Common use of Timing and Notice Clause in Contracts

Timing and Notice. With respect to any Collateral in existence on the Closing Date, each Grantor shall comply with the requirements of Section 4 on the date hereof and with respect to any Collateral hereafter owned or acquired, such Grantor shall use commercially reasonable efforts to comply with such requirements within 30 days of Grantor acquiring rights therein. Each Grantor shall promptly inform the Collateral Agent of its acquisition of any Collateral for which any action is required by Section 4 hereof (including, for the avoidance of doubt, the filing of any applications for, or the issuance or registration of, any Patents, Copyrights or Trademarks). Notwithstanding the foregoing, each Grantor shall have 60 days from the Closing Date (which period may be extended in the sole discretion of the Collateral Agent) to provide the Collateral Agent with Control over any Investment Accounts in existence on the Closing Date.

Appears in 3 contracts

Samples: Control Agreement (Ocwen Financial Corp), Control Agreement (Ocwen Financial Corp), Pledge and Security Agreement (Ocwen Financial Corp)

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Timing and Notice. With respect to any Collateral in existence on the Closing Datedate hereof, each Grantor shall comply with the requirements of Section 4 on the date hereof and and, with respect to any Collateral hereafter owned or acquired, such Grantor shall use commercially reasonable efforts to comply with such requirements within 30 fifteen (15) days of such Grantor acquiring rights therein. Each Grantor shall promptly inform the Collateral Agent Bank of its acquisition of any Collateral for which any action is required by Section 4 hereof (including, for the avoidance of doubt, the filing of any applications for, or the issuance or registration of, any Patents, Copyrights or Trademarks). Notwithstanding the foregoing, each Grantor shall have 60 30 (thirty) days from the Closing Date (which period may be extended in the sole discretion of the Collateral Agent) date hereof to provide the Collateral Agent Bank with Control over any Investment Accounts in existence on the Closing DateAccounts.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Greektown Newco Sub, Inc.), Control Agreement (Greektown Superholdings, Inc.), Credit Agreement

Timing and Notice. With respect to any Collateral in existence on the Closing Issue Date, each Grantor shall comply with the requirements of Section 4 on the date hereof and with respect to any Collateral hereafter owned or acquired, such Grantor shall use commercially reasonable efforts to comply with such requirements within 30 days of Grantor acquiring rights therein. Each Grantor shall promptly inform the Collateral Agent Trustee of its acquisition of any Collateral for which any action is required by Section 4 hereof (including, for the avoidance of doubt, the filing of any applications for, or the issuance or registration of, any Patents, Copyrights or Trademarks). Notwithstanding the foregoing, each Grantor shall have 60 days from the Closing Date (which period may be extended in the sole discretion of the Collateral Agent) to provide the Collateral Agent with Control over any Investment Accounts in existence on the Closing Date.

Appears in 2 contracts

Samples: Security Agreement (Ocwen Financial Corp), Pledge and Security Agreement (Ocwen Financial Corp)

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Timing and Notice. With respect to any Collateral in existence on the Closing Datedate hereof, each Grantor shall comply with the requirements of Section 4 on the date hereof and and, with respect to any Collateral hereafter owned or acquired, such Grantor shall use commercially reasonable efforts to comply with such requirements within 30 fifteen (15) days of such Grantor acquiring rights therein. Each Grantor shall promptly inform the Collateral Agent of its acquisition of any Collateral for which any action is required by Section 4 hereof (including, for the avoidance of doubt, the filing of any applications for, or the issuance or registration of, any Patents, Copyrights or Trademarks). Notwithstanding the foregoing, each Grantor shall have 60 30 (thirty) days from the Closing Date (which period may be extended in the sole discretion of the Collateral Agent) date hereof to provide the Collateral Agent with Control over any Investment Accounts in existence on the Closing DateAccounts.

Appears in 2 contracts

Samples: Intercreditor Agreement (Greektown Newco Sub, Inc.), Pledge and Security Agreement (Greektown Superholdings, Inc.)

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