Post-Closing Collateral. To the extent the Company and the Guarantors are not able to execute and deliver all Security Documents required in connection with the creation and perfection of the Liens of the Collateral Agent on the Collateral (to the extent required by this Indenture or such Security Documents) on or prior to the Issue Date, the Company and the Guarantors will use their commercially reasonable efforts to have all security interests in the Collateral duly created and enforceable and perfected, to the extent required by this Indenture or such Security Documents, within the time period required by the Security Documents.
Post-Closing Collateral. The Borrower shall have satisfied, and shall have caused each Loan Party to have satisfied, the Term Loan Priority Collateral Requirements on or prior to (x) the date that is 90 days after the Closing Date (or such later date as may be agreed by the Administrative Agent in its sole discretion) with respect to Term Loan Priority Collateral consisting of Real Estate Collateral Properties and Related Real Estate Collateral located thereon, and (y) within 120 days after the Closing (or such later date as may be agreed by the Administrative Agent in its sole discretion) with respect to Term Loan Priority Collateral consisting of Related Real Estate Collateral located at Material Related Collateral Locations. After the Closing Date, the Borrower may substitute one or more fee-owned or ground leasehold interests in Real Estate (and the Equipment located thereon) for any Term Loan Priority Collateral on the Applicable Collateral List subject to the satisfaction of the terms and conditions set forth in Section 9.21, but provided that any such substitution prior to the completion of the requirements of the previous sentence shall not affect the amount of time permitted for taking any action required under this Section 5.25. In addition to the foregoing, Loan Parties shall deliver or cause to be delivered to the Administrative Agent on or before May 21, 2013 (unless the Administrative Agent, in its sole discretion, shall have agreed to any longer period), a lender’s loss payable endorsement for each of the property insurance policies (including Marine insurance policies insuring inventory) required to be maintained pursuant to Section 5.07, each in form and substance reasonably satisfactory to the Administrative Agent and naming the Administrative Agent as a loss payee and additional insured. Such endorsements shall, or the insurer shall otherwise agree in writing, to make the Administrative Agent a payee on any payment of a claim under such policies and provide for delivery of such payment directly to the ABL Facility Agent (subject to the rights of the Administrative Agent with respect to Term Loan Priority Collateral).
Post-Closing Collateral. The Issuer and the Guarantors will take the actions required by Section 4.10 (Post-Closing Collateral Matters) of the Security Agreement.
Post-Closing Collateral. To the extent the Company and the Guarantors are not able to execute and deliver all Security Documents required in connection with the creation and perfection of the Liens of the Collateral Agent on the Collateral (to the extent required by the Indenture Documents) on or prior to the Issue Date, the Company and the Guarantors will use their commercially reasonable efforts to have all security interests in the Collateral duly created and enforceable and perfected, to the extent required by the Indenture Documents, within the time period required by the Security Agreement.
Post-Closing Collateral. 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 Closing Date applicable to each clause set forth below 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 below (the assets subject to the below requirements, collectively, the “Post-Closing Collateral” and the time periods relating thereto, the “Post-Closing Collateral Period”):
Post-Closing Collateral. Within (a) 14 days after the Effective Date (or such longer period as agreed to by the Administrative Agent in its sole discretion), the Borrower shall deliver Control Agreements between the Collateral Agent and each depository bank with which the applicable Consolidated Company maintains a deposit account, (b) 21 days after the Effective Date (or such longer period as agreed to by the Administrative Agent in its sole discretion), the Borrower shall cause Intermet International, Inc. to execute and deliver a Deed of Pledge (which shall contain a waiver of the existing Deed of Pledge delivered in connection with the Existing Loan Agreement) and such other documents, and take all such actions as shall be necessary, for the Collateral Agent to receive a first priority, perfected pledge of 65% of the Capital Securities of Intermet Netherlands B.V.; in connection with such pledge, the Borrower shall deliver to the Administrative Agent and the Secured Parties an opinion of Dutch counsel in form and substance satisfactory to the Administrative Agent and (c) 30 days after the Effective Date (or such longer period as agreed to by the Administrative Agent in its sole discretion), the Borrower shall (x) execute and deliver, and cause Tool Products, Inc. or Intermet International, Inc. to execute and deliver, a pledge agreement and such other documents, and take all such actions as shall be necessary, for the Collateral Agent to receive a first priority, perfected pledge of 65% of the Capital Securities of Xxxxxxx Inter-met Machining, S. de X.X. de C.V.; in connection with such pledge, the Borrower shall deliver to the Administrative Agent and the Secured Parties an opinion of Mexican counsel in form and substance satisfactory to the Administrative Agent, or (y) cause the dissolution of Xxxxxxx Inter- met Machining, S. de X.X. de C.V., and shall deliver to the Administrative Agent evidence of such dissolution in form and substance satisfactory to the Administrative Agent.
Post-Closing Collateral. Notwithstanding anything herein to the contrary, certain matters relating to Collateral and Mortgaged Properties shall be completed by the Post Closing Collateral Date as provided in Section 10.08 of the Indenture.
Post-Closing Collateral. The Company shall provide or cause to be provided:
Post-Closing Collateral. It is acknowledged and agreed that:
Post-Closing Collateral. To the extent not completed prior to the Issue Date, the Issuer or the applicable Guarantor will take the actions and satisfy the requirements set forth on Schedule B on or prior to the date set forth on Schedule B with respect to each Mortgaged Property listed on Schedule A. At any time that the Company or any Guarantor shall acquire or own any real property with a fair market value in excess of $2,000,000 which does not constitute Excluded Property and which is not subject to a Mortgage in favor of the Collateral Agent for the benefit of the Noteholder Secured Parties, the Company or such Guarantor shall within one-hundred eighty (180) days after the acquisition of such real property (or such later date as the ABL Agent may agree with respect to the corresponding requirement under the ABL Documents), duly execute and deliver to the Collateral Agent counterparts of a Mortgage together with other items set forth in Schedule B, with respect to any such real property.
