Post-Effective Date Covenant Clause Samples
A Post-Effective Date Covenant is a contractual provision that imposes certain obligations or restrictions on one or more parties that continue to apply after the main agreement has become effective. For example, it may require a party to maintain confidentiality, refrain from competing, or fulfill specific reporting duties even after the closing of a transaction. This clause ensures that important commitments survive the initial execution of the contract, thereby protecting the interests of the parties and addressing ongoing responsibilities that extend beyond the effective date.
Post-Effective Date Covenant. The Borrower agrees to deliver, or cause to be delivered (or to use commercially reasonable efforts to deliver or cause to be delivered, to the extent applicable and specified on Schedule 5.13), to the Administrative Agent, the items described on Schedule 5.13 hereof on or before the dates specified with respect to such items, or such later dates as may be agreed to by the Administrative Agent in its reasonable discretion.
Post-Effective Date Covenant. The continuing effectiveness of the amendments set forth in paragraph 2 shall be subject to the receipt on or before November 9, 2004 by the Administrative Agent on behalf of each Lender that executes this Amendment on or prior to November 8, 2004, of a non-refundable amendment fee in the amount of 0.20% of such Lender’s respective Commitment. The Borrower agrees that the failure to such amendment fee on or before November 9, 2004 result in the occurrence of an Event of Default.
Post-Effective Date Covenant. The Subject Canadian Loan Parties shall, within 60 days after the Amendment No. 3 Effective Date (or such later date as mutually agreed by the Administrative Agent and the Top Borrower acting reasonably), complete such undertakings as are set forth on Schedule II.
Post-Effective Date Covenant. (a) On the Effective Date, the Administrative Agent shall have received a fully executed copy of the DrillCo Agreement, together with all exhibits and schedules thereto, certified as accurate and complete by a Responsible Officer of the Borrower.
(b) Within 5 Business Days following the Effective Date, the Administrative Agent shall have received multiple original counterparts, as requested by the Administrative Agent, of Mortgages encumbering the Borrower’s interest in the Initial ▇▇▇▇▇, appropriate UCC‑1 Financing Statements covering such Initial ▇▇▇▇▇ for filing with the appropriate authorities, any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Initial ▇▇▇▇▇ and a legal opinion of Hall, Estill, Hardwick, Gable, Golden & ▇▇▇▇▇▇, P.C., as Oklahoma counsel to the Loan Parties.
Post-Effective Date Covenant. Notwithstanding anything to the contrary contained herein, not later than June 30, 2018, Borrower shall execute and deliver to Bank a pledge agreement, in form and substance reasonably acceptable to Bank, granting and pledging to Bank to secure the Obligations sixty-five percent (65%) of the voting stock of the Korean Subsidiary.
Post-Effective Date Covenant. With respect to any Acquired Tribune Loan Party existing as of the Third Amendment Effective Date that has not executed and delivered each of the required Security Documents or taken the perfection steps set forth in Schedule A on the Third Amendment Effective Date, cause such Acquired Tribune Loan Party to promptly, and in any event within the period specified therefor in Schedule A hereto, to execute and deliver such Security Documents and take such perfection steps.
Post-Effective Date Covenant. The Company, Investor and Individual will each use its or his respective best efforts to cause each of the actions contemplated by this Section 2.2 to occur as promptly as practicable after the Effective Date.
a. The Directors of the Company shall elect J. T▇▇▇▇▇▇ ▇▇▇▇▇ to serve the remainder of the term for the vacancy created by his resignation until the annual stockholders meeting of the Company in 2003.
b. Conditional upon receiving a Required Letter, the Directors of the Company shall elect Individual to serve the remainder of the term for the vacancy created by his resignation until the annual stockholders meeting of the Company in 2004.
c. Conditional upon receiving a Required Letter, the Directors of the Company shall elect D▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ to serve the remainder of the term for the vacancy created by his resignation until the annual stockholders meeting of the Company in 2005.
d. Contemporaneously with the actions contemplated in Section 2.2 a., b. and c. the Directors of the Company shall approve and the Company shall execute indemnification agreements with Individual and Messrs. B▇▇▇▇ and W▇▇▇▇▇▇▇ granting to them the same indemnification granted to other non-management directors of the Company.