Common use of Additional Real Property Collateral Clause in Contracts

Additional Real Property Collateral. Promptly at the request of the Administrative Agent or 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 by the Borrower or any of the other Credit Parties on which is located Inventory with a value in excess of $2,000,000 and/or assign to the Administrative Agent for the ratable benefit of itself and the Lenders all rights of the Borrower or any of the other Credit Parties under any such real property owned by the Borrower or any of the other Credit Parties 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 mortgagee title insurance policies, title surveys and real estate appraisals satisfying the requirements of all Applicable Laws, 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. Promptly at the request ----------------------------------- of the Administrative Agent or 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 the any Borrower or any of the other Credit Parties on which is located Inventory with a value in excess of $2,000,000 Subsidiary thereof and/or assign to the Administrative Agent for the ratable benefit of itself and the Lenders all rights of the any Borrower or any of the other Credit Parties Subsidiary thereof under any such real property owned or leased by the any Borrower or any of the other Credit Parties 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, 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. Promptly at the request of the Administrative Agent or 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 the any Borrower or any of the other Credit Parties Subsidiary thereof on which is located Inventory with a value in excess of $2,000,000 1,000,000 and/or assign to the Administrative Agent for the ratable benefit of itself and the Lenders all rights of the any Borrower or any of the other Credit Parties Subsidiary thereof under any such real property owned or leased by the any Borrower or any of the other Credit Parties 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, 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. Promptly at the request ----------------------------------- of the Administrative Agent or 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 the any Borrower or any of the other Credit Parties on which is located Inventory with a value in excess of $2,000,000 Subsidiary thereof and/or assign to the Administrative Agent for the ratable benefit of itself and the Lenders all rights of the any Borrower or any of the other Credit Parties Subsidiary thereof under any such real property owned or leased by the any Borrower or any of the other Credit Parties 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, 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.