Common use of Post-Closing Conditions Subsequent Clause in Contracts

Post-Closing Conditions Subsequent. (a) Within 30 days of the Closing Date (or such later date as the Administrative Agent might agree in its reasonable discretion), Borrower shall have delivered an administration agreement amendment or side letter, in form and substance reasonably satisfactory to the Administrative Agent, executed by the administrator of the Borrower and the Borrower, confirming that the administrator will initiate Capital Calls at the instruction of the Administrative Agent as and when the Administrative Agent is permitted to initiate Capital Calls under the terms of the Loan Documents. (b) No later than October 31, 2024, Borrower shall provide evidence in form and substance reasonably satisfactory to the Administrative Agent that the Indebtedness set forth on Schedule 3.11(a) and the Liens evidencing such Indebtedness set forth on Schedule 3.11(b) have been terminated.