Condition Precedent Clause Example from Business Contracts

Condition Precedent. Notwithstanding any contrary provision, this Amendment shall be effective on the first Business Day upon which all of the following conditions precedent have been satisfied (the "Effective Date"): (a) Lender shall have received counterparts of this Amendment executed by Borrower, Lender, and each other party set forth on the signature pages hereto; (b) Lender shall have received satisfactory evidence that Borrower has paid the fees and expenses of counsel described in Section 5; (c) No Default o...r Event of Default shall have occurred and be continuing or shall result after giving effect to this Amendment; (d) Lender shall have received such other instruments and documents incidental and appropriate to the transactions provided for herein as Lender or its counsel may reasonably request, and all such documents shall be in form and substance satisfactory to Lender (it being agreed that execution of this Amendment by Lender shall evidence that the foregoing conditions have been fulfilled). View More