Common use of Additional Mortgaged Properties Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc)

AutoNDA by SimpleDocs

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.

Appears in 2 contracts

Samples: Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.