Common use of Closing Items Clause in Contracts

Closing Items. The Borrower shall deliver, or cause to be delivered, not later than 21 days from the Closing Date (or such later date as the Administrative Agent shall agree in its sole reasonable discretion), a written assignment agreement between SuperMedia UK Ltd. and SuperMedia LLC, pursuant to which SuperMedia UK Ltd. shall assign all existing and future Intellectual Property developed by SuperMedia UK Ltd. to SuperMedia LLC. For clarity, such Intellectual Property shall be automatically upon assignment (i) included in the definition of Escrow Materials and (ii) subject to the Master IP License Agreement and the escrow arrangements entered into with respect to the Escrow Materials pursuant to the Loan Agreement.