liens and all taxes, fees and other charges in connection therewith shall have been duly paid.
Notwithstanding anything else to the contrary provided herein, as long as no Event of Default under Sections 9.1, 9.4 or 9.5 is continuing, no Lender (including, without limitation, the First Amended and Restated Effective Date Lenders) shall be permitted to assign any Advances or Subsequent Advance Commitments (and/or the right to issue Subsequent Advance Commitments hereunder) to any Disqualified Person, Non-Funding Lender or an Impacted Lender.
On the Second Amendment Effective Date, Lenders made an additional term loan to Borrowers in the original aggregate principal amount of $3,647,863.24 (the “Second Amendment Term Loan”; and together with the Original Term Loan, the “Existing Term Loans”).
On or before the Restatement Effective Date, Lenders shall have received from Company (i) audited financial statements of Anagram International, Inc.
On or before the First Amendment Effective Date, Lenders and their respective counsel shall have received originally executed copies of one or more favorable written opinions of Gxxx Xxxxx, Counsel to Loan Parties, in form and substance reasonably satisfactory to Agent and its counsel, dated as of the First Amendment Effective Date, substantially in the form set forth in Annex C hereto and as to such other matters as Agent acting on behalf of Lenders may reasonably request.
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On or before the Sixth Amendment Effective Date, Lenders and their respective counsel shall have received duly executed copies of a waiver of the provisions of the Note Purchase Agreement through August 14, 1997, in form and substance satisfactory to Lenders.
Subject to the terms and conditions of this Agreement, on the Effective Date, Lenders agree, severally and not jointly, to make one (1) loan available to Borrower in an amount up to $8,000,000.00 (the “Term Loan”) (which must be used to pay in full and terminate the Existing Loan Agreements), according to each Lender’s pro-rata share of the Term Loan based upon the respective Commitment Percentage of each Lender.
From and after the Effective Date, Lenders shall be deemed to have waived their rights to pursue their remedies as a result of Borrower's failure to comply with Sections 7.21 and 7.22 of the Loan Agreement for the quarter ending June 30, 2000.