Execution and Delivery of Documentation. Each Loan Party shall have duly authorized, executed and delivered all documents required hereunder that it is a party to, all in form and substance satisfactory to the Agents, acting reasonably, and all of the Security Documents shall have been registered in all offices in which, in the opinion of the Agents or their counsel, registration is necessary or of advantage to preserve the priority of the Liens intended to be created thereby, and duplicate copies of such Security Documents bearing or accompanied by appropriate endorsements or certificates of registration shall have been delivered to the Administrative Agent. The Administrative Agent shall have received and be satisfied with the results of all personal property, pending litigation, judgment, bankruptcy, bulk sale, execution and other searches conducted by the Administrative Agent and its counsel with respect to each Loan Party in all jurisdictions selected by the Administrative Agent and its counsel.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Postmedia Network Canada Corp.), Revolving Credit Agreement (Postmedia Network Canada Corp.)
Execution and Delivery of Documentation. Each Loan Credit Party shall have duly authorized, executed and delivered all documents documents, including Loan Documents, required hereunder that it is a party tohereunder, all in form and substance satisfactory to the Agents, acting reasonablyAdministrative Agent and its counsel, and all of the Security Documents shall have been registered in all offices in which, in the opinion of the Agents Administrative Agent or their its counsel, acting reasonably, registration is necessary or of advantage to preserve the priority of the Liens intended to be created thereby, and duplicate copies of such Security Documents bearing or accompanied by appropriate endorsements or certificates of registration shall have been delivered to the Administrative Agent. The Administrative Agent shall have received and be satisfied with the results of all personal property, pending litigation, judgment, bankruptcy, bulk sale, execution and other searches reasonably conducted by the Administrative Agent and its counsel with respect to each Loan Party the Credit Parties in all jurisdictions reasonably selected by the Administrative Agent and its counsel.
Appears in 1 contract
Sources: Credit Agreement (Dana Corp)