Common use of Post-Closing Delivery of Account Control Agreements Clause in Contracts

Post-Closing Delivery of Account Control Agreements. Notwithstanding the requirements set forth in Section 8.14, with respect to each Deposit Account, Commodity Account and Securities Account of the Credit Parties in existence on the Effective Date (other than, in each case, De Minimis Accounts), Borrower and each Restricted Subsidiary shall, no later than thirty (30) days after the Effective Date (or such later date as Administrative Agent may agree in its sole discretion), deliver to Administrative Agent duly executed Account Control Agreements in accordance with and to the extent required by the Security Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Brigham Minerals, Inc.), Credit Agreement (Sitio Royalties Corp.), Credit Agreement (Brigham Minerals, Inc.)

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Post-Closing Delivery of Account Control Agreements. Notwithstanding the requirements set forth in Section 8.148.17, with respect to each Deposit Account, Commodity Account and Securities Account of the Credit Parties in existence on the Effective Date (other than, in each case, De Minimis Excluded Accounts) in existence during the period from the Effective Date through and including the 60th day after the Effective Date (or such later date as the Administrative Agent may agree in its sole discretion) (such date, the “Control Agreement Delivery Date”), the Borrower and each Restricted Subsidiary shall, no later than thirty (30) days after the Effective Date (or such later date as Administrative Agent may agree in its sole discretion)Control Agreement Delivery Date, deliver to the Administrative Agent duly executed Account Control Agreements in accordance with and to the extent required by the Security AgreementAgreements.

Appears in 2 contracts

Samples: Credit Agreement (Fortis Minerals, LLC), Credit Agreement (Fortis Minerals, Inc.)

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