Common use of Post-Effective Date Matters Clause in Contracts

Post-Effective Date Matters. (a) Within one calendar day after the Funding Date, (i) the Borrower shall cause the Funding Date Distribution to be paid and (ii) the Spin-Off shall be consummated. (b) As promptly as practicable, and in any event within 90 days (or such longer period as the Administrative Agent, acting reasonably, may agree to in writing), after the Funding Date, Holdings and the Borrower shall, and shall cause each of its Subsidiaries that is a Loan Party to, deliver all Mortgages and Control Agreements that are required to be delivered pursuant to the Collateral and Guarantee Requirement, except to the extent otherwise agreed by the Administrative Agent pursuant to its authority as set forth in the definition of the term “Collateral and Guarantee Requirement”.

Post-Effective Date Matters. (a) Within one calendar day five Business Days after the Funding Effective Date, (i) the Borrower shall cause the Funding Effective Date Distribution Dividend to be paid and (ii) the Spin-Off shall be consummated. (b) As promptly as practicable, and in any event within 90 days (or such longer period as the Administrative Agent, acting reasonably, may agree to in writing), after the Funding Effective Date, Holdings and the Borrower shall, and shall cause each of its Subsidiaries that is a Loan Party to, deliver all Mortgages and Control Agreements that are required to be delivered pursuant to the Collateral and Guarantee Requirement, except to the extent otherwise agreed by the Administrative Agent pursuant to its authority as set forth in the definition of the term “Collateral and Guarantee Requirement”.