Common use of Timing and Notice Clause in Contracts

Timing and Notice. With respect to any Collateral in existence as of 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, each Grantor shall comply with such requirements within thirty (30) days of such Grantor acquiring rights therein. Notwithstanding anything to the contrary contained in this Section 4.5, each Grantor shall within thirty (30) days after the end of each fiscal quarter 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).

Appears in 2 contracts

Samples: Second Lien Pledge and Security Agreement (American Casino & Entertainment Properties LLC), First Lien Pledge and Security Agreement (American Casino & Entertainment Properties LLC)

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Timing and Notice. With respect to any Collateral in existence as of 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, each such Grantor shall comply with such requirements within thirty fifteen (3015) days of such Grantor acquiring rights thereintherein (or such longer period of time agreed to by the Collateral Agent in its sole discretion). Notwithstanding anything to the contrary contained in this Section 4.5, each Each Grantor shall within thirty (30) days after the end of each fiscal quarter 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).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (TerraForm Power, Inc.)

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Timing and Notice. With respect to any Collateral in existence as of the Closing Date, each Grantor shall comply with the requirements of Section 4 hereof on the date hereof and, with respect to any Collateral hereafter owned or acquired, each Grantor shall comply with such requirements within thirty (30) days of such Grantor acquiring rights therein. Notwithstanding anything to the contrary contained in this Section 4.5, each Grantor shall within thirty (30) days after the end of each fiscal quarter 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).

Appears in 1 contract

Samples: Pledge and Security Agreement (American Casino & Entertainment Properties LLC)

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