Example ContractsClausesConditions to Effectiveness of Increases
Conditions to Effectiveness of Increases
Conditions to Effectiveness of Increases contract clause examples

Conditions to Effectiveness of Increases. As conditions precedent to any such increase, #

Conditions to Effectiveness of Increases. As conditions precedent to any such increase, # before and after giving effect to such increase, subject to Sections 1.08 and 1.09, # the representations and warranties contained in Article V and the other Loan Documents shall be true and correct in all material respects on and as of the Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, except that any such representation or warranty qualified by materiality or as to Material Adverse Effect shall be true and correct in all respects and except that for purposes of this [Section 2.15], the representations and warranties contained in [Section 5.05(a) and (b)])] shall be deemed to refer to the most recent statements furnished pursuant to [Section 6.01(a) or (b)])], respectively, # the Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Increase Effective Date signed by a Responsible Officer of such Loan Party # certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase and # in the case of the Borrower, certifying that, the conditions described in subsection # above have been satisfied, # if the proposed Increased Revolving Commitments, Increased Term Loan Commitments or Incremental Term Facility, as applicable, would be incurred in reliance on subsection # of the definition ofIncremental Loan Amount”, subject to Sections 1.08 and 1.09, the Total Net Leverage Ratio would not exceed 4.00 to 1.00 on a Pro Forma Basis (without netting any cash proceeds from the incurrence of such Increased Revolving Commitment, Increased Term Loan Commitment or Incremental Term Facility and calculated as though any such Increased Revolving Commitments were fully drawn), # the Administrative Agent shall have received a joinder agreement (each, an “Incremental Joinder”) duly executed by the Borrower, each Lender providing any portion of such Increased Revolving Commitments, Increased Term Loan Commitments or Incremental Term Facility and the Administrative Agent setting forth the commitments and other provisions relevant to such Increased Revolving Commitments, Increased Term Loan Commitments or Incremental Term Facility (which in the case of any Incremental Term Facility shall in any event include interest rates, the Maturity Date and any amortization) which shall in each case be customary for facilities of such type and, in the case of any Additional Lender (provided that any such Increased Term Loan Commitments or Increased Revolving Commitments shall be additional Term Commitments or Revolving Commitments hereunder having terms and conditions (other than any upfront or similar fees payable on the Increase Effective Date) identical to the applicable existing Term Commitments or Revolving Commitments), such Additional Lender shall agree to become a party to this Agreement, and provide legal opinions reasonably requested by the Administrative Agent relating to the matters similar to those covered in the opinions delivered on the Closing Date, # in the case of an Incremental Term Facility (other than Customary Bridge Loans), the maturity date applicable to such Incremental Term Facility shall be on or after the latest Maturity Date of each Term Facility then outstanding and the Weighted Average Life to Maturity of such Incremental Term Facility shall be no shorter than the Weighted Average Life to Maturity of any Term Facility then outstanding, # in the case of an Incremental Term Facility, in the event that the All-In Yield for such Incremental Term Facility is greater than the Applicable Rate for the Initial Term Facility by more than 0.50%, the Applicable Rate for the Initial Term Facility shall be increased to the extent necessary so that the All-In Yield for such Incremental Term Facility (and any other Incremental Term Facility) is not more than 0.50% higher than the All-In Yield for the Initial Term Facility, # in the case of an Increased Term Loan, such Increased Term Loan shall be on the same terms and pursuant to the same documentation applicable to the Term Loans, # in the case of an Increased Revolving Commitment, such Increased Revolving Commitment shall be on the same terms and pursuant to the same documentation applicable to the Initial Revolving Credit Facility and # in the case of an Incremental Term Facility, any other terms and provisions applicable to such Incremental Term Facility shall be # when taken as a whole with all of the terms of such Incremental Term Facility, not materially less favorable to the Loan Parties than the terms of the Term Loans, when taken as a whole or # otherwise reasonably satisfactory to the Administrative Agent. The Borrower shall also pay any costs and expenses (including, without limitation, Attorney Costs) incurred in connection with the increase of any Commitment pursuant to this [Section 2.15].

Conditions to Effectiveness. This Extension Agreement shall become effective on the date on which the Borrower, the Agent and the Lenders receive counterpart signatures to this Extension Agreement duly executed and delivered by the Loan Parties, the Agent and each Lender.

Conditions to Effectiveness. This Amendment shall become effective only upon satisfaction in full, in a manner satisfactory to the Administrative Agent, of the following conditions precedent (the first date upon which all such conditions shall have been satisfied being hereinafter referred to as the “Amendment Effective Date”):

CONDITIONS TO EFFECTIVENESS. This Amendment will be effective as of the Effective Date, but subject to satisfaction of each of the following conditions precedent:

Conditions to Effectiveness. This Amendment shall become effective only upon satisfaction in full, in a manner satisfactory to the Administrative Agent, of the following conditions precedent (the first date upon which all such conditions shall have been satisfied being hereinafter referred to as the “Amendment Effective Date”):

Conditions to Effectiveness. The effectiveness of this Amendment is subject to the fulfillment to Bank’s satisfaction of the following conditions:

Conditions to Effectiveness. This Agreement shall become effective as of the date on which each of the following conditions has been satisfied, as determined by Agent in its sole discretion:

Conditions to Effectiveness. This Amendment shall be deemed effective upon # the due execution and delivery to Bank of # this Amendment by each party hereto, # the Pledge Agreement, # evidence that Borrower has established the Pledged Account, and # payment by Borrower of all Bank Expenses due and owing as of the date hereof, which, in each case, may be debited from any of Borrower’s accounts at Bank.

Conditions to Effectiveness. This Amendment shall become effective only upon satisfaction in full, in a manner satisfactory to the Administrative Agent, of the following conditions precedent on or before June 1, 2022 (the first date on or before June 1, 2022 upon which all such conditions shall have been satisfied being hereinafter referred to as the “Amendment Effective Date”):

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