Examples of Post-Termination Period in a sentence
During the Post-Termination Period, the Bank will forward to the Secured Party all checks and other items or correspondence received by the Bank for the Lock Box, including checks and other items received by the Bank for the Lock Box as of the termination of this Agreement by the Bank and not at the time already deposited to the Deposit Account.
The Secured Party will pay to the Bank any fees customarily charged by the Bank, and will reimburse the Bank for any out of pocket costs or expenses incurred by the Bank, in maintaining the Lock Box and forwarding the checks and other items and correspondence during the Post-Termination Period.
In the case of a securitization transaction, the Post-Termination Period is often 60-90 days.65 If paragraph (e) is included in the insert, this paragraph should be lettered paragraph (f).
Upon the termination of this License, all rights of Operator to use the Licensed Conduit Space, or any part thereof, shall cease except to the extent allowed during the Post-Termination Period pursuant to the Continuity of Services Commitments in Exhibit O to the IRU Agreement.