Common use of After Acquired Real Property Clause in Contracts

After Acquired Real Property. Upon the acquisition by any Loan Party after the date hereof of any fee interest in any owned real property (wherever located) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $250,000 for the individual location or $500,000 in the aggregate of all real property not subject to a Mortgage, promptly (and in any event within ten (10) Business Days of such acquisition) so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Estate Deliverables) with respect to such New Facility and the applicable Loan Party will enter into a Mortgage (along with and any other applicable Real Estate Deliverables) reasonably satisfactory to the Collateral Agent with respect to such New Facility 30 days from such written request (or such longer period as the Collateral Agent may permit in its sole discretion) of the Collateral Agent. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrowers shall pay all fees and expenses, including reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party's obligations under this Section 7.01(o).

After Acquired Real Property. Upon the acquisition by it or any Loan Party of its Subsidiaries after the date hereof of any fee interest in any owned real property (wherever located) (each such interest being a "“New Facility"”) with a Current Value (as defined below) in excess of $250,000 for the individual location or $500,000 in the aggregate of all real property not subject to a Mortgage250,000, promptly (and in any event within ten (10) Business Days of such acquisition) so notify the Collateral AgentAgent within 30 days after such acquisition, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party's ’s good-faith estimate of the current value of such real property (for purposes of this Section, the "”Current Value"”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Estate Property Deliverables) with respect to such New Facility and the applicable Loan Party will enter into Facility, except that Collateral Agent shall not require a Mortgage (along with and or any other applicable Real Estate Deliverables) reasonably satisfactory Property Deliverables for any Facility as to which the Collateral Agent with respect to such New Facility 30 days from such written request (or such longer period as the Collateral Agent may permit shall determine in its sole discretion) reasonable discretion that the costs and burdens of obtaining a security interest are excessive in relation to the Collateral Agentvalue afforded thereby. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 60 days (or such longer period as the Collateral Agent may agree to in its sole discretion) after receipt of such request. The Borrowers shall pay all fees and expenses, including including, without limitation, reasonable attorneys' ’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party's ’s obligations under this Section 7.01(o7.01(m).

After Acquired Real Property. Upon the acquisition by any Loan Party after the date hereof of any fee simple interest in any owned real property (wherever located) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $250,000 for the individual location or $500,000 in the aggregate of all real property not subject to a Mortgage1,000,000, promptly (promptly, and in any event within ten (10) Business Days 10 days of such acquisition) so , notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Estate Property Deliverables) with respect to such New Facility and the applicable Loan Party will enter into Facility, except that Collateral Agent shall not require a Mortgage (along with and or any other applicable Real Estate Deliverables) reasonably satisfactory Property Deliverables for any Facility as to which the Collateral Agent with respect to such New Facility 30 days from such written request (or such longer period as the Collateral Agent may permit shall determine in its sole reasonable discretion) , after consultation with the Borrower, that the costs and burdens of obtaining a security interest are excessive in relation to the Collateral Agentvalue afforded thereby. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 60 days (or such longer period as the Collateral Agent may agree to in its sole discretion) after receipt of such request. The Borrowers Borrower shall pay all fees and expenses, including including, without limitation, reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party's obligations under this Section 7.01(o7.01(m).

After Acquired Real Property. Upon the acquisition by it or any Loan Party of its Subsidiaries after the date hereof of any fee interest in any owned real property (wherever located) (each such interest being a "“New Facility"”) with a Current Value (as defined below) in excess of $250,000 for the individual location or $500,000 in the aggregate of all real property not subject to a Mortgage500,000, promptly (and in any event within ten (10) Business Days of such acquisition) immediately so notify the Collateral AgentAgent in writing, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party's ’s good-faith estimate of the current value of such real property (for purposes of this Sectionhereof, the "“Current Value"”). The Collateral Agent Required Lenders shall notify such Loan Party whether it intends they intend to require a Mortgage (and any other Real Estate Property Deliverables) with respect to such New Facility and the applicable Loan Party will enter into a Mortgage (along with and any other applicable Real Estate Deliverables) reasonably satisfactory to the Collateral Agent with respect to such New Facility 30 days from such written request (or such longer period as the Collateral Agent may permit in its sole discretion) of the Collateral AgentFacility. Upon receipt of such a notice requesting a Mortgage (and and/or any other Real Property Deliverables), the Person that has acquired such New Facility shall promptly within 30 days furnish the same to the Collateral AgentAgent and the Required Lenders, in a form reasonably satisfactory to the Required Lenders. The Borrowers Borrower shall pay all fees and expenses, including including, without limitation, reasonable attorneys' ’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party's ’s obligations under this Section 7.01(o6.8(f).

After Acquired Real Property. Upon the acquisition by it or any Loan Party of its Subsidiaries after the date hereof Effective Date of any fee interest in any owned real property Real Property (wherever located) for a cash purchase price (each or if any such fee interest being is acquired indirectly in connection with the acquisition of a "New Facility") with Subsidiary that becomes a Current Value (as defined belowLoan Party, the portion of the cash purchase price of such Subsidiary that is estimated in good faith by the Borrower to be allocable to such fee interest) in excess of $250,000 for the individual location or $500,000 in the aggregate of all real property not subject to a Mortgage2,000,000, promptly (and in any event within ten (10) Business Days of such acquisition) immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, Real Property and describing any structures or improvements thereon and either an appraisal or such Loan Party's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value")thereon. The Collateral Agent shall notify such Loan Party within ten (10) Business Days of receipt of notice from the Borrower whether it intends to require a Mortgage (and any other Real Estate Property Deliverables) with respect to such New Facility and the applicable Loan Party will enter into a Mortgage (along with and any other applicable Real Estate Deliverables) reasonably satisfactory to the Collateral Agent with respect to such New Facility 30 days from such written request (or such longer period as the Collateral Agent may permit in its sole discretion) of the Collateral AgentFacility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables), the Person Loan Party that has acquired such New Facility shall promptly furnish the same to the Collateral Agent within sixty (60) days (or such later date as may be permitted by the Agents in their sole discretion) after such Loan Party's receipt of the Collateral Agent's notice. The Borrowers Borrower shall pay all fees and expenses, including reasonable and documented out-of-pocket attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party's obligations under this Section 7.01(o).

After Acquired Real Property. Upon the acquisition by it or any Loan Party of its Subsidiaries after the date hereof of any fee interest in any owned real property (wherever located) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $250,000 for the individual location or $500,000 [***] in the aggregate case of all real property not subject to a Mortgagefee interest, promptly (and in any event within ten (10) Business Days of such acquisition) immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Estate Property Deliverables) or landlord's waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility and the applicable Loan Party will enter into a Facility; provided, however, that no Mortgage (along with and or any other applicable Real Estate Property Deliverables) reasonably satisfactory to the Collateral Agent with shall be required in respect to such New Facility 30 days from such written request (or such longer period as the Collateral Agent may permit in its sole discretion) of the Collateral Agentany Excluded Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables)) or landlord's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrowers Borrower shall pay all fees and expenses, including including, without limitation, reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party's obligations under this Section 7.01(o7.01(m).

After Acquired Real Property. Upon the acquisition by it or any Loan Party of its Subsidiaries after the date hereof of any fee interest in any owned real property (wherever located) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $250,000 for the individual location or $500,000 in the aggregate of all real property not subject to a Mortgage500,000, promptly (and in any event within ten (10) Business Days of such acquisition) so notify the Collateral AgentAgent within 30 days after such acquisition, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Estate Property Deliverables) with respect to such New Facility and the applicable Loan Party will enter into Facility, except that Collateral Agent shall not require a Mortgage (along with and or any other applicable Real Estate Deliverables) reasonably satisfactory Property Deliverables for any Facility as to which the Collateral Agent with respect to such New Facility 30 days from such written request (or such longer period as the Collateral Agent may permit shall determine in its sole discretion) reasonable discretion that the costs and burdens of obtaining a security interest are excessive in relation to the Collateral Agentvalue afforded thereby. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 60 days (or such longer period as the Collateral Agent may agree to in its sole discretion) after receipt of such request. The Borrowers shall pay all fees and expenses, including including, without limitation, reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party's obligations under this Section 7.01(o7.01(m).. 102