Certain Real Property. Without affecting the obligations of either Obligor or any of the Restricted Subsidiaries under any of the Security Documents, in the event that either Obligor or any Restricted Subsidiary, at any time after the date of this Agreement, whether directly or indirectly, acquires any interest in any real property, including any fee or other ownership interest in one or more properties with an aggregate cost in excess of $50,000, or any interest under one or more leases of real property for a term in excess of three years and involving aggregate average payments in excess of $100,000 per annum (each such interest, an "After Acquired Property"), the Obligors will, or the Obligors will cause such Restricted Subsidiary to, as soon as practical provide written notice thereof to each holder of a Note, setting forth with specificity a description of such After Acquired Property, the location of such After Acquired Property, any structures or improvements thereon and an appraisal or its good-faith estimate of the current value of such real property ("Current Value"). The Required Holders may require the applicable Obligor or the applicable Restricted Subsidiary to grant and record a mortgage in favor of the Trustee on such After Acquired Property, provided that no new mortgage on such After Acquired Property shall be required if the costs that would be incurred as a result thereof are excessive in relation to the benefits that would be conferred thereby. In the event a mortgage is granted, the applicable Obligor or the applicable Restricted Subsidiary shall execute and deliver to the Trustee a mortgage, together with such documents or instruments as the Required Holders shall require. In no event shall any title insurance policy for any such After Acquired Property be in an amount which is less than the Current Value of such After Acquired Property. If, at any -41- time, the aggregate cost to the Obligors and the Restricted Subsidiaries of each interest in real property (a) acquired by either Obligor or any Restricted Subsidiary, whether directly or indirectly, at any time after the date of this Agreement, at a cost equal to or less than $50,000, (b) at such time, owned directly or indirectly by either Obligor or any Restricted Subsidiary and (c) for which a mortgage in favor of the Trustee is not in effect (the "Aggregate Cost of Unmortgaged Property"), exceeds $500,000, the Obligors will, as soon as practical, and in any event within 10 Business Days, provide writte...
Certain Real Property. If the Closing occurs and thereafter ---------------------- for as long as the Lease shall not have expired or been terminated, no SFEC Entity will, and each SFEC Entity shall cause each SFEC Affiliate to not, without the prior written consent of Fund (which may be withheld by Fund in its sole discretion), own or acquire any interest in or lease (except pursuant to the Lease) any real property located within one mile of the then boundary of the Amusement Park in any direction, if such real property is used in connection with the Amusement Park, and otherwise within 500 yards of the boundary of the Amusement Park in any direction.
Certain Real Property. The Company does not directly own any --------------------- real property located in the State of Connecticut.
Certain Real Property. Prior to the Closing, Seller shall obtain, at Seller’s expense, title commitments and phase I environmental site assessments for the Owned Real Property set forth on Schedule 6.23 (the “Subject Real Property”) and shall deliver such title commitments and phase I environmental site assessments to Purchaser. At any time prior to the Closing or within sixty (60) days following the Closing, Purchaser may, by written notice to Seller, designate any Subject Real Property as an Excluded Asset. If Purchaser so designates a Subject Real Property as an Excluded Asset, Seller shall cause such Subject Real Property to be transferred to Seller or an Affiliate of Seller (other than an Acquired Company) prior to the Closing (or, if after the Closing, Purchaser shall cause such Subject Real Property to be transferred to Seller or an Affiliate of Seller), and such Subject Real Property shall be deemed to be an Excluded Asset hereunder.
Certain Real Property. The Company does not directly own any real property located in the State of Connecticut.
Certain Real Property. The parties acknowledge and agree that the Purchaser and the Acquired Companies will have access to the real property set forth in Schedule 3.14(b) until July 6, 2008 or December 31, 2008, as applicable, and on such other terms and conditions contained in the Services Agreement with respect to such property, the form of which is set forth in Exhibit B.
Certain Real Property. Matters - 1 *Schedule 3.12(a)(ii)..........................
Certain Real Property. Without affecting the obligations of Holdings, the Borrower or any of the Material Subsidiaries under any of the Security Documents, the Borrower shall, or shall cause Holdings or any of the Material Subsidiaries to do the following:
Certain Real Property. The (i) Great Lakes Customer Center, Flint, Michigan (other than the MLCG support space); (ii) the engineering building and administration building in Warren, Michigan; (iii) Lornx Xxxdware Shop; and (iv) any right, title or interest in the Leased Real Property as a lessor, sublessor or assignor.
Certain Real Property. The owned real property of Seller located adjacent to the Owned Real Property, as described in Schedule 1.2(d) (the "Retained Real Estate"), except to the extent of Buyer's interest therein under the New Lease Agreement;
