Common use of Additional Security; Further Assurances; Surveys Clause in Contracts

Additional Security; Further Assurances; Surveys. (a) The Borrower will, and will cause each of its Domestic Wholly-Owned Subsidiaries to, grant to the Collateral Agent security interests and mortgages (an "ADDITIONAL MORTGAGE") in such Real Property (excluding Real Property where the fair market value thereof is less than $1,000,000) of the Borrower or any of its Domestic Wholly-Owned Subsidiaries as are not covered by the original Mortgages, to the extent acquired after the Initial Borrowing Date, and as may be requested from time to time by the Administrative Agent or the Required Lenders (each such Real Property, an "ADDITIONAL MORTGAGED PROPERTY"). All such Additional Mortgages shall be granted pursuant to documentation substantially in the form of the Mortgages or in such other form as is reasonably satisfactory to the Administrative Agent and shall constitute valid and enforceable perfected Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 9.01 at the time of perfection thereof. The Additional Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full.

Appears in 2 contracts

Samples: Credit Agreement (Packaging Corp of America), Credit Agreement (Pca Valdosta Corp)

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Additional Security; Further Assurances; Surveys. (a) The Holdings and the Borrower will, and will cause each of its their respective Domestic Wholly-Owned Subsidiaries to, grant to the Collateral Agent security interests and mortgages (an "ADDITIONAL MORTGAGEAdditional Mortgage") in such Real Property (excluding leaseholds of Real Property where the fair market value thereof of the respective leasehold interest is less than $1,000,000) of Holdings, the Borrower or any of its their respective Domestic Wholly-Owned Subsidiaries as are not covered by the original Mortgages, to the extent acquired after the Initial Borrowing Effective Date, and as may be requested from time to time by the Administrative Agent or the Required Lenders Banks (each such Real Property, an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"). All such Additional Mortgages shall be granted pursuant to documentation substantially in the form of the Mortgages delivered to the Administrative Agent on the Effective Date or in such other form as is reasonably satisfactory to the Administrative Agent and shall constitute valid and enforceable perfected Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 9.01 at the time of perfection thereof. The Additional Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full.

Appears in 1 contract

Samples: Credit Agreement (FSC Semiconductor Corp)

Additional Security; Further Assurances; Surveys. (a) The Holdings and the Borrower will, and will cause each of its their respective Domestic Wholly-Owned Subsidiaries to, grant to the Collateral Agent security interests and mortgages (an "ADDITIONAL MORTGAGEAdditional Mortgage") in such Real Property (excluding Real Property where the fair market value thereof is less than $1,000,000) of Holdings, the Borrower or any of its their respective Domestic Wholly-Owned Subsidiaries as are not covered by the original Mortgages, to the extent acquired after the Initial Borrowing Date, and as may be requested from time to time by the Administrative Agent or the Required Lenders Banks (each such Real Property, an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"). All such Additional Mortgages shall be granted pursuant to documentation substantially in the form of the Mortgages delivered to the Administrative Agent on the Initial Borrowing Date or in such other form as is reasonably satisfactory to the Administrative Agent and shall constitute valid and enforceable perfected Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 9.01 at the time of perfection thereof. The Additional Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full.

Appears in 1 contract

Samples: Credit Agreement (Generac Portable Products Inc)

Additional Security; Further Assurances; Surveys. (a) The Borrower will, and will cause each of its Domestic Wholly-Owned Subsidiaries to, grant to the Collateral Agent security interests and mortgages (an "ADDITIONAL MORTGAGEAdditional Mortgage") in such Real Property (excluding Real Property where the fair market value thereof is less than $1,000,000500,000) of the Borrower or any of its Domestic Wholly-Owned Subsidiaries as are not covered by the original Mortgages, as amended by the Mortgage Amendments, to the extent acquired after the Initial Borrowing Date, and as may be requested from time to time by the Administrative Agent or the Required Lenders (each such Real Property, an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"). All such Additional Mortgages shall be granted pursuant to documentation substantially in the form of the Mortgages (and, in addition, any necessary UCC fixture filings and any necessary landlord consents, landlord waivers and such other documents related to any leased Additional Mortgaged Property) or in such other form as is reasonably satisfactory to the Administrative Agent and shall constitute valid and enforceable perfected Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 9.01 at the time of perfection thereof. The Additional Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full.

Appears in 1 contract

Samples: Security Agreement (Iasis Healthcare Corp)

Additional Security; Further Assurances; Surveys. (a) The Borrower Holdings will, and will cause each of its Domestic Wholly-Owned Subsidiaries to, grant to the Collateral Agent security interests and mortgages (an "ADDITIONAL MORTGAGEAdditional Mortgage") in such fee simple interests of Real Property (excluding Real Property where the fair market value thereof is less than $1,000,000) of the Borrower Holdings or any of its Domestic Wholly-Owned Subsidiaries as are not covered by the original Mortgages, to the extent acquired after the Initial Borrowing Restatement Date, and as may be reasonably requested from time to time by the Administrative Agent or the Required Lenders Banks (each such Real Property, an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"). All such Additional Mortgages shall be granted pursuant to documentation substantially in the form of the Mortgages delivered to the Agent on the Restatement Date or in such other form as is reasonably satisfactory to the Administrative Agent and shall constitute valid and enforceable perfected Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 9.01 at the time of perfection thereof. The Additional Mortgages or instruments related thereto shall be have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall be have been paid in full.

Appears in 1 contract

Samples: Credit Agreement (Atrium Companies Inc)

Additional Security; Further Assurances; Surveys. (a) The Holdings, Parent and the Borrower will, and will cause each of its their respective Domestic Wholly-Owned Subsidiaries (other than Howmet Insurance and any Receivables Subsidiary) to, grant to the Collateral Agent security interests and mortgages (an "ADDITIONAL MORTGAGEAdditional Mortgage") in such Real Property (excluding Real Property where the fair market value thereof is less than having a Fair Market Value in excess of $1,000,000) 1,000,000 of the Borrower or any of its Domestic Wholly-Owned Subsidiaries such Person as are not covered by the original Original Mortgages, to the extent acquired after the Initial Borrowing Date, Restatement Effective Date and as may be requested from time to time by the Administrative Agent or the Required Lenders Banks (each such Real Property, an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"). All such Additional Mortgages shall be granted pursuant to documentation substantially in the form of the Mortgages delivered to the Administrative Agent on the Original Effective Date or in such other form as is reasonably satisfactory to the Administrative Agent and shall constitute valid and enforceable perfected Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 9.01 at the time of perfection thereof. The Additional Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full.

Appears in 1 contract

Samples: Security Agreement (Howmet Corp /New/)

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Additional Security; Further Assurances; Surveys. (a) The Borrower will, and will cause each of its Domestic Wholly-Owned Subsidiaries to, grant to the Collateral Agent security interests and mortgages (an "ADDITIONAL MORTGAGEAdditional Mortgage") in such Real Property (excluding Real Property where the fair market value thereof is less than $1,000,000500,000) of the Borrower or any of its Domestic Wholly-Owned Subsidiaries as are not covered by the original Mortgages, to the extent acquired after the Initial Borrowing Date, and as may be requested from time to time by the Administrative Agent or the Required Lenders (each such Real Property, an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"). All such Additional Mortgages shall be granted pursuant to documentation substantially in the form of the Mortgages or in such other form as is reasonably satisfactory to the Administrative Agent and shall constitute valid and enforceable perfected Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 9.01 at the time of perfection thereof. The Additional Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full.

Appears in 1 contract

Samples: Southwest General Hospital Lp

Additional Security; Further Assurances; Surveys. (a) The Borrower Holdings will, and will cause each of its Domestic Wholly-Owned Subsidiaries to, grant to the Collateral Agent security interests and mortgages (an "ADDITIONAL MORTGAGEAdditional Mortgage") in such fee simple interests of Real Property (excluding Real Property where the fair market value thereof is less than $1,000,000) of the Borrower Holdings or any of its Domestic Wholly-Owned Subsidiaries as are not covered by the original Mortgages, to the extent acquired after the Initial Borrowing Effective Date, and as may be reasonably requested from time to time by the Administrative Agent or the Required Lenders Banks (each such Real Property, an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"). All such Additional Mortgages shall be granted pursuant to documentation substantially in the form of the Mortgages delivered to the Agent on the Effective Date or in such other form as is reasonably satisfactory to the Administrative Agent and shall constitute valid and enforceable perfected Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 9.01 at the time of perfection thereof. The Additional Mortgages or instruments related thereto shall be have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall be have been paid in full.

Appears in 1 contract

Samples: Credit Agreement (H-R Window Supply Inc)

Additional Security; Further Assurances; Surveys. (a) The Holdings and the Borrower will, and will cause each of its their respective Domestic Wholly-Owned Subsidiaries to, grant to the Collateral Agent security interests and mortgages (an "ADDITIONAL MORTGAGEAdditional Mortgage") in such Real Property (excluding leaseholds of Real Property where the fair market value thereof of the respective leasehold interest is less than $1,000,000) of Holdings, the Borrower or any of its their respective Domestic Wholly-Owned Subsidiaries as are not covered by the original Original Mortgages or New Mortgages, to the extent acquired after the Initial Borrowing Original Effective Date, and as may be requested from time to time by the Administrative Agent or the Required Lenders Banks (each such Real Property, an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"). All such Additional Mortgages shall be granted pursuant to documentation substantially in the form of the Original Mortgages delivered to the Administrative Agent on the Original Effective Date or in such other form as is reasonably satisfactory to the Administrative Agent and shall constitute valid and enforceable perfected Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 9.01 at the time of perfection thereof. The Additional Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full.

Appears in 1 contract

Samples: Credit Agreement (Fairchild Semiconductor Corp)

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