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Post-Termination Covenants by Executive
Post-Termination Covenants by Executive contract clause examples

Within fifteen (15) Business Days (or such longer time period as agreed to by Agent in its reasonable discretion), Borrower shall cause the deposit bank with respect to the Operating Accounts to enter into a deposit account control agreement in favor of Agent in form and substance reasonably satisfactory to Agent (for the avoidance of doubt, notwithstanding anything to the contrary in the Loan Documents, Borrower shall not be required to provide a deposit account control agreement with respect to the Operating Accounts prior to the expiration of such period).

Within 60 days following the Closing Date (or such later date as agreed by the Agent in its sole discretion), the Borrower shall execute and deliver deposit account control agreement reasonably acceptable to the Agent covering all of the Deposit Accounts listed on [Schedule 8.7(e)] hereto.

By the date that is five (5) Business Days following the Closing Date (or such later date as Agent may agree in writing), Borrowers shall cause each Deposit Account and Securities Account (other than any Excluded Accounts) to be subject to a Deposit Account Control Agreement or Securities Account Control Agreement (as applicable), in each case, in form and substance reasonably satisfactory to Agent.

Within sixty (60) days of the Closing Date (or such longer period as permitted by Agent in its reasonable discretion), Borrower shall deliver the fully-executed Account Control Agreements, in form and substance reasonably satisfactory to Agent, as requested by Agent, in relation to each of the Deposit Accounts (other than any Exempt Accounts) set forth on [Schedule 7.14] hereto.

by the date that is thirty (30) days following the date hereof (or such later date as Agent may agree in its sole discretion in writing), provide Agent with fully executed Deposit Account Control Agreements for the deposit accounts of the New Borrower, as and to the extent required by [Section 5.14] of the Credit Agreement; provided, that until the New Borrower has provided such Deposit Account Control Agreements or evidence of closure, Borrowers shall not permit the funds held in the New Borrower’s Deposit Accounts to exceed the amount(s) reasonably necessary for New Borrower to maintain solvency, assets, level of income, working capital, or its financial condition in the Ordinary Course of Business.

In addition to and without limiting the restrictions in paragraph (a), the Borrower shall provide the Administrative Agent five (5) Business Days’ prior written notice before establishing any domestic deposit, operating or investment account at or with any bank or financial institution other than the Bank. For each such domestic deposit, operating or investment account that the Borrower at any time maintains, the Borrower shall use commercially reasonable efforts to cause (within ninety (90) days # following the Closing Date or # for accounts established after the Closing Date, the date such account is established (or such later period as the Administrative Agent may agree)) the applicable bank or financial institution (other than the Bank) at or with which any such account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such account to perfect the Administrative Agent’s Lien in such account in accordance with the terms hereunder, and such Control Agreement may not be terminated without the prior written consent of the Administrative Agent.

Control Agreements. No later than forty-five (45) days after the Closing Date, the Borrower shall use commercially reasonable efforts to deliver to the Administrative Agent an executed Control Agreement, in form and substance satisfactory to the Administrative Agent, for each Deposit Account and each Securities Account maintained by a Credit Party; provided that the Borrower shall not be required to deliver a Control Agreement with respect to any Deposit Account or Securities Account if it would not be required to deliver a Control Agreement pursuant to [Section 5.21(d)] hereof.

Control Agreements. No later than forty‑five (45) days after the Closing Date, the Borrower shall use commercially reasonable efforts to deliver to the Administrative Agent an executed Control Agreement, in form and substance satisfactory to the Administrative Agent, for each Deposit Account and each Securities Account maintained by a Credit Party; provided that the Borrower shall not be required to deliver a Control Agreement with respect to any Deposit Account or Securities Account if it would not be required to deliver a Control Agreement pursuant to [Section 5.21(d)] hereof.

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