Examples of Post-Closing Date in a sentence
The Borrower (or the Servicer on its behalf) will, and will cause each Originator to, at all times, instruct (and continue to instruct, if applicable) all Persons that have remitted or do remit funds to any Collection Account that do not constitute Collections on Pool Receivables to cease doing so on and after the Post-Closing Date and instead to commence remitting such funds to another account that does not constitute a Collection Account.
The Servicer shall cause the full amount of Collections deposited in each Originator Account to be swept daily into a Lock-Box Account that, if such date of determination is on or after the Post-Closing Date, is covered by an effective Lock-Box Agreement, pursuant to standing sweep instructions that remain in full force and effect.
Instruct or cause the Servicer to instruct all Obligors to remit all Collections of Pool Receivables and the Related Security directly to (i) a Lock-Box Account that, if such date of determination is on or after the Post-Closing Date, is covered by an effective Lock-Box Agreement, (ii) solely with respect to SAP Originator Receivables, an Originator Account that, if such date of determination is on or after the Post-Closing Date, is covered by an effective Originator Account Agreement or (iii) a Mail-Box.
Each Lock-Box Account is in the name of the Borrower or prior to the Post-Closing Date, an Originator, and the Borrower or prior to the Post-Closing Date, an Originator, owns and has good and marketable title to each Lock-Box Account free and clear of any Adverse Claim.
The Servicer will promptly (but in any event if a Level II Ratings Event has occurred and is continuing, within two (2) Business Days unless such failure is solely a result of a Force Majeure Event) following receipt of any Collections that have been mailed to a Mail-Box, cause such Collections to be directly deposited in a Lock-Box Account that, if such date of determination is on or after the Post-Closing Date, is covered by an effective Lock-Box Agreement.