Common use of Supported Practices Clause in Contracts

Supported Practices. Promptly upon the entering into by any Loan Party of any Material MSA after the Effective Date, deliver, or cause to be delivered, to the Administrative Agent with respect to such Material MSA (i) all Supported Practice Requirements and (ii) a duly executed MSA Collateral Assignment, in each case in form and substance reasonably satisfactory to the Administrative Agent; provided, that, the Loan Parties shall have until the date that is six (6) months after the Effective Date to comply with this clause (d) with respect to any Material MSA entered into between the Effective Date and the date that is six (6) months after the Effective Date. At any time and from time to time each Loan Party shall execute and deliver such further instruments and take such further action as Administrative Agent may reasonably request to effect the purposes of this Agreement and to perfect the Loan Parties’ first priority Lien (subject to Permitted Liens) on the assets of the Supported Practices party to Material MSAs, including to obtain control agreements (and in the case of Government Receivables Accounts, satisfactory sweep arrangements) in form and substance reasonably satisfactory to Administrative Agent covering each such Supported Practice’s cash and accounts.

Appears in 4 contracts

Samples: Credit Agreement (Greenbrook TMS Inc.), Credit Agreement (Greenbrook TMS Inc.), Credit Agreement (Greenbrook TMS Inc.)

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