Common use of After-Acquired Property Clause in Contracts

After-Acquired Property. All right, title and interest of Mortgagor in and to all extensions, improvements, betterments, renewals, substitutes and replacements of, and all additions and appurtenances to, the Mortgaged Property, hereafter acquired by, or released to, Mortgagor or constructed, assembled or placed by Mortgagor on the Premises, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further mortgage, conveyance, assignment or other act by Mortgagor, shall become subject to the lien hereof as fully and completely, and with the same effect, as though now owned by Mortgagor and specifically described in the Granting Clause hereof, but at any and all times Mortgagor will execute and deliver to Mortgagee any and all such further assurances, mortgages, conveyances or assignments thereof as Mortgagee may reasonably require for the purpose of expressly and specifically subjecting the same to the lien hereof.

Appears in 20 contracts

Samples: Leases and Rents and Security Agreement (Taubman Centers Inc), Mortgage, Security Agreement and Fixture (PPL Energy Supply LLC), And Security Agreement (Taubman Centers Inc)

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After-Acquired Property. All right, title and interest of Mortgagor in and to all extensions, improvements, betterments, renewals, substitutes and replacements of, and all additions and appurtenances to, the Mortgaged Property, hereafter acquired by, by or released to, to Mortgagor or constructed, assembled or placed by Mortgagor on the Premises, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further mortgage, conveyance, assignment or other act by Mortgagor, shall become subject to the lien hereof of this Mortgage as fully and completely, and with the same effect, as though now owned by Mortgagor and specifically described in the Granting Clause granting clauses hereof, but at any and all times Mortgagor will execute and deliver to Mortgagee any and all such further assurances, mortgages, conveyances or assignments thereof as Mortgagee may reasonably require for the purpose of expressly expressing and specifically subjecting the same to the lien hereofof this Mortgage.

Appears in 2 contracts

Samples: Payless Cashways Inc, Payless Cashways Inc

After-Acquired Property. All right, title title, and interest of Mortgagor in and to all extensions, improvements, betterments, renewals, substitutes substitutions, and replacements of, and all additions and appurtenances to, to the Mortgaged Property, hereafter acquired by, or released conveyed to, Mortgagor or constructed, assembled assembled, or placed by Mortgagor on upon the Premises, and all conversions of the security constituted therebyLand, immediately upon such acquisition, releaseconveyance, construction, assembling, placement assembling or conversionplacement, as the case may be, and in each such case, without any further mortgage, conveyance, assignment assignment, or other act by Mortgagor, shall become subject to the lien hereof of this Mortgage as fully and completely, and with the same effect, as though now owned by Mortgagor and specifically described in the Granting Clause hereofgranting clause of this Mortgage, but at any and all times Mortgagor will execute and deliver to Mortgagee any and all such further assurances, mortgages, conveyances conveyances, or assignments thereof thereof, as Mortgagee may reasonably require for the purpose of expressly and specifically subjecting the same to the lien hereofof this Mortgage.

Appears in 1 contract

Samples: Equity Inns Inc

After-Acquired Property. All right, title and interest of the Mortgagor in and to all extensions, improvements, betterments, renewals, substitutes and replacements of, and all additions and appurtenances to, the Mortgaged PropertyPremises hereafter acquired, hereafter acquired by, or released to, Mortgagor or constructed, assembled or placed by the Mortgagor on the Mortgaged Premises, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assembling, placement assembly or conversionplacement, as the case may be, and in each such case, case without any further mortgage, conveyance, conveyance or assignment or other act by of the Mortgagor, shall become subject to the lien hereof of this Mortgage as fully and completely, and with the same effect, as though now owned by the Mortgagor and specifically described in the Granting Clause hereof, but granting clauses of this Mortgage; and at any time and all times Mortgagor from time to time the Mortgagor, on demand, will execute execute, acknowledge and deliver to the Mortgagee any and all such further assurances, mortgages, conveyances or assignments thereof as the Mortgagee may reasonably require for to further evidence, confirm and perfect the purpose provisions of expressly and specifically subjecting the same to the lien hereofthis Section 2.11.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Acadia Realty Trust)

After-Acquired Property. All right, title and interest of Mortgagor Xxxxxxxxx in and to all extensions, improvements, betterments, renewals, substitutes and replacements ofplacements of arid all additions, and all additions accessions and appurtenances to, the Mortgaged PropertyProperty hereafter acquired, hereafter acquired by, or released to, Mortgagor or constructed, assembled or placed by Mortgagor on the PremisesLand, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assemblingassembly, placement or conversion, as the case may be, and in each such case, case without any further mortgage, conveyance, conveyance or assignment or other act by of Mortgagor, shall become subject to the lien hereof of this Mortgage as fully and completely, and with the same effect, as though now owned by Mortgagor Xxxxxxxxx and specifically described in the Granting Clause Clauses hereof, but at any time and at all times Mortgagor Mortgagor, on demand, will execute execute, acknowledge and deliver to Mortgagee and the Lender any and all such further assurances, mortgages, conveyances or assignments thereof as Mortgagee or the Lender may reasonably require in its sole discretion for the purpose of expressly and specifically subjecting the same to the lien hereofof this Mortgage.

Appears in 1 contract

Samples: manateehfa.org

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After-Acquired Property. All right, title and interest of ----------------------- Mortgagor in and to all extensions, improvements, betterments, renewals, substitutes and replacements of, and all additions and appurtenances to, the Mortgaged Property, hereafter acquired by, or released to, Mortgagor or constructed, assembled or placed by Mortgagor on the Premises, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further mortgage, conveyance, assignment or other act by Mortgagor, shall become subject to the lien hereof as fully and completely, and with the same effect, as though now owned by Mortgagor and specifically described in the Granting Clause hereof, but at any and all times Mortgagor will execute and deliver to Mortgagee any and all such further assurances, mortgages, conveyances or assignments thereof as Mortgagee may reasonably require for the purpose of expressly and specifically subjecting the same to the lien hereof.

Appears in 1 contract

Samples: Taubman Centers Inc

After-Acquired Property. All right, title and interest of the Mortgagor in and to all extensions, improvements, betterments, renewals, substitutes and replacements of, and all additions and appurtenances to, the Mortgaged PropertyPremises hereafter acquired, hereafter acquired by, or released to, Mortgagor or constructed, assembled or placed by the Mortgagor on the Mortgaged Premises, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assembling, placement assembly or conversionplacement, as the case may be, and in each such case, case without any further mortgage, conveyance, conveyance or assignment or other act by of the Mortgagor, shall become subject to the lien hereof of this Mortgage as fully and completely, and with the same effect, as though now owned by the Mortgagor and specifically described in the Granting Clause hereof, but granting clauses of this Mortgage; and at any time and all times Mortgagor from time to time the Mortgagor, on demand, will execute execute, acknowledge and deliver to the Mortgagee any and all such further assurances, mortgages, conveyances or assignments thereof as the Mortgagee may reasonably require for to further evidence, confirm and perfect the purpose provisions of expressly and specifically subjecting the same to the lien hereofthis SECTION 2.11.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Acadia Realty Trust)

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