Additional Mortgaged Properties. Following the Closing Date, the Company may add additional tracts of real property owned (or to the extent constituting a Permitted Leasehold Mortgaged Property, leased) by the Company or any of its Subsidiaries as Mortgaged Properties (each an “Additional Mortgaged Property”), subject to the satisfaction of the Additional Mortgaged Property Requirements.
Additional Mortgaged Properties. From time to time during the term of this Agreement following the Lead Borrower’s written request, the Administrative Agent shall accept one or more Real Properties into the Pool as Collateral upon the satisfaction of the following conditions, in a manner reasonably acceptable to the Administrative Agent (or the Required Lenders or each Lender, where indicated):
Additional Mortgaged Properties. Borrower may at any time acquire an Encumbered Property that is a hotel owned as of the date hereof by a direct or indirect subsidiary of the Operating Partnership and with respect to which all Encumbered Property Indebtedness shall have been repaid, whereupon such Encumbered Property shall become a Mortgaged Property for all purposes hereunder and shall be encumbered by the liens of the Loan Documents (an “Additional Mortgaged Property”), provided that the following conditions are satisfied:
Additional Mortgaged Properties. (a) Within sixty (60) days following the First Amendment Effective Date, provide to the Administrative Agent a fully executed and notarized Mortgage encumbering the fee interest of the applicable Loan Party in such additional fee owned real properties of the Borrower and its Subsidiaries as are agreed to by the Administrative Agent and the Borrower such that the Administrative Agent shall be reasonably satisfied that the appraised value of all Mortgaged Properties is at least $100,000,000, together with (i) such other Real Property Security Documents with respect to such additional real properties as are requested by the Administrative Agent, in each case, in form and substance satisfactory to the Administrative Agent and (ii) an environmental assessment report as to each such additional real property, in form and substance and from professional firms reasonably acceptable to the Administrative Agent.
Additional Mortgaged Properties. The Borrower agrees that upon request by the Administrative Agent the Borrowers will, within five (5) days of such request, grant the Banks a first and prior mortgage or deed of trust lien on any oil and gas properties owned or hereafter acquired thereby whether by virtue of acquisition, drilling or otherwise.
Additional Mortgaged Properties. Provide to the Administrative Agent a fully executed and notarized Mortgage encumbering the fee interest of the applicable Loan Party in such additional Eligible Restaurants such that the requirements of Section 7.1 are complied with at all times, together with (i) such other Real Property Security Documents with respect to such additional real properties as are requested by the Administrative Agent, in each case, in form and substance satisfactory to the Administrative Agent and (ii) an environmental assessment report as to each such additional real property, in form and substance and from professional firms reasonably acceptable to the Administrative Agent.
Additional Mortgaged Properties. During the Availability Period, the Administrative Agent shall accept one or more of the Additional Mortgaged Properties into the Pool as Collateral upon the satisfaction of the following conditions, in a manner reasonably acceptable to the Administrative Agent:
Additional Mortgaged Properties. (a) The Borrower agrees to execute and deliver from time to time such documents as are reasonably requested by the Agent to provide that at least 90% of the net present value of the proved oil and gas reserves owned by the Borrower and each Guarantor, taken as a whole, are Mortgaged Properties, excluding Borrower's interests in the Camp Hill Field in East Texas.
Additional Mortgaged Properties. (a) Within 60 days after the Closing Date (or such longer period of time as may be agreed by the Administrative Agent in its reasonable discretion), the Borrower agrees to execute and deliver such documents (and the Borrower agrees to execute and deliver such additional documents from time to time thereafter as are reasonably requested by the Administrative Agent) to provide that at least the greater of (i) 90% and (ii) the percentage threshold established in the Revolving Credit Agreement, of the net present value of the proved oil and gas reserves owned by the Borrower and each Guarantor, taken as a whole, are Mortgaged Properties.
Additional Mortgaged Properties. If any Mortgaged Property is acquired by any Loan Party after the Fourth Amendment Date, Crocs will promptly notify the Administrative Agent thereof and will, as promptly as practicable, and in any event within ninety (90) days (or such longer period as the Administrative Agent may agree in writing) after such Mortgaged Property is acquired, cause such assets to be subjected to a Lien securing the Obligations and take such actions as shall be necessary or reasonably requested by the Administrative Agent to satisfy the Collateral and Guarantee Requirement (other than with respect to Excluded Property), including, without limitation, to grant and perfect such Lien, all at the expense of the Borrower.
