Postclosing Conditions Clause Samples
The Postclosing Conditions clause outlines specific obligations or actions that parties must fulfill after the formal closing of a transaction. These conditions may include delivering additional documents, making final payments, or completing certain operational tasks that could not be finalized at closing. By clearly specifying these post-closing requirements, the clause ensures that all necessary steps are completed to fully implement the agreement and address any outstanding matters that arise after closing.
Postclosing Conditions. No later than January 31, 2013, Borrower shall deliver to Bank Landlord Waivers and/or Bailee Agreements for each location where more than $100,000 of Collateral is maintained.
Postclosing Conditions. No later than sixty (60) days after the Effective Date, (i) Borrower shall move all current credit card relationships to Bank and (ii) Borrower shall deliver to Bank a landlord waiver with respect to each location leased by Borrower or any Guarantor. No later than forty five (45) days after the Effective Date, Borrower shall deliver evidence to Bank that Imperial Bank has released all assignments with respect to Borrower’s registered Intellectual Property.
Postclosing Conditions. (a) No later than ten (10) Business Days after the Closing Date, Borrower shall deliver to Bank (i) a fully executed deposit account control agreement for all accounts held outside Bank and (ii) certificate(s) of insurance naming Bank as loss payee and additional insured; and
(b) No later than forty five (45) days after the Closing Date, Borrower shall have established the Bancontrol Account and otherwise be in compliance with Section 2.3(d) hereof.
Postclosing Conditions. By no later than October 31, 2013, Borrower shall deliver to Bank a landlord’s consent in favor of Bank for ▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ by the respective landlord thereof, together with the duly executed original signatures thereto.
Postclosing Conditions. No later than sixty (60) days after the Effective Date, Co-Borrowers shall deliver to Bank:
(a) a landlord's consent in favor of Bank for each leased location by the respective landlord thereof, together with the duly executed original signatures thereto;
(b) a bailee's waiver in favor of Bank for each location where a Co-Borrower maintain property with a third party, by each such third party, together with the duly executed original signatures thereto; and
(c) evidence satisfactory to Bank that the insurance policies and endorsements required by Section 6.7 hereof are in full force and effect, together with appropriate evidence showing lender loss payable and/or additional insured clauses or endorsements in favor of Bank.