This Agreement shall become effective on the date (the “ Closing Date ”) on which the conditions set forth in Section 5.01 shall have been satisfied or waived by the Lenders.  The Lenders party hereto, solely in their capacities as lenders under the Existing Credit Agreements to which they are a party, hereby waive any default or event of default under such Existing Credit Agreements that may result from the incurrence of the loans hereunder and any liens granted in connection therewith.
effectiveness