Acquired Property. The Company agrees to comply with all Obligations set forth in any Underlying Collateral Document relating to Acquired Property unless, in the opinion of the Company, complying with the Obligations under such Underlying Collateral Documents would not be in the best interest (in terms of maximizing the value of the Loan) of the Company and the Initial Member. Pursuant to the provisions of Section 3.1 hereof, the Initial Member may require the Company to prepare and furnish special warranty deeds and other applicable Transfer Documents, for the Initial Member’s approval, to convey the Receiver Acquired Property to the Company.
Acquired Property. The Company agrees to comply with all Obligations set forth in any Collateral Document relating to Acquired Property unless (subject in any event to Section 7.5 hereof), in the opinion of the Company, complying with the Obligations pursuant to such Collateral Documents would not be in the best interest (in terms of maximizing the value of the Asset) of the Company and the Initial Member. Pursuant to the provisions of Section 3.1 hereof, the Transferor may require the Company to prepare and furnish Receiver’s Deeds, Omnibus Property Assignments, Receiver’s Quitclaim Deeds and other applicable Transfer Documents, for the Transferor’s approval, to convey the Receiver Acquired Property to an Ownership Entity.
Acquired Property. If Debtor shall at any time after the date hereof (a) obtain any rights to any additional Collateral or (b) become entitled to the benefit of any additional Collateral or any renewal or extension thereof, including any reissue, division, continuation, or continuation-in-part of any Collateral, or any improvement on any Collateral, the provisions hereof shall automatically apply thereto and any such item enumerated in the preceding clause (a) or (b) shall automatically constitute Collateral as if such would have constituted Collateral at the time of execution hereof and be subject to the lien and security interest created by this Agreement without further action by any party. Debtor shall promptly provide to Secured Party written notice of any of the foregoing and confirm the attachment of the lien and security interest created by this Agreement to any rights described in clauses (a) and (b) above by execution of an instrument in form reasonably acceptable to Secured Party and the filing of any instruments or statements as shall be reasonably necessary to create, preserve, protect or perfect Secured Party's security interest in such Collateral. Further, Debtor authorizes Secured Party to modify this Agreement by amending Schedule A hereto to include any Collateral of Debtor acquired or arising after the date hereof.
Acquired Property. For all purposes of the Operative Documents, any purchase, sale, replacement, substitution or return of any Unit or Units shall include the other Acquired Property which relates thereto.
Acquired Property. All appraisers shall have a minimum of ten (10) years’ experience in appraising property similar to, and in the area of, the Acquired Property, and shall be MAI certified.
Acquired Property. Upon the acquisition of any property used in or relating to the business of Borrower, Borrower shall take all actions reasonably required by Lender to cause such property to become part of the Collateral for the Loan, including, but not limited to, the execution of all documents reasonably required by the Lender.
Acquired Property. To the extent permitted by law, all property acquired by Mortgagor after the date of this Mortgage which by the terms of this Mortgage shall be subject to the lien and the security interest created hereby (including, without limitation any additional land or other real property located in the County where the Real Property is located which may at any time hereafter be acquired by Mortgagor), shall immediately upon the acquisition thereof by Mortgagor and without further conveyance, mortgage or assignment become subject to the liens and security interests created by this Mortgage. Nevertheless, Mortgagor shall execute, acknowledge, deliver and record or file, as appropriate, any and all such further deeds to secure debt, mortgages, security agreements, financing statements, assignments and assurances as Agent shall reasonably require for accomplishing the purposes of this Mortgage.
Acquired Property. The County Closing shall have occurred, and Seller shall have completed its acquisition of the Property under the County PSA.
Acquired Property. A. Grantee will in accordance with 7 CFR part 3015, hold title to all real property described in Xxxx 11, including improvements to land, structures, fixtures, or other things attached to the real property. Movable machinery and other kinds of equipment are not real property (see Item 2 below). In addition all property, including real estate and fixtures acquired or improved by this grant and equipment, will be subject to the disposition requirements of 7 CFR part 3015, subpart R. THE GRANTEE AGREES TO NOTIFY AND OBTAIN THE APPROVAL OF THE GRANTOR BEFORE DISPOSING OF (1) ANY REAL PROPERTY OR FIXTURES ACQUIRED WITH THIS GRANT AND (2) ANY EQUIPMENT ACQUIRED WITH THIS GRANT WITH A UNIT ACQUISITION COST OF GREATER THAN $1,000.
B. This Grant Agreement covers the equipment described in Block 12. Grantee will abide by the requirements of 7 CFR part 3015 pertaining to equipment, which is acquired wholly or in part with grant funds. Xxxxxxx agrees not to encumber, transfer, or dispose of the property or any part thereof, acquired wholly or in part with Grantor funds, without the written consent of the Grantor.
C. If required by Grantor, record liens or other appropriate notices of record to indicate that personal or real property has been acquired or improved with Federal grant funds, and that use and disposition conditions apply to the property as provided by 7 CFR part 3015.
