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 real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000, promptly 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 the other Real Property Deliverables. Upon receipt of such notice requesting a Mortgage, the Person that has acquired such New Facility shall promptly furnish to the Collateral Agent each of the applicable Real Property Deliverables, reasonably requested by 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 real property (wherever located) (each such interest being a “"New Facility”") with a Current Value (as defined below) in excess of $500,000, promptly 500,000 immediately so notify the Collateral AgentAgents, 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 the any other Real Property Deliverables) with respect to such New Facility. Upon receipt of such notice requesting a MortgageMortgage (and any other Real Property Deliverables), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent each of the applicable Real Property Deliverables, reasonably requested by the Collateral Agent. The Borrowers Borrower 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 's obligations under this Section 7.01(o).

After Acquired Real Property. (i) Upon the acquisition by any Loan Party after the date hereof of any fee interest in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,0001,000,000, promptly 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 the other Real Property Deliverables. Upon receipt of such notice requesting a Mortgage, the Person that has acquired such New Facility shall promptly furnish to the Collateral Agent each of the applicable Real Property Deliverables, reasonably requested by 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 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 $500,000, promptly 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 '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 the any other Real Property Deliverables) with respect to such New Facility. Upon receipt of such notice requesting a MortgageMortgage (and any other Real Property Deliverables), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent each of the applicable Real Property Deliverables, reasonably requested by 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 '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 Funding Date of any fee interest in any fee-owned real property (wherever located) (each such interest being a “"New Facility”") with that is a Current Value (as defined below) in excess of $500,000Material Facility, promptly 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 '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 the any other Real Property Deliverables) with respect to such Material Facility. Upon receipt of such notice requesting a MortgageMortgage (and any other Real Property Deliverables), the Person that has acquired such New Material Facility shall promptly furnish the same to the Collateral Agent each of the applicable Real Property Deliverables, reasonably requested by the Collateral Agent. 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 it or any Loan Party of its Subsidiaries after the date hereof of any fee interest in any fee-owned real property (wherever located) (each such interest being a “New Facility”) with that is a Current Value (as defined below) in excess of $500,000Material Facility, promptly 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 the any other Real Property Deliverables) with respect to such Material Facility. Upon receipt of such notice requesting a MortgageMortgage (and any other Real Property Deliverables), the Person that has acquired such New Material Facility shall promptly furnish the same to the Collateral Agent each of the applicable Real Property Deliverables, reasonably requested by the Collateral Agent. 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(o)7.13.