Post-Closing Date Conditions. Borrowers shall satisfy each of the following conditions within the prescribed time period:
6.3.1 Within 15 days after the Closing Date, each Borrower shall deliver to Collateral Agent a Deposit Account Control Agreement with respect to each Deposit Account of such Borrower maintained by a Lender.
6.3.2 Within 10 days after the Closing Date, Borrowers shall deliver to Collateral Agent a Lien Waiver with respect to the offices located at 000 X.X. Xxxxx Xxx., Xxxxxxxxxxx, Xxxxxxxx.
6.3.3 Within 10 days after the Closing Date, Borrowers shall cause the termination of the UCC-1 financing statement filed by Dealers Auto Auction of Dallas with the Texas Secretary of State bearing Filing Number 06-0011169276; provided, that failure to cause such termination will not result in an Event of Default but will result in the establishment of either a Colonial Availability Reserve or ACM-TCM Availability Reserve by Collateral Agent in the amount of $125,000.
Post-Closing Date Conditions. Within 90 days after the Closing Date or such longer time as the Administrative Agent permits in its sole discretion, the Borrower shall close any Deposit Accounts maintained at Xxxxx Fargo Bank, N.A. and transfer all funds therein to an account of the Borrower maintained by the Administrative Agent and provide evidence of such closure to the Administrative Agent, in form and substance satisfactory to the Administrative Agent. Within 45 days after Closing or such longer time as the Administrative Agent permits in its sole discretion, the Borrower shall delivered updated endorsements on its insurance policies reflecting the Lender’s requested changes.
Post-Closing Date Conditions. Borrowers shall satisfy each of the following conditions within the applicable time periods:
Post-Closing Date Conditions. Within the time periods set forth below (or such longer period as determined by Agent) Borrower shall:
6.3.1. within 60 days after the Closing Date (or such later date as may be agreed to by Agent in its sole discretion), deliver to Agent duly executed agreements establishing each Dominion Account, in form and substance, and with financial institutions, satisfactory to Agent;
6.3.2. within 60 days after the Closing Date (or such later date as may be agreed to by Agent in its sole discretion), deliver to Agent duly executed Deposit Account Control Agreements with respect to any Deposit Account and control agreements with respect to any Securities Accounts, in each case, as required by Section 8.5, in form and substance, and with financial institutions, satisfactory to Agent; and
6.3.3. within 90 days after the Closing Date (or such later date as may be agreed to by Agent in its sole discretion), cooperate with Agent and its employees, agents and representatives to allow Agent to conduct a full scope field examination which shall be conducted by an examiner satisfactory to Agent and shall be in scope, form and substance satisfactory to Agent.
6.3.4. within 10 Business Days after the Closing Date (or such later date as may be agreed to by Agent in its sole discretion), Borrower shall deliver to Agent a lender’s loss payable endorsement with respect to Borrower’s insurance policy, in form and substance satisfactory to Agent.
Post-Closing Date Conditions. Borrower shall satisfy each of the conditions set forth in Schedule 6.3 within the applicable time period.
Post-Closing Date Conditions. Within no later than sixty (60) days after the Closing Date (or as such longer period as approved by Agent), Obligors shall establish procedures pursuant to which Agent named as lien holder on certificates of title with respect to Borrower’s buses, which procedures shall be in form and substance satisfactory to Agent in its Permitted Discretion.
Post-Closing Date Conditions. 1.1.1. Within no later than 60 days of the Closing Date (or such longer period in Lender’s sole discretion), Borrower shall deliver to Lender duly executed agreements establishing each Dominion Account and related lockbox, in form and substance, and with financial institutions, satisfactory to Lender.
1.1.2. Within no later than 60 days of the Closing Date (or such longer period in Lender’s sole discretion), Borrower shall use commercially reasonable efforts to deliver to Lender duly executed Lien Waivers with respect to the locations located at 0000 Xxxxxxx Xxx., Xxxxx #000, Xxxxxxxx, Xxxxxxxxxx and 000 Xxxx Xxxxxx Xxxx, Xxxx xx Xxxxxxxx, XX 00000.
1.1.3. Within no later than 30 days of the Closing Date (or such longer period in Lender’s sole discretion), Lender shall have received insurance endorsements for the property insurance policy carried by Borrowers, in compliance with the Loan Documents.
Post-Closing Date Conditions. Each Obligor agrees to comply with each of the covenants contained in Schedule 6.2 on or before the time periods prescribed therein.
Post-Closing Date Conditions. Notwithstanding anything contained in Sections 4.01 and 4.02 to the contrary, the conditions listed below shall occur after the Closing Date. Failure to satisfy the conditions set forth herein within the specified time period shall be an Event of Default.
(a) Within fifteen (15) days after the Closing Date, Agent shall have received from Borrower and Flow Switzerland (except as otherwise permitted by Section 4.03(b) below) those documents required to be executed and delivered by Flow Switzerland pursuant to Section 4.01(a) above.
(b) If the sale of Flow Sweden and Flow Switzerland (and such other related businesses) as permitted by Section 7.04(c) is not consummated within ninety (90) days of the Closing Date, then Flow Sweden and Flow Switzerland shall promptly (but no later than five (5) Business Days thereafter) execute and deliver to Agent the Foreign Guarantor Security Agreement.
Post-Closing Date Conditions. Each of HVIF and the HVIF Administrator hereby agrees to satisfy the conditions subsequent set forth in Annex 4 hereto.
