Common use of Post-Closing Collateral Matters Clause in Contracts

Post-Closing Collateral Matters. The Issuers shall or shall cause each of its Restricted Subsidiaries to use commercially reasonable efforts to deliver to the Trustee and the Collateral Agent each of the following items within 90 days after the Issue Date (and in any event as soon as reasonably practicable thereafter); provided that to the extent it shall be necessary for the Issuers or any Restricted Subsidiary to initiate or defend one or more appropriate actions, suits or proceedings at law, equity or otherwise to clear or quiet title in order that valid and indefeasible title to any Real Property shall be vested of record in the applicable Issuer or Guarantor free and clear of all Liens other than Permitted Encumbrances (as defined in Schedule B to the Purchase Agreement) (such action, suit or proceeding, a “Title Action”), such post-closing period shall be extended for so long as the Issuers or the appropriate Restricted Subsidiary shall, in good faith, promptly commence and diligently prosecute such Title Action;

Post-Closing Collateral Matters. The Issuers Parent shall or shall cause each of its Restricted Subsidiaries to use commercially reasonable efforts to deliver to the Trustee and the Collateral Agent each of the following items within 90 180 days after the Issue Date (and in any event as soon as reasonably practicable thereafter); provided that to the extent it shall be necessary for the Issuers Parent or any Restricted Subsidiary to initiate or defend one or more appropriate actions, suits or proceedings at law, equity or otherwise to clear or quiet title in order that valid and indefeasible title to any Real Property shall be vested of record in the applicable Issuer or applicable Guarantor free and clear of all Liens other than Permitted Encumbrances (as defined in Schedule B to the Purchase Agreement) (such action, suit or proceeding, a “Title Action”), such post-closing period shall be extended for so long as the Issuers Parent or the appropriate Restricted Subsidiary shall, in good faith, promptly commence and diligently prosecute such Title Action;

Post-Closing Collateral Matters. The Issuers Parent shall or shall cause each of its Restricted Subsidiaries to use commercially reasonable efforts to deliver to the Trustee and the Collateral Agent each of the following items within 90 120 days after the Issue Date (and in any event as soon as reasonably practicable thereafter); provided that to the extent it shall be necessary for the Issuers Parent or any Restricted Subsidiary to initiate or defend one or more appropriate actions, suits or proceedings at law, equity or otherwise to clear or quiet title in order that valid and indefeasible title to any Real Property shall be vested of record in the applicable Issuer or applicable Guarantor free and clear of all Liens other than Permitted Encumbrances (as defined in Schedule B to the Purchase Agreement) (such action, suit or proceeding, a “Title Action”), such post-closing period shall be extended for so long as the Issuers Parent or the appropriate Restricted Subsidiary shall, in good faith, promptly commence and diligently prosecute such Title Action;