Common use of Post-Closing Obligation Clause in Contracts

Post-Closing Obligation. Borrower shall cause Cardinal Health 110, LLC, and any of its affiliates with which Borrower has entered into any agreement, to execute a subordination agreement with and for the benefit of MCI on or before the date that is thirty (30) calendar days after the Closing Date, time being of the essence, and to be satisfactory, in form and substance, to MCI in its reasonable discretion. The failure to satisfy the above condition subsequent on or before the date when due shall be an Event of Default hereunder, unless otherwise agreed to in writing by MCI.