Condition Precedent Clause Example with 4 Variations from Business Contracts

This page contains Condition Precedent clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Condition Precedent. The obligations, agreements and waivers of Lenders as set forth in this Amendment are subject to the satisfaction (in the opinion of Administrative Agent), unless waived in writing by Administrative Agent, of each of the following conditions (and upon such satisfaction, this Amendment shall be deemed to be effective as of the Effective Date): A. Fifth Amendment to Credit Agreement. This Amendment shall be in full force and effect. B. Amendment Fee. Borrower shall have paid Administrative Age...nt for the ratable benefit of the Lenders an amendment fee of $50,000. C. Fees and Expenses. Administrative Agent shall have received payment of all out-of-pocket fees and expenses (including reasonable attorneys’ fees and expenses) incurred by Administrative Agent in connection with the preparation, negotiation and execution of the Modification Papers. View More
Found in Samson Oil & Gas LTD contract

Variations of a "Condition Precedent" Clause from Business Contracts

Condition Precedent. The obligations, agreements and waivers of Lenders as set forth in this Amendment are subject to the satisfaction (in the opinion of Administrative Agent), unless waived in writing by Administrative Agent, of each of the following conditions (and upon such satisfaction, this Amendment shall be deemed to be effective as of the Effective Date): A. Fifth Fourth Amendment to Credit Agreement. This Amendment shall be in full force and effect. B. Amendment Fee. Borrower shall have paid Administrative ...Agent for the ratable benefit of the Lenders an amendment fee of $50,000. C. Fees and Expenses. Administrative Agent shall have received payment of all out-of-pocket fees and expenses (including reasonable attorneys’ fees and expenses) incurred by Administrative Agent in connection with the preparation, negotiation and execution of the Modification Papers. View More
Found in Samson Oil & Gas LTD contract
Condition Precedent. The obligations, obligations and agreements and waivers of the Lenders as set forth in this Amendment are subject to the satisfaction (in the opinion of Administrative Agent), satisfaction, unless waived in writing by Administrative Agent, of each of the following conditions (and upon such satisfaction, this Amendment shall be deemed to be effective as of the Effective Date): A. Fifth Amendment to Credit Agreement. Amendment. This Amendment shall be in full force have been duly executed and effe...ct. delivered by each of the parties hereto. SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Page 1 B. Amendment Fee. Fees. The Borrower shall have paid to the Administrative Agent for the ratable benefit of fees set forth in the Lenders an amendment fee of $50,000. Fee Letter between them dated July 2, 2018 C. Fees and Expenses. Administrative Agent shall have received payment of all out-of-pocket fees and expenses (including reasonable attorneys’ fees and expenses) incurred by Administrative Agent in connection with the preparation, negotiation and execution of the Modification Papers. View More
Found in PRIMEENERGY RESOURCES CORP contract
Condition Precedent. The obligations, obligations and agreements and waivers of the Lenders as set forth in this Amendment are subject to the satisfaction (in the opinion of Administrative Agent), satisfaction, unless waived in writing by Administrative Agent, of each of the following conditions (and upon such satisfaction, this Amendment shall be deemed to be effective as of the Effective Date): A. Fifth (a) Seventh Amendment to Credit Agreement. This Amendment shall be in full force have been duly executed and eff...ect. B. Amendment delivered by each of the parties hereto. (b) New Notes. Borrower shall have executed and delivered the New Notes to the New Lenders. (c) Upfront Fee. Borrower shall have paid Administrative Adminstrative Agent for the ratable benefit account of the Lenders an amendment fee of $50,000. C. the previous agreed upfront fees. (d) Fees and Expenses. Administrative Agent shall have received payment of all out-of-pocket fees and expenses (including reasonable attorneys’ fees and expenses) incurred by Administrative Agent in connection with the preparation, negotiation and execution of the Modification Papers. View More
Found in Gulfport Energy Corp contract
Condition Precedent. The obligations, agreements and waivers of Lenders as set forth in this Amendment are subject to the satisfaction (in the opinion of Administrative Agent), unless waived in writing by Administrative Agent, of each of the following conditions (and upon such satisfaction, this Amendment shall be deemed to be effective as of the Effective Date): A. Fifth (a) Ninth Amendment to Second Amended and Restated Credit Agreement. Agreement and Limited Waiver. This Amendment shall be in full force and effec...t. B. Amendment Fee. (b) Security Documents. Administrative Agent shall have received Security Documents, in form and substance satisfactory to Administrative Agent, executed and delivered by the Loan Parties and encumbering substantially all of their personal property. (c) Payment of Deficiency. Borrower shall have paid to the Administrative Agent Agent, for the ratable benefit of the Lenders an amendment fee Lenders, the amount of $50,000. C. any Deficiency resulting from the reduction of the Borrowing Base set forth in Section 4. (d) Fees and Expenses. Administrative Agent shall have received payment of all out-of-pocket fees and expenses (including reasonable attorneys’ fees and expenses) incurred by Administrative Agent in connection with the preparation, negotiation and execution of the Modification Papers. View More
Found in PRIMEENERGY RESOURCES CORP contract