Post-Closing Collateral Matters Clause Samples
The "Post-Closing Collateral Matters" clause outlines the obligations and procedures related to collateral after the closing of a transaction. It typically specifies actions that parties must take to perfect, maintain, or release security interests in collateral, such as filing necessary documents or delivering additional assurances. This clause ensures that the lender's security interests remain protected and enforceable after the deal is finalized, addressing any outstanding collateral issues that may arise post-closing.
Post-Closing Collateral Matters. Execute and deliver the documents and complete the tasks set forth on Schedule 5.14, in each case within the time limits specified on such schedule.
Post-Closing Collateral Matters. (a) Within 120 days after the Original Closing Date, unless waived or extended by the Administrative Agent in its sole discretion, the applicable Loan Party shall deliver to the Administrative Agent, with respect to each Owned Mortgaged Property, the following:
(1) a Mortgage encumbering each Owned Mortgaged Property in favor of the Collateral Agent, for the benefit of the Secured Parties, duly executed and acknowledged by each Loan Party that is the owner of or holder of any interest in such Owned Mortgaged Property, and otherwise in proper form for recording in the recording office of each applicable political subdivision where each such Owned Mortgaged Property is situated, together with such certificates, affidavits, questionnaires or returns as shall be required in connection with the recording or filing thereof to create a lien under applicable Governmental Requirements, and such financing statements and any other instruments necessary to grant a mortgage lien under the laws of any applicable jurisdiction, all of which shall be in form and substance reasonably satisfactory to Administrative Agent, provided that, with respect to any Mortgage subject to state, county or municipal recording, documentary or intangible Taxes, the amount secured by such Mortgage shall not exceed an amount equal to the Fair Market Value of the Owned Mortgaged Property encumbered thereby, as determined in good faith by the Parent Borrower and reasonably acceptable to the Administrative Agent;
(2) an ALTA loan policy of title insurance (or marked up title insurance commitment having the effect of a policy of title insurance) insuring the Lien of the Mortgage referred to above as a valid first mortgage Lien on the Owned Mortgaged Property and fixtures described therein in an amount equal to the Fair Market Value of such Owned Mortgaged Property, as determined in good faith by the Parent Borrower and reasonably acceptable to the Administrative Agent, which policy (or such marked-up commitment) (each, a “Title Policy”) shall (A) be issued by the Title Company, (B) to the extent necessary, include such reinsurance arrangements (with provisions for direct access, if necessary) as shall be reasonably acceptable to the Administrative Agent, (C) contain a “tie-in” or “cluster” endorsement, if available under applicable law (i.e., policies which insure against losses regardless of location or allocated value of the insured property up to a stated maximum coverage amount), (D) have bee...
Post-Closing Collateral Matters. The Loan Parties shall execute and deliver the documents and complete the tasks set forth on Schedule 6.13, in each case within the time limits specified on such schedule subject to the extension by the Administrative Agent in its sole discretion.
Post-Closing Collateral Matters. The Administrative Agent shall have received from the Borrower and each applicable Pledgor all post-closing deliverables required to be delivered pursuant to Section 5.13(e) of the Credit Agreement.
Post-Closing Collateral Matters. The Issuer and each applicable Pledgor shall comply with the following requirements with respect to post-closing collateral matters:
Post-Closing Collateral Matters. To the extent such item has not been delivered as of the Closing Date, Company shall deliver to Administrative Agent within 10 Business Days after the Closing Date (or such later date as Administrative Agent may agree), a share mortgage with the Collateral Agent pledging Capital Stock of Company’s direct, wholly owned Subsidiary IntraLinks, Ltd. possessing 65% of the aggregate voting power of all of such company’s stock and 100% of such company’s non-voting stock and a related written opinion or opinions of foreign counsel in form reasonably satisfactory to Administrative Agent.
Post-Closing Collateral Matters. The Borrower will use commercially reasonable efforts to execute and deliver or cause to be executed and delivered the documents and complete the tasks set forth on Schedule 8.11, in each case within the time limits specified on such schedule.
Post-Closing Collateral Matters. Within 60 days after the Closing Date, the Borrower shall cause to be provided to the Collateral Agent (a) a Mortgage with respect to each Mortgaged Property, executed and delivered by a duly authorized officer of each party thereto and (b) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to such Mortgages, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent.
Post-Closing Collateral Matters. Within 30 days after the Closing Date, the applicable Credit Parties shall obtain and deliver to the Administrative Agent (to the extent such items have not been provided as of the Closing Date) with respect to each of the Real Properties listed on Schedule 7.10, the following:
Post-Closing Collateral Matters. (a) Within 30 days after the Closing Date, the applicable Credit Parties shall obtain and deliver to the Administrative Agent (to the extent such items have not been provided as of the Closing Date) with respect to each of the Real Properties listed on Schedule 7.10, the following:
(i) a duly executed and acknowledged Mortgage, together with such certificates, affidavits, questionnaires, instruments or returns and financing statements meeting the requirements of subsections 6.1(h)(i) and 6.1(h)(ii), in each case, of the Original Credit Agreement;
(ii) policies or certificates of insurance as required by subsection 6.1(h)(iii) of the Original Credit Agreement;
(iii) evidence reasonably acceptable to the Administrative Agent of payment of all applicable mortgage recording taxes, fees, charges, costs and expenses required for the recording of such Mortgage;
(iv) a Title Policy;
(v) such consents, approvals, estoppels, tenant subordination agreements or other instruments as required by subsection 6.1(h)(vi) of the Original Credit Agreement; and
(vi) an opinion of local counsel in the state in which the applicable Real Property is located in the form of Exhibit L-2 or otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Arranger.
(b) Within 60 days after the Closing Date, the applicable Credit Parties shall obtain and deliver to the Administrative Agent a Survey with respect to each of the Mortgaged Properties. Upon obtaining said Survey, the applicable Credit Party shall cause to be delivered endorsements to the Title Policy delivered pursuant to subsection 7.10(a)(iv) above, removing the customary survey exceptions therein, providing the comprehensive and survey endorsements thereto as well as any other endorsements set forth in subsection 6.1(h)(v) of the Original Credit Agreement which were omitted as a result of the applicable Credit Parties failure to obtain a Survey contemporaneously with said Title Policy, within ten (10) Business Days after the delivery of said Survey.
(c) Within 45 days after the Closing Date, the applicable Credit Parties shall use commercially reasonable efforts to obtain a subordination, non-disturbance and attornment agreement for each of the leaseholds of the applicable Credit Parties located at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Lane, Wye ▇▇▇▇▇, MD 21679 and ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ from all mortgagees or beneficiaries, as applicable, of the fee interest of such properties, on the Administrativ...