Post-Amendment Effective Date Covenant Sample Clauses
The Post-Amendment Effective Date Covenant is a contractual provision that sets out specific obligations or restrictions that parties must adhere to after an amendment to the agreement becomes effective. Typically, this clause details new or modified duties, such as compliance with updated terms, delivery of additional documents, or performance of certain actions triggered by the amendment. Its core practical function is to ensure that all parties are clearly aware of and bound by the revised requirements following the amendment, thereby maintaining the integrity and enforceability of the updated agreement.
Post-Amendment Effective Date Covenant. Subject to the consent and authorization of Regency Savings Bank, within thirty (30) days of the Amendment Effective Date, Borrower agrees that it will cause ▇▇▇▇▇▇ of New Jersey Realty Corp., a New Jersey corporation and a wholly owned Subsidiary of Holdings ("Butler NJ Realty"), to deliver to Agent the following documents, each in form and substance reasonably satisfactory to Agent:
(a) a joinder agreement pursuant to which ▇▇▇▇▇▇ NJ Realty agrees to guarantee the Obligations of Borrower and the other Credit Parties under the Loan Documents and become a party to the Loan Documents, duly executed and delivered by an authorized officer of ▇▇▇▇▇▇ NJ Realty;
(b) a pledge amendment, substantially in the form of Schedule II to the Holdings Pledge Agreement, pursuant to which Holdings pledges one hundred percent (100%) of the issued and outstanding Stock of ▇▇▇▇▇▇ NJ Realty (the "Butler NJ Stock") to Agent, in each case duly executed and delivered by an authorized officer of Butler NJ Realty;
(c) an original certificate representing the Butler NJ Stock, together with appropriate instruments of transfer duly executed by Holdings in blank, pledged by Holdings pursuant to the terms of the Holdings Pledge Agreement, as amended pursuant to the pledge amendment referred to in clause (b) above;
(d) a mortgage or deed of trust granting Agent a second priority Lien on the Montvale Property, subject only to the Lien in favor of Regency Savings Bank, together with mortgage title insurance, owner's insurance, real property survey, local counsel opinion, and, if required by Agent, supplemental casualty insurance and flood insurance, and such other documents, instruments or agreements reasonably requested by Agent (including, without limitation, a consent of Regency Savings Bank to the granting of such second priority mortgage to Agent);
(e) copies of ▇▇▇▇▇▇ NJ Realty's (i) charter documents and all amendments thereto and (ii) good standing certificates or the foreign equivalent and certificates of qualification to conduct business in each jurisdiction where its ownership or lease of property or the conduct of its business requires such qualification, each dated a recent date and certified by the applicable authorized Governmental Authority;
(f) copies of Butler NJ Realty's (i) bylaws and all amendments thereto and (ii) resolutions of Butler NJ Realty's board of directors and, to the extent required under applicable law, stockholders, approving and authorizing the execution,...
Post-Amendment Effective Date Covenant. Borrowers shall, and shall cause each other Obligor to, as promptly as reasonably practicable, but in no event later than the number of days after the Third Amendment Effective Date applicable to each clause set forth on Schedule 7.3.4 as any such period may be extended by the Collateral Agent (such extensions not to be unreasonably withheld, delayed or conditioned), provide the items or perform the actions listed on Schedule 7.3.4. with respect to the Real Estate owned as of the Third Amendment Effective Date set forth on Schedule 1.1(C) (other than such Real Estate that becomes the Agent Excluded Real Property, the "Third Amendment Effective Date Mortgaged Real Property").
Post-Amendment Effective Date Covenant a. On or before the [**] following the Amendment Effective Date (or such later time period as the Lender Representative may agree in its reasonable discretion), the Borrower Representative shall have delivered a supplemental Perfection Certificate to the Lender Representative.
Post-Amendment Effective Date Covenant. Borrowers shall, and shall cause each other Obligor to, as promptly as reasonably practicable, but in no event later than the number of days after the Amendment Effective Date applicable to each clause set forth on Schedule 7.3.4 as any such period may be extended by the Collateral Agent (such extensions not to be unreasonably withheld, delayed or conditioned), provide the items or perform the actions listed on Schedule 7.3.4.
1.6 Section 10.1.2(n) of the Loan Agreement is hereby further amended by deleted the phrase “or any of the Co-Collateral Agents” therefrom in its entirety.
1.7 Section 13.14 of the Loan Agreement is hereby replaced in its entirety with “[reserved]”.
1.8 A new Section 13.16 is hereby inserted in the Loan Agreement to read in its entirety as follows.
Post-Amendment Effective Date Covenant. On or prior to the date that is thirty (30) days following the Amendment Effective Date (or such later date as the Administrative Agent may agree in its sole discretion), the Loan Parties shall have delivered duly executed mortgage amendments and/or mortgage assignments with respect to the Mortgages, which shall be in form and substance reasonably satisfactory to the Successor Agent, as the Successor Agent may reasonably request in order to assign the Liens and security interests created thereunder to the Successor Agent and otherwise replace Predecessor Agent with the Successor Agent as the “Administrative Agent” thereunder. Failure by the Loan Parties to comply with the provisions of this Section 7 shall constitute an immediate Event of Default under the Credit Agreement.