Common use of After-Acquired Property; Fur- ther Assurances; Recording Clause in Contracts

After-Acquired Property; Fur- ther Assurances; Recording. (a) All property of every kind, other than Excepted Property, acquired by the Mortgagor after the date hereof, shall, immediately upon the acquisi- tion thereof by the Mortgagor, and without any further mortgage, conveyance or assign- ment, become subject to the lien of this Mortgage; SUBJECT, HOWEVER, to Per- mitted Encumbrances and the exceptions, if any, to which all of the Mortgagees consent. Nevertheless, the Mortgagor will do, execute, acknowledge and deliver all and every such further acts, conveyances, mortgages, fi- nancing statements and assurances as any Mortgagee shall require for accomplishing the purposes of this Mortgage.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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