Additional Real Property Collateral. At any time (i) any US Subsidiary or Foreign Subsidiary is added as a US Loan Party or a UK Loan Party, as applicable, pursuant to Section 5.11(a) or Section 5.11(b), as applicable and such Loan Party owns any Real Property (other than real property constituting Excluded Property) (x) in the case of a US Loan Party, no later than 30 days thereafter and (y) in the case of a UK Loan Party, no later than 60 days thereafter (or such greater number of days as Agent shall agree to in its sole and absolute discretion in any given case) or (ii) any existing US Loan Party or UK Loan Party acquires any owned Real Property (other than real property constituting Excluded Property) after the Closing Date no later than 30 days thereafter (or such greater number of days as Agent shall agree to in its sole and absolute discretion in any given case), such Loan Party shall be required to xxxxx x Xxxx to Agent and execute and deliver a Mortgage and take all action in connection therewith as would otherwise have been required to be taken pursuant to Schedule 3.6 with respect to such Real Property if such Loan Party owned such Real Property on the Closing Date (including, without limitation, (A) delivery of Mortgage Policies (if applicable) in amounts reasonably satisfactory to Agent or any foreign equivalent thereof assuring Agent that the Mortgages on such Real Property Collateral are valid and enforceable mortgage Liens on such real property free and clear of all defects and encumbrances (other than Permitted Liens), (B) appropriate flood zone certificates (or equivalent certificates that would be relevant to such real property located in foreign jurisdictions where such certificates are obtainable) indicating that such real property is not located in a flood zone or flood insurance in an amount reasonably satisfactory to the Agent with respect to such real property and (C) appropriate fixture filings and phase 1 environmental reports), all as reasonable requested by the Agent and in form and substance reasonably satisfactory to Agent (including being sufficient to grant Agent a first priority Lien (subject to Permitted Liens) in and to such Real Property Collateral. The relevant Loan Party shall be required to pay all recording costs, intangible taxes and other fees and costs (including reasonable attorney fees and expenses) incurred in connection with the foregoing.
Additional Real Property Collateral. Promptly at the request ----------------------------------- of the Required Lenders, grant to the Administrative Agent for the ratable benefit of itself and the Lenders a security interest in any real property owned or leased by any Borrower or any Subsidiary thereof and/or assign to the Administrative Agent for the ratable benefit of itself and the Lenders all rights of any Borrower or any Subsidiary thereof under any real property owned or leased by any Borrower or any Subsidiary thereof pursuant to documentation reasonably satisfactory to the Administrative Agent and the Required Lenders, and take all actions reasonably requested by the Administrative Agent or the Required Lenders in connection with consummating such assignments and the granting of such security interests including, without limitation, the obtaining of landlord or lessor consents, mortgagee title insurance policies, title surveys and real estate appraisals satisfying the requirements of all Applicable Laws and duly recording each document related thereto in such manner and in such places as are required by the law to perfect and preserve the Liens in favor of the Administrative Agent and the Lenders granted pursuant to such documents.
Additional Real Property Collateral. If, after the Closing Date, any Borrower or any of its Subsidiaries acquires Real Property used as a manufacturing or warehouse facility (unless such Borrower shall have received the prior written consent of the Agent waiving the application of this Section 6.22 as to such Real Property), such Borrower shall, or shall cause such Subsidiary to, forthwith deliver to Agent a fully executed mortgage or deed of trust over such Real Property, in form and substance satisfactory to Agent, together with title insurance policies, surveys, evidences of insurance with Agent named as loss payee and additional insured, legal opinions and other documents and certificates with respect to such Real Property as was required for Real Property of such Borrower or such Subsidiary as of the Closing Date or as Agent may reasonably request. Borrowers further agree that, following the taking of such actions with respect to such Real Property, Agent shall have, for the benefit of the Lender Group, a valid and enforceable first priority Mortgage over such Real Property, free and clear of all Liens except for Permitted Liens.
Additional Real Property Collateral. Notify the Administrative Agent within ten (10) days after the acquisition of or entry into a new lease of any Real Property by the Borrower or any of its Restricted Subsidiaries (a) upon which a broadcast tower, studio or other facility, in each case that is material to the operation of a Station, is located or (b) that has a fair market value in excess of $3,000,000 (but excluding any Real Property where the Administrative Agent reasonably determines that the cost of obtaining a Lien on such Real Property or such lease is excessive in relation to the value afforded thereby), in each case that is not subject to the existing Security Documents and, within ninety (90) days after the acquisition of or entry into a lease of such Real Property, as such date may be extended by the Administrative Agent in its reasonable discretion, (i) with respect to any such owned Real Property, deliver to the Administrative Agent such mortgages, deeds of trust, title insurance policies, environmental reports, surveys, and other documents reasonably requested by the Administrative Agent in connection with granting and perfecting a first priority Lien, subject only to Permitted Liens, on such Real Property in favor of the Administrative Agent, for the ratable benefit of the Secured Parties and (ii) with respect to any such leased Real Property, use its commercially reasonable efforts to deliver such leasehold mortgages, estoppels or subordination, non-disturbance and attornment agreements, landlord waivers and access agreements reasonably requested by the Administrative Agent, all in form and substance acceptable to the Administrative Agent.
Additional Real Property Collateral. A. Additional Mortgages, Etc. From and after the Closing Date, in the event that (i) any Borrower or any of its Subsidiaries acquires any Fee Property or any Material Leasehold (other than any Fee Property or Material Leasehold which Administrative Agent in its sole discretion affirmatively waives the requirements set forth in this subsection 6.9 with respect to such Fee Property or Material Leasehold) (each a "Covered Real Property Asset") or (ii) at the time any Person becomes a Subsidiary of any Borrower, such Person owns or holds any Covered Real Property Asset, such Borrower or such Subsidiary shall, as soon as practicable after the acquisition of such or such Covered Real Property Asset or such Person's becoming a Subsidiary of any Borrower, as the case may be, deliver to Administrative Agent the following:
Additional Real Property Collateral. 126 6.10 ASSIGNABILITY AND RECORDING OF LEASE AGREEMENTS . . . . . . . . . . . . . . . . . . 129
Additional Real Property Collateral. Upon the request of Lender, at any time, Borrower and its Subsidiaries shall take all action necessary or reasonably advisable such that Lender shall receive a Lien on all real property interests of Borrower and its Subsidiaries acquired after the Initial Effective Date, including, without limitation, all leasehold interests, and other documents and instruments as requested by Lender at the time of acquisition of such property.
Additional Real Property Collateral. The first paragraph of Section 5.11(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Additional Real Property Collateral. Borrower shall notify the Agent in writing promptly upon its or any Subsidiary's acquisition or leasing of any Real Property, and, at the Agent's request, shall promptly thereafter execute and deliver to the Agent, for the benefit of Lenders, or cause its Subsidiary to execute and deliver to the Agent, for the benefit of Lenders, a mortgage, deed of trust, deed to secure debt, assignment or other appropriate instrument evidencing a Lien upon any such Real Property, together with such title insurance policies (mortgagee's form), certified surveys, appraisals and local counsel opinions with respect thereto and such other agreements, documents and instruments which the Agent deems necessary or desirable, the same to be in form and substance substantially the same as the Mortgage (with appropriate state law variations) and to be subject only to (a) Permitted Encumbrances and (b) such other Liens as the Agent may approve in its sole discretion, it being understood that the granting of such additional security for the Obligations is a material inducement to the execution and delivery of this Agreement by each Lender.
Additional Real Property Collateral. Borrower shall notify the Agent ------------------------------------ in writing promptly upon its acquisition or leasing of any Real Property, and, at the Agent's request, shall promptly thereafter execute and deliver to the Agent, for the benefit of Lenders, a mortgage, deed of trust, deed to secure debt, assignment or other appropriate instrument evidencing a Lien upon any such Real Property, together with such title insurance policies (mortgagee's form), certified surveys, appraisals and local counsel opinions with respect thereto and such other agreements, documents and instruments which the Agent deems necessary or desirable, the same to be in form and substance substantially the same as the Mortgage (with appropriate state law variations) and to be subject only to (a) Permitted Encumbrances, (b) the Carve Out and (c) such other Liens as the Agent may reasonably approve, it being understood that the granting of such additional security for the Obligations is a material inducement to the execution and delivery of this Agreement by each Lender.
